finex

NICE WORK JUICYT. i think i have the original version of the formula and the caution in applying it. by the author from Russia which i translated to English.

 

PREDICTION OF DAYTIME Price Range (DAILY RANGE PROJECTIONS)

In the early eighties I was regularly performed on television in the program of financial news before the opening of the trading day and announced forecasts of price ranges for different markets. The formula below is an improved version of the one I used to calculate the predicted values at the time. This - the fruit of many hours of research, its interpretation is extremely important to determine the short-term price movements.

My research has shown that tomorrow's price range is determined by the interrelation of the closing price of the current day and the opening price of the current day. Between these price points are three possible relations:

1. Today's closing price is less than today's opening price;

2. Today's closing price of today's more than the opening price;

3. Today's closing price is equal to today's opening price.

If you have the attitude 1, then I use the following formula to predict tomorrow's price range:

(The current maximum + minimum + present today's closing price today + minimum) / 2 = X

Projected tomorrow max = X - today at least

Projected at least tomorrow = X - currently a maximum

If you have the attitude 2, I somewhat alter the formula:

(The current maximum + minimum + today's closing price today + max) / 2 = X

Projected tomorrow max = X - today at least

Projected at least tomorrow = X - currently a maximum

If you have the relationship 3, then I make the following changes to the formula:

(The current maximum + minimum + today's closing price + today's closing price) / 2 = X

Projected tomorrow max = X - today at least

Projected at least tomorrow = X - currently a maximum

These values - the starting point for the analysis of price movements the next day. I recommend using these quantities as follows: if the opening price is within the projected price range, then the day trader should expect that resistance level would be to mark the projected maximum, and the level of support - to mark the projected minimum. But, more importantly, if the opening price is outside the projected price range (higher than the projected maximum or below the projected minimum), this means that there was a significant imbalance between supply and demand and short-term trend will continue in the direction of the breakout. In this case, trevdera playing on short-term changes in prices, there are two possibilities:

1. Ignore the projected price range of options for a given day;

2. Adjust the settings range by moving the projected value of the minimum price slightly below the projected maximum price (if there was a break up) or placing the value of the projected maximum slightly above the projected minimum (if there was a break down).

Practical application of this formula still gave enough good results, because it allows you to set realistic parameters for the subsequent evolution of prices of the day. Nevertheless, I can not guarantee that this formula will continue to work as effectively.

 

high-------maximum

low -------minimum

 

 

This is something that I was waiting for. Many thank you.

ok so here u have it with the possibility to back test....

 

for other time frames ....what other time frames?

 

http://www.mirrorcreator.com/files/Q7VLBC66/High_Low_prediction_Past_0.mq4_links

 

 

Nice Job!! Thanks a lot. Now I have a better view to see how the formular works. It seems that the accuracy of the prediction is not good. Maybe I don't know how to read the prediction. lol...

 

No, it is not time frame. It is about time range, such as GMT 0 (open) to GMT 23:59 (close) or GMT 5 (open) to GMT 4:59 (close) . How about 8 hours prediction instead of whole 24 hours? What is the best time range do you think we should apply this prediction? I don't know and wanted to experiment. hmmm,,, can you make the indicator that allows the user to input the open and close time? Thank you.

The logic is in the first post in the image attached... I suppose the levels are very good risk/reward entry points. . . still the rules for defining which entry should we take.... i could code an ea that puts pending orders at those levels, but what tp...what sl.... and also trend definition.... need more info

 

haha... That's right. The logic is in the image if you can read and understand the meaning of formula. Sorry for my poor english. I just wanted to hear a story how the formula was made. I think I need more info just like you. Thank you.

There you go, still it is showing todays`s prediction....

 

http://www.mirrorcreator.com/files/0JUNSHP6/High_Low_prediction.mq4_links

 

Hello MichyMouse: Thank you so much for the indicator. It looks great. I really appreciate that. I really want to spend more time playing with the indicator but I have no coding knowledge. Could you please add three more options?

 

First one is time adjustment. Unlike stock market, FX runs for 24 hours. So, is it possible to input the open and close time by the user?

