Because if trend goes UP - we might need to DOUBLE preceding parameters
Correct ! When in doubt - wait !
Just watch - reality is it is best to Ascertain the scenario we're in - UP or DOWN - before acting based on our analysis section
MML's 1 and two construct a phase of transition into a dual octave OR an Hesitation Zone before Reversal
I'd wish to see an up curve together with all the Regression and price above the 8 m/avg advanced with 4, to me the Daily is just like any day and the relative octaves sizes, in this instance 19.5 pips hence the number of 19.5pip levels in an average days rangeOriginally Posted by ;
If ADR was taken as 100 pips then ofcourse 5 times are the response to the 19.5 pip case.Originally Posted by ;
....
I tend to steer well clear of these nagging kind indiors as I've found no advantage at all in using them.Originally Posted by ;
An intriguing chart nonetheless.
....
The additional long entrance I took on the UJ pair yesterday proven to be the right move but not from the woods yet.Originally Posted by ;
After price pulls above the 4/8 MML level I may go slightly aggressive on the next lot of further transactions into this UJ long cycle.
However, I need to be cautious with the peak to trough and the DD levels because exceeding 29 percent will finish the pursuit!
MML lines are somewhat close and clustered on your MM4 chart.
The same lines on a lowly TF chart might be worth a look.
....
Thanks for reply, To be truthful I've stopped trying to be the 1st one into conflict, on rare occasions you become a fanatic but many times you get killed, now at my age more than happy to be in the next wave. The 4 day and 8 day would be the 64, 4/8 3/8ths dividedOriginally Posted by ;