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Originally Posted by SIMBA
Hi everybody,
"..so,let`s say in the 1.9700 to 1.9800 area we have our target range..and the potential time range is from this Thursday to(the pic marks Saturday,so let`s say)Monday.."..
Well,it looks like we are almost there..we have reached 1.9777..and it is Thursday..and today we have several potential catalyzers with several news releases from 14:30 CET to the afternoon..even Bernanke is scheduled for some,I presume,interesting talks..we will see what happens..
Just keep this in the back of your mind,and trade hard signals..but take care because we are in a potential temporary top area..see pic
Regards
Simba
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Hi everybody,
It looks like the second part of my analysis was right OFF target,today is Tuesday and we have had,for the moment,a high in the 1.9857 area..fortunately we trade reality(in my case slope of the SATL..usually
),not predictions.
If we update the "Hurst method" prediction with the latest information,we can see that there is a potential for reversal in the 1.9834/1.9891 area,according to the 1h pic..we are there now,so,trade with even more care than usual.
On the other side if we look at the 4h pic..from the extrapolation of the longest centered sma crossing point we can see that there is the potential,IN BOTH PRICE AND TIME,for a reversal in the 1.9934(+-67 pips..1.9867/2.0001) area..TOMORROW or Thursday
I will not trade any of this predictions until confirmation by hard signal..And I will carefully check the evolution of the longest centered sma to "fine tune" the potential crossing point,and by extrapolation,the potential top area.
Will continue
Simba