Time and Price Forecasting

Quoting Swede

Disliked

Today brings all traders back to the reality of what moves the market. Today you can post 250 different technical charts that mean absolutely nothing in the face of strong fundamentals. CPI can be a market mover no doubt, but 350 pips for cable? Wow! Pretty much proves GBP was oversold and just begging for an opportunity to rocket north for a change. iv loaded shorts from 1.1730 for the retrace but overall we might keep this day in mind to unwind our overall thirst for shorting anything related to USD fundamentals. Anyway, lots of pips to everyone....

Ignored

Quoting Swede

Disliked

Here is a blast from the past, Wolfe Waves. Don't see anyone using them in FF, but these patterns still alert the trader to some lucrative opportunities...Call them what you want, 3 pillars, 3 crows, 1-5 patterns, harmonics, whatever you wish, but they still represent a potential turn around area for certain.... Anyway, I was just looking over some very old posts I made when I used this method a lot...guess it's out of vogue to do so these days but thought I should post it for old times' sake. Who knows, someone may make a buck or two off the alert?...

Ignored

Quoting Steve666

Disliked

{quote} yes excellent catch… some WWer’s wait for a breach of point 3 to initiate trade or as confirmation and the vertical intersection of lines 1/3 and 2/4 with 1/4 as a timing point and/or a price objective.

Ignored

Quoting Swede

Disliked

With Banks in US and Canada closed today, the market will be very thin as London winds down...

Ignored

Quoting Steve666

Disliked

{quote} But the liquor stores in Ontario re-open at noon

Ignored

Quoting Swede

Disliked

Here is a blast from the past, Wolfe Waves. Don't see anyone using them in FF, but these patterns still alert the trader to some lucrative opportunities...Call them what you want, 3 pillars, 3 crows, 1-5 patterns, harmonics, whatever you wish, but they still represent a potential turn around area for certain.... Anyway, I was just looking over some very old posts I made when I used this method a lot...guess it's out of vogue to do so these days but thought I should post it for old times' sake. Who knows, someone may make a buck or two off the alert?...

Ignored

Quoting Swede

Disliked

{quote} After the drop to 1.17 area, it then turned around and rocketed 150 pips, stopping at 1.1850 or thereabouts. So what are to take from all this? First.....the last two days produced a 500 pip move which is unusual in itself. Second....the move was triggerred by US CPI, seemed like a releif rally, overblown and over bought. Third....the move on Friday, after a retrace, was during the NY session, with no banks or releated financial institutions particiating since Bank Holiday both in US and Canada. Fourth...looking at the chart posted below,...

Ignored

Quoting Swede

Disliked

{quote} After the drop to 1.17 area, it then turned around and rocketed 150 pips, stopping at 1.1850 or thereabouts. So what are to take from all this? First.....the last two days produced a 500 pip move which is unusual in itself. Second....the move was triggerred by US CPI, seemed like a releif rally, overblown and over bought. Third....the move on Friday, after a retrace, was during the NY session, with no banks or releated financial institutions particiating since Bank Holiday both in US and Canada. Fourth...looking at the chart posted below,...

Ignored

Quoting OAPDave

Disliked

{quote} {image}{image}

Ignored

Quoting Swede

Disliked

{quote} Did you notice the final 6 hours...price moved north 150 pips while volume tanked...that is what I mean by unreliable price levels during thin market...

Ignored

Quoting OAPDave

Disliked

{quote} Swede Gave up on volume many years ago Lets just pretend we have No Indicators We are only given Daily O H L C Daily Range Live Price How would we trade How and were would we set our Entry Stop loss Profit Target ps Just maybe the game as become Over Engineered Too many indicators Too many Timeframes {image}

Ignored

Quoting Swede

Disliked

{quote} Thats not what I meant, I don't trade volume either, it's not a reliable indicator during the sessions I trade....what I was trying to relate is when markets are closed, like the Bank Holiday in US, Canada and other parts of the world, and price still moves 150 pips, all the way up to 1.18540 area on very very low volume, means do not take the 1.18540 too serious, there could be a big correction coming on Monday, Tuesday, especially since Cable just enjoyed a 500 pip move north. So, while I do not trade volume, it can signal that we need...

Ignored

Quoting Swede

Disliked

{quote} Thats not what I meant, I don't trade volume either, it's not a reliable indicator during the sessions I trade....what I was trying to relate is when markets are closed, like the Bank Holiday in US, Canada and other parts of the world, and price still moves 150 pips, all the way up to 1.18540 area on very very low volume, means do not take the 1.18540 too serious, there could be a big correction coming on Monday, Tuesday, especially since Cable just enjoyed a 500 pip move north. So, while I do not trade volume, it can signal that we need...

Ignored