FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 27

 
strangerr:

No.
I'm not trying to prove anything, I just want to understand. Are your sets based on technical or fundamental analysis? The technical one, as I see it, is the analysis of the current situation. And fundamental has double, triple, ... standards. Your set-up does not give you one hundred percent confidence in the correctness of an open position.
 
* Fundamental levels for EUR/USD

$1.4466 intraday high/$1.4475 option expiry
$1.4450 option expiry
$1.4420/25 average number of puts
$1.4395/00 average number of offers/stops
$1.4370/80 average number of offers/$1.4380 option expiry
$1.4340 average number of offers / stops

$1.4317 ***current rate

$1.4316 intraday low Europe, Asia $1.4416
$1.4300 average demand/option expiry
$1.4290 stops
$1.4285/80 medium demand/$1.4285 technical level (61.8% $1.4102/1.4580)/stops
$1.4250 low demand/option expiry
$1.4237 medium demand/technical level (28 June low)
 
prom18:
I'm not trying to prove anything, I just want to understand. Are your sets based on technical or fundamental analysis? The technical one, as I see it, is the analysis of the current situation. And fundamental analysis has double, triple, ... standards. Your set-up does not give you one hundred percent confidence in the correctness of an open position.

On the technical one, the situation is important, here and now. None of them give you absolute certainty, that's what the slots are for.))
 
strangerr:

On the technical side, because it is the situation that matters, i.e. the here and now. None of them give a hundred percent certainty, that's what the selves are for.))
Let's stop here. I still don't understand anything (oil).
 
prom18:
Let's call it a day. Still don't understand anything (buttery oil).

What's not to understand - there's a society of trailblazers frolicking around.
 

I drew a picture on the euro.

 
sorry, wrong extension.
Files:
hkpm-nxuv.zip  17 kb
 
This has already been drawn, I even asked about the actual volumes, but apparently no one has (((
 
Temnyj:
I support and completely agree.
Then what are you guided by when you open and close a position, if not a prediction? I don't think you should be so categorical in dismissing forecasts, but it depends on what kind of forecasts and what they are based on.
 
strangerr:

It may be 39 and 70, the main thing is not to guess what it will be there, but to look for entry points at the right time. That is why I say that the forecasts are meaningless, useless for trading and unrewarding.

How do you check the wolfs, at what points?