Forecast of daily high and low.
I use the daily high and low as my breakout points
I use the daily high and low as my breakout points
Do you mean the previous days high and low? Those are historical levels and have no meaning to the forecasted levels.
Do you mean the previous days high and low? Those are historical levels and have no meaning to the forecasted levels.
i've been using it on GBPJPY and the result is quite good
freight train is a good analog , we try to hard to tell the forex price movement as pathway, and mover knew that , so we could lose to have to consider where will the one-wheel bike U-turn in each candle
but you need some experience and gut to trade it like your idea , as the overall will still SHORT, i.e. still loss more than the overall profit -- but I think we could look into it as life could be beautiful if we master it -- very simple methodology - closer to ideal tactics
June 27 forecast
Okay gang, here is the forecast for today's high's and low's. See next post for weekly levels.
I'm still working out a few kinks, so bare with me.
I am adding a fourth level to daily forecasts, which I am naming the extreme level. It is very improbable, but possible if there is tons of volume.
I am also adding gold to the list.
I am also adding monthly forecast levels, which shall begin at the start of next month.
There is only one major news announcement today and that is at 8:30 EST.
This may or may not affect the forecast.
PS- There are many numbers to calculate and levels to post, and I am going to double and triple check this entire post for errors. If I see something, I am going to add a correction post after this one. I double checked everything already and so far, the forecast levels look good.
Godspeed, Zion
GBP/USD
LESS PROBABLE HIGH- 1.5128
MOST PROBABLE HIGH- 1.5190
LESS PROBABLE HIGH- 1.5222
EXTREME- 1.5318
LESS PROBABLE LOW- 1.5018
MOST PROBABLE LOW- 1.4955
LESS PROBABLE LOW- 1.4924
EXTREME- 1.4831
EUR/USD
LESS PROBABLE HIGH- 1.2427
MOST PROBABLE HIGH- 1.2468
LESS PROBABLE HIGH- 1.2498
EXTREME- 1.2549
LESS PROBABLE LOW- 1.2352
MOST PROBABLE LOW- 1.2312
LESS PROBABLE LOW- 1.2291
EXTREME- 1.2230
GBP/JPY
LESS PROBABLE HIGH- 134.93
MOST PROBABLE HIGH- 135.38
LESS PROBABLE HIGH- range 135.60 -135.83
EXTREME- 136.28
LESS PROBABLE LOW- 134.09
MOST PROBABLE LOW- 133.63
LESS PROBABLE LOW- range 133.41 - 133.18
EXTREME- 132.73
AUD/USD
LESS PROBABLE HIGH- 0.8794
MOST PROBABLE HIGH- 0.8841
LESS PROBABLE HIGH- range 0.8865 - 0.8888
EXTREME- NONE
LESS PROBABLE LOW- 0.8711
MOST PROBABLE LOW- 0.8663
LESS PROBABLE LOW- 0.8640
EXTREME- 0.8570
USD/JPY
LESS PROBABLE HIGH- 89.51
MOST PROBABLE HIGH- 89.59
LESS PROBABLE HIGH- 89.82
EXTREME- NONE
LESS PROBABLE LOW- ALREADY REACHED ( 89.26)
MOST PROBABLE LOW- 89.14
LESS PROBABLE LOW- 88.81
EXTREME- NONE
USD/CHF
LESS PROBABLE HIGH- 1.0952
MOST PROBABLE HIGH- 1.0987
LESS PROBABLE HIGH- 1.1014
EXTREME- 1.1056
LESS PROBABLE LOW- ALREADY REACHED ( 1.0895)
MOST PROBABLE LOW- 1.0864
LESS PROBABLE LOW- 1.0847
EXTREME- 1.0797
USD/CAD
LESS PROBABLE HIGH- 1.0372
MOST PROBABLE HIGH- 1.0402
LESS PROBABLE HIGH- 1.0425
EXTREME- 1.0462
( NOT LIKING WHAT I AM SEEING FOR THESE CALCULATIONS, BUT LETS GIVE IT A SHOT ANYWAYS)
LESS PROBABLE LOW- 1.0319
MOST PROBABLE LOW- 1.0289
LESS PROBABLE LOW- 1.0260
EXTREME- NONE
NZD/JPY
LESS PROBABLE HIGH- OPEN PRICE (63.84)
MOST PROBABLE HIGH- 64.40
LESS PROBABLE HIGH- 64.86
EXTREME- 65.32
LESS PROBABLE LOW- 63.30 (ALREADY REACHED)
MOST PROBABLE LOW- 62.89
LESS PROBABLE LOW- 62.68
EXTREME- 62.00
EUR/GBP
LESS PROBABLE HIGH- ALREADY REACHED (82.37)
MOST PROBABLE HIGH- 82.61
LESS PROBABLE HIGH- 82.85
EXTREME- 82.08
LESS PROBABLE LOW- 82.10
MOST PROBABLE LOW- 82.06
LESS PROBABLE LOW- 81.79
EXTREME- NONE
AUD/CAD
LESS PROBABLE HIGH- 0.9088
MOST PROBABLE HIGH- 0.9098
LESS PROBABLE HIGH- 0.9168
EXTREME- NONE
LESS PROBABLE LOW- 0.9025
MOST PROBABLE LOW- 0.8990
LESS PROBABLE LOW- 0.8973
EXTREME- 0.8956 OR 0.8921
GOLD
LESS PROBABLE HIGH- 1260.25
MOST PROBABLE HIGH- 1261.88
LESS PROBABLE HIGH- 1272.56
EXTREME- NONE
LESS PROBABLE LOW- 1250.87
MOST PROBABLE LOW- 1245.41
LESS PROBABLE LOW- 1242.72
EXTREME- 1234.65
ratings
Forecast difficulty rating system. 1 - 5 with 5 being most challenging to forecast.
