Forex Market Deciphered: The Equilibrium Cross | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Equilibrium, a key to success! 2,077 replies

Equilibrium Day Trading (EDT) 3 replies

Looking for Death Cross and Golden Cross indicators 4 replies

Rsi cross indicator? (NOT cross 50, etc) 44 replies

Royal Cross/Fresh Cross 7 replies

Attachments: Forex Market Deciphered: The Equilibrium Cross
Exit Attachments

Forex Market Deciphered: The Equilibrium Cross

  • #21
  • Jan 4, 2011 8:29am Jan 4, 2011 8:29am
This is interesting:

"Charting software and data source: Metatrader(MQL language) and Dealbook(CTL language). All data is obtained from these charting software and feed into trading algorithms for calculation, and trade signal is then feed back to charting software."

Will we be able to obtain these signals of the SHI/Fisher/"Fishy?" () cross for a membership or fee at some point?

Not a bad discussion here of the "intellectual" framework involved:

http://en.wikipedia.org/wiki/Sophism
  • #22
  • Jan 4, 2011 8:31am Jan 4, 2011 8:31am
A lot of effort and thought has gone in presenting this idea. However, discussion is of no consequence until the readers are able to understand and identify an "Equilibrium Cross"
  • #23
  • Jan 4, 2011 8:39am Jan 4, 2011 8:39am
I am laughing my bottom out of this......!

Sophos = Sophist ??

What a coincidence


Quoting bit9ret
This is interesting:

"Charting software and data source: Metatrader(MQL language) and Dealbook(CTL language). All data is obtained from these charting software and feed into trading algorithms for calculation, and trade signal is then feed back to charting software."

Will we be able to obtain these signals of the SHI/Fisher/"Fishy?" () cross for a membership or fee at some point?

Not a bad discussion here of the "intellectual" framework involved:

http://en.wikipedia.org/wiki/Sophism
  • #24
  • Jan 4, 2011 8:42am Jan 4, 2011 8:42am
Not always. Such as Cora's THV thread but most of the time they turn out to be commercial in the end. Time will tell.

Regards,
Jeff

Quoting Dopey
No one does this much work without trying to sell something. Anyone willing to take bets on how long it takes this guy to start sucking people into something?
  • #25
  • Edited 9:28am Jan 4, 2011 8:45am | Edited 9:28am
I particularly enjoyed this sentence in the handy Wikipedia article summarizing this very thread, and the many clues above:

"The practice of charging money for education, and providing wisdom only to those who can pay, led to the condemnations made by Plato"s Socrates who also regarded their profession itself as being 'specious' or 'deceptive', hence the modern usage of the term."

I heard that Plato had a Bloomberg terminal, too. Just chump change.



Also, there's this:

"A sophism is taken as a specious argument used for deceiving someone. It might be crafted to seem logical while actually being wrong, or it might use difficult words and complicated sentences to intimidate the audience into agreeing, or it might appeal to the audience's prejudices and emotions rather than logic; e.g., raising doubts towards the one asserting, rather than his assertion. The goal of a sophism is often to make the audience believe the writer or speaker to be smarter than he or she actually is; e.g., accusing another of sophistry for using persuasion techniques.

A sophist is a user of sophisms, i.e., an insincere person trying to confuse or deceive people. Sophists will try to persuade the audience while paying little attention to whether their argument is logical and factual."
  • #26
  • Jan 4, 2011 10:15am Jan 4, 2011 10:15am
I already told you to stop it man......!, how many times you gonna kill me


Quoting bit9ret
I particularly enjoyed this sentence in the handy Wikipedia article summarizing this very thread, and the many clues above:

"The practice of charging money for education, and providing wisdom only to those who can pay, led to the condemnations made by Plato"s Socrates who also regarded their profession itself as being 'specious' or 'deceptive', hence the modern usage of the term."

I heard that Plato had a Bloomberg terminal, too. Just chump change.



Also, there's this:

"A [i]sophism is taken as a specious...
  • #27
  • Jan 4, 2011 10:41am Jan 4, 2011 10:41am
Suspicious that Sophist got a voucher just as he created his FF account.

Pun intended.
  • #28
  • Jan 4, 2011 3:35pm Jan 4, 2011 3:35pm
So what??? Who cares if there is something to sell or not. Nobody can make you buy something. The information is interesting and if leads you to do further research and helps you to start thinking in a different way then that's what we come to these forums for. I'm looking forward to more discussion on these ideas. Thanks Sophos ...
  • #29
  • Jan 4, 2011 4:50pm Jan 4, 2011 4:50pm
Quoting Daisygirl
So what??? Who cares if there is something to sell or not.
A good reason to care is that you may expend quite a bit of energy and time studying BS. Phony threads are a dime a dozen here.

