nice result...
JPY + 36 pips
GU + 35 pips
CHF + 38 pips
an agree... forget gbp/jpy.....
JPY + 36 pips
GU + 35 pips
CHF + 38 pips
an agree... forget gbp/jpy.....
Simplicity your Life
- #1,443
- Sep 26, 2006 11:05am Sep 26, 2006 11:05am
In addition to the previous post, demand and supply trends form a good indication of the price movement.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o
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When demand and supply trends cross, different scenarios can be viewed as follow:<o
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Zone A : price is at this zone is consolidation stage where ranging do happen. If the price between two trends are quite far apart, then price ranging can occur many times until the trend price differences narrow down to less than 50 pips take as an example. The trends are not fixed as they will adjust by the trader on every H4. The slope of the trend also determines the price movement, the higher anger of the slope toward vertical line the better chances of the price direction confirmation once its break the trend. The trend with close to horizontal line is either oversold/overbought for supply/demand trend, hence any break through on the opposite trend line or price escalating toward the opposite trend will likely have big projected profit. A good example to EURUSD happen on 25<SUP>th</SUP> Sep.
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Zone B: Price at this zone is when price above both trends. The price is likely to reach the projected profit on the long trade. A new trend pattern can change the situation quickly within a day, so it is good to have one good long trade only but no swing trade. AUDUSD is another example happen on 25<SUP>th</SUP> Sep.
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Zone C: Price in this zone is the most noisy zone as there is no clear direction of the price until a new set of trend is formed. It is also good to know such zone so that its about time to relax and wait for the clearer picture.
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Zone D: The opposite of Zone B where short trade is recommended. EURJPY is another example on 25tth Sep. Somehow for zone B and D, the wider anger on both trend, the lesser project profit for which I can’t explain to it.
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For any chart where there is only one trend which may signal the price is in swing direction in accordance to the trend direction. But it is also good to catch the profit along the ranging direction.
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For any currency pairs relate to JPY, the pattern and trend is more uncertain due to too much noise interruption, hence I will not try to trade any one of them if possible.
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Finally the above explanation is my own observation which does not base on any scientific research or mathematic theory but purely using Mouteki strategy and other indicator to form the conclusion. You can use it on the backtest or forward test where you can feel the direction of the trend. I will not reply any comment on how I derive it or how I come to such conclusion.<o
