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Originally Posted by IST
Thanks Simba for two incredibly well presented and thought through systems. I am becomming increasingly impressed and my confidence is growing. To learn more I will try a first post of predictions - bear with me guys and girls - my first post here.
On the Simbasystem both SATL and Chand are pointing North
Daily: Simbacon man going down indicating upwards cycle (weekly however is opposite so perhaps the next north move will not be as strong as the previous)
4H: Conman also indicating upwards cycle
1H: Upwards for another 20-25hrs
Hurst: Here I will need some guidance. First on 1H - it appears that the long MAs will be crossed around 9555-9580, indicating a target around 9675.
On 4H, cross is projected around 9600-9625; indicating a target around 9780.
I am currently long from 9555, entered using the other Simbasystem signals. News are out shortly and I guess we will see whether my understanding is valid or not. Its also Friday and we shouldnt expect any major breakouts.
cheers,
IS
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Hi IST,
Nice analysis you did,congrats for your trade and as,must be obvious by now,the market has already given you an answer..it is currently at 1.9622
Regarding Hurst projections,there are moments,like this where the situation is unclear..I would say that "probably",based on 15m conman we still have a few hours,probably to the close of this Friday, left of this uptrend leg..price target,I don`t know..probably above 1.9635..but I can not estimate the limit,sometimes it is relatively easy,some others very difficult..the only 2things i can tell you is that having sleeper positions in the week end is extremely dangerous..and that Friday closes can reverse direction in the last hours of trading(last of London,last of NY)
Hope this has been helpful
Simba