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  • #1,101
  • Jul 9, 2018 4:27am Jul 9, 2018 4:27am
taking a long here...on the weekly a double bottom was printed and bullish candles were printed, the last one being smallish...I believe this week will print a much bigger candle in view of the upcoming rate announcement on Wed., it helps when price is above the 34 ema on the daily and looking at the dashboard price is above the 10 ema on the various time frames..on H4 we see bullish action + cci is above 0 level, I also put up a 15 min chart for easy viewing..please note I am anticipating bullish data from Cad and pa is saying so too
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Click to Enlarge Name: CADJPYDaily.png Size: 67 KB
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the cautious seldom err....C
  • #1,102
  • Jul 9, 2018 7:05am Jul 9, 2018 7:05am
added
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the cautious seldom err....C
  • #1,103
  • Edited 7:25am Jul 9, 2018 7:09am | Edited 7:25am
sending in another soldier (buy stop),,art of war "you can be sure of success if you attack places that are undefended" Sun Tzu
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4.png Size: 86 KB
the cautious seldom err....C
  • #1,104
  • Jul 9, 2018 9:25am Jul 9, 2018 9:25am
Quoting pips29
sending in another soldier (buy stop),,art of war "you can be sure of success if you attack places that are undefended" Sun Tzu {image}
triggered....
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Click to Enlarge Name: CADJPYH4.png Size: 87 KB
the cautious seldom err....C
  • #1,105
  • Jul 9, 2018 9:39am Jul 9, 2018 9:39am
resignation of ministers over this "Brexit deal" is making usd stronger at the expense of sterling ..it might be an opportunity to load more cad related pairs especially the loonie and cad/yen..."when there is chaos there is opportunity" Sun Tzu
the cautious seldom err....C
  • #1,106
  • Jul 9, 2018 9:44am Jul 9, 2018 9:44am
sending in another warrior ( to capture a position)
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #1,107
  • Jul 9, 2018 10:04am Jul 9, 2018 10:04am
Quoting pips29
resignation of ministers over this "Brexit deal" is making usd stronger at the expense of sterling ..it might be an opportunity to load more cad related pairs especially the loonie and cad/yen..."when there is chaos there is opportunity" Sun Tzu
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,108
  • Jul 9, 2018 11:04am Jul 9, 2018 11:04am
in some dd with the loonie, looks like I have to endure some pain...you know what? it's often said "no pain, no gain" ha,ha
the cautious seldom err....C
  • #1,109
  • Jul 9, 2018 6:18pm Jul 9, 2018 6:18pm
Algos vs. the lowly retail trader. Can you compete in an algo world?
https://www.forexlive.com/education/...trees-20180709
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,110
  • Jul 9, 2018 11:38pm Jul 9, 2018 11:38pm
I don't trade this pair, it's just a demo practice for fun with pivotfactory:
AJ 4H. Currently @ head wind...
Attached Image (click to enlarge)
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,111
  • Jul 10, 2018 6:31am Jul 10, 2018 6:31am
Quoting heispark
I don't trade this pair, it's just a demo practice for fun with pivotfactory: AJ 4H. Currently @ head wind... {image}
Did you watch those Dean Malone videos on using the Weekly Extension levels based on ADR or AWR to trade?

He uses those levels differently.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,112
  • Jul 10, 2018 6:40am Jul 10, 2018 6:40am
Quoting emmanuel7788
{quote} Did you watch those Dean Malone videos on using the Weekly Extension levels based on ADR or AWR to trade? He uses those levels differently.
I enjoyed his videos until several years ago but it seems he doesn't update his websites anymore.... Long forgotten. Let me revisit his website and see if there's the video you mentioned.... Thank you for reminding me of this.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,113
  • Jul 10, 2018 6:42am Jul 10, 2018 6:42am
had to take some profits "to feel good" today
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 71 KB
the cautious seldom err....C
  • #1,114
  • Jul 10, 2018 6:47am Jul 10, 2018 6:47am
adding more shorts on the loonie..getting more confident as time gets nearer to rate announcement..a small dd according to pivotfactory standard
the cautious seldom err....C
  • #1,115
  • Jul 10, 2018 7:18am Jul 10, 2018 7:18am
them pivots are becoming a nuisance,,blocking the move up..will remove them EDit: done
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 71 KB
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the cautious seldom err....C
  • #1,116
  • Jul 10, 2018 7:46am Jul 10, 2018 7:46am
Quoting heispark
I was always negative to currency meter stuff, but this one fascinated me. It has great potential..... https://www.forexfactory.com/showthr...1#post11232771 {image} I think we can adopt the similar approach as Detrended Oscillator (DOSC): "we will use their historical extreme values. We have to estimate the extreme high (or average of 2-3 highest highs) and the extreme low (or average of 2-3 lowest lows). You may not use 100% of these extreme high or low of DOSC. You may apply, for instance 80-90% of these levels to make...
World Currency Unit (WCU)
http://www.ln.edu.hk/cpps/wcu/index.htm

