Pay attention to related levels which are more important than strict values of points in time. Read my previous post for explanation.
Sorry, I'm not slating you here but I find it hard to understand what you are talking about. Good luck anyhow.
Wow, compared to all these typical "MACD-zero-line cross" and MA-crossover" related threads, this is really something different... Just out of curiosity - what's your background ? This is certainly not high school math on the Wolfram website... Regards
if i figure it our correctly, you find a point of probable change some people have called it regression to the mean, others the nipple of the market profile others point of agreement between byuers and sellers the fact that you propose a forecasting timeframe of 1 day reflects the ever changing cycles of the market, so the model holds for a limited time and then cycles have to be recalculated? maybe I have this all wrong but I think Jack is having a conceptually different approach but he is also riding the high-frequency data and avoids the low-frequency underlying pattern enabling him to avoid general trend prediction, i.e. fall prey to the 'wrong' type of prediction do you use any wavelets? excellent idea! cheers
HI, gaidaros My model holds for horizon of the next trading day only. I calculate new turning points every day for the next session. I don't use wavelets. btw, who is Jack?