That being said, tell us more Sophos. Everybody deserves a fair shake.
  • #30
  • Edited 9:30pm Jan 4, 2011 4:53pm | Edited 9:30pm
Quoting maxwell-eqtn
The thread appears to be more of a discussion rather than a trading system....
Yes, it is a discussion thread about a systematic trading method.

Thank you for pointing the repaint problem out, that's why I insist in Part Four NOT to rely on these indicator because they all lag. Since they are not reliable as all the other indicators, it doesn't at all confirm with "cross". The reason why I put it in separate section is because It's just an alternative view that might be of confirmation value.

I didn't suggest that trend lines are completely useless in trading, in this case all trend lines are for visual assistance only, not a key determinant for trades. I know this is going to cause a bit of stir here.

So I shall present you a recent live trade without the use of lines or "crosses".

A short position was entered on Monday morning Jan 3rd for AUD/USD. Please check its current price level. The Queensland flood is going to weigh on this pair for a while, the full extend of the damage is yet to be realized. Also the funny notion in latest FED minutes like " improvements in the economy didn’t meet the threshold for scaling back bond-purchasing plans" will certainly push this pair down for a while before US data release.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd03012011.gif Size: 25 KB


Quoting maxwell-eqtn
There is no disclosure of how to determine or draw the "cross" or intersection of the "pseudo" trend lines.
Well all the ingredients are in the thread already.
  • #31
  • Jan 4, 2011 5:11pm Jan 4, 2011 5:11pm
OK, let's play with arrows a little bit.

This week's live trade example:

The broad commodity market is in a retreating mode, also major U.S indices seemed to have reach a short term top, so NZD/USD is closely tracking this correlation. Even though New Zealand's outlook has been upgraded from negative to stable recently, there are still lingering signs of worry that rooted in the market.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd03012011.gif Size: 23 KB
  • #32
  • Jan 4, 2011 5:14pm Jan 4, 2011 5:14pm
hi all.

fisher transform indicator, doesn´t repaint.

the problem is that every fisher has his own zero level and depending of the zoom or the size of the chart, it can show diferent positions but the value is the same.

if you want to solve this, enter in indicator properties and put fixed values for minimun and maximun at -5 and 5 in every fisher.
  • #33
  • Jan 4, 2011 5:21pm Jan 4, 2011 5:21pm
Live trade example(week 1 of 2011)

GBP/JPY: There are indications that U.K job market is actually picking up a notch and foreseeable positive manufacturing gauges, as confirmed by the PMI few hours ago.

Any more ideas about fundamentals of this pair, anyone?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy03012011.gif Size: 23 KB
  • #34
  • Jan 4, 2011 8:22pm Jan 4, 2011 8:22pm
Quoting Dopey
No one does this much work without trying to sell something. Anyone willing to take bets on how long it takes this guy to start sucking people into something?
Dopey I reported you for violating Forum Rule #1 in this post: Respect your fellow trader.
  • #35
  • Jan 5, 2011 12:26am Jan 5, 2011 12:26am
Hi..


Thanks for the hard work in the post.

However, while reading through, dowloading the templates (thanks), setup the chart as per said...

There seems to be something missing?

How does the Equilibrium cross come about?
Will it appear on the chart by itself?

Pardon me for the dumb questions but am very new to FX.

Thanks a million..
  • #36
  • Jan 5, 2011 12:37am Jan 5, 2011 12:37am
Quoting sophos
Live trade example(week 1 of 2011)

Any more ideas about fundamentals of this pair, anyone?
Hi Sophos,

for GBPJPY, JPY recently had a lower than expected monetary base change, which is bearish for JPY, and so bullish for GBPJPY since JPY is in the denominator.

From ForexFactory Calendar:
11:50pm JPYMonetary Base y/y 7.0%7.9%

Also I would think since its the start of the new year, GBPJPY has been in a downtrend for pretty much all of last year, so any long term short holders have a large profit. Being the new tax year, they would cover to lock in profits (to pay taxes in 2011, and not 2010) ... if their country does not do mark to market for taxes. If M to M then it wouldn't matter ... anyway, something to consider. Look at gold today ... -$40/oz! Same thing I think.

I'd like to contribute a couple of custom indicators here (Metastock, not Metatrader though). They basically isolate a currency against the other pairs for which it trades against. I have attached a couple of samples for my "GBP index" and "JPY index" ...

