Idea on maping the market?

[davidjss]

This is just an idea that I had, I know that in the markets history tends to repeat itself and I am throwing this up for discussion.

Remember back in your school days (Whenever that might of been) in math class there use to be a problem it was a sequence of numbers that you had to fine the next one in line



i.e.: 1 3 7 13 22 38 _?

and you had to find what came after 38. Im not sure what level of Algebra this was but here is what I am thinking. I know that world economy, prices, US Debt, EUR Debt, a german official farts, all of these cause the market to move and this will throw a wrench into accuratley caculating where the market will move but this might help us be able to get in to a 10-20 number range.

What if we could take the monthy chart from say June 1 to June 30 and put a simple graph to it, below is what I made up, nothing offical just to put it into a picture.




This is just an idea, you could take the daily chart, plot it on a simple graph and assign it numbers for the lows and highs, watch your fundamental analysis and what ever number comes next in your sequence (either your low's or High's) which ever one you do might be able to forecast which way the market might move in regards to current news and whats happend within the economical markets.

Im not sure how to do that prolem, I think its an algebra, or college algebra problem.

Any thoughts and ideas, this is just me thinking outside the box, not sure if something like this already exist or what!

Cheers!

 

[budado]

Theirs also what we called cycle. As just been explain in one forex site that I visited theirs always a month that that pair is bullish and theirs a month that its bearish. Maybe its because theirs a month that news has been release for one currency and theirs a month that news release for other currency.

 

[kasual]

if we observe the market movement, there is only uptrend, downtrend and ranging form of price movement. looks like easy how to act when we know how the market will move. but because the market unpredictable, become difficult to us determine the correct act.

 

[budado]

I also want to add the over bought and over sold monthly cycle. If you remove all of this indicators and only left the oversold and over bought chart. And look at the monthly time line you will see that its has a pattern. Just look at eur/usd in 2001 to 2012. Or just more than a decade cycle. You will see that in 2001 the price of eur/usd is low also. Does it mean a decade cycle?

 

[kalpeshmkm]

I am looking about from last two months movement of market specially of august market trend is like bullish and bullish against all about USD all currency going for new high against the USD and it think it will so on for this month also.

 

[budado]

Just trade one pair at a time. If you want to have a clear view about the market you must trade one pair at a time. In time you will going to understand how that pair works and you can add another pair and so on. Later on you will realize that you see the bigger picture much clearer.

 

[rexway]

Indeed you make things quit clear here for us yes this is correct having the mind and right attitude to trade one pair help us a lot because in forex trading when you trade one currency pair at a time you will get enough use to the pair and thus understand more about it which can make you give your time and effort value.

- - - Updated - - -

Indeed you make things quit clear here for us yes this is correct having the mind and right attitude to trade one pair help us a lot because in forex trading when you trade one currency pair at a time you will get enough use to the pair and thus understand more about it which can make you give your time and effort value.

 

[zebrut]

to determine the position in the trade must pay attention to the currency pair that we want to use because if we do not study the movement of the currency pair and just use instinct to establish a position would be very risky at all, and therefore if we want to open a position of currency pairs should really pay attention to the movement of the price action

 

[naninov]

For me... i usually use mt4 platform to analyze market, i mean why don't you just use tools that already exist? that indicator tools already created by profesional to help trader like us to analyze market movement...lot of tools we can use to analyze market with mt4 platform. i love using RSI, Stochastic and MACD to determine when and what pairs to open for trade

 

[budado]

Yes its much better that we use indicators. But the bottom line is how to do analysis and how to interpret that indicators the right way. Because if we use indicators and we make wrong interpretation we can end up getting wrong signal that can result to losing trade. That's why its best and important that we also enhance our capability to interpret.

 

[indieover]

Yeah it's not just learning how to use the indicators. You should learn how to use it very well so that you would have correct interpretations of the movement of the market. So for now I am just trying to use one indicator so I would be fully master how to use it well.

 

[martyn]

Such calculations may use primes where primes can be increased by calculation or less clear pattern, until this moment I do not understand how to calculate prime numbers with the appropriate

 

[Faal]

I started my trading without any mentor, but I had a plan! I opened my learning process with technical analysis then I started my demo with my acquiring knowledge, after learning technical analysis then I go for news analysis; now I use both kinds of analysis in my trading.

 

[Lee Mark]

Well, I read the market according to the technical languages! On the other hand, I am an active news trader! Thus, I am making handsome money here in every month without any panic! I seem, both kind of market knowledge is important here!

 

[lioneld]

This is just an idea that I had, I know that in the markets history tends to repeat itself and I am throwing this up for discussion.

Remember back in your school days (Whenever that might of been) in math class there use to be a problem it was a sequence of numbers that you had to fine the next one in line



i.e.: 1 3 7 13 22 38 _?

and you had to find what came after 38. Im not sure what level of Algebra this was but here is what I am thinking. I know that world economy, prices, US Debt, EUR Debt, a german official farts, all of these cause the market to move and this will throw a wrench into accuratley caculating where the market will move but this might help us be able to get in to a 10-20 number range.

What if we could take the monthy chart from say June 1 to June 30 and put a simple graph to it, below is what I made up, nothing offical just to put it into a picture.




This is just an idea, you could take the daily chart, plot it on a simple graph and assign it numbers for the lows and highs, watch your fundamental analysis and what ever number comes next in your sequence (either your low's or High's) which ever one you do might be able to forecast which way the market might move in regards to current news and whats happend within the economical markets.

Im not sure how to do that prolem, I think its an algebra, or college algebra problem.

Any thoughts and ideas, this is just me thinking outside the box, not sure if something like this already exist or what!

Cheers!

I would like to work with the full chart instead of any specific setup! Even, my 1st job is understanding the difference between the buyers & sellers! As a result, now I have increased my success ratio (on trading).

 

[Gito Dinev]

Till now Manual trading is the best! I always suggest combining all these indicators to generate good trading signals.

 

[Nayek Pichai]

Losing in Forex is a very common affair in Forex but when it is consistent, it’s a big hurdle and raises question about the capability.

 

[LouBega88]

For technical analysis, you have to use technical tools in the right way. But traders have to learn how to use these tools to analyze the market.

 

[Bahiya Shinam]

To understand so, you have to analyze the market fundamentally. And traders are less careful of this issue.

 

[Eduardo Lucchese]

You need to have a clear trading system here and stick to the technique for your better trading.