It says GBP USD.
I am sorry... had the wrong Topic it is EURUSD on that one...
- #99,722
- Edited 3:20am May 23, 2009 2:53am | Edited 3:20am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
The following is the type of report that my FF distribution list received on Thursday in preparation for Friday's trading; it blends AI predictions driven by intermarket relationships augmented by the good ole technical analysis, Elliot wave...basically the appropriate method to augment the relevant AI predictions. There are no fees or ulterior motives except that I'm on a journey between now to the end of this year and I'd like a few passengers. If you want to be in the list then PM me and I'll include you but I won't be adding anyone else after the end of next week:
The predicted High and Low for the 22nd are:
P_High: 1.4071
P_Low: 1.3753
The predicted High and Low for the 24th (very tentative) are:
P_High: 1.3961
P_Low: 1.3852
The above seems to indicate that 22nd will be an up day but by Sunday/Monday more indecision will be entiring the market. (higher low and lower high)
Logical Placement - P_High: 1.4071
@ If you look on the daily chart you will see that the P_High sits at an area of strong resistence. Directional battles have occur at this location in October 2007, September 2008 & December 2008.
Logical placement upheld.
@ 4 Hour chart:
Cal1: If we accept that 1.28862 to 1.33001 is Elliot Wave 0 to Wave 1 then
- (1.33001 - 1.28862) = 0.04139
- 0.04139 * 1.618 = 0.06697
- 0.06697 + 1.33001 = 1.39698
Cal2: If we accept 1.29659 to 1.34411 is Elliot Wave 2 to wave 3 then
- (1.34411 - 1.28862 wave 0) = 0.05549
- 0.05549 * 0.618 = 0.03429
- 1.34411 + .03429 = 1.37840
Likely market reversal between 1.37840 to 1.39698
Logical placement tentatively upheld.
Logical Placement - P_Low: 1.3753
@ Daily chart: The high of 08/01/2009 was at 1.38023. That was the key area that the price had to bust before moving onto to higher highs. It tried to bust it several time and finally did it yesterday. The high of the 09/01/2009 was 1.37537 another area that has served as strong support and resistence for the last (well folks the last 15 years!). The P_Low is just below this area.
P_Low: Logical placement upheld.
@ 1 Hour chart:
Arrows pitch folk; point a = 1.34210, point b = 1.36559 & point c = 1.35821.
The lower track is 1.37671 (given the current price).
P_Low: Logical placement upheld.
Thus the logic of the AI forecast (which has performed a cross correlation against all the major Index, FX, oil and Gold) has been verified. Significant breaches of the given levels (others can provide further guidance) can be traded as breakouts, otherwise long at PLow & short at P_high.
6:00am-10am GMT
This forecast is 42 minutes old. (we all must sleep afterall
)
P_High: 1.3941
P_Low: 1.3894
4 HOUR FORECAST: 10-14:00 gmt
P_High: 1.3992
P_Low: 1.3913
4 hour Forecast - 14:00-16:00 GMT PH: 1.4011
PL: 1.3960
The predicted High and Low for the 22nd are:
P_High: 1.4071
P_Low: 1.3753
The predicted High and Low for the 24th (very tentative) are:
P_High: 1.3961
P_Low: 1.3852
The above seems to indicate that 22nd will be an up day but by Sunday/Monday more indecision will be entiring the market. (higher low and lower high)
Logical Placement - P_High: 1.4071
@ If you look on the daily chart you will see that the P_High sits at an area of strong resistence. Directional battles have occur at this location in October 2007, September 2008 & December 2008.
Logical placement upheld.
@ 4 Hour chart:
Cal1: If we accept that 1.28862 to 1.33001 is Elliot Wave 0 to Wave 1 then
- (1.33001 - 1.28862) = 0.04139
- 0.04139 * 1.618 = 0.06697
- 0.06697 + 1.33001 = 1.39698
Cal2: If we accept 1.29659 to 1.34411 is Elliot Wave 2 to wave 3 then
- (1.34411 - 1.28862 wave 0) = 0.05549
- 0.05549 * 0.618 = 0.03429
- 1.34411 + .03429 = 1.37840
Likely market reversal between 1.37840 to 1.39698
Logical placement tentatively upheld.
Logical Placement - P_Low: 1.3753
@ Daily chart: The high of 08/01/2009 was at 1.38023. That was the key area that the price had to bust before moving onto to higher highs. It tried to bust it several time and finally did it yesterday. The high of the 09/01/2009 was 1.37537 another area that has served as strong support and resistence for the last (well folks the last 15 years!). The P_Low is just below this area.
P_Low: Logical placement upheld.
