Past to Predict Future

FX:EURUSD   Euro / U.S. Dollar
604 6 0
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.
Every Analyst worth his salt has, at one time or another, doubted himself or his own analysis we are still human. It is this kind of event in our trading process that we can often learn the most. Good luck and keep up the GOOD work!
dan_keydcuk aceofswords
Thanks for the support! :D
But thats some good work, my problem with the bigger TFs is this, never know what goes into a 4 Hr bar, good work and you have made a believer out of me
Before I got to work the 4 hour TF I was working on the 15min , 30min, & hour... Sometimes I would take a larger TF like weekly or daily and put markers. Then, I would zoom in to the positions at a more micro level to see the smaller TFs. Because harmonics happen in all levels of these TFs you can see it in any TF.

Also, I started by using 2 windows vertically side by side in my MT5 to see side by side. I don't always use immediate periods as references. My reference pattern can be as far back as 2011 or more. I would suggest not to go beyond the highest high of the EURUSD's history for this as it follows what is happening in the major downtrend on monthlys.

Obviously I can't use dual windows on this website to show how I can use a ref pattern of 2-3 years ago.

Try it on small TFs and even in demo for practice. Prove to yourself the technique. Smaller TFs, you can practice a lot more than waiting for a 4 hour candle to finish. Try 5, 15, 30 and hourlys?

Good luck!
wish i would have followed my own advice... I had a tough day trading today... I should've went with what i took time to study rather than panic at the big swings! :)
cool ideA @___________@
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