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Attachments: Upcoming Price Action
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Upcoming Price Action

  • Post #1
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  • First Post: Jan 22, 2022 10:33pm Jan 22, 2022 10:33pm
  •  ohyeah
  • | Joined Apr 2016 | Status: Member | 250 Posts
The most important thing is to determine something with consistency. Whatever that something is doesn't matter because we can always adapt our strategy for it.

I "discovered" something that seems to identify a certain price action consistently for about a 24 hour period that follows so basically it's useful for intraday trading.

I created this thread to see if others are already doing the same and this is nothing new. You don't have to tell how you do it, just tell on which day, (1) which pairs (2) which time frame (3) which price action, trend, choppy, etc.

I'll get it started with an example, Monday January 24, 2022:

AUDCHF
AUDJPY
EURGBP
EURNZD
EURCAD
GBPNZD

M1, Choppy

The only rule for the thread is not to provide opinions, or start creating stories, or what your neighbor thinks. We're looking for something that you believe you're able to determine consistently 100% of the time or at least 99% or better and just simply identify it as I did with the above example.
  • Post #2
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  • Jan 22, 2022 11:48pm Jan 22, 2022 11:48pm
  •  K40
  • | Joined Apr 2009 | Status: Member | 187 Posts
100 % to 90 % Oooyeahh ... I am In ...
 
 
  • Post #3
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  • Jan 23, 2022 1:19am Jan 23, 2022 1:19am
  •  FourBarsBack
  • | Joined Nov 2021 | Status: Member | 89 Posts
So your forecasting the above pairs will trade choppy on the 1min chart on Monday. What does choppy mean in this instance ?
Focus on what DIDN'T happen
 
 
  • Post #4
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  • Jan 23, 2022 2:14am Jan 23, 2022 2:14am
  •  ohyeah
  • | Joined Apr 2016 | Status: Member | 250 Posts
Quoting FourBarsBack
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So your forecasting the above pairs will trade choppy on the 1min chart on Monday. What does choppy mean in this instance ?
Ignored
Choppy on M1 means something like this. There might be an upward or downward bias but I haven't determined any bias with the same consistency.
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  • Post #5
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  • Jan 23, 2022 4:04am Jan 23, 2022 4:04am
  •  maztrader
  • | Joined Jul 2021 | Status: M7 | 11 Posts
USDCAD looks very bullish, but it will drop down to October lows, be ready
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Don't let the markets play your way out
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  • Post #6
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  • Jan 23, 2022 11:29am Jan 23, 2022 11:29am
  •  edisohofx
  • | Joined Jan 2022 | Status: Member | 2 Posts
AUDJPY has high chance of going down this week.
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  • Post #7
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  • Last Post: Jan 23, 2022 12:06pm Jan 23, 2022 12:06pm
  •  pipibrasci
  • Joined May 2021 | Status: Member | 521 Posts
Quoting edisohofx
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AUDJPY has high chance of going down this week. {image}
Ignored
Hopefully, its gonna be a battle btw CHF,EUR,JPY,USD vs AUD,NZD,GBP.CAD.

If these either 4 currencies go against the other 4, then its a good sign of the currency market in good rhythm (reset). In this case one news from one of the 4 currencies could be a catalyst for the other 3 to follow either way then correlation trading will be sweet once more. Although these happen from time to time.
Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
 
 
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