@ 1 Hour chart:
Arrows pitch folk; point a = 1.34210, point b = 1.36559 & point c = 1.35821.
The lower track is 1.37671 (given the current price).
P_Low: Logical placement upheld.
Thus the logic of the AI forecast (which has performed a cross correlation against all the major Index, FX, oil and Gold) has been verified. Significant breaches of the given levels (others can provide further guidance) can be traded as breakouts, otherwise long at PLow & short at P_high.
6:00am-10am GMT
This forecast is 42 minutes old. (we all must sleep afterall
)P_High: 1.3941
P_Low: 1.3894
4 HOUR FORECAST: 10-14:00 gmt
P_High: 1.3992
P_Low: 1.3913
4 hour Forecast - 14:00-16:00 GMT PH: 1.4011
PL: 1.3960
- #99,723
- May 23, 2009 4:04am May 23, 2009 4:04am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
I just heard on Fox "News" that USA will go bankrupt in 2010.
So maybe we're heading for ehhh, not 1.4500, not 1.6000, but ..... ehhh maybe 2 dollars per euro? or maybe 3? Or more?
I think it was this idiot, Sean Hannity, he thinks he knows everything but he's just a failed college drop-out.
Wouldn't it be funny? USA filing for Chapter 11 bankruptcy protection?
I don't think that's going to happen.
Sleep well.
So maybe we're heading for ehhh, not 1.4500, not 1.6000, but ..... ehhh maybe 2 dollars per euro? or maybe 3? Or more?
I think it was this idiot, Sean Hannity, he thinks he knows everything but he's just a failed college drop-out.
Wouldn't it be funny? USA filing for Chapter 11 bankruptcy protection?
I don't think that's going to happen.
Sleep well.
New voice message: Why are you calling me? If I need you, I'll call you!
- #99,725
- May 23, 2009 5:26am May 23, 2009 5:26am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
You have a typo here.
It isn't a typo. Surely it would have been quicker to open a chart.
Or aren't you used to traders going back that far to confirm levels?
- #99,726
- May 23, 2009 5:29am May 23, 2009 5:29am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
I just heard on Fox "News" that USA will go bankrupt in 2010.
So maybe we're heading for ehhh, not 1.4500, not 1.6000, but ..... ehhh maybe 2 dollars per euro? or maybe 3? Or more?
I think it was this idiot, Sean Hannity, he thinks he knows everything but he's just a failed college drop-out.
Wouldn't it be funny? USA filing for Chapter 11 bankruptcy protection?
I don't think that's going to happen.
Sleep well.
Anway, I'd better go and pay my other half some attention. She is starting to get jealous of FF.
- #99,728
- May 23, 2009 5:33am May 23, 2009 5:33am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
i dont think US can ever go bankrupt...
- #99,729
- Edited 6:33am May 23, 2009 6:06am | Edited 6:33am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
- #99,730
- May 23, 2009 6:09am May 23, 2009 6:09am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
[quote=notch;2752460]The following is the type of report that my FF distribution list received on Thursday in preparation for Friday's trading; it blends AI predictions driven by intermarket relationships augmented by the good ole technical analysis, Elliot wave...basically the appropriate method to augment the relevant AI predictions. There are no fees or ulterior motives except that I'm on a journey between now to the end of this year and I'd like a few passengers. If you want to be in the list then PM me and I'll include you but I won't be adding anyone else after the end of next week:
It's a shame I'm on your ignore list.
I guess I'll just have to suffer through without being part of your special group.
I think the most amazing part is that you've obviously learned to type with your toes (at leased that's the only way I can figure you can post 15 times a day and still trade). From April 6th till now
698 post. Toe typing is a rear talent. If this hole trading thing doesn't work out, you can always hit the night show circuit.
It's a shame I'm on your ignore list.
I guess I'll just have to suffer through without being part of your special group.
I think the most amazing part is that you've obviously learned to type with your toes (at leased that's the only way I can figure you can post 15 times a day and still trade). From April 6th till now
698 post. Toe typing is a rear talent. If this hole trading thing doesn't work out, you can always hit the night show circuit.
- #99,731
- May 23, 2009 6:09am May 23, 2009 6:09am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
i dont think US can ever go bankrupt...
- #99,732
- Edited 6:32am May 23, 2009 6:19am | Edited 6:32am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
I think the most amazing part is that you've obviously learned to type with your toes (at leased that's the only way I can figure you can post 15 times a day and still trade). From April 6th till now
LMAO...Dude, a nice shot...it caught me right on the chin. You are funny...very funny...lmao... However, can we just have peace now? I have taken you off my ignore. Peace...yes?
