Hey guys, it's sunday at 2:40 and I'm a complete noob with forex so you can disreguard this post but for those who just want a little read, your welcome to read. My background, I have an mechanical engineering degree and thought it would be fun to do technical analysis with calculus / slope/ and newton-ralphson method. My analysis is from using a daily chart from 1.28 to August 2013. Also, I did all the math by hand and cannot send to you at this point. My assumption for my prediction for the next peak is that 1.3350 was the bottom of the peak from 1.3700 from June 27th. My prediction whether valid or not is that Eur/usd will go up between 60 pips to 80 pips with a safety factor of + or - 20% from 1.335. So Sell orders/ downtrend continuation will occur between 1.3398 at the lowest to the top at 1.3450 and if correct; can be looking for approximately 150 pip drop at 15%. As for me, Imma wait till the drop is confirmed then I'm shorting eur/usd and see how my prediction goes. My reason, I want to trade with the trend to increase my odds.
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Be hopeful in a winning position, and fearful in a losing position.
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