Some of you may now know that I have progressively migrated from my formerly Facebook home to my new nest at TradingView. Another change that should be quite obvious, is that I will now reveal some of my on-going and future trading activity. However, I have stopped my lessons as I decided to concentrate on my own trading, so some of you will understand the occult jargon I let out, and some may not.
In this particular LONG position, which I opened on February 17th, 2014 @ 0.81624 (Great White prop pattern), I spotted a counter-trend opportunity based on price action (as opposed to my proprietary predictive analysis and forecasting strategy, which I used here to further ascertain the two main targets).
Resulting from that initial analysis are the following two targets:
1 - TG-1 - 0.83653 - 17 FEB 2014
2 - TG-2 = 0.84503 - 17 FEB 2014.
Just added today is a projected 0.382-Fib minimal relief retracement from current sustained impulse leg, corresponding to structural supports immediately to the left @ 0.82855.
More on the trade as it develops.
Predictive Analysis & Market Forecasting
- TradingView.com Moderator, Alias: 4xForecaster
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep ), or other well known patterns. However, we concentrate mainly on , and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
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Not saying that price can't fold from here and print a reversal in your RSI, but RSI can live in 90-plus stratosphere levels sustainedly, contrary to institutionally inculcated prohibitions of pavlovian Freshman lessons. But again, you know what I think about these price-based views.
If the M15 says "turn", then it will. Right now, it says "stack", but has yet to do so, so the outcome remains uncertain.
However, probability remains high for stack over unwinding.
Again, I am not saying you are wrong or that I am right. I am simply saying that I base my trading on pure objective IF/THEN algo conditions and probability.
Not sure why that statement, not what I meant in prior comments. Although, I did talk about now sharing my targets/analyses/forecasts in the recent Facebook comments.
Feel free to share and comment, BB. You know how I appreciate your shrewd mindset.
Levels are generated outside of price field and system-dependent, so I don't plan to tamper with that system, which is the trading plan.