Yes Nicole work at Mizhou bank and posted Analysis in CNBC and various sites. Like you say her trade opinions were a bit counter trend given that she is the best candlestick reader around but a scrapee trader. Coming back to M.M.L the P setting…"
"Max and Brian
I will try to give a brief summary. The main advantage to Murrey Math is that you know with one piece of information ( the current price ) what to judge the price behavior with. This is because the support/resistance prices are FIXED…"
"Characteristics of MMLs Since, according to Gann, prices move in 1/8's, these 1/8's act as points of price support and resistance as an entity's price changes in time. Given this 1/8 characteristic of price…"
"//============================================================================================// * Line 8/8 è 0/8 (Ultimate Support and Ultimate Resistance).// * Those lines are the most strong concerning Support and resistance.//…"
Congrats good results of your trades. I see LR/Tick trade entry has worked for you and you have persevered with this method for a long while.I must say Peter has made this method his base for trading and I am glade that slowly he is…"
I remember us having a chat about LR's some years ago and then l said that LRs from intelli was unique and cannot be formulated into another charting package. I de-com the code to simulate the indicator on a data back test…"
"Remember ONE ARM BANDIT you were given ten one penny pieces to entertain your quest for your gambling and when its gone its gone. The boy should have risked a third of his pocket money and kept the rest for another day.
"The out flows from Euro will be contained by ECB. volatility is controlled to stop panic and over reaction rate will remain in range close to the highs of this week so Friday will hold the rate near last weeks 130. A run in…"
"I have been reading a numbers of comments all focused on this muted point R:R and M:M and yet not many words have been sounded on how many of those trades are a hit at entry levels which are profitable.I have yet to see how…"
"Gu will have a pullback to 50% fib in coming sessions as its structure is forming a change bottoms are made in time and price and the absolute correlations are over done in the crosses which need to correct"
"Words of wisdom it seems we are forming two sides here lets not confuse the posting the view point remains the same I think the logic tells well versed trader would fine tune his or hers entry point so that the trade has the best reward…"
If money doesn't move money then explain why Gu lost 50/60 pips and gain almost 100pips on the day that bad news would not transform into good news how can economy change its reading in 10 minutes ? for bad to good
"Betting is gambling the odds are skewed to show in your favor for its bookies who take the prime cut if 5% of the bets win and 95% fall in with the bookies then they come out on the top.
if that was not the case then Vegas would be toast…"
"Jasmine, My whole point of raising this comment was to point out that if you looking short Gu then why not wait till its reach 15220 and then go in with both hands if your dead cert that the rate will fall.
why short near the lows the…"
"Jasmine, I am not saying what ever you" Say will not Happen" it could happen,it may happen, it might happen. I do not have the seventh sense to see beyond "at the moment" all I am saying is trade what you see if when…"
Your comments are always appreciated because I know your great skills and understanding in all you do.
Generally I've found a high accuracy level of capital flows to determine future market direction. The most vital aspect to monitor capital flows is the knowledge what sovereign bonds the weekly money flows. For example, if money flows into German bunds as opposed to say CHF bonds. That speaks volumes about future market direction in the upcoming week.
One point though is UK Gilts can be tricky calls in times of economic uncertainty because they change their stripes in how they trade.The change is slight but still tricky. That's why the correlation between the GBP/USD and EUR/USD changes. It can't ever be 100%. So you can confirm a GBP/USD turning point based on capital flows using maybe German bunds, or CHF bonds, or Sweden SEK bonds. Take Care Raj
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