Support, Resistance & Chart patterns

[KevinT]

Thanks for the monthly update

(Hi, bing boot)

[4xBones]

Slipshod, just want to say thanks for your highly valued posts here.

This thread has been a real eye opener for me.

[seanyd]

Great thread this is something i`ve been noticing in the markets , that trendlines can pinpoint highs and lows , what you think of this on the EU

[zentauro67]

Maybe, this crazy thing is a little bit out of topic.

I have been testing for a week an odd indi, the Fourier extrapolator. When I read this kind of sentence: "predicts future forex trends based on Fourier analysis" I almost laugh.

The worst thing of the history is that I´m beginning to respect Fourier forecasts. It looks absurd at the beggining, funny later, and day after day it makes you smile. One thing I have noticed is that he 'dances' very well with your SS-SR, they both make a fine couple. I drop some captures here just as a curiosity. You can see how Fourier moves between areas like a snake, avoiding proven and verified supports and resistances.

eurusd.jpg

gbpcad.jpg

Screenshot - 07_05_2013 , 20_26_43.jpg

usdjpy.jpg

[hilavoku]

Maybe, this crazy thing is a little bit out of topic.

I have been testing for a week an odd indi, the Fourier extrapolator. When I read this kind of sentence: "predicts future forex trends based on Fourier analysis" I almost laugh.

The worst thing of the history is that I´m beginning to respect Fourier forecasts. It looks absurd at the beggining, funny later, and day after day it makes you smile. One thing I have noticed is that he 'dances' very well with your SS-SR, they both make a fine couple. I drop some captures here just as a curiosity. You can see how Fourier moves between areas like a snake, avoiding proven and verified supports and resistances.]

Hi Zentauro,

do you have some trading results with the indi? Does it make sense to combine that indi with the own trading strategy? Is there a souce code available?


greetz
Guido

[zentauro67]

@hilavoku

Here is the indi:

fourier-extrapolator.mq4

It´s working better for me in 15 and 5 minutes tf. So, if you do scalping can try it in demo. Anyway, only PA, patterns and SR levels work in the long term.

[hilavoku]

Hi Zentauro,

thanks for the indi. Will examine the code and try it on some charts.

See you and thanks again
Guido

[slipshod]

I haven't posted anything here for a while, and thought this fascinating chart might prove interesting...

cT_cs_3006310_AUDNZD_2014-02-06_12-25-16.png

Edit: may as well post another chart while I'm at it. Where the above chart looks at analysis of past market action, this USDJPY concerns the market right now...

USDJPY 20140206.png

Final Edit: I posted the below chart of AUDCAD here in March last year:-

ac-20130315.gif

Time for an update:-

AUDCAD 20140206.gif

Yes indeed, the short trade called for by last year's pattern was worth a lazy 1000 pips, give or take. Comments & discussion are welcome as always.

[slipshod]

One more chart, GBPAUD...

GBPAUD 20140206.gif

EURAUD looks nearly identical.

[slipshod]

EURGBP looks interesting, though only for the patient. Daily first then two looks @ the weekly:-

EURGBP Daily 20140211.png

EURGBP Weekly1 20140211.png

EURGBP Weekly2 20140211.png