Thanks for correcting me. I must be having a senior moment. I know the correct terminology but have been looking at the wrong spelling since posting and it did not even register. Old age, bad eyes.
EA Backtesting and Curve Fitting Concern 2 replies
Trade the Curve 5 replies
Can you "Curve-Fit" six years of data? 7 replies
Learning Curve 2 replies
DislikedThanks for correcting me. I must be having a senior moment. I know the correct terminology but have been looking at the wrong spelling since posting and it did not even register. Old age, bad eyes.Ignored
DislikedTo me this junction is where the money is made or lost. It was logical to assume a move up for the month. Now it is difficult to hold long. The logical brain says ... "we are up 160 points on the day, there is no way I should hold on and ask for more from mother market".
I do not think we have seen the top of the next range extension yet. Maybe we have, but I think it will come closer to 1.5829. This is another 150 points higher or so. Many weak holders will exit expecting the Asian session to retrace. My bet is 1.5635 will hold the downside into the coming sessions.
In any case, once we find a new curve to work, we can make some decisions. Any close in the NA session above 1.5694 would be very bullish, but it looks like it will be hard to get there at this point.
I am hesitant to say this for fear of being called a bigger quack than I am, but I follow synodic cycles very closely. Today there was a full moon and while you may think it foolish, that is why we had a move. Always shakes the market. The key is to watch for a continuation or all out reversal at these cycles. If we continue up, then longs into the next cycle are favored by me. Many times these cycles provide an all out reversal of sentiment. You could say that the Euro has been headed down recently, but has the current synodic cycle reversed this as the moon is at it's farthest distance from the Earth and pulling on our emotions with great force. Time will tell. Look out your window and you can trade reliably. Don't you find it interesting that all the big moves occurred on May 20 so far. Oil, Gold, Euro, SP. ITS THE MOON of course.Ignored
So I stay long until I have a reason to exit. It could occur within the next hour, but for now I remain long looking for 5820/35.
DislikedUSDJPY Price Distribution
Seems there are a few interested in the JPY.
http://www.morrisfunds.com/storage/f...05.21.2008.PNGIgnored
DislikedCould you please add your comments? There are people in both long and short camps.Ignored
DislikedSterling is at a favorable value for decision making.
I am looking to set longs or shorts to the next level. I would favor longs up towards ADV but it could go either way.
Longs would enter around 9627 and target 9732.
Shorts would enter at 9627 for a move back down to 9508.
http://www.morrisfunds.com/storage/f...05.21.2008.PNGIgnored