GBP/USD- 3
EUR/USD- 1
GBP/JPY- 5
AUS/USD- 4
USD/JPY- 2
USD/CHF-1
USD/CAD- 2
NZD/JPY- 3
EUR/GBP- 1
AUD/CAD- 3
GOLD-5
Gold correction
Gold daily forecast correction
less probable high- 1260.25
most probable high- 1261.88
less probable high- 1267.18
extreme- 1272.56
Correction to eur/gbp
(Always triple check)
I multiplied by 100 and also input a few other numbers incorrectly.
Here is the revised and corrected forecast.
EUR/GBP
LESS PROBABLE HIGH- 0.8236 (ALREADY REACHED)
MOST PROBABLE HIGH- 0.8259
LESS PROBABLE HIGH- 0.8283
EXTREME- 0.8306
LESS PROBABLE LOW- 0.8213
LESS PROBABLE LOW- 0.8191
MOST PROBABLE LOW- 0.8184
EXTREME- 0.8137
Weekly forecasts for june 27 - july 2
Weekly forecast june 27 - july 2
not to be confused with daily foracasts
still working out kinks on these
these are less likely than daily forecasts
triple checking after posting. Corrections posted later if necessary.
Gbp/usd weekly
less probable high- 1.5145
most probable high- 1.5230
less probable high- 1.5274
extreme- 1.5401
less probable low- 1.5015
most probable low- 1.4934
less probable low- 1.4850
extreme- 1.4510
eur/usd weekly
less probable high- 1.2425
less probable high- 1.2510
most probable high- 1.2535
extreme- 1.2713
less probable low- 1.2331
most probable low- 1.2241
less probable low- 1.2197
extreme- 1.2063
gbp/jpy weekly
less probable high- 135.24
most probable high- 136.39
less probable high- 136.96
extreme- 138.67
less probable low- 133.60
less probable low- 132.51
most probable low- 132.16
extreme- 129.85
aud/usd weekly
less probable high- 0.8810
less probable high- 0.8906
most probable high- 0.8934
extreme- 0.9035 or 0.9135
less probable low- 0.8675
most probable low- 0.8574
less probable low- 0.8523
extreme- 0.8373
usd/jpy weekly
less probable high- 89.76
most probable high- 89.99
less probable high- 90.47
extreme- none
less probable low- 88.87
most probable low- 88.40
less probable low- 88.16
extreme- 87.46
usd/chf weekly
less probable high- 1.0958
most probable high- 1.1004
less probable high- 1.1049
extreme- none
less probable low- 1.0841
most probable low- 1.0818
less probable low- 1.0747
extreme- none
usd/cad weekly
less probable high- 1.0415
less probable high- 1.0523
most probable high- 1.0558
extreme- 1.0791
less probable low- 1.0272
most probable low- 1.0153
less probable low- 1.0093
extreme- 1.0034 or 0.9913
nzd/jpy weekly
less probable high- 64.39
most probable high- 65.36
less probable high- 65.85
extreme- 66.33 or 67.30
less probable low- 63.14 (already reached)
less probable low- 62.22
most probable low- 61.94
extreme- 60.97 or 59.99
eur/gbp weekly
less probable high- 0.8279
most probable high- 0.8307
less probable high- 0.8335
extreme- 0.8390
less probable low- 0.8207
less probable low- 0.8156
most probable low- 0.8140
extreme- 0.8085 or 0.8030
aud/cad weekly
less probable high- 0.9079
most probable high- 0.9158
less probable high- 0.9221
extreme- 0.9285
less probable low- 0.9004
most probable low- 0.8940
less probable low- 0.8907
extreme- 0.8875 or 0.8811
gold weekly
less probable high- 1259.05
less probable high- 1270.67
most probable high- 1274.23
extreme- 1286.55 or 1298.88
less probable low- 1250.51
most probable low- 1238.08
less probable low- 1231.97
extreme- 1225.85 or 1213.61
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Each day in the forex market, there are at least 2 guarantees for the price of each pair;
Guarantee 1- There is going to be a high of the day.
