Thursday, January 17, 2013

OF EUR/CHF


In first chapter If you don’t know any lines on chart language, never mind, you will be gradually intimacy what is and how to read it. This is my final goal to be reached at though this progress in introduction chart.
But I am strongly insisting on that you must see first the account how is increasing. Tempting enough let us eager to listen what chart is telling us, and examined the lowest point well and truly, if not, let us turn away from my chart language unless the reason and logic has failed to guide and persuade you there.            
I want my readers to share this horrible fear with my chart. It will be huge advance in this field, if someone feels tragedy drama from chart; I think not less than 5 % of trades can feel how candle is sung and dance. hence  I adapt “on air ,live scene, how I strife for survivable , from the chart , feeling the uneasy,  suffer or agony , it is almost near to goals, thou, chart language is too difficult to decipher , if you feel it, it means you understand and listen to what chart is telling to you about good and bad news. Perhaps this is best way for readers to lick my brain and heard my heart beating throughout live show of battle (I name on it as air live scene from the battle)  This may work, yes, as a narrative in the first chapter partly, and rest of them, Continued last chapter. If you don’t want to disconnect the story, you can directly skip to chapter 13 


let us see real time chart and feel it 

                                   Eur/Chf

It is 30 M chart that we consider whether if it is peak or not
In day trading, you may consider that it is the top of short term view   
As real time of it, the price is 1.24372 you would better sell it
And after re-buy it for long term view
Let us see how Cassandra words are precise!



30분봉 차트입니다.
단기적으로 한번 털어주고 다시 잡아도 좋다고 생각합니다.
왜냐하면 장기적으로는 상승추세이니까요
그러나 상승추세일지라도 눌렀다 가는 게 chart 입니다. 즉 오를 때 조차도 내렸다가 가는 곳이 있는데 소위 눌림목이 되겠군요. 이 종목은 30분봉상 한번 눌렀다가 갈 것입니다.
우리 한번 주시하고 그 결과를 비교해보지요
카산드라의 예언을 믿어도 되는지

Two weeks ago I predicted it (Dow Jons) as blue

I would like to revise my options (I hope it is not too late) because of Double bottom of stochastic signal 
Sorry about it !
See the ① of “W” pattern so called ‘double bottom’
   And   ② of BBS as the beginning of dynamic stage (opening mouth) two thick black lines   


Hence give me 1 month more 
I will give you more confirmed information 
sorry again


The result of Cassandra words


What if you listen to Cassandra word carefully?
Is it nightmare or Gospel?
Let us compare how it was and what it is
Because it is power of Trend
Hence let us strip up her secret how she predicted 3.43% profits within a week   
   
                                          1. Real time of USD/JPY



Do you remember what she told you?
She suggested price of 120ma in 75M chart when it is going up 

                                      2. A Week ago of USD/JPY







                                 3. Strip of Cassandra words


What are the secrets of her knowledge?
How she could predicted the price if it is matter of drunken man walking as a random theory?
Because she knew the trend as Issac Newton
An object in motion will stay in motion” 
so called Ladder pattern 




It may well be regarded as a distorted rectangle not only of characteristic behavior but also of Psychological status. 
All Main concepts from the pattern are finding out common element by inductive logic, since all substance is same as rectangle pattern.
 in especially ⑧&⑩ points are shared with resisted line of 75MA, the more intersection of facts, the more you can ensure the possibility  



More about Ladder pattern 

We often heard the ‘one sparrow don’t make a summer’ it is very best explanation of ‘Trend, it means in chart trading we are able to enjoy the weather of springing, mayday of life. For one sparrow can’t switch “the Trend of spring” into especially in weather of summer. It is power of trend and power of the inertia in Issac Newton world “An object in motion will stay in motion”    


I was about to create a chapter about “sparrow and trend” For it is very good example of explanation of” “TREND" since the meaning of “TREND" is so essential to technical anlysist filed. It is one of advantage which the fundamentalist can’t get it.  

Meanwhile
Assailed with doubt, how do we know about the period of trend in chart but not in season? 
Whereas we have known already about prior knowledge what is meaning of spring and summer and season and also have known that each season is consisted 3 month period.

It is question for us.  Even if one sparrow doesn’t make a summer’ we know when the summer is coming. In season it will be presumably within maximum of 3 month, the summer coming at least. But in chart how do we know the length and duration of trend?

