EURUSD

It is looking like we may have a top here at the 4050 level. Sooooooo.... I pulled my Fibs from the last 100 SMA touch. And the major trendlines as they would be for the 15 Min TF.

MK

I have been asked for more info from some people so here goes. Now, we could be part of the 80 % of all traders that fail and try to counter trade into the face of this monster trend, orrrrrrrrrrrrr...... we could grow a brain and do this the safe way. In the next few posts I will show you exactly how I am going to trade this pair.

By the way, the pair has moved back into that 4 hr channel once again.

And what about the fact that the Euro has added new member countries over time. Granted they are the minions compared to Germany, France, Spain and Italy.

Weekly Chart

http://i47.photobucket.com/albums/f1...ul/EU-week.gif

hehe ur english is cute

Notch, I really think you are doing a great job with programming historic H&Ls. But if you look closely at the ECU currency basket it had some 16% of the currencies which never joined Euro. Namely, GBP and Danish Kroner. Ok, DKK is a minor, so we can discount that (and about 3% of ECU). But what about GBP which accounted for roughly 13% of ECU? It shouldn't have been replaced on a 1:1 basis... But here we are. Another thing is, does a trader want to know what happened 15 years ago? Try asking a professional trader... As far as "aspiring semi professionals" otherwise known as "newbies", most of them (including me) like to really scrutinise every letter and number in the learning process. By the way, I would also like to say, as I said earlier, the AI prediction numbers are great, but you can make them even better by rounding them up, with ending on 0s and 5s, more user friendly and easier on the eye. At the end of the day, these are "zones" and in practice are never precise numbers.

I have tried scalping the bounces off 100 EMA on 1m and 5m in the direction of the main trend only. Worked like a treat on Friday. Thanks for the tip.

hi hows everyone

Thanks for your post.

This is the second reply to your post that I have written. The first 'LONG' reply disappear somehow but it was very touchy feely in an attempt not to offend or to appear ungrateful for your feedback. This one will just gets to the point.

The ECU was replaced by the EURO on a 1:1 basis and this is a fact. I'm an Economics Grad' so the other things you refer to I understand but don't particularly give a crap about as it doesn't impact the quality of my AI reports. I really don't want to get into a debate about it.

I'll be honest, I consider you a noob - in fact - anyone who hasn't traded profitably for at least 18 months (and I don't mean erratic profits) I consider a noob. It's consistent bread on the table that defines experience to me not platitudes about professional/semi-professional traders.

Do you really think I would include a report with such precise numbers as an oversight? The predictions might be zonal to you but trust me they are precise to others; try not to speak for all insundry. I have already been given feedback that some have started to place long orders 2 pips above the predicted low with a stop 2 pips below and have managed with success (early days of course). And trust me this was from a trader with 5 times more trading experience than you...they even suggested that what I had was so precise that one could bin other methods and use the predicted numbers to trade off alone. I happen to agree.

Please take the time to at least use or review the report for a week or two before firing suggestions for improvement that way it doesn't seem like you just want to be heard. Now, if you have something to contribute that has been considered and falls within the views of a consensus of readers then I'll gladly make slight modifications but please remember I don't even trade from this information (although I did allow myself to be influence by it on Friday) this technique was created by me over five years (YES FIVE) ago and then put into storage along with a myriad of other models, systems and research. I'm not creating a product or service to resell, it is a freebie so any suggestions should be made in that context otherwise I might start to think you're an ungrateful b~~~~~d.

Now - the feedback that I would like to have (call it your consideration in this exchange) is how (if) you are using the information. For example, do you use the monthly or weekly forecasts to determine direction etc. Such feedback may help in future research or allow me to make the model materially better. But please keep the lectures for somebody else otherwise you'll get incinerated.

PS. Sorry, I forget to answer the question about does a trader want to know what happened 15 years ago (this really is a waste of time). You must have done some work on Elliot, Gann or Dow Theory, I'm not even going to answer this question. Scratch opening a new thread and teaching others I simply don't have the patience.

Doesn't anyone have a decent trading journal template for MicroSoft Onenote?

Could not agree more.

Btw. I started to do some statistical analysis and I've come up to some amazing results. On of my friends actually was going to give up FX until I told him tonight that the market structure has changed since end august-beginning september last year and he coul not believed his ears since he had read it already but I had proven him.

Statistical analysis rules!

Remarkable,

The weekend is half gone and no one has come up with the usual discussion on Saturday:

WILL THERE BE A GAP TOMORROW? UP? OR DOWN?

Yes, gonna be a 500 pips gap down

Good, then I can just collect and take the rest of the week off.

Here is how it should work. This is a pull from 5/4 thru 5/15. The ideal trade would be to hit each level and then return to the high from where you drew your top Fib level, however, if the price only hits a couple and continues on you still make money. This one was a traders dream. It hit the zero level 4 times after hitting the 76 % level 3 times. There are over 2500 pips here.

These levels should be visited again and possibly this week. They are marked in light grey and one is well below the 100 SMA. This could be a gold mine also.

I don't think it will be productive if I answer with arrogance to the above overbearing pride. Just some obvious points that scream attention:

1. If you are so experienced and profitable post your live account of 18 months trade results here, then you will gain 100% credibility. Or direct me to your live trading journal on this forum. Especially, since you don't trade the numbers you post in here, I will be interested to see how many pips you make. Theoretical knowledge doesn't worth very much without practical backup.

2. Leave the threats of incineration and bad language for other places you visit. It looks very amateur and it lessens this forum.

3. What " industry"? By the way, the industry is mainly in the City or on Wall Street etc. "The industry" simply doesn't have time/possibility to post in the forums. There are many retired profi who teach here and I am privileged to learn from them.

4. I pay attention to other people's forecasts in my trading, but hardly use them (see your signature for more insight).

5. I don't think listing my CV on the FF would help anybody. Although it is generally relevant to the skills I am learning at the moment, I always was on the buy side of the investment banking business in my past life.

Really that is all I have to say to you. Keep working on it and you will be rewarded one day somehow.

Looking forward to your live real money trading results.

If we get a bounce off the 100 SMA, we will have taken in 3 of these levels, (23.6, 38.2 & 50 %). If all it does is go down and bounce and then come straight back it will be 725 pips the way I set up my trades. Sunday night I will place 10 Buy limits, 2 on each level with one taking profit at the following Fib level and the other at the "0" with the exception of 1 of the buy limits at the 23.6 % level, I will leave with no T/P in case it runs on. My stop will be 137 pips on the first trade.
If the price triggers a trade at, say the 23.6 % Fib level and goes back and takes profit off, I will replace it with a fresh trade.

The ideal situation would be to bounce around and tag level after level like the one in the earlier post.

MK

Looks to me to be from 5/4 to about 5/8, but price is always around, touching, reversing around some fib level or another.

Without other confirming factors and an entry trigger, fibs are just a number.