EURUSD - Trends, Forecasts and Implications (Part 2) - page 485
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It is possible to draw not channels but just a trend line:
I am trying to make predictions using my own channels and Cowan's ellipses. On the pound, I think a trend reversal is in the making.
On the chart you can see that the price has crossed the trend (red) line from above downwards.
I would especially like to ask Strangerr's opinion
It looks like this, although a return to this level, or even higher, I think, will be later. Selling on the euro and pound is building up.
Looks like it, although a return to this level or even higher I think will come later. Selling on the euro and pound is building up.
Bocman, get into the gist of my drawing. It shows that in 21 and a half months your statement about the inevitability (95%) of the breakdown of the trend at its third touch by the price worked for two or three weeks. In other words, less than 5% of the time interval. The rest 95% of time was force majeure, i.e. a force majeure circumstance. Have you tried trading in the channel?
I can call force majeure an iteration of the Central Bank, or an event in which the price can go strongly against the technique.
I would like to ask you a question. The calculator works. Only the forecast F, G, H does not show. Could it be an error of some kind?
I only recently dug it up myself.
http://ruforum.mt5.com/attachment.php?attachmentid=11335&d=1281021681
http://ruforum.mt5.com/showthread.php?t=1827&page=1
Not bad options for channel drawers.
I would like to point out right away that my posts are not there.
http://www.tickquest.com/?page_id=18
And for the curious, this program is really interesting, though a bit complicated. Stranger and torgus would probably like it.
Force majeure may be defined as an intervention of the Central Bank or an event, which can cause the price to go strongly against the technique.
So in the last 2 years the price has almost always been going against this very technique.
My advice to you: don't believe the charlatans who claim to be preventing a flat. The market is always trending, it's just a question of recognising it.
Everyone's going south! Has anyone considered this option?
I'll try to describe the channel in my own words, if it turns out I'm wrong, I'll take your comments.
So, to draw (parallel) channel needs 3 points in our case we have 2a LY and 1n HAY, on =LY we draw a trend line, then move it to HAY, so as practice shows that during the 2nd approach to the trend line price bounces in the opposite direction and in 95% of cases (5% will be left for some force majeure) should be the 3rd approach to break the trend line in our case, drawn on LY