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EURUSD forecast & market Sentiment

  • #1
  • First Post: Jan 24, 2009 3:22am Jan 24, 2009 3:22am
Hi everyone!

I have made the decision to continue the thread about EURUSD forecasts. This time we will use the EURUSD Sentiment Indicator (EDSI) to determine the trading direction for next day.

The rules to use it: if EDSI is green we have to hold the buying position, if red - selling one, if white - no trade.

This is the calculation to Monday. I will describe some its details further.
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  • #2
  • Jan 24, 2009 3:37am Jan 24, 2009 3:37am
будет падать
ROBOT FOREX
  • #3
  • Jan 24, 2009 3:42am Jan 24, 2009 3:42am
Quoting Forbes55
будет падать
Will see
  • #4
  • Jan 24, 2009 3:43am Jan 24, 2009 3:43am
Quoting Aleksey
Hi everyone!

I have made the decision to continue the thread about EURUSD forecasts. This time we will use the EURUSD Sentiment Indicator (EDSI) to determine the trading direction for next day.

The rules to use it: if EDSI is green we have to hold the buying position, if red - selling one, if white - no trade.

This is the calculation to Monday. I will describe some its details further.
How do you calculate EDSI??
  • #5
  • Edited 5:14pm Jan 24, 2009 4:21pm | Edited 5:14pm
Quoting hellkkas
How do you calculate EDSI??
Its main destination is the determining of the composite sentiment of ten main groups on the FOREX market to trade the EURUSD pair. It is made by using calculations for 19 currency cross on the basis of the math model. The used instruments are: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, USDHKD, USDZAR, USDSGD, EURGBP, EURJPY, EURCHF, EURCAD, EURAUD, EURNZD, EURHKD, EURZAR, EURSGD.

It will be published soon but for now I just offer to have a look at real-time results so let's look how it works and produces forecasts
  • #6
  • Jan 24, 2009 5:08pm Jan 24, 2009 5:08pm
It's very interesting investigation!
Will see if it really works.
  • #7
  • Jan 24, 2009 5:22pm Jan 24, 2009 5:22pm
Quoting Rico_Gonza
It's very interesting investigation!
Will see if it really works.
We need at least three months to obtain a minimal forecast statistics. I will try to maintain the thread during that time.
  • #8
  • Jan 24, 2009 5:47pm Jan 24, 2009 5:47pm
based on your chart and rules, and looking at EURUSD chart itself (checking the daily bias) i don't see any use of that indicator....you could as well blindinly guess the sentiment...maybe i am missing something though...more explanation would be nice...
  • #9
  • Edited 7:28pm Jan 24, 2009 6:03pm | Edited 7:28pm
Quoting lumesh
based on your chart and rules, and looking at EURUSD chart itself (checking the daily bias) i don't see any use of that indicator....you could as well blindinly guess the sentiment...maybe i am missing something though...more explanation would be nice...
EDSI forecasts the market Sentiment but not the Price of EURUSD, it allows as to trade by the most probable way. If we trade in the Price we in fact trade in after effects of the market Sentiment. However if we trade in the market Sentiment we will stay on one step ahead.
  • #10
  • Jan 24, 2009 7:14pm Jan 24, 2009 7:14pm
Looks like RSI but I am curious and will be following thread.
History is written by the victors.
  • #11
  • Jan 24, 2009 9:26pm Jan 24, 2009 9:26pm
Quoting Money-RX
Looks like RSI but I am curious and will be following thread.
RSI is the simple linear indicator but EDSI is complex nonlinear one
  • #12
  • Jan 24, 2009 9:32pm Jan 24, 2009 9:32pm
Quoting Forbes55
будет падать
= It will fall.
  • #13
  • Jan 25, 2009 4:56am Jan 25, 2009 4:56am
Quoting Aleksey
EDSI forecasts the market Sentiment but not the Price of EURUSD, it allows as to trade by the most probable way. If we trade in the Price we in fact trade in after effects of the market Sentiment. However if we trade in the market Sentiment we will stay on one step ahead.

no, i understand


what i did was just looked at the charts and when your sentiment suggested long i looked if EURUSD really went up too...that was what i wanted to compare....but if you provide charts in the future will see...
  • #14
  • Jan 26, 2009 3:12am Jan 26, 2009 3:12am
Dear Moderators please put my thread back to "Interactive trading"...
  • #15
  • Last Post: Edited Jan 27, 2009 2:08am Jan 26, 2009 2:59pm | Edited Jan 27, 2009 2:08am
We can see that thanks to sensitivity of the method we were able to forecast an exact point to initiate a position. It was a good example to show EDSI in force.

This folder is low-visiting so I would not want to write for myself. Sorry, the thread is closed, Good luck, Aleksey.
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