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Old 05-07-2008, 07:24 AM
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projected cycle

Quote:
Originally Posted by pupsik View Post
Hier analysis for GBPUSD for next week

Pupsik,

Thanks a lot for your explanation...I have been looking at your indicators,and one thing I would probably trade is divergence between projected cycle(hren) and price,so, for example:

In H4,if projected cycle says down for the next x bars(let`s presume 5 bars,20 hours)and price keeps going UP,I would switch to H1/M30 and try to look for a good shorting spot,during the next 4 to 6 hours,for example some OB short term stochastics/Fibo retracement/minor resistance..PLUS some price action triggers to actually enter the short for a trade length of approximately 15 hours...I would then use hren1 either at h4 or at h1,on bar close to handle the exit and finetune its timing.

I have to familiarize myself with your indicators,but,for the moment,they look like they have very good potential.

Regards
Simba
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