Quote from: bikefront on April 18, 2019, 06:07:06 PM

Quote from: Thekees on April 18, 2019, 05:44:55 PM

Today was another directional change on the USDCAD where the direction was given. An open above 1.33240 would mean a rally and it opened 1.33413 on my charts and it is now at 1.33832 so a decent move so far. A close above 1.33730 will mean a rally till the next turning point which seems to be Monday or Tuesday since they have the same aggregate bar high, they also have directional changes.

This is now 7/7 correct so far. You like being an active trader just check socrates every morning and place the trade according to the open (unless it is to close and your data differs from Socrates).

I wonder where these numbers come from. They don´t seem to be reversals nor are they the closing price of the day before, or pivot points, no idea.

Anyway 7/7 could still be just a streak, lets see how many in a row are correct. If anyone finds one let me know so we can keep track.

This is interesting! So your criteria is take only trades on open based on what Socrates says, eg an open above or below a certain number implies a directional forecast move.
How do you use the DCs or turning points here? I was under the impression that they appear to change and thus it would not be possible to hold overnight. Do you only trade intraday? Screenshots of the process and the Pro level would be nice too if possible. And yor mechanical criteria in using Socrates? Very interested in seeing how this goes.

The DC´s do change but these messages are given on the day itself. So today on the USDCAD it said there was a directional change and gave those numbers. Socrates does not usually give these numbers, it often just says something like, Potential of decline/rally etc.