Guarantee 2- There is going to be a low of the day.
At the beginning of each trading day, an accurate forecast for the high and low could give any trader a very well established outlook of what may occur during that trading day, and also when to exit a trade for maximum profit.
Because everything in the forex is based on number figures, mathematical calculations and formulas, a strive began many moons ago to develope a new formula that could determine the potential high and low of each trading day.
This formula has been discovered. The formula provides 3 levels, with one being the most potential and consistent.
The formula also provides 1 to 2 power levels that last the entire week which can also serve as a top or bottom for any given day of that particular week.
Although, I'm not able to deliver the formula to any person for secrecy sake, I can deliver each day the forecast for a few pairs to this forum group.
The first forecast delivery is to between June 27, 2010 and July 4, 2010; within 1 or 2 hours of the open. Date to be determined due to other obligations.
These forecasts are going to be delivered for 1 to 2 months, and may or may not continue after that.
This is for generosity sake. Perhaps during these next months, I am able to assist you in maximizing your profit.
I promise to do my best at helping each of you succeed on your path to/of financial independence.
There are a few details that I must mention that you MUST be very well aware of.
1. These are NOT buy/sell signals. Please do not use them as entry points. Please only use them as a tool for determining when to possibly exit your current trade or when to possibly exit with partial lots.
2. As mentioned above, the forecast gives 3 potential level for the high and low of the day, with one of the levels being the most probable.
2.1 On occasion, only the forecasted high is reached OR only the forecasted low is reached.
2.1 On occasion, such as on a low volume and ranging day, none of the forecasts are reached.
2.3 On occasion, I may change the forecast through-out the day, depending on price action. However, this is rare.
2.4 As mentioned above, the weekly power levels are also included for each day and remain applicable for the entire week. They also serve as potential tops and bottoms.
The power levels are forecasted on either the first or second trading day of the week.
3. These are NOT the regular daily levels, such as pivot, mid-resistance, resistance 1, mid support, camarilla's, fibos, etc.;
so please do not be confused.
4. On occasion, the forecast levels might match other daily levels. That is just coincidence.
5. The forex market can sometimes be very unpredictable. If there is, for example, a surprise news announcement in the middle of the night, please do not anticipate the forecasted levels to stop the freight train.
6. If there are major news announcements during the course of a trading day, the price may or may not stop at the forecasted levels. Sometimes the freight train just wont stop for the forecast level.
7. The open price of Sunday night (EST) can sometimes be several pips higher or lower than the closing price of Friday. Because of these invisible swings and invisible price actions of candles, the forecast becomes more difficult to formulate. Please bare with me during those times. I promise to do my best.
8. Fridays tend to have less volume toward the end of the day, so the forecasted level may not be reached. But the price may come close. Typically though, one of the forecasted levels is reached.
9. Each pair has it's own variation of the formula. This is because some pairs are very erratic and volatile such as the gbp/jpy, while others are calm and smooth, such as the eur/usd.
10. Because of the items mentioned in point 9, occasionally some pairs, such as gbp/jpy, wont agree with their forecasted high or low.
Please bare with me with my forecast of these pairs as we all know how erratic they tend to be. I promise to do my best.
11. Because of the items mentioned in point 9 and 10, I have developed a difficulty rating system. Each pair of the forecast receives a difficulty rating. The higher the rating, the more challenging the pair is to forecast.
Therefore, proceed with caution if you choose the higher difficulty pairs.
12. Often, the price can stop to the exact pip of the forecast, or come within or cross over a few pips of the forecasted level, depending on the currency pair, volatility, and overall conditions.
GodSpeed to all.
Zion