my observation, float repaints. i guess it is another zigzag based indicator. that's why it always aligns with zigzag.
hi fudoyuko i agree that float repaints, if you can lay your hands on MBFX waves you will see why price reverse at a certain point.i have MBFX waves i can do privates with emails because of copyrights, like i said earlier in one of my posts sell at top of waves buy at bottom when you see the non lag or the mt4 zig zag.float gives you a guide when to start looking for a trade.If you know how to triangulate price at those points of the float line regardless of repaint price will reverse when it completes its triangulation.Buzz me if you need anything. Take care
confirmations.If you look at any chart properly at the end of wave patterns you will see the Ms or the Ws the neckline of which represent structure line a break on those levels can act as confirmation of a new wave start.Its good on harmonic pattern validations
ive been busy all week studying the information introduced to us by Kolapo. After the weekend i opened an account to live trade my findings and hone my skills.
Im over 600 pips up over 29 trades. this is quite amazing and i encourage each of you to seriously take a look at this .
After a bit of study, you will be able to accurately predict not only where the price will go, but also at what point it will reverse, and then where it will terminate. All based on price action. There are some factors you need to take into account such as volatility and bias which will send your prediction off kilter a bit, but its all calculable. It truly is spooky how you are able to do this and all in a logical 'make sense' way, without any reliance on indicators.
Ive always shyed away from the short tfs and traded the daily and H4 but this has me studying these shorter tfs. There seems to be a lot of gapping on these charts. Is this quite a frequent thing? I traded futures for a while and noticed a lot of gapping there but in years past it is a rare thing on the forex higher TFs.
the attached chart is a trade im currently in at the moment. you see i have drawn a future price line in white. my entry was on the yellow line, the entry price is indicated by the red line. i have moved my stop already to lock in 71pips but will hold the trade in anticipation of it reaching my target price of 120.368.
ok foxy, you made me curious.. are you talking about Kolapo's template (image in post number 43), or do you talk about Price Action you learnt by .pdf into your post number 39?
because if I look at your last image, I can clearly see price action with a.. macd?
I can see it using Kolap's indis, H4 EurUsd
Last edited by JohnCapa; 02-09-2012 at 10:05 AM.
just what i gleaned from the pdfs and the videos that i now have. the indicator is iVar hurst component indicator, but i dont really use it .
FX Cycle Dominator.ex4hi Foxy you ave learned to find balance points and know about triangulaton of price. if everyone is able to watch the videos if might help.if not still they can use the cycles.you know when price will turn and where it is heading to.bonus fx cycle attached
hey kolapo, hi! In the meanwhile I read .pdf, could you take a look at the image I posted in #48? I'll try to follow it, what do you think about it? there is a new formation of float indicator, maybe ZigZag could retrace? (short position)?