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  • #7,281
  • Jul 16, 2024 12:37am Jul 16, 2024 12:37am
Quoting birdland
so today GU is high possibility of a shortday
Obviously
  • #7,282
  • Jul 16, 2024 1:27am Jul 16, 2024 1:27am
Quoting minhtri
{quote} {image} {image}
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  • #7,283
  • Jul 16, 2024 1:44am Jul 16, 2024 1:44am
Added to shorts on EJ 172.71
Its all just one persons opinion
  • #7,284
  • Jul 16, 2024 1:59am Jul 16, 2024 1:59am
Quoting minhtri
DXY {hình ảnh} {hình ảnh}
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  • #7,285
  • Jul 16, 2024 2:03am Jul 16, 2024 2:03am
Quoting axecap
Added to shorts on EJ 172.71
I like it, price is correcting overbought D1, next few days should drop more.

I do trade all classical patterns, please post them when you see fit.
Tks.
We watch the charts from every angle so you don't have to!!
  • #7,286
  • Jul 16, 2024 2:14am Jul 16, 2024 2:14am
Quoting minhtri
GU {hình ảnh} {hình ảnh} {hình ảnh}
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  • #7,287
  • Jul 16, 2024 2:14am Jul 16, 2024 2:14am
EU
Extensions done, we are left with H1 pattern.
Let's see if it works.
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We watch the charts from every angle so you don't have to!!
  • #7,288
  • Jul 16, 2024 2:18am Jul 16, 2024 2:18am
Gold
Pattern is working so far, remember that breaking of this one will bring 2495-2500
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We watch the charts from every angle so you don't have to!!
  • #7,289
  • Jul 16, 2024 2:24am Jul 16, 2024 2:24am
Quoting pedro319
Gold Pattern is working so far, remember that breaking of this one will bring 2495-2500 {image}
I feel that it will break soon.
  • #7,290
  • Jul 16, 2024 2:26am Jul 16, 2024 2:26am
Quoting pedro319
Gold Pattern is working so far, remember that breaking of this one will bring 2495-2500 {image}
cautiously long and a few shorts. watching carefully.
Its all just one persons opinion
  • #7,291
  • Jul 16, 2024 2:31am Jul 16, 2024 2:31am
Dixie will be challenging macd signal line again, that could become short against Usd signal
Agrees with EU H&S.
We watch the charts from every angle so you don't have to!!
  • #7,292
  • Jul 16, 2024 2:35am Jul 16, 2024 2:35am
Quoting axecap
Added to shorts on EJ 172.71
same
I only follow traders with IQ above 160
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  • #7,293
  • Jul 16, 2024 2:51am Jul 16, 2024 2:51am
Quoting pedro319
Dixie will be challenging macd signal line again, that could become short against Usd signal Agrees with EU H&S.
GBPUSD H&S could form as well
Its all just one persons opinion
  • #7,294
  • Jul 16, 2024 2:58am Jul 16, 2024 2:58am
Quoting minhtri
{quote} {image} {image} {image}
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  • #7,295
  • Jul 16, 2024 3:52am Jul 16, 2024 3:52am
3.4 The Predictability of Exchange Rates There is an enormous literature documenting the difficulties of predicting exchange rates using structural or time series models (Frankel and Rose, 1995). In this section, we ask the foreign exchange traders themselves how predictable they believe exchange rates are. This is an interesting question because presumably the traders themselves have a larger information set than the typical econometrician who has access only to macro data available intermittently, and to selected financial variables such as interest rates and stock prices at high frequencies. We asked traders to rate the degree of predictability at three horizons – intraday, medium run (up to six months) and long run (over six months). In Figure 4, a rating of 1 indicates no predictability, while a rating of 5 indicates high predictability. Perhaps not surprisingly, at the intraday frequency, exchange rates are viewed as essentially unpredictable. 62% give ratings of 1 or 2. The modal response is a 2 rating. Only 11% give ratings of 4 or 5. As the horizon moves to the medium and long run, the modal response becomes a rating of 3. Interestingly, the distinction of medium- and long-run does not seem to matter for the traders’ views on predictability. 30% of traders rate medium-run predictability as a 4 or 5, and 35% view predictability at the long-run similarly.11 The question why this pattern obtains remains a key puzzle in international finance. As pointed out by Flood and Rose (1995), among many others, floating exchange rates are far more variable than the 12 Menkhoff (1998) examines various hypotheses concerning the differential behavior of fundamentalists and noise traders, using a survey tailored specifically toward this purpose. 9 observable macro determinants such as money stocks, interest and inflation rates. The most persuasive explanations have been rooted in microstructural explanations, such as Osler (1998). Osler presents a model wherein random shocks are translated into near random walk behavior of the exchange rate by the activities of noise traders (De Long, et al., 1990). Apparently, exchange rates are perceived to be more predictable in the medium and long terms. However, dealers in general hold an open position for very short periods. In fact, in most cases, dealers close out their daily positions before leaving offices. Given their views on predictability, why doesn’t a typical dealer maintain an open position for a long period? Two observations are in order. First, the change in perceived predictability is not large in magnitude. The modal response increases from 2 for the intraday horizon to 3 in the medium to long run. Second, respondents do not view predictability and low variability as synonymous. The traders realistically attach a higher level of risk to a longer-term open position. Indeed, the position limit (both daytime and overnight) is an mechanism for the banks to control the exposure to a level the management feels comfortable with (also, see Goodhart, 1988).
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chaos is just unknown order
  • #7,296
  • Jul 16, 2024 4:31am Jul 16, 2024 4:31am
[quote=pedro319;14932620]Gold Pattern is working so far, remember that breaking of this one will bring 2495-2500

At what price does this butterfly turn into a caterpillar?
Its all just one persons opinion
  • #7,297
  • Jul 16, 2024 5:12am Jul 16, 2024 5:12am
[quote=axecap;14932733]
Quoting pedro319
Gold Pattern is working so far, remember that breaking of this one will bring 2495-2500 At what price does this butterfly turn into a caterpillar?
The levels are on the chart, the blue lines are the extensions, once price moves them it's over.
The H1 bfly pattern did provide 38.2 bounce, this looks like continuation to the D1 targets
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  • #7,298
  • Jul 16, 2024 5:14am Jul 16, 2024 5:14am
Gold
H4 AB=CD
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  • #7,299
  • Jul 16, 2024 5:16am Jul 16, 2024 5:16am
Closed my gold longs at the trend line, will see what happens next.

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Its all just one persons opinion
  • #7,300
  • Jul 16, 2024 5:17am Jul 16, 2024 5:17am
[quote=pedro319;14932766]
Quoting axecap
{quote} The levels are on the chart, the blue lines are the extensions, once price moves them it's over. The H1 bfly pattern did provide 38.2 bounce, this looks like continuation to the D1 targets {image}
How are you playing it? Are you long now? Waiting for levels to be reached to short? To me, 2450/2460 looks like a possible top. If that goes, 2500 seems reachable.
Observation is the path to discovery.
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