The World Currency Unit (WCU)，or alternatively and perhaps more accurately, the “Global Purchasing Power Unit”(GPU), is an indexed unit of account that stands for a unit of real global purchasing power. Proposed by Lok Sang Ho, of Lingnan University, Hong Kong, it was first intended to be the basis for denominating global bonds, a debt instrument that is issued globally and subscribable by people and institutions around the world. Since each unit by design represents a unit of real purchasing power, using the WCU to denominate bonds improves the transparency of real interest rates, as the stipulated interest rate on WCU-denominated bonds already represents a real interest rate. In principle, the common denomination of bonds by issuers from different parts of the world using the WCU will produce more efficient capital markets, as savers and borrowers around the world converge in their understanding of what each basis point of interest means.
Irving Fisher in his 1911 book The Purchasing Power of Money had advised that the purchasing power of money should be stable if it is to serve as a unit of account, a trusted medium of exchange, and a reliable store of value. Unfortunately, substances that exist by the bounty of nature, such as gold or silver, cannot have such property since their values fluctuate with changing supply and demand. This is the motivation behind all indexed units of account, of which Robert Shiller of Yale University is a principal proponent.
To be meaningful as a unit of standard real global purchasing power, a WCU will have to represent a basket of global output. According to the initial proposal by Ho, the WCU(0) is a basket of the gross domestic products of key market economies in the world in base year 0, namely the USA, the Eurozone and UK, Japan, Canada, and Australia. Addition of these GDPs, each in its own currency, is done by converting all GDPs into US dollar values in the base year.
When the WCU was first designed, the sum of these GDPs are scaled down to equal $100 in the base year. The scaling factor λ then becomes part of the definition of the WCU, as it defines the size of the GDP basket. Thus a WCU series must be specific with respect to an output basket for a specified year.
As of 2009, we have redefined the size of the WCU and have changed the base year from 2000 to 2005. In principle, for any extended period, sticking to a fixed output basket would be misleading, since production as well as consumption patterns will change, as will the relative importance of economies. One innovation that we have introduced is to update the GDP weights every year. It should be noted that although the GDP weights are allowed to vary from year to year, we DO NOT CHANGE THE BASE YEAR. under the new methodology. Although the weights do change, all currencies are indexed against inflation since a common base year, and we can still say that we maintain the purchasing power as defined in the base year. It has been proven that the WCU is equivalent to a standardized basket of currencies each indexed against inflation since the base year. The standardized basket of currencies, as well as the WCU2005, is defined to be worth US$1 in 2005.
We have not yet changed the time series presented in the historical graph from 1970, which was derived with "rebasing" every five years, and which generally continues to portray the general movement of the nominal value of the WCU since 1970
For more details about our new methodology please visit our Daily Quotations page. On each business day we will announce the updated valuation of the WCU2005 in each listed currency as well as how many units of the listed currencies a WCU2005 unit will buy.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,117
  • Jul 10, 2018 6:58pm Jul 10, 2018 6:58pm
Quoting heispark
I don't trade this pair, it's just a demo practice for fun with pivotfactory: AJ 4H. Currently @ head wind... {image}
What a coincidence... with a support by China...
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,118
  • Jul 11, 2018 6:53am Jul 11, 2018 6:53am
Gold is becoming cheap, and I will be looking for buying opportunity next week....

MN
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WK
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,119
  • Jul 11, 2018 9:14am Jul 11, 2018 9:14am
Faded UC for fun with small account....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,120
  • Jul 11, 2018 9:20am Jul 11, 2018 9:20am
ended well for both cad/yen and the loonie..must admit mm were quite ruthless but I stuck on to my guns.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 73 KB
Click to Enlarge Name: USDCADM15.png Size: 70 KB
the cautious seldom err....C
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