Past to Predict Future
This is to show overnight shorts at this specific point in time to get into LONG position on May 11th 2013 between 2am - 8am GMT depending how pattern evolves...
I would expect we are safe for short at least from 10pm - 2am GMT, and possibly further depending how proportional the pattern evolves to the PAST sample pattern used to predict.
It is probably different from most techniques I have seen but it has been extremely profitable for me in the past 3 weeks!
Watch out for major supports, larger time frame wedges and triple bottoms and double tops... RSI is good to identify these rather than to use the actual candles on the chart.
Happy Pipping.. may they be plentiful... Short target around 3120 - 3105... top tomorrow hopefully 3240 ish or better..
11/05/2013 - 5:22 am GMT
Based on the overnight results, there is 2 possibilities....
1. The pattern is still in deceleration compared to my sample reference pattern for projection.
We could be looking at a very good bear London Open. (Preferred Position)
2. I have chosen the wrong reference point and we are currently towards the end of box "D" and stand to have a very strong Bull Day.
Please note these types of trade use TIGHT STOPS as they are based on patterns performing near 80-100% accurate in comparison in either accelerated or decelerated fashion.
I would expect we are safe for short at least from 10pm - 2am GMT, and possibly further depending how proportional the pattern evolves to the PAST sample pattern used to predict.
It is probably different from most techniques I have seen but it has been extremely profitable for me in the past 3 weeks!
Watch out for major supports, larger time frame wedges and triple bottoms and double tops... RSI is good to identify these rather than to use the actual candles on the chart.
Happy Pipping.. may they be plentiful... Short target around 3120 - 3105... top tomorrow hopefully 3240 ish or better..
11/05/2013 - 5:22 am GMT
Based on the overnight results, there is 2 possibilities....
1. The pattern is still in deceleration compared to my sample reference pattern for projection.
We could be looking at a very good bear London Open. (Preferred Position)
2. I have chosen the wrong reference point and we are currently towards the end of box "D" and stand to have a very strong Bull Day.
Please note these types of trade use TIGHT STOPS as they are based on patterns performing near 80-100% accurate in comparison in either accelerated or decelerated fashion.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.