MQP PRESENTS - SCALPING DEVICE #1 for FX:XAUUSD by Binary_Forecasting_Service

MQP PRESENTS - SCALPING DEVICE #1

HEADER - In terms of scalping, I think this is the best settings for it. Let's see if it work a few times.

SUMMARY - This is what the scalping settings says. I am very ambivalent yet interested in how it perform bc it doesn't show up in IRL standards or otherwise.

DETAILS - None right now. I might watch this thing for next 12 hours to see how it got there. Please be aware that scalping charts only good for 12-16 hours. It would expire by Thursday New York close.

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NOTES 1 - In my experience:
1) what I've found to be true is that my regression methodology works IF AND ONLY IF
2) ... I watch the change all the time
3) since that's not possible, it implies that the only way forward is to demonstrate its use as a scalping device
4) scalping charts only have a 12-16 hour life AT THE MOST
5) so essentially speaking, you would need 2 for everyday market is open to be "updated"
6) again that's only something computing power can do
7) with that said, let's see if this is any good

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NOTES 2 - The red box:
1) in chart at top there is a red box
2) my read of the waves say it has to hit that red box 1811-1812 whether or not the other four black boxes hit
3) so that implies hitting them in order one by one

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NOTES 3 - First box:
1) it's 1:11 AM ET
2) first box is a bit too early, by 2-3 hours
3) rest looks fine from here

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NOTES 4 - SETUP BROKEN, END OF POST
1) it's 2:14 AM ET 1806.8
2) setup broken already, with exception of 1 hour 10 pt swing
3) not impossible, but odds less than 1/2, closer to 3/8 so I'm done with it

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NOTES 5 - 4:12 AM GOING NOWHERE AGAIN
1) having broken the setup, the swing back up should stall at red box
2) it's like a 1/4 version of what happened last night
3) the way it's twisting both ways, anything that moves in either direction 1% would reverse to 1800+/-5 until the regressions line up for a move
4) the way it sits now, 2-way limits for next 24 hours is 1802-1822
5) imho, not enough value to swing at again

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6) typo in 3) ... in either direction 1/2% (not 1%) would reverse to 1800+/-5....

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7) so previous draft for 'GOING NOWHERE' stands as is until 01/04, maybe 01/06.
8) that's a wrap for me, have a happy new year

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END OF POST. CONTINUE WITH PREVIOUS CHART HERE:

MQP PRESENTS - GOING NO WHERE FOR 1 WEEK AT LEAST

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END OF ALL PREVIOUS POSTS, HERE IS WHAT'S ON MY MIND FOR THURSDAY 12/29/2022:

Binary_Forecasting_Service

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MQP PRESENTS - GOING NO WHERE FOR 1 WEEK AT LEAST

by Binary_Forecasting_Service

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