#2 SEEING BOTH SIDES PRIOR TO TAKING ACTION- Mandelbrot Set
Do you see? Almost complete balance. There are times when imbalance will be evident, especially during volatile events, such news or politics. Now that you see both sides, how would you trade it? Use price action/patterns, Fibonacci or any other system of identification or measurement, that gives you reason to take the trade.
If there is imbalance, for a moment the price may move in the same direction, or as one peaks, the other will range prior to a rally in either direction. Study this pattern, resize the image while back testing. You will be amazed.
So, you realize that you are looking at two currencies headed in two different directions clearly now?
LOOK AT THE EURO (EXY) FIRST, THEN THE USD (DXY), THEN DECIDE ON YOUR ACTION.
(eurusd/dxy will also work)
To see them clearly, you need to view them separately. Placing them on one chart here on Tradingview is easy. Simple use the compare feature.
To see an unrelated pair such us BXY and JXY, You will not see balance. Only pairs or products that are related will have the highest reliability of conformity to the Mandelbrot set pattern. Manipulated products will not have conformity.
If there is imbalance, for a moment the price may move in the same direction, or as one peaks, the other will range prior to a rally in either direction. Study this pattern, resize the image while back testing. You will be amazed.
So, you realize that you are looking at two currencies headed in two different directions clearly now?
LOOK AT THE EURO (EXY) FIRST, THEN THE USD (DXY), THEN DECIDE ON YOUR ACTION.
(eurusd/dxy will also work)
To see them clearly, you need to view them separately. Placing them on one chart here on Tradingview is easy. Simple use the compare feature.
To see an unrelated pair such us BXY and JXY, You will not see balance. Only pairs or products that are related will have the highest reliability of conformity to the Mandelbrot set pattern. Manipulated products will not have conformity.