 

Second options is something about back testing. I would like to see how the calculation works for the previous day, previous 2 days, previous 3 days, and so on. I would be nice if the user can input number of days that the indicator paint.

 

Third one is for someone who just wants a clean chart. Right now the indicator paints two long long lines. I don't know how to explain it... lol Anyway, it would be great if the line's start time is the previous day's close time.

 

If it is difficult to add all the above options in one indicator, you can make three more indicators. Many many thank you in advance.

Could anyone with coding skills take a look at the picture/formula and make an indicator that calculates and shows the calculations. This is an old formula for next day stock predictions but it looks alright on any chart. I would love to play around with it as I think it works basically on most high time frame charts reasonably accurate.

 

http://www.mediafire.com/i/?96etynd7k9ln0ym

 

Thanks

 

Hello juicyt. Thank you for opening the thread. I looked at the calculation and tried to figure it out, but I have no idea. Is is possible to learn what is the logic behind the calculation? Many thank you.

I apologize. The rapidshare link is down, and I honestly did not see the other links under the ad. I honestly don't know how I missed it, but I'm on a laptop with a small screen...

 

Again, I apologize for the confusion.

 

And a big thanks to the uploader!

 

 

Previously I had the same experience. hehe... By the way, I am glad that you are able to download the part 3.

Part 3 is dead, can anyone please reupload? I have been searching everywhere for this course.

 

Thanks in advance!

 

Hello Lornz: Just before I tested the original links. I believe that part 3 link is still alive. Did you try to download with megaupload? Hope this helps.

Yes Freddy, this was what I'm looking for but when I put it on the chart, nothing appeared...even after I changed the backround and changed the indicator inputs? Maybe it needs incoming data to update and now is past weekly market close (Friday Night). I'll take a closer look Sunday.

 

In the meantime, if anyone has another of same or similar, please post it. Thanks!

 

 

Hello diesel10 and freddy. I am not freddy but would like to leave a note for diesel10. Try to change the line width to 5. In my case the indicator painted one fractal arrow after changing the width. However, I don't know about the definition of all the variables. Have a great weekend.

TradeStation is designed to only be used with TradeStation's own data feed. Basically they want you to be a brokerage client and if you trade sufficient volume (100 contracts a month I believe) they'll give you the platform & data for free. If not, they charge you.

 

You can be a software & data customer only. I used to do this about 6 years ago when I started trading. It costs about $250 per month now though. The OwnData software helps get around the TradeStation only data feed problem, but if you bought a new copy of that it would set you back thousands of dollars too - for most people the cracked copy is the only way. I personally use TS 8.7 (cracked) and an eSignal feed through OwnData 2.7 and it works beautifully and has a minimal effect on PC resources for my 5 year old PC.

 

All that said, TradeStation has just been bought out by by Japanese brokerage Monex and there has been some rumour Monex wish to re-align TradeStation so that it is more accessible to lower-tier retail forex clients. Basically I suspect Monex are seeing the money all the MT4 brokers are harvesting from retail punters and they want some of the action by offering a 'superior' platform..

 

http://finance.yahoo.com/news/TradeStation-Group-to-be-pz-3729028292.html?x=0&.v=1

 

Thank you for the useful information. I use omega research tradestation 2000i. Seems that switiching to a different version could solve my problem. I will try TS 8.7 as your advice. Thank you.

Thank you for the great shares. I have a question regarding tradestation software. I know this is off topic but hope that someone is giving me some advice. My computer runs slowly and I think it is because of using cracked software. Does anyone know where to buy real tradestation software? Used one is also fine. I tried to search on the interet but couldn't fine someone selling the software.

"Ah, got burned. Damn" It was the last words william, the former moderator, left.

 

A lossing trade is sad but personally it's funny and makes me smile because reputational former moderator suddenly disappeared with words "Ah, got burned. Damn."

 

I learned a lot from his posting, especailly subject about "Weekly EurUsd Psychology & Sentiment Analysis." By the way, I didn't find where he got the data from but the subject itself gives me an idea that I can do intraday trade with weekly analysis. And I don't trade everyday as william mention in other thread. Reducing number of excutions save money especially for beginner like me...

