guys....where would be a good place to go to get free charting platform thats the best free one....? I'm creating charts off the Oanda platform and its not the easiest ....or best quality ,I should say. I just want to find a good chart to draw on....
I'll recast a cleaner trendline display soon,but for now I highlighted the places where the power lines,or energy lines have converged....this is the idea I'm working with....so far that seems to be the way the PA moves....along the way of the magnetic energy lines..... whichever lines carry the strongest magnetic energy is what pulls the PA in that direction....but ultimately the strongest magnetic energy power lines win the day and thats when the big movements happen....up or down.... in the present case, the strongest magnetic energies are down from the 1.60 top and all the previous highs....like snow falling from the mountain tops..... but the big green and yellow lines going upward are also strong magnetic power lines ,very old, coming from last august and beyond, and more recently from feb 7 and march 23 (look at those dates on a daily chart and see those power points) I draw major lines from these places to the present.....and they represent the magnetic energy 'upward'..... the power lines downward are all from the previous highs. when you draw the lines and see where they all converge....this point becomes what I'd call a power point....a place where the energy is pulled magnetically,like all the train tracks coming into grand central station. .... Look at the low for the april 17?18? day....that long tail that ends......if you draw lines through that point you will see Several tracks converging exactly right there !!.... This becomes a power point (my lingo).....and becomes a new grand central station from where to draw more lines....and I'm theorizing that any lines drawn from this point will have stronger magnetic energy for future PA directions..... if we look at PA from april 18 to the present, look and see where the rest of the 'convergance points' are .... and how many times PA stopped right at these convergence points in the lines,right along these track lines..... thats the idea about 'magnetic energy lines'...... and the more times a PA movement STOPS right at these convergence points the more it indicates that this particular line is a strong power line and would continue to be strong into the immediate future......AND.... when you then draw more lines from the past...from feb7 and march 23 and august 15 to the current power points....it adds to the magnetic energy of these power lines.... and convergence points. its as if the PA is magnetically drawn to these exact points along the line. This is what I'm seeing happen so far as I draw trend line webs..... So the white lines down (in my colorful chart) plus the red lines down are the train tracks . the blue points are marking the convergence points..... The Key Idea....is you must draw all the lines from as many tops and bottoms as you can....what I really want to say is ...you Must draw All the lines from All tops and bottoms....because if you miss an important power line it will cause your analysis to be off the mark by that much energy.... so if I am to be accurate with this analysis, it does require that you draw ALL lines from all tops and bottoms....and to be even more clear with it...might be useful to draw them from the middle of candlesticks as well, or experiment with drawing from open,close,high and low....etc.... but for now, I'm just drawing from tops and bottoms......and that would be all tops to all bottoms and all tops to all tops and bottoms to bottoms.....and a complete spider web like the one s I posted ....takes about an hour or two to craft. and then I eat the flys that fall into it....lol... well pips would be nice....thats the idea....(( let me be more clear about how I draw....one tip is that the Big Idea is to find the "Convergence Points" thats where the PA will go. so when you draw all the lines from tops to tops tops to bottoms and bottoms to bottoms...... do that first to LOOK AND SEE ....IF ....the line Goes Directly to a ....convergence point with other lines..... and if you eventually see that the line doesnt come to any grand central station with other lines..... then I would disregard that line as having little power in the present wave pattern.... (which isnt to say it might not have power later...so you could leave the line in and make it a thin line and make the stronger lines thicker) But the Main idea is to draw all the lines to see where they all converge....and when you find a spot where several lines converge..... that will be a big power point for PA to arrive there eventually ,somehow...and tha becomes the vision to see the big picture. and so far I think I'm on to something that works..... try doing it if you have the time .... you might see something interesting. Wgat Ive seen so far is total amazement that the PA moves Exactly to the convergence points..... its like a no brainer..... but in this case were not talking about one PA movement in a 5 minute move....were talking about the Whole Forex game..... the whole forest, the whole big ball of wax.....if it works like this.... I just started doing these trendlines like this.... so I cant say.... but heres one observation about PA direction...........you still always have to be careful....because the 'big boy/central bankers/money controllers'....when they decide to move the currency in a certain direction,I believe that they can