Saturday / January 4, 2020 / 6:00 a.m. PST Given the latest and hopefully final Numerical Price Prediction (NPP) chart configurations, a daily analysis of trend is no longer necessary in that the direction of the exchange rates are so clearly obvious just by glancing at the decision-making charts themselves.
The "ENTER ANYWHERE" Trade Strategy... Note to Self: For future reference, check out the "Binary Bets 2020" journal should you care to revisit the thread somewhat similar to the topic you are about to explore below. This approach will not actually entail entering positions anywhere, but since many of the trades will likely have a lifespan of no less than a day, precisely when and where the trades are executed will not be that big of a deal. (I'm also calling this the Orange/Brown strategy.) At this point, there are no specific rules. The overall guiding principle will be to enter positions when the candlesticks are out of wack with the brown moving average to see if I can't perhaps reap dozens or possibly even hundreds of pip's worth of profit at a time. I will use my Binary dot com virtual account to provide me with a concrete track record verifying whether this or that particular tactic proves fruitful.
Thursday / January 9, 2020 / 5:30 p.m. PST Short AUDJPY if and when it drops below 74.95 and see how many hours it continues to head south. Generic imprecation!!! What a missed opportunity! Had I been around 30 minutes ago when AUDUSD popped up to the neighborhood of 0.6870, it would have been the perfect opportunity to short the pair! Buy CADJPY anywhere beneath the orange line (given that the brown line is sloping upward). Since its brown moving average just turned south, see if EURAUD is below 1.6189 at the end of the week, and if so, how many days it continues heading south. (Sell it anywhere above the brown moving average.) Buy GBPJPY given any kind of significant pullback. Sell GBPUSD now (four hours into the current 24-hour market cycle) and see where it is at the end of the week... See if NZDJPY is higher than it is now (72.41) when it closes on Monday... See if USDCAD is higher than it is now (1.3062) at the end of this week... The same for USDCHF (now at 0.9733)...
Thursday / January 9, 2020 / 9:15 p.m. PST At 0.6871 AUDUSD if is back above a (slightly) downward sloping brown moving average, so let's see what happens if I sell it here.
Friday / January 10, 2020 / 3:00 a.m. PST In my traditional brokerage account, AUDUSD is currently in the red. NZDJPY was offering as much as 19-pip's worth of profit as I slept, but was in retreat when I awoke, so I cashed in the 8 pips that was still left, and will probably buy the pair again before I go back to sleep. GBPUSD, GBPJPY and USDCHF hit my take-profit targets, providing me with 54, 65 and 11 pips of profit respectively. USDCHF continues to climb and is now up 19 pips from where I placed my order. (So only the cable pairs would have constituted successful out-of-the-money trades so far, had I been using the Nadex platform.) I exited USDCAD to lock in approximately 10-pip's worth of gains thus far. However, in looking over the following record, I just realized the first three entries are actually trades I made Wednesday, BEFORE I started this "Enter Anywhere" experiment...
The guiding Orange/Brown principle says I should buy EURGBP at 0.8486, a trade that looks a bit scary to me, but let's see if it works. It also recommends that I sell NZDUSD at 0.9920
Friday / January 10, 2020 / 6:50 a.m. PST At 1.1109 EURUSD is out of wack with the brown moving average, so I purchased a put binary option contract (which is already in-the-money, at least for the time being). AUDUSD, EURGBP, GBPUSD, NZDUSD and USDCAD are all opting to buck the system, so it will be interesting to see whether or not they ultimately "correct" themselves. On the other hand, AUDUSD's brown moving average looks like might be reversing direction. If it turns out that this is indeed the case, I will have to abandon the position and eat the loss. NZDJPY and CADJPY hit my take-profit targets, and in fact, CADJPY climbed far beyond it.
Friday / January 10, 2020 / 8:25 a.m. PST EURGBP and GBPUSD have interestingly enough (at least at this point) made the "correction" and USDCAD appears to be in the process of doing so as well. AUDUSD looks like it actually IS reversing north and is therefore destined to hand me a loss, but the jury is still out on NZDUSD. At 143.00 GBPJPY is now out of wack with the brown moving average, so let's see if four hours is enough time for it too to "correct" itself.
Yeah baby! It's like almost 100 pips below. USDJPY just dropped below the orange moving average, so I would expect it to be bearish now at the intraday level for at least a few hours. To short the pair for longer than a day, its brown moving average will need to hook south (form a southbound hinge) as well.
If the guiding principle of the Orange/Brown Strategy (another offshoot of Numerical Price Prediction) is to prove its validity (by perhaps Wednesday of next week) GBPJPY must rise from 142.96, preferably to something like 143.44 at the very least; USDCHF must rise from 0.9724, hopefully to something like 0.9753 and even higher; and NZDUSD must fall from 0.6637. Thankfully USDCAD has already risen from 1.3047; NZDUSD fell from 0.6643; and EURUSD fell from 1.1123, though I still need for it to fall some more to make up for the earliest trade(s).