Plesse allow me to make 6 predictions....on a Friday and with a G7 meeting on the week end....these predictions don`t have any direct relationship to this thread,besides the fact that they will help me in pointing how the chart patterns will help me in trading them....and please,do not try them at home
They are not a joke,all my propietary digital filters are synchronized towards them,I frankly believe that most if not all of them will happen,and will trade most of them....IF THERE IS A PRICE CHART PATTERN GIVING A CLEAR ENTRY WITH LOW RISK...
For this next week:
AT or BEFORE the 18 April 2008 (next Friday) close...
A-These pairs price will have touched at least ( AT or ABOVE) the signalled price(they are potential longs)
GBPJPY 202.00(around 300 pips higher than actual price)
GBPCHF 2.0000(around 285 pips higher than actual)
USDJPY 102.50(around 150 pips higher than actual)
USDCHF 1.0150(around 150 pips higher than actual)
B-These pairs price will have touched at least ( AT or BELOW) the signalled price(they are potential shorts)
EURUSD 1.5650(around 150 pips lower than actual)
EURGBP 0.7930(around 100 pips lower than actual)
C-So,basically,I expect to be long GBP and USD and short EUR,CHF ,JPY...during the next week...And,no,I don`t know which one is stronger,if GBP or USD..and which one of the 3 weake ones is weaker(probably not EUR)...If I knew I would just focus 50% of the 6 potential trades on the strongest against the weakest
These are some bold predictions to make in a public Forum...Want to know why ?
1-If my digital filters fail,the use of chart patterns to trigger entries will help me in avoiding a disaster,there probably won`t be bad entries triggered,or if they are,they will be very low risk,compared to the reward.
2-If my digital filters succeed,as I mostly expect,the chart patterns will trigger the entries,allowing me to take advantage of very high rewards with relatively low risk.
The proof is in the pudding ,and the pudding is still in the oven..but not for long
Have a nice week end.
Regards
Simba