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Hey John....
Hope your health is good and you will be around for a looong time.
I am attaching your chart with a couple of notations added. What are the probabilities of the cave being pave up to 1,1350s
BTW....where is ecmf....why is he no longer posting. His contributions are priceless.
Hello to everyone...it sure is sleepy here. Anyway ...i am posting a typical MT4 chart with a forecast for Wacky Wednesday. Anybody can do this with simple indicators.
Trying to imitate the system but on fixed periods (month/weeks/days). I don't see any 'prediction' merit in it watching jchart charts (unless you know the BP in advance). Just makes target / sl setting easier sometimes for next period but can't see how you may predict successfully where it will move the next week, not even the next 4h (yeah made those charts for 1m too).
Price fractal (EQ) penetration and its expansion are the bases for direction and targeting
strictly speaking, the probabiblity of price up or down movement is always 50%, therefore it isn't practical to figure out the probabilities. although there are BPs can be used as support or resistance.
As chart shown if the price Fractal 11277--11232---11187 shift up instead move down, market will gain certain fuel and there will be bigger EQ can be expected based on choas theory. However; it is not 100% guarantee but fairly good chance to reach target estimated, It is always necessary to place stop for protection.
about ecmf because his account has been locked he could not make any more post.
Hey John ...
Thank you for the chart image...only wish I had it last night.... My crude attempt at duplicating the concept clearly indicated the move up...but thought I would take the retracement pips first....unfortunately entry was good but the target was not met...again thanks so much for your commitment.
Maybe BigMike will unlock ecmf's acct and allow him to continue posting....he is an asset to the thread