--05/01/2015 Love the April Monthly Bar on British Pound and the oversold condition on daily.. Long here at 1.5222. Initial stop is 1.4470. --05/21/2015. Price is 1.5663. Raising to stop. Will stop out on a close under 1.5000 --06/10/15 Afterhours AM Closed out trade at 1.5417 for 195 pip gain. Opened new long in Sep contract at 1.5406 same stop.
---05/05/2015 Long Jun Canadian Dollar at .8247. Initial stop 75.50 ---06/10/2015 Closed trade at .8119 for 125 pip loss Opened long in Sep contract at .8109 same stop
I did some cyclic analyis for BITO using the past 123 calendar days (20211224 through 20220425) of high and low prices (prices linearly interpolated for days the market was closed). The wavy lines are for fitting the high and low prices with a parabolic trend (smooth curves) plus a cosine wave with a slight left translation. Extrapolating these curves predicts a cyclic uptrend until about May 16 or 17. The curve equations are Code: y_hi = 29.852071762085 + -0.117466971278191 * x + 0.000843059213366359 * x^2 + 1.8878356218338 * skewed_cos(twopi / 45.1171294804365, 5.58180999755859, 0.0944104790687561, x, 100); y_lo = 28.6371726989746 + -0.113271854817867 * x + 0.0008285574731417 * x^2 + 1.98085570335388 * skewed_cos(twopi / 44.8982599040434, 5.54958152770996, 0.0825099349021912, x, 100); where y_hi is the curve value fitted to daily high prices. y_lo is the curve value fitted to daily low prices. skewed_cos(freq, phase, skew, x, iter) = cos(freq * x + phase) when iter == 0 skewed_cos(freq, phase, skew, x, iter) = cos(freq * x + phase + skew * skewed_cos(freq, phase, skew, x, iter - 1)) when iter > 0 x is calendar days since the beginning of the 123 calendar day input period.