please accept my apologies for my long absence. Some stuff to do, including moving to another Country!
From June to now I have made only few posts on my blog which you can find here: www.elitefive.wordpress.com
Some very good news, though, also on the trading side of things on which I will bore you later in this thread.
This post officially reopens the thread and I will continue the work started, according to the objectives stated in the very first pages of the thread.
Hope you are still there and still interested.
I have not posted on Forex Factory in the last few months neither I have on FXStreet.com for which I am a contributor. What better occasion to remind what I do as a trader and analyst and what is my edge?
New readers, who do not know my work, please be advised that that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price. Such effects observed and studied in years of full time trading, allow me to spot the algorithmic trading footprints on price. This offers a huge advantage. I have also designed a timing technique called FibStalking (short for Fibonacci Stalking), based on the presence of Program Trading on the smaller timeframes (4 hour, 15min, 5min, 1min and TICK) that allows to procedurally test levels of support and resistance, increasing reliability of entries to 80% or over.
The rules I use to trace the entry, related stop levels, and 1st and 2nd targets provide an analysis relatively easy to follow that has been providing exceptional results. The color code I use in my charts is briefly explained in this one pager (can find it on my blog).
Just a quick reminder of my background for those who do not know me: B.Comp.S. Eng and a M.Fin, CTA (certified technical analyst) and aligned to SIAT/IFTA (International Federation of Technical Analyst). I am a part time trader and active researcher of trading methods and published a few research papers with SIAT/IFTA in 2012 and 2013.
I have just published on my blog at: http://elitefive.wordpress.com/2013/...glish-language the video of a Past S&P 500 emini futures Update published on June 6th, 2013.
It contains a great example of how the entry and exit levels are respected by the S&P500 emini and how Program Trading acts on price both on the daily and the weekly timeframes. Program Trading on the major markets (major forex pairs, equity indices futures, commodities futures, high volume stocks) is a powerful force that, in absence of external “disturbances” like Central Banks decisions, major economic hits or economy up/down turns, planned news announcements and HFT (High Frequency Trading), controls the market.
Thankfully these “disturbances” are present and affect the markets only few days every month. Moreover, some of these external forces only affect the lower timeframes, from 4 hours (or 240 mins) downwards. Thus I avoid trading on these timeframes during specific days or just trade out of larger timeframes and I am better off.
This leaves me and you with a very effective, little known edge that can be used at our advantage.
Check my blog for the video: http://elitefive.wordpress.com/2013/...glish-language
Till the next post.
Have a great eve.
Regards,,,
~FibStalker