fx and technicals

Discussion in 'Forex' started by cashclay, Jun 7, 2016.

  1. expiated

    expiated

    It took several hours, but CHFJPY finally provided the evidence I was looking for in support of my theory:

    ScreenHunter_7590 Apr. 19 18.31.jpg

    (By the way, EURJPY has also climbed significantly...as projected.)
     
    #21     Apr 19, 2018
  2. expiated

    expiated

    The Numerical Price Prediction forecast model suggest that the mathematical odds of this exchange rate ultimately rising from 0.7550 greatly outweigh the probably that it will experience a long-term fall, so I have posted this image in real time to help debunk or confirm the theory.

    ScreenHunter_7731 May. 13 19.24.jpg
     
    #22     May 13, 2018
  3. expiated

    expiated

    AUDUSDM5.png

    Ultimately, AUDUSD should continue heading higher, but for the time being, it is riding a downward wave, so I locked in the first leg of gains at 0.7560.

    ScreenHunter_7732 May. 13 20.38.jpg
     
    #23     May 13, 2018
  4. expiated

    expiated

    The odds have now changed, with the probability that AUDUSD will rise or fall from 0.5557 in the long run now being 50/50.
     
    Last edited: May 14, 2018
    #24     May 13, 2018
  5. expiated

    expiated

    From my perspective, there are no ideal trades right now, but I determined that the two assets offering me the best risk-to-reward ratios at the moment are EURAUD and USDCAD long positions.

    ScreenHunter_7733 May. 13 21.08.jpg
     
    #25     May 14, 2018
  6. expiated

    expiated

    ScreenHunter_7736 May. 13 23.00.jpg
     
    #26     May 14, 2018
  7. expiated

    expiated

    USDCAD is going nowhere, so I exited the trade to retire for the night.

    ScreenHunter_7737 May. 13 23.53.jpg

    ScreenHunter_7738 May. 14 00.06.jpg
     
    Last edited: May 14, 2018
    #27     May 14, 2018
  8. pipeguy

    pipeguy

    Are you focused only on crosses or make predictions on majors too?
     
    #28     May 14, 2018
  9. expiated

    expiated

    I don’t know what this means. I have 15 pairs on my watch list, including AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, and USDJPY.
     
    #29     May 14, 2018