It is one of our final tasks to synchronize the sensation between a sparrow in season and a trend in chart
If we can truly sense what is meaning of a summer or springing in season as like as we can feel it in chart, it is one of best and lucrative deal what we can harvest from the skill of chart.
I may reissue this topic “sparrow and trend”  

At the moment I want you to partly satisfy with the trend as below 
Thicken black line is upper line of BBS
Thicken Red line is middle line of BBS
BBS is another expression of ladder pattern especially the red line has substantially same function of trend.  

As mention before, You may recognize this is acted as same mission with same function of Resistance & supporting line as well as of one Traditional trend lines (14) because they are intersected by both conception. It is nothing but just a matter of angle from which side you can approach here.  



It is trend of BBS and of ladder pattern, too.

We can enjoy the party until the trend is collapsed with double tops’” signals ( which is  inverted pattern of “W” of course it is better if we can company with negative divergence from any indicators)

Those BBS trend between upper and middle lines has more significant power than normal trend line which you may draw as this. It is doubtlessly acted as Resistance & supporting line as well as one of traditional trend line.  

You can decline the degree of angle and see as attribution to rectangle.
The methodology of trend has been fulfilled long time since Dow Jons. Even nowadays many of analysts take advantage of this function as the trend [1]in chart language, which is neither inclination nor constancy but an object in motion in motion in Issac Newton world.

As you can see the No ~No has been busy for his mission for embracing inside of a ladder (ref. Ladder pattern chapter)

See the No and No   
Both of downtrend line and BBS of down line are breakthrough and strongly supported by BBS down line. Interpret that when such a case especially the BBS and Ladder pattern is overlapping it. They are coworkers as common interested. 
Here of BBS of Middle line and downtrend of ladder is shared with their job. You can see this as bullish phase. In my chart it is expressed by blue background color as you know.

When it is breakthrough, where is it also rebounded?
When is best time to enter here?
The once resistance will be recoiled as supported line. The support will switched as resisted

Hence It will be rebounded to the No which his function has been changed from support into resistance line with 70% personal statistic.

I wish you to expend and enlarge this fact not only into this ladder pattern but also into analogous pattern such as rectangle, flag, Wedge and all of triangle. I mean “all “ it is substantially same same but different.
And I wish you to inflate like popcorn those facts with confluence of other indicators for best timing for entry as well 









It is same trend as previous one but more clearly we can observe inside of story.

 


                        =                       

I have a question, What if it is not rectangle but flag pattern where post is as the upside down pattern of the flag?

We can artificially decline ladder pattern as above and can similarly interpret this pattern as rectangle Pattern in terms of psychological struggle story between a bull and a bear world. 

When you find out some of this pattern as the trend, it does not always guaranty you to earn the money but you have some reason to enter at least. This is one of our final missions for feeling it.  

It may be small difference in stock trading but it is big difference in technical analysis unlike fundamental analysis. It will be too luxury to apply to the fundamental analysis here in world of Forex trading.

This is reason why we classify all the patterns in the light of conception from the fractal geometry  to obtain the more possibility in chart language as well as We may access to here in this pattern as a tools of logic of induction theory.

When you see such a ladder pattern, you can think about entering at the No but not uptrend of it otherwise your psychology will fret and erosive and suppressed by emotional decision.

It is apparently at the moment just two intersection of them the point is confluence both by one of 14 trend patterns and BBS line. But you may see the more meaningful intersection as progressing of this book. I want you to not have objection that the more intersection of patterns the more possibility. But I want you to acquire and you to better arm with statistics since we can see as much as we know.




Who said the most easest things is advise some one and most difficut things is vitory in argument from ignorent one. Perhap I am doing same things, for in fact It is not easy for us to apply it in real trading because the chart is only displayed  after result. But before result it is not same matterns. Hence it is easest thing for me  to adive you that i can justy the logic only according as what is actural happened.
It is hapeend as often as eathing rice on korean breakefast and as often as I am poorly betrayed it is too bad trauma to cure it.

Let us see this chart. we know where was best point. But before result, we are humman, too humman
However Undountley you know where is hunting point as this  
     Is ideal point again
     But I had entered 2 ,for it had provided several reason to bet ; it breakout the previous higer point , C wave and chair pattern even more, but it entirely betraied  all the probability. If we are not armed with stop loss, do not foret that we are completely forlorn
     Is frist ideal point but I could not expect to be became status of from view point of
I have sad vistory with bad result.
I did it with stop loss. The lessen fee is incalculable not only material but psychological issue
We call it bad trauma. Hence in chart world, keep in mind that We absolutely cannot get along without stop loss. I mean not only this pattern in chapter but also all of loweret point in all chapter