Calculating Expected High and Low

[echelon4x]

Nightcat,

Good to see you here - it does sounds like a real mixed bag you've got there, though I've encountered a lot of very successful traders who opt for the multiple indicators approach so there must be something in it - as you say it can all become a bit much - however it would be possible in theory to merge them all together with a bit of work into a mega-indicator - that would be an interesting little project.

Squares of squares is a technique I've been meaning to have a closer look at, it's interesting also that you've mentioned Delta - something else on my "to check out" list.

Flatfish,
They're novel DM Pivots - where did you find them ? The thing that made me think about expected high and low just recently was reading part of Perry Kaufman's book "New Trading Systems & Methods" - where he mentions DM levels, though uses the same formulas as DeltaGuy.

cbpetro,
I've checked out your site - haven't looked closely at the projected values yet, though I will do. It's interesting to hear that you only use your NN projections in 25% of your trading decisions. There's so much hype about NNs that I've previously been given the impression that they can do pretty much anything - then you talk to the guys who program them and they say "what do you want it to do ? - You need to have a concept which you want to use before you can "train" your NN to use it in the best way" - Hmmm. If I knew the perfect concept already I wouldn't need an NN - strange stuff indeed.

JR97,
Confluence is a very relevant point - where weekly fib levels meet daily fib levels etc. you get can some very strong support and resistance indeed.

In searching for something completely different last night I stumbled across this article (coincidence or what?) - I've heard of Market Profile before, but it's never been of interest to me trading forex because it relies on volumes, however J-chart is something totally "out of the box" - I think that 7thSignalTrader will be able to relate to this article in more ways than one.

http://www.investopedia.com/printabl.../04/060204.asp

Has anyone used J-chart ?

[JR97]

Originally Posted by echelon4x

In searching for something completely different last night I stumbled across this article (coincidence or what?) - I've heard of Market Profile before, but it's never been of interest to me trading forex because it relies on volumes, however J-chart is something totally "out of the box" - I think that 7thSignalTrader will be able to relate to this article in more ways than one.

http://www.investopedia.com/printabl.../04/060204.asp

Has anyone used J-chart ?

The concept behind Market Profile is one of the foundations of my system. It's basically a bell curve and I represent it in my own custom charting. Even if you don't use the Market Profile type chart, the concept is very powerful indeed. Well worth studying up on.

[echelon4x]

JR97,

That's interesting to hear - as I mentioned I never really looked into Market Profile before because I assumed it was volume-based from reading discrete snippets about it here and there - which mentioned volumes a lot.

I've just checked that article I posted and now see that both methods are actually substitutes for a volume based indicator.

It's great to hear that you've had a good success using Market Profile and I'll certainly look into it more - thanks for the recommendation !

[DeltaGuy]

The classic Market Profile is created with time based brackets only. Volume was introduced later. For FX you can use ticks as proxies for volume if you want to use volume.

[flatfish]

I picked those Hi/Lo projections up sometime ago doing a google search. not sure if there any more accurrate or not than you formulas you have, but I use camarilla pivots a lot more for finding potential highs.

[echelon4x]

Thanks flatfish - I'll surf around on Google and see if I can track them down and any reasoning behind them.

Camarillas are on my list of various pivots to test too - I'll end up with so many soon they'll cover every possible price lol !

I've just found what looks like a definitive guide to Market Profile (it's quite big so will take a while to load up in Acrobat):

http://www.cbot.com/cbot/docs/handbook.pdf

(edit: just realised it's what you get when you click on the "Market Profile" link in the original article I posted).

This is a comprehensive doc. on the Jchart method:

http://www.j-chart.at/downloads/JChart_global_guide.pdf