GBP/USD Updated with I-CHING Methode

If it can be 75% correct, that's excellent. Anybody else has monitored the forecast and done a statistical accuracy?

04/30 - I earned 44 pips betwen 1pm and 7pm (Jakarta time)- thats good enough for me.

OK, let me follow Doris's forecast. So far still in a hole. Would like to see it going down under 1.98. Will see if it happens.

Well, we are all curious about this 'black box' whatever it might be (tarot, variation of black scholes options pricing model etc.) and it's Doris Halim's free choice to tell more about it or not. Nobody is forced to follow it.

I'm watching this thread since the beginning of April 08 and did make for a few days also a kind of statistical analyses (just like a bookkeeper) posted here,too. But then I stopped it's too time consuming and have other things to do as well. I'm not earning my money with postings.

My observation was/is:

- I'm using her forecast just to get the trend in the morning. Although the precise time frames (hours and minutes) are very suggestive to watch the clock and then you go quickly long or short.
It doesn't quite work like that and some time frames occur hours later but as long as you have the right trend + your stop loss protection you are always on the safe side.

- far above average forecasts for the morning/noon session -London session
(let's say 75-80 % to have a figure). I always protects it by stop loss.
We all know: there is a risk in trading.

- relatively often wrong in the late afternoon session - American session
and very often towards the end of the trading day
(60 % and less).

I have no real explanation of that and it's just an observation. It might have to do with more trend stable markets during the London session and usually higher volatilies in the American session.
Living in Europe it's easy to watch/trade both sessions or you don't trade the American session at all (except you love high volalities which has got some advantages, too, of course).

Personally I'm more conservative and I'm trading more the morning/noon timeframe and usually between +20 - 50 pips (it's enough for me; I'm not greedy).

For this reason Doris Halim's forecasts are perfect for me as an additional tool to make a decision in the morning.
Nobody expects the holy grail and 100% right all the time but 75-80% is alright for me.
[if someone knows the 100%-method please drop me a line :-) ]
These are my ideas/obversations to give you a help how to use it at best.
Therefore her forecasts are an interesting support in my decisions and I don't want to miss it.

"Although the precise time frames (hours and minutes) are very suggestive to watch the clock and then you go quickly long or short.
It doesn't quite work like that and some time frames occur hours later but as long as you have the right trend + your stop loss protection you are always on the safe side."

Looks like happened.

good morning to all traders:

GBP 02/5 daily range is 1.9655--1.9845 today the price after goes up,then it will some decline again.

DORIS HALIM
FINDEXINFO
JAKARTA INDONESIA

Yeap, it sure did. But today Doris's forecast is very simple with not details. Wonder if he/she is on holiday.

Hi, Please also provide the details about your forecast, it is still good but you know we used to get the detail of your analysis every day.
Thanks much,
Alqaz.

Long 1.9800 - 1.9873

Good morning all !

@ awol:
what do you mean with your comment "Long 1.9800 - 1.9873" ?
Is this your personal strategy since it doesn't really correspond with
Doris' forecast for today:

GBP 02/5 daily range is 1.9655--1.9845 today the price after goes up,then it will some decline again.

(and just for the statistics: she is right again. GBP/USD moved up this morning from ~1.9733 to 1.9826 @ 8.38 am GMT/London at time of writing)!

I'm a bit confused. Could you clarify it.

btw for Doris Halim:
I'm NOT against the individual times frames per day altough I'm not using it in on this hourly/minute basis but more as a trend indicator for the trading day as already explained here.

Can I find Doris's forecast for gbpusd somewhere on the website? She didn't post the details with timeframe as she usually does.

hello all!

@ scyang: I never ever found her GBP-USD forecasts on her website.
I think it's just posted here as cordiality to see how it works.

And she definitely has other things to do beyond postings as we all have our lives.

It was a good week with her forecasts. I made very good money. Thank you very much.

good morning to all traders:

GBP 05/5 7:02am current price is run at 1.9740,then it seem the price will goes up to 1.9745--1.9765 at early morning,then it will decline to 1.9710--1.9735 at 9:05--11:02am,then it will side way within the range 1.9725--1.9758 at the noon time,then it will decline to 1.9649--1.9675 at 1:45--6:05pm,then we expect the price will goes up to 1.9762--1.9785/higher at 6:15--10:05pm.

DORIS HALIM
FINDEXINFO TEAM
JAKARTA INDONESIA

it is good if you can attach doris's prediction with your OP. Perhaps you can share us what is your suggested OP in relate to Doris's prediction?

Good morning Doris Halim and all!

@ Tiger2008:
well, it's just 6.30 am London/12.30 pm Jakarta time
and GBP/USD is running ~ 1.9760. Still pretty quiet at this time.

Looking at Doris' prediction for today - Monday it's basically a downtrend.
Thus going short @ 1,9760 with a 40 pip stop loss (1.9800).

If the downtrend forecasted is correct
( should decline to ~1.9649--1.9675) I'll close it somewhere in between.
Actually I would not wait till that level but closing at about 1.9700/10 or so.
A profit of 50 or 60 pips is sufficient. I'm not greedy.

If for any reason (political disturbances, major big news etc.) the price explodes to the skies I immediately would close it (at latest by the stop loss) whatever the forecasts might be. Thus always watching the news!

good luck.

@ Rainer,
looking at today's holiday in UK, do you still convince that gu will have the "normal" volatility? in my opinion, it will be kiind of "silent" for today.

Sombody just informed me that London is the largest forex market in the world. Its being closed today will definitely have huge bearing on the behavior of the price movements today. It might be very irradical and arbitrary, not following the normal price trend according to charts.

hello,
well today (Monday) we have two big countries/players with holiday:
- UK: May Day Bank Holiday
- Japan: Greenery Day Observed (expansion of the Golden Week)
Therefore it's most probably going to be somewhat arbitrary as sycang is rightly saying with thinner markets and thus even more 'dangerous'.

[we just had a similiar situation with Euro-USD on 1st May (= Labour Day) where almost entire Europe had closed--> Euro-USD went 100 pips down just like a stone in the morning].

But I am just strictly following Doris' forecast (still a blackbox :-) ) --->
which was/is....
"then it will side way within the range 1.9725--1.9758 at the noon time
(we just had 1.97831 as interim high and thus still ok with 23 pips higher)
,then it will decline to 1.9649--1.9675 at 1:45--6:05pm :

well, we'll see how it works out. The decision occurs most probably when the US session opens in 3 1/2 hours giving then the new (down?) direction.

Since obviously nobody knows the methodolody behind it including myself (except Doris, of course) you have the simple choice to follow or not.

btw: right now 1.9742 (9:32 am London time) and a bit on the way down.

Using Doris's analysis to backup my plan, I made 50+ on GBP/USD today.
Sell 1.9775 TP 1.9723

Thanks Doris.
Also thanks to Rainer for the explanation as to how Doris's analysis should be used to support our own plan.

Peace