Numerical Price Prediction Daily Analyses

expiated said:
This was a challenging 24-hour market cycle to trade, but upon analysis, I think things can be greatly simplified going forward my just entering positions in the direction of the eight-hour trend as rates bounce off the 12-hour and/or 40-hour temporal support/resistance levels—especially if the eight-hour trend is headed in the same direction as the six-day trend.
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...the above being based on an analysis of one-hour charts. Dropping down to five-minute charts, it appears this strategy falls into place rather nicely with the use of the 90-minute price range envelope for fine tuning support/resistance levels and the 13- and 24-minute baselines for registering short-term trend reversals/price rejections.

Examples of when you would purchase in-the-money binary option contracts using this tactic:
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For exact/precise entry points/levels, drop down to five-minute charts.
 
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  • AUDJPY - Nice bullish run
  • CADJPY was climbing so fast on Thursday and Friday that it offered no good entry/pullback opportunities.
  • EURJPY - Nice bullish run
  • GBPJPY - The bearish eight-hour trend is out of whack with the bullish six-day trend (which is losing momentum).
  • GBPJPY - Nice bullish run
  • NZDJPY - The bearish eight-hour trend is presently out of whack with the bullish six-day trend.
  • USDCHF - Nice bullish run
  • USDJPY - Nice bullish run
  • AUDUSD - Has the six-day slope gone neutral? (The eight-hour trend is currently bearish!)
  • NZDUSD - This pair has gone nowhere in the last two-and-a-half months almost. However, as of Friday, the eight-hour and six-day trends both look bearish.
  • EURAUD is in eight-hour consolidation mode, but the pair is overall bearish.
  • EURGBP's bullish eight-hour trend is presently out of whack with its bearish six-day trend.
  • EURUSD - the bullish eight-hour trend just now realigned with the bearish six-day trend on Friday.
  • USDCAD - Nice bearish run
 
expiated said:
CADJPY was climbing so fast on Thursday and Friday that it offered no good entry/pullback opportunities.
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As now configured, my five-minute chart setup would have offered at least nine opportunities over Thursday and Friday to enter a long position with respect to this "fast moving" asset.
 
expiated said:
EURGBP's bullish eight-hour trend is presently out of whack with its bearish six-day trend.
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Though EURGBP is overall bearish, the eight-hour trend is bullish, and price appears to have just been rejected at the 12-day temporal support level, giving me adequate reason to conclude that the pair just might hit my take-profit target of 0.8594 if it should opt to climb from 0.8579—hooking the two-hour baseline to the north as it does so.

Moreover, the rate is in the lower half of the 36-day price range, with the 24-hour baseline having possibly just switched from a bearish to a bullish sentiment. So, if the two-day baseline does the same, who knows how high EURGBP might eventually climb before finally resuming is prolonged descent?

ScreenHunter_9663 Mar. 14 20.12.jpg
 
This EURAUD position, which was a risky trade that went against the prevailing trend, was made based purely on structure, and yet, it appears it just might pay out. On the other hand, my EURGBP position, which was made with the prevailing trend, looks like it might try to stop me out.

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UPDATE #1: Rather than wait for the pair to stop me out, I exited my EURGBP position for a loss (most of which was covered by EURAUD) and I'll now observe to see if the Euro - Cable reaches what I deem to be a significant support level at 0.8569. If it is rejected there, I might try buying the pair again.

UPDATE #2: Hmmm? EURGBP never reached my stop loss, and the 13-minute baseline is once again bullish. If the 24-minute baseline also turns bullish, I'm going to have to buy this pair again with the exact same stop loss and take-profit target as before.
 
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expiated said:
EURGBP is too crazy to trade right now.
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For me, EURGBP is not a candidate for a short position. That said, the next level of support as I see it is down around 0.8553. (I'm finding greater favor with AUDUSD...)

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(...and CADJPY.)

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