Watch for nearing of support trendline along with positive divergence.
- 4xQuad.com.
Komentar
TheChasm
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I don't understand the dead on hits? what is hitting dead on? I just see the price moving through those levels. Also why do you think will go up more? I believe we are at the end of our upward movement for now and are looking to find our next bottom tradingview.com/v/cH90Go92 and tradingview.com/v/etXIniC4
A "Dead-On Hit" is produced whenever a forecast level is hit:
1) At the tip-end of a candle (BEST) - Let's call it a " AT TIP"
2) At the closing of one candle to another (ACCEPTABLE) - let's call it a "AT TRANSITION"
Now, let's walk up each of the calls I made ahead of time, one at a time, using "TIP" and "TRANS." based on the definitions above.
The targets I offer my clients allow them to trade one 4-hour candle at a time. Some like to trade one candle, and if there is a viable target, I print it, they hit it. If the chart ceases to produce targets, such as was the case after Target #4, then I move on to another chart.
Some other traders like to look at the target because, even if some targets may be off by $5, $10 or $20 dollars (which is quite incredible considering that I provide an exact level far away, it allows them to remain with the anticipated trend, whether they want the target or not.
To show you how precise the forecasts are, simply look at the "Initial Forecast" price position of $735.00, and in 84 hours (21 candles), the first target get hit at its tip-top most level.
You are welcome to review my archives of Dead-On Hits, which cover Forex, Indices, Metals, Oil, Natural Gas - Pretty much anything that moves with a dollar sign pegged on it (or any currency for that matter).
To give you some background, I have been trading since 1997. While I spend most of my time in front of a price chart (26 Forex pairs, multiple metals, indices and other commodities), it's the number of actual "facetime" I have endured over the past several years, where I typically spend 16 to 18 hours charting and researching occult market geometries, running backtesting, teaching and charting.
The forecasts are not trying to be right. In fact, I have learned that my best trades are whenever I make no attempt whatsoever to be right. Instead, I try to be with the market. The market has a way to lead you to its next resting point, and I took the chance to do nothing else but be still, look and see beyond price actions.
My accuracy level is high, and that is because the market is accurate, and I decide to follow the market, not my "feelings", a common pothole.
Cheers,
David
PS: Here is the archive of my hits: bit.ly/16JMnH8/ . Also, feel free to rummage around my FB page: 4xQuad.com, and get some free forecasts (whenever I feel generous) by following me through Twitter (@4xForecaster).
I have recently volunteered to act as a MOD on TradingView.com, so between that, plus charting plus a fell-time ED job, I will do my best to answer any queries you might have about predictive analysis and market forecasting.
David
jelian1
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Great way to start the New Year!!! I appreciate what you do!! Cheers!
I don't really get it. Not trying to be rude, I just don't see what is special here and feel like maybe I am just missing something. I opened your chart and you are off by 5-20$ on most of the candles. I do the same thing drawing horizontal lines on my charts, its pretty easy to pick tops and bottoms going forward. It is basic TA, but your not even doing that you are just showing candles going through some price points and the wicks happen to fall near some previous levels established.... but if your method is making people money then good for you. Anyways I am mostly interested in why you think we will continue upward on BTC from here. I have been looking for good reasoning/arguement as to why we aren't going down; all my reasoning and charts is telling me will and I have yet to be convinced.
... This is literally several thousand pips just between now and last December 03rd, 2013, and I skipped a few examples.
I do not think you are being rude, but I am not sure I can offer you a better example when I call supports or resistance. In the BTCUSD, That first blue arrow shows that we were at $732.00 on December 30th. While some called it bullish and others called it bearish, we stepped foreward and gave it 1) a confirmed and committed direction (Bullish), and a precise level of completion (we called target = $814 on December 30th, it hit $818 after on January 03rd, or 3.5 days afterwards, and never closed above it until 8 candles afterwards ... That's a price holding at our target for another 32 hours). We hit the mark by less than $5.00 over a rather large period of time, giving the TV public a free target and hopefully income to those who acted upon it.
Let me know if you need more concrete examples. We just provided targets to our clients, over several hundred Pips off, just as we did in the Forex examples above. Outside of that, I am not sure how to demonstrate our unique methodology ... Price is not what we use by the way.
Appreciate the challenging query.
Sincerely,
David Alcindor | 4xQuad.com
Edgar_Flint
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You're pretty incredible at this! I've been watching your charts and they're brilliant