cmellon,

so you are not actually using the matrix function, it just happens to be on in the background of the graph? because the point 1 in blue is in a different position to that in the S&P500 template so you have had a go at trying to adjust/use the cycles function? Is it useful to you and have you found that the higher cycle Highs are sometimes Low and visa versa?

These are some of the problems I am having with it so I wouldappreciate you input. If this is too offtopic for this thread then I can PM you if you like.

Cheo

not strong enough to reach 200, it going down

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Stochastic Secret

Hi Cheo,

I posted the GBP solution a while ago, not sure if you have a chance to see it or not. I decided to take it off since it's slightly off topic in this forum. If you haven't seen it, PM me.

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Cmellon,



OK thanks got it.
Anyway thanks for the info. It will help me compair my count when I do it myself. Two aspects I find confusing about the matrix function is What happens when there is an inversion, does the number (4) of MC3 above the graph suddenly represent the low? and the other way round.
It seems not to know which way round as I sometimes see the market up high on MC3 when in fact the matrix function says its low, confusing.

Also, the minus numbers like -279 and 217 in MC3 are confusing. or is that because MC3 and 4 share the same 4 year cycle thus some of the mc3 points come before the cycle begins?

Cheo

cmellon,

i added you as friend but still cant PM for some reason. did you add me?

Inversion can only happen at either side of ITD 1 / MTD 1 / LTD 1.
Attached is a picture of the difference between normal, inversion, and double inversion. Let's say this picture is Delta ITd, and ITD 12 high is supposed to be due on April 1, ITD 1 low is supposed to be due on May 1, and ITD 2 high is supposed to be due on June 1

Normal (No Inversion): Happened as above

Inversion:
ITD 12 high due on April 1. Then instead of going to make ITD 1 low due on May 1, it stops in the middle and move up, making ITD 1 as a high instead due on May 1. ITD 12 in this case inverts. Then it moves lower to ITD 2 low, due on June 1.

Double Inversion:
ITD 12 high due on April 1. It moves lower, stops in the middle and move up, making ITD 1 as a high instead. ITD 12 therefore inverts. Then it moves lower to ITD 2 low, but stops in the middle and inverts, making ITD 2 high due on June 1.

Review your training materials again if you are still confused. This is discussed in details.

Number + or - in the DT editor is just the average position relative to the vertical delta line. For example, a -10 MC1 point 1 means it's -10 days before the red vertical ITD line. You don't have to use this. You can just count Delta normally and not use this editor function.

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Cmellon,

Thanks, I knew about inversions but, its was interesting to see the double inversion diagram I had not seen before.
The inversion issure i had was regarding what happens to the matrix cycle point likes in all 4 cycles. see in the attacted pic. assume these Highs points are correct for one full cycle, then there is an inversion... so now the red 9,11 and 1 should flip over and be along the bottom along with the black15
But they dont seem so. I may be wrong but sometimes it looks like they High points are in fact low points, going by the graph.

Attached Images

 

That matrix cycle picture WILL NOT flip automatically if we have an inversion. This matrix editor and function also DO NOT automate the Delta count. We still have to do the count ourselves and make judgment.

The matrix cycle picture is just helping to visualize in the future where it most likely turns. We could still visualize without having to have that matrix cycle function too by just using the Delta vertical lines, but the matrix function makes it easier.

I'll PM you so you could talk to me if you still have questions.

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looks like gbp made good support at 1.5 and i am long 1.5 tp 153 sl 14980.. i am just imagining by looking at gbp usd graph that this 15150 high would be a shoullder . and this bullish move may form a head ( new high ) then another shoulder and tehn maybe a move down . lol just imagining

here some picture of support resistance level GbpUsd

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History Level GBPUSD

.

Cheers for the Stochastic Secret herman.
I had a brief look. Great stuff!
I pdf'd it and will soak it in :-]

Anyone,

Is there somewhere I can obtain free historical gbpusd end of day data going back decades, ascii format?

I usually use yahoo finance but its not there for gbpusd, though you can get dow and s&p500 data fine.
Also intraday going back 5-10 years would be useful.

Thanks

Thanks for your help

Where can I get historic gbpusd EOD daily data going back decades? I usually use yahoo.finance but it does not have downloadable currency data unlike for the S&P and Dow.
Also, any sources of intraday going back a few years woudl be useful. Thanks

here is my level chart



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History Level GBPUSD

Can i buy this pair above 1.5165 with targets at 1.5295??

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