achieve a change of direction ...is that fair to say?....and I believe they pulled the intervention strings on april 17, maybe also around april 12 or 13, but strongly on 17....... or april 18......because the previous two weeks PA and trendline drawing....showed very strong trend energy blasting up to and through 1.60 and on into 1.61 ...that would have occurred around april 18 to 20th. But instead what happened was a big drop down on the 18th ....which if you look at the daily chart up close....something "looks funny" about it . One thing I'm noticing that I think is Important in overall trend movement, the bigger bicture...like waves that take months to play out..... is the idea of ....abberations..... i.e. when you watch a trend, you see an energy flow that looks .....normal...it establishes a normal rhythem...like a heart beat or breathing in and out, like a action /reaction..... flows in a way that your minds eye can see ....looks normal....and follows the principle..what goes up must come down...etc.... has a certain balance to it when you look at it..... but Sometimes.... you see the big movement trends suddenly change into something else that .....doesnt look right....something seems odd about it..... (I use the example of the time period of last fall into the new year....back when PA was trending 144 to 148 up and down...ok... and then moved up to the 150 area....Then it went sky high up 152 and here is where the Abberation....happened....Kept going up to 156 and then up more to 159 before crashing down to 15350. when I looked at this action around 152....... my minds eye said....this is an Abberation....and somehow it means something perplexing that feels funny....something not right with this picture. Now ,after more experience with this understanding....I think the idea is that this was ....an abberation that the Euro blasted up to 159.....it "should "have dropped back from 152 to 150 and then up to 152 and then up to 154 then back to 152....something like that..... but I hadnt drawn trendlines yet....now after drawing all the major trendlines and even tracing them backwards to earlier times.... shows the existence of what I might call a Central magnetic energy power line.... and that line originated maybe as far back as oct 2006.... I saw something that looked like a place to examine there. and that central magnetic line....is a Magnetic Balance Line......what goes above it must come down and visa versa. and currently that line runs in the 1.52 area....!!! Thats why my mind's eye saw that the rush up to 1.59 was an abberation...... All the PA movements since (??) hats the date PA rose above 1.52.....are All a big wave UP above the central magnetic line.....and AT SOME POINT ....MUST ....come back down to the 1.52 area....and thats what is happening now. So I think I'm describing the action of a yearly wave..... and its entirely possible that the coming months could see the wave drop below the Mag Line...back to the 148/147/146 area....for a while and then will get pulled back up to 152 area again....until a new Magnetic wave is established. At some point ....trendline analysis like this....would show you when and what the New Magnetic wave point is and where the 'birthing point' is. but the way to find that would come from back drawing from convergence points and finding the one place where they all connect to. the most recent points that look like such a central line station point ....are feb7 and march 23...and prior to that the current PA moving toward the 1.52 area is connecting to the power point around august 15 ,2007... if you go there and draw fib fan lines as well as strait lines directly to obvious points, tops and bottoms.... the train tracks will take you right exactly to where we are now and this is the screen shot Ive posted here.
######################################################### my suggestion would be QUOTETRACKER. The basic version is free as far as I know. Have a look it's worth while and the help desk is said to be 1st class.
Quotetracker is good i like it but you need a Data feed. The only easy free one i know of is Metatrader. then past that some cheap good charting software is the one yoohoo and CF use its Prorealtime, its like $60/month. then moving up more its Metastock (not related to metatrader) its from Reuters this one has 800 banks feeding data and Reuters streaming news but its a hefty $180/month. these are the best i have seen.
Hi CF, I hope things are going well for you and your family / Parents. Do you post your results on a monthly or other time period? Not that you should have to and I am not trying to tell you what to do either. I looked for but did not see any so I thought I would ask. I think it would be interesting to see your sucess in terms that the simple guys like me can understand. : o ) Of course if you feel thats private information I would totally understand and of course I wish you the very best in trading regardless. Respectfully, Bob
EUR/USD is at very critical stage here. Monday (and/or next few days) could be very interesting indeed. What's that sound I hear in the loo? http://i28.tinypic.com/mjs32x.gif (EUR/USD Daily)
what charting software and/or Broker is that chart off of? iv seen them a few times but cant figure it out.
Hi 1R, Sure, no prob... As I started to post single trades, why not also post the monthly result... Didn't look the exact statement yet, but roughly speaking April not compounded return is around 170-180%... I wish every future month to be such too...