The black line is the index, the blue and red are 5 and 10 ema's of the index. Both are daily charts. As you can see, JPY approaced a trendline resistance and fell off ... so JPY should be weakening unless the TL is taken out. GBP broke up, and possibly may start an uptrend.

Both of these bode well for GBPJPY heading up. In addition, GBPJPY broke above the 200 ema on the 1 hr timeframe. I have longed GBPJPY and am looking to add on the way up.

Regards,
EZCurrency
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP.png Size: 33 KB
Click to Enlarge Name: JPY.png Size: 21 KB
  • #37
  • Jan 5, 2011 12:41am Jan 5, 2011 12:41am
Below are for GBP and JPY ... others (USD, EUR, CHF, etc) are similary ... just isolate the pair of interest by + if in the numerator, or - if in the denominator. This looks at the % change from some fixed time X bars back (I use 40, but this is up to the user).

JPY:
-(Security("$$EURJPY",C )-Ref(Security("$$EURJPY",C ),-40))/Ref(Security("$$EURJPY",C ),-40)
-(Security("$$GBPJPY",C )-Ref(Security("$$GBPJPY",C ),-40))/Ref(Security("$$GBPJPY",C ),-40)
-(Security("$$CADJPY",C )-Ref(Security("$$CADJPY",C ),-40))/Ref(Security("$$CADJPY",C ),-40)
-(Security("$$USDJPY",C )-Ref(Security("$$USDJPY",C ),-40))/Ref(Security("$$USDJPY",C ),-40)
-(Security("$$AUDJPY",C )-Ref(Security("$$AUDJPY",C ),-40))/Ref(Security("$$AUDJPY",C ),-40)
-(Security("$$CHFJPY",C )-Ref(Security("$$CHFJPY",C ),-40))/Ref(Security("$$CHFJPY",C ),-40)

GBP:
-(Security("$$EURGBP",C )-Ref(Security("$$EURGBP",C ),-40))/Ref(Security("$$EURGBP",C ),-40)
+(Security("$$GBPUSD",C )-Ref(Security("$$GBPUSD",C ),-40))/Ref(Security("$$GBPUSD",C ),-40)
+(Security("$$GBPCHF",C )-Ref(Security("$$GBPCHF",C ),-40))/Ref(Security("$$GBPCHF",C ),-40)
+(Security("$$GBPCAD",C )-Ref(Security("$$GBPCAD",C ),-40))/Ref(Security("$$GBPCAD",C ),-40)
+(Security("$$GBPJPY",C )-Ref(Security("$$GBPJPY",C ),-40))/Ref(Security("$$GBPJPY",C ),-40)
+(Security("$$GBPAUD",C )-Ref(Security("$$GBPAUD",C ),-40))/Ref(Security("$$GBPAUD",C ),-40)

EZ
  • #38
  • Jan 5, 2011 1:04am Jan 5, 2011 1:04am
Quoting ezcurrency
Hi Sophos,

for GBPJPY, JPY recently had a lower than expected monetary base change, which is bearish for JPY, and so bullish for GBPJPY since JPY is in the denominator.

From ForexFactory Calendar:
11:50pm...

Thank you for the confirmation, very nice analysis!

I will keep holding my long position.......regardless of when the equilibrium cross is going to appear, fundamentals of this pair is looking upwards in short term...

Just came across an interesting piece on the news wire about the decrease volume of carry trade currency like jpy, voila, another reason here
  • #39
  • Jan 5, 2011 1:19am Jan 5, 2011 1:19am
Quoting Daisygirl
So what??? Who cares if there is something to sell or not.
Many people care. Threads that are commercial or that are leading towards being so need to be in the appropriate section.

No disrespect to the thread starter but, if that's the direction that things are headed just say so. If your stuff's worth it then your business may well thrive in the commercial section.

It's just that, so far, your thread has all of the hallmarks of leading up to a commercial offering. That's what prompted Dopey's post.
  • #40
  • Jan 5, 2011 1:32am Jan 5, 2011 1:32am
FYI, I added 1 more long position:

1) price at 38% retrace on 1 hr charts
2) price at 200 ema on 1 hr
3) candlecode uptrend and TL support and buy signal soon

Regards,
EZ

PS - thanks for sharing your method! Don't worry about all of the people doubting your intentions ... I appreciate other successful traders sharing their methods. I am always looking to learn more!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 1 hr.png Size: 36 KB
0 traders viewing now