I have made a living from trading for several years and I don't expect that to stop anytime soon.
The number of posts is probably the result of my enthusism to engage with other traders. I have been a lurker here for over 3 years but only for the Calendar and very occassionally popped my head into forums but never this one for no particular reason. So - you may not believe - this opportunity to chat, learn and share is truly great. But at the same time, I am largely the robot of particular systems. I simply press buy or sell. Unless I am in scalp mode (when I won't type much) I will sit just waiting for a signal (a bit like yesterday entered short quite early in the trading session and then just waiting) so yes I type many posts. But, really, is that such a crime.
Oh...and I spend upto 18 hours a day in front of the computer so you'll have to factor that in to the equation. Today for example, I am programming some automation into my AI predictions simply because it is too labour intensive...so I also type a few messgae while I program...I am lazy by heart!
But this will not go on forever just until the end of the year and then I'm off on the run with my bag of loot!
Peace.
PS: http://www.forexfactory.com/images/m...ish_strong.gifEUR/USDBullish | Bearish Bullish Bearish Bullish Strong Firm Mild Strong 1 2 3 4 5 6 7 8 9 10 11 12 Day Week Month 12 Months
(until May 16, 2010 9:19pm)
- #99,733
- May 23, 2009 6:44am May 23, 2009 6:44am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
- #99,734
- Edited 6:57am May 23, 2009 6:56am | Edited 6:57am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
- #99,735
- Edited 7:24am May 23, 2009 7:13am | Edited 7:24am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
@ Many people have displayed their displeasure at posting such reports on the main site...I'm sick of battling.
@ You can only send PM to 5 users at a time, I have to restrict numbers otherwise it gets silly.
@ Exploiting folk isn't my bag, far too much effort is required. I'm compensated by the market and by the knowledge that I'm being a service to others. Nap Hill & Brian Tracey have a lot to do with getting me to this point so I must continue to operate guided by those principles. Give until the end of the year before drowning...
Now that's a plan
and I hope it works out for you. ( sorry I high lighted your hole plan not just drowning )If your looking to be of service to other, maybe you should open your own thread and help people to understand how to make a trade. You could introduce your indicators and your mental perspective, not just buy here sell there. The art of the trade is more important than the pips you make. Teaching people to fish is noble,
can you teach?Just a thought
- #99,736
- Edited 7:32am May 23, 2009 7:24am | Edited 7:32am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
Now that's a plan
If your looking to be of service to other, maybe you should open your own thread and help people to understand how to make a trade. You could introduce your indicators and your mental perspective, not just buy here sell there. The art of the trade is more important the pips you make. Teaching people to fish is noble,
Just a thought
I feel that I can teach. I genuinely expect the report to teach readers how to read support. The AI indicators are nothing more than accrurate dynamic support and resistence, you still have to trade the breakout etc.
The report will have TA readings double tops, elliot whatever really to show how the predicted highs and lows are confirmed and rejected. overtime the user will be able to disregard the predicted highs etc and just use the supporting methods to isolate likely turning points.
Starting a new thread is a good idea and probably more relevant since I'm want to look at the EUR/USD plus two EUR crosses (EURJPY is one probably). You know, never risk more than 2% per trade and never expose more than 6%. I'd like to expose 6% by trading three FX's each risking 2% each, I'm going for aggressive growth but not at the expense of the 2 MM tenents.
But I have to state that I'm not a great trader. I make money every month but not mountain loads as it should be. I have read posts of many of the traders here who are clearly more competent than I; because at the end of the day one may have the holy grail but if you're no good at execution you'll still end up broke!
- #99,737
- May 23, 2009 7:33am May 23, 2009 7:33am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
I feel that I can teach....
I look forward to hearing your explanation of your system. Good luck
- #99,738
- May 23, 2009 7:57am May 23, 2009 7:57am
I used the ECU - European Currency Unit (or rather my data provider does). (Skywalker, Delve deep and you'll find the edge) . It's the only way that I could create robust monthly AI models otherwise I would have enough data.
PS LOL I know what ECU is. You never know what sort of people frequent this thread. It is better to overestimate rather then underestimate... Will help with the teaching too.
- #99,739
- May 23, 2009 8:04am May 23, 2009 8:04am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
Fair enough. It is just my personal opinion that ECU was a sort of strange, accounting currency. For example Deutsche mark and Franc were included in SDR before 1999, ECU was not.
PS LOL I know what ECU is. You never know what sort of people frequent this thread. It is better to overestimate rather then underestimate... Will help with the teaching too.
Okay. Thanks.
PS. But the ECU actually became the EURO on a 1:1 basis.