 

Anyway, does anyone know any news for william?

 

Hope that he is being well.

 

 

 

P.S: You can find william's last post here:

 

http://indo-investasi.com/showthread.php/6163-EURusd-Sunday-Apr-25th-2010?p=69960#post69960

Hello all:

 

What for are you guys fighting?

 

I don't believe that most of us come here because of just fun or reputation. We are all struggle for making better trading and come here because we learn something from each other.

 

Fighting each other doesn't help for your trading performance.

 

If Aroman did bad behaviors in other thread opened by other member, that would be problem. However, I believe he didn't do so. He've been participating only in the threads opened himself.

 

Frankly, I don't know about spy stuff. However, if there is anyone who is not interested in Aroman's thread because of various reasons, please simply go away from his thread.

 

There could be some members who need aroman and his contribution.

 

And hope that Aroman read the freddy's post above and learn something...

 

Have all you guys good weekend.

 

P.S. Aroman, could you please remove the password? If there is no one bothering you, there is no reason for protecting file. Thank you.

Hi guedesjunior: Thank you so much for sharing the indicators.

And what type of calculatio is better? ( using the settle or the change) the true author of this calculation use the settle, i use the change. Test and see the better.

 

Frankly, I don't have knowledge about the true difference between settle price and change price. I looked at several days' data for euro. One thing I found is that change prices are near the psychological level (00 or 50). The increment is 50 pips which guedesjunior already mentioned in the previous post. I used settle price before but feels that change price is better.

 

To guedesjunior: Thank you for the pictures. I got better understanding how to trade with the power level. I like your inside bar and pettern indicators. Can you share them to us? Thank you in advance.

 

By the way, the chang price colume is H for call and P for put in the excel sheet.

k, but what are the rules?

 

Hello musketeer: Thank you for bring up the question. I also was curious to know what the rules are.

Once this is done, from which column is the correct data to be taken? I can't read the russian on the spreadsheet and so can't tell which column to take the new data from?

 

Hello huuu:

 

I am sharing how I got the power level from the excel sheet.

 

1. I don't know russian either. So what I did was to translate the russian to english by using google translator. copy and paste one by one.

 

2. Once you translate it correctly, look at settle colume. It is currently yp_6 (light blue colored colume. There is yellow highlighted box) Can you find it?

 

* If you don't want to translate it, just use the light blue columes (They are colume I for call and Q for put).

 

3. In the light blue colume find the closest price to the current price. By the way, the open interest columes are C for call and K for put.

 

I believe that you know the rest of the process. Right?

 

Hope this helps.

Hi newbie111

 

If you search for my posts you would find I have shared software with over $6000 but after a while I found some smart members start to play silly.

 

I have decided not to share anymore for now till I see this forum will have a bit of decent members, there are many act assholes and never knew how much they would miss out when I stop sharing.

 

There are a big shares of software I have just one of them is over $16000 and I personally using all tools I have and make very big profit.

 

What to do man, keep what I have and let loosers live in regret.

 

I hope what I have shared on this forum will be useful for good members and for bad members let them burn in the deep forex :)

 

Respect you newbie111

 

AroMan

 

 

Hello AroMan:

 

How was your weekend? I was waiting to hear your manual trading method as you promised us in the last posting... By the way, I am sorry to hear that you had bad feeling because of some members. Please have a big heart.

 

I believe that there are many more good, respectful members who are willing to be with you. And in my humble opinion your participation and thoughts are more precious and priceless. Sharing software is a bonus...

 

Hope to see your thoughtful words and gifts again... Thank you

I found my problem. My problem was date. By default the program gives me year 2010. I changed it to 2011 and was able to get the data.

 

I applied the data to the excel sheet without any problem.

 

I got EURUSD level as the below. (date: 04-19-2011)

 

open level: 1.4363 (It's GMT0 level in my MT4)

current level: 1.4392

 

call put

1.4318 1.4285

1.4365 1.4332

1.4413 1.438

1.4509 1.4473

 

Please, correct me if I got wrong levels.

 

And I think that there is no monthly open interest because it is daily settlements.

 

Is the monthly open interest important for this method? If so, can anyone know where to get monthly open interest?

