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- Fun Trader replied Mar 12, 2007
Nzdusd m5 — 08:20 Next candle closed @ 0.6933 This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzdusd M5 — 08:15 CET Next candle closed @ 0.6935 This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzdusd M5 — 08:10 CET Next candle closed @ 0.6933 This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
8:05 CET Next candle closed @ 0.6931 This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
08:00 CET Next candle closed @ 0.6931. This is a negative TLB Block image
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
08:00 CET Next candle closed @ 0.6931. This is a negative TLB Block
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Next candle closed at 0.6933. This is nether higher than 0.6937 nor lower than 0.6933. So it's not a vlid candle. we draw nothing
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
candle closed at 0.6937 This is the first positive TLB Block
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
In order to underestand better I start drawing online TLB chart for NZDUSD M5. last candle close is 0.6933
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Dear NipthePips Thank you for your try, but I did not underestand why you draw the chart in this way. Anyway I begin with coloring your numbers: 1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 ...
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Please do the same exercise for the last 50 GBPUSD Daily candles ( I mean drawing 3LB chart using Excel )
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Oh dear Nipthepips We have a misunderestanding about the order of the prices. If you refer to GBPUSD H1, these are the last 13 candle closes (before market open)
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Drawing TLB chart needs for a beginning reference point which in my example was 1.9285. -In the moment that the price is 1.9302 we have a rise so we should draw a positive block. -One hour later, the price is 1.9308 and we have another rise so we ...
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Up to now, I have tried to teach 3LB charting system and this is just an entry point to the method, I'm going to introduce here: "Free from Predictions, Blieves and Forecasts" Please do the same exercise for last 50 GBPUSD Daily candles. I want to ...
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
The next line is white if the close passes the last white line's close.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Thank you howard I think each trading strategy needs it's own phsychology. Traders who select to trade using TLB Method should be patient. I will talk in this about later.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Exercise — These are last 13 closing prices of GBPUSD H1: (based on FiboGroup prices) 1.9285 1.9301 1.9308 1.9314 1.9319 1.9302 1.9309 1.9318 1.9315 1.9326 1.9329 1.9314 1.9320 Please draw 3LB Chart using Excel.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 11, 2007
Line Break charts are always based on closing prices. The general rules for calculating a Line Break chart are: If the current closing price exceeds the previous line's closed price, a new white line is drawn. If the current closing price falls ...
Free from Prediction and Forcast Method (3LB)