honestly I've no idea why this drivel is even allowed. he's literally just copying and pasting shit from the web / user agreements lol.
MORE INSTRUCTION... . Tentative Protocol for New Junior Traders: Before the start of each new 24-hour market cycle, view the daily charts to determine whether each currency pair on your watchlist is bullish, bearish or neutral. For those pairs which evidence a bias in one direction or the other, monitor their hourly charts over the three trading sessions and note if and when candlesticks venture to the "far" side of the daily trend. Whenever and wherever this occurs, continue to monitor the hourly charts, noting if and/or when the intraday trend reverses direction to resume a course in sync with that of the day-to-day trend. At such times, determine the advisability of entering a position in the direction recommended by the two aligned measures. Example: Also, whenever volatility and liquidity are reaching peak levels, check the daily charts to ascertain whether any of the exchange rates have breached their projected daily price ranges. Whenever this situation exists, you will want to monitor the relevant pair(s) on a lower-time-frame chart for if and/or when the intraday trend reverses direction, maneuvering a mean reversion/regression toward the mean (the 24-hour baseline). If so, this is your signal to enter a position in the corresponding direction (if deemed appropriate). Example: Here's how things unfolded on the lower-time-frame chart... Moreover, if volatility/liquidity is high, watch for intraday breakouts on lower-time-frame charts, as conveyed by a refusal of the the faster moving averages to drop "behind" the "Battenberg" (or "mason wasp") moving average, poised above or below the "black cloud." Example: And finally, generally speaking, you will want to look for opportunities to enter positions as rates come out of pullbacks (conveyed by the faster moving averages) during those periods or intervals where the slope of the "black cloud" and the slope of the "Battenberg" or "mason wasp" moving averages are headed in the same direction.
MORE EDUCATION... . Anticipate rates encountering greater odds of reversing direction (if only temporarily) when the price anomaly channel oscillator in the lower panel makes contact with or "violates" the 2.6 or -2.6 level... Be prepared to lock in profits if already in a position during such times. (You can always reenter the position if and when the rate exits the pullback, to double up or compound on your returns.) If not already in a position, you might be tempted to scalp a few pips profit via counter trend trading for just a moment—but don't! Again, you are to never trade in a direction opposed to that of the 20-minute baseline, not to mention the slope of the hourly price range envelope (i.e., the "black cloud").
MORE EDUCATION... . Make sure recruits/candidates are aware that the standard and proprietary measure pictured below (on a five-minute chart) more-or-less agree on how far rates will typically deviate from the corresponding baseline the vast majority of the time. Of course, there is always the possibility that price will "ride" these boundaries (as they did at the very start) even for a good period of time; or even venture twice the distance beyond these channels/envelopes under the most extreme conditions...
Not everyone uses time-based charts, so your parameters are pointless. You have failed as a new prop-school. Stick to failed compounding journals. Go back to the binaries, that was entertaining at least.
MORE EDUCATION... . For the monthly price range on a daily chart, use the 20-day price range envelope at 2.50% deviation during moderate conditions, and at 5.50% deviation under the most extreme conditions.
For the weekly price range on a daily chart, use the three-day price range envelope at 2.70% deviation. (This measure is not adjusted for moderate and more extreme conditions.)
From two or three days ago... SAMPLE COMPREHENSIVE FORECAST/ANALYSIS (Example: AUDJPY) The Daily Charts: The "Direction Easy to See" daily chart configuration views AUDJPY's day-to-day trend as bullish. The "Monthly Price Range" daily chart portrays the overall monthly price flow as more-or-less neutral, beginning around the end of September, through October and November. The "Projected Day Range" forecast model reveals that, even though the day-to-day trend is bullish, the slower, longer-term outlook suggested by the four- to six-day bias is bearish. The "Two-week/Two-day" envelopes are also bearish. And finally, the "Weekly Tracer" model/chart anticipates that pressure on the daily trend to turn south will become increasingly significant from the 92.23 up to 93.50 level(s). The Four Hour Charts: The four-hour trend line has been neutral for the last 20 hours. However, the "Two-week/Two-day" forecast model at this more precise level finds the two-day baseline sloping upward, placing statistical support down at around the 92.72 to 91.50 region, with the weekly (i.e., five-day) measure looking relatively neutral. The "Wrong Side of a Sloping Day Range" model sees support just below the current price, at 94.00 continuing down to 93,15. (These numbers don't make sense. AUDJPY was not above 94.00 two or three days ago.) Support from the eight-hour baseline is also offered not far from that measure, at 94.10. (This too makes no sense. However, with a rising eight-hour baseline, one would have expected this pair to recover somewhat when price dropped below the eight-hour pullback level at 92.54 earlier today [Tuesday, December 13, 2013], and that is exactly what it did!) The 60-Minute Charts: The "Consensus Daily Measures on a 60-minute Chart" forecast model paints AUDJPY’s hourly price flow as neutral, waffling between the 93.88 and 94.40 levels during the last five or so hours. (Again, I'm not sure what dates and times I must have been looking at!) The Projected Day Range is hinting that the pair might just possibly be in the initial stages of an upward reversal in the daily trend. (All of this serves merely as a template for a comprehensive forecast/analysis, since none of the figures from the four- and one-hour charts are legit.)
The "Weekly Tracer" chart configuration (which defines the typical weekly price range) cannot be duplicated on lower time frame charts. Yet, anecdotal observations made with respect to this four-hour approximation suggests it might nonetheless be useful in timing entries and exits based on the more accurate but less detailed measures stemming from the higher-time-framed source material. The "4-Hour TWO-WEEK TWO-DAY ENVELOPES" configuration is also very prescriptive. So is "Wrong Side of a Sloping Day Range."