 

Thank you

Hi every one, Im back with some news. I find in a russian site a guy who sold this options levels method for 800 usd. WTF? But you know guys, i always find for free. Its a excel spreadsheet, just copy of CMEloader dailystatament and paste at the bottom under the old. If someone need help.

 

http://www.multiupload.com/ZZE5KR18A3

 

Hello guedesjunior25:

 

Thank you so much for introducing option levels. I really enjoyed reading all of your posts in this thread. Thank you for keeping this thread alive.

 

I tried to use the CMEloader but it keeps saying no data. And it seems that it's not working.

 

I visited to the +home website to get the settlement but they say that "Terminate support service Daily Settlements Programme and Daily Settlements Loader (DS Loader), she also previously CME Loader" according to google translator.

 

I am curious to know where and how you get the levels and apply them to the excel sheets without CMEloader.

 

Thank you.

Hello AroMan: Thanks so much for your open mind and the useful information. I really appreciate that. Looking forward to see you soon. Have a good day...

It is not very safe to do the above, I have try it already unsuccessful.

 

I use a different method is to HIDE your TP & SL.

 

I trade manually so as soon as the trade in profit I place positive TP that means your broker can not turn the trade against you but you have to have the manual trading skills which I am sure you have.

 

All Expert advisors are the real enemy more than your broker and the market, pickup the best EA and I will show you it will blow up your account.

 

Go slow and stable in your trades, increase your lot size as you feel comfortable and safe.

 

There is no such a way to put EA and go to the beach relaxing since EA running on your live account will be taking your relax away.

 

All traders using EA they are not a traders but a big dreamers and ask all of them they will be having their a** stick to the seat watching the screen while puking up their nose as they are picking up their losses.

 

If you need a help with manual trading I can advice, PM if you want.

 

Be a good trader make successful trades then shut down your computer then go to the beach, have fun and come back to do more safe trades, learn when to enter the market and when to leave it.

 

Greed is good is perfect is sweet but learn to listen to your own voice when you need to ignore the greed. and you will end up with very good big profit and will spend it happy.

 

Respect you girl

 

AroMan

 

 

Hello AroMan:

 

Thank you for your sharing and meaningful thoughts. I enjoyed reading your writing in this thread although I don't need MT4 IB bridge because I don't have an IB account. Hope that your project is going well.

 

I am also a manual trader and struggle for being a profitable trader.

 

I am wondering if you can share your manual trading experiences to all of traders here in this forum. I don't have PM function but want to get your advice. I think there are others who want the same.

 

I believe that it would be harder than sharing trading tools... Please take your time and share something whenever you have spare time. How about opening another thread for AroMan's manual trading advice?

 

Once again thank you.

His nick name is Candlemaster. Unfortunately you can't find goole or any website. Because he is Korean and only access for Korean. Language is Korean too. As I mentioned this system that's all. My purpose is when he done (his system and tutorial) just sharing. Nothing. It's not a advertising. When he makes book and tutorial, I'll buy and share.

 

Hello ntynammo: Thank you for your kind response. I really appreciate that. Okay I understood. Looking forward to see his system in the near future. Have a good weekend...

Hey~ hyperdimension. The statments not a fake. Because when he trade he broadcast his some members and with explanation. He is changing his trading style to swing. So he did not trading frequently now. He didn't tell anyone investor account login. Because there are many account copier programs. It's 2011 Apr history.

http://www.megaupload.com/?d=1LYD8GBH

To hermanhess..I am still learnning..

 

 

Hello ntynamoo:

 

I read your posts in this thread and curious to know who he is.

 

Can you tell us somthing more about the trader that you mentioned? For example, his name or where we can get the broadcast, etc... I would like to do research on his system on the internet.

 

So far you brought only an account history and some chart pictures. And you posted another trading history.

 

What is your purpose of opening this thread? discussing a trader's account history or sharing a trader's system or advertising a mysterious trader?

 

Please forgive me if you feel uncomfortable. My intention is not discouraging you. Thank you for posting.

Hello f451: Thank you for sharing. And I also thank you toddanderson for opening the thread.

Hello gelan: Thank you for sharing.