Recent content by FDateTrader

This week (ending 11/14) is expected to produce a weekly swing bottom based on historical cycle patterns. At the time of this post, the weekly/daily low is sitting on support based on a 270-degree drop from the week 10/10 top high. Whether this support will hold or not is uncertain (of...

In the case of the post, both. The low of that particular week was also the weekly low. When I refer to 'weekly', I'm looking at a weekly time-frame chart. When I refer the 'daily rally' that would result from that weekly low, then naturally it would be coming off the lowest price of that...

Update on events. Keep in mind that the numbers I am posting actually apply to the Australian Dollar FUTURES contract, as that is what I apply FDate cycle analysis to. Since AUDUSD obviously tracks (directionally-wise), confirmation on the futures side can be translated to the forex side. As...

Long-term feel I'm not adverse to taking intra-day trades, as those are what I do the most of. However, I like to align my intra-day trades with the higher-time frames to be sure I'm getting more wind in my sails. Looking at the daily and the weekly time-frames is my first check of these...

Pieter, The post I made about swings (believe it was the GBPUSD thread), I believe I made it clear that the swing top is confirmed when you have a LOWER-LOW while the high of the potential top is STILL INTACT. What you are describing is an OUTSIDE BAR (makes higher-high and lower-low). In such...

PAUSE formation warning. Today (4/7) did not move below the 4/4 low (which would have confirmed 4/4 as a daily swing top and potential weekly top). Rather, it formed an INSIDE BAR. When you have an INSIDE BAR that follows a higher-high bar, we call that a PAUSE formation. Usually if a market...

Based on Fdates cycle analysis, the potential for a weekly swing top in the Australian Dollar is considered VERY HIGH for this week. What this means is that the upside potential does not look good at this time and the downside provides the best trading opportunities for the near term. A weekly...

Swing terminology swing bottoms and swing tops. As more and more into the pool of trading commentary, the definition is starting to get watered down. For the 30 years I've been trading, and going back to the days of W. D. Gann (early 20th century), the terms 'swing top and bottom' refer to the...

Weekly Swing Bottom confirmed. "Based on cycle analysis, this week will likely see the British Pound put in a weekly low that results in a daily rally of prices." As it was posted last week on March 23, under the Subject "Weekly Bottom this week", that I was referring to last week that ended...

Limited as a correction The expectation was that it was limited. You'll note in my original post that this is considered (IMHO) to be a 'correction' move at the very least. But for a potentially limited move, today makes 5 straight bullish days in a row since putting in the expected swing...

BP Cycle Envelope Chart DuCann, this is not based on my cycle work, but is a Hurst technique I simply refer to as 'cycle envelopes' that gives an expectation based on recent price action. This particular chart is not really predictive, so I would use this just to get a 'current' visual of the...

Hi DuCaan, I have charts but they won't show you anything about my cycle work. J M Hurst is a dry read, but a valuable one. It's a good starting place though there's more beyond it. :)

Based on cycle analysis, this week will likely see the British Pound put in a weekly low that results in a daily rally of prices. However, while a weekly swing bottom is highly likely this week, it is not likely a significant trend changer. Rather, it appears more likely to become a minor...

Making Big Profits Trading from Home True, so very true. It was actually what lured me into this business nearly 3 decades ago. When I think back to that time, I must admit that I'm thankful that it did! Sure I had to pay the piper (a number of times) in account wipeouts (2) or major...

Why Trade Forex was the questions...right? I don't follow. The subject asks the question, "Why did you decide to trade forex?" So I listed a few reasons why "I" decided to trade forex. Not sure why you would label that as "shadiness". What am I missing?