Weekly Range - opening 1.0965
Differences todate
Opening and High -141 pips (1.1106)
Opening and Low - 2 pips (1.0963)
Overall Range - 143 pips.
The typical range for weekly remains at 300 movement. Based on the monthly range it surely either achieves the targeted 1.14 by month end.
However it would seem unlikely as the weekly range is can only indicates a range between 1.09 - 1.12 or 1.08 - 1.11.
But there`s a market issues occurring this week which will affect this coming thursday.
If i were to based on my original target, with a potential boost of 300 pips bullish - it`ll hit 1.14. And vice versa, a 300 pips bearish could hit 1.06.
Pending confirmation the next 2 days.
Monday, July 27, 2015
MOnthly - Update
Monthly Range Update - 27/7/15
Differences todate
Opening and High - 84 pips (1.1208)
Opening and Low - 323 pips(1.0801)
Overall Range - 407 pips
If looking at this monthly range, it can be implied that the potential next week movement is bullish towards the next 300 pips momentum.
The opening price for today though was at 1.0965, instead of what was targeted at 1.1101 for last week as a mean to complete the weekly cycle.
As such, there`s still a potential of going further up towards 1.1401 or 1.0601 but it all depends on today's result.
As of now the Highest achieve is 1.1106 with low remain at 1.0965. Based on the present low figure, the highest it could achieve in terms of weekly is at 1.1265 thus a mere resemblances of the previous high range. And also it would not complete the whole potential pictures of monthly range.
Potential
High - 1.1208
Low - 1.0608
Differences todate
Opening and High - 84 pips (1.1208)
Opening and Low - 323 pips(1.0801)
Overall Range - 407 pips
If looking at this monthly range, it can be implied that the potential next week movement is bullish towards the next 300 pips momentum.
The opening price for today though was at 1.0965, instead of what was targeted at 1.1101 for last week as a mean to complete the weekly cycle.
As such, there`s still a potential of going further up towards 1.1401 or 1.0601 but it all depends on today's result.
As of now the Highest achieve is 1.1106 with low remain at 1.0965. Based on the present low figure, the highest it could achieve in terms of weekly is at 1.1265 thus a mere resemblances of the previous high range. And also it would not complete the whole potential pictures of monthly range.
Potential
High - 1.1208
Low - 1.0608
Thursday, July 23, 2015
Gold
Gold
Monthly
Opening - 1172.61
Low todate - 1086.70 (8591 pips)
High todate - 1174.69 (2080 pips)
Range - 8799 pips
Either the monthly itself is 8000 or 9000 pips range remain to be seen and understand.
If it`s as such, then there would be no more room for it to bounce back above.
But on a balance term if such a bounce and balances available, it would need to reach another 6000 plus pips. So i could guess a potential of 16000 pips range in terms of monthly.
Meaning to say, the next highest before month end could be 1246.70
Weekly
Opening - 1131.81
Low todate - 1086.70 (4511 pips)
High todate - 1132.53 (72pips)
Range - 4583 pips
I would guess that the weekly range is at 8000 pips thus a potential bounce upwards within this 2 days for gold.
I say targeted price at 1166.70 potentially.
Daily
Opening - 1093.73
Low todate - 1093.16 (47)
High todate - 1105.31 (1158)
Range - 1215 pips
I woulg guess the daily range is at 4000 pips thus a potential upwards to 1113.73 or 1133.16
Let`s see tomorrow then.
Monthly
Opening - 1172.61
Low todate - 1086.70 (8591 pips)
High todate - 1174.69 (2080 pips)
Range - 8799 pips
Either the monthly itself is 8000 or 9000 pips range remain to be seen and understand.
If it`s as such, then there would be no more room for it to bounce back above.
But on a balance term if such a bounce and balances available, it would need to reach another 6000 plus pips. So i could guess a potential of 16000 pips range in terms of monthly.
Meaning to say, the next highest before month end could be 1246.70
Weekly
Opening - 1131.81
Low todate - 1086.70 (4511 pips)
High todate - 1132.53 (72pips)
Range - 4583 pips
I would guess that the weekly range is at 8000 pips thus a potential bounce upwards within this 2 days for gold.
I say targeted price at 1166.70 potentially.
Daily
Opening - 1093.73
Low todate - 1093.16 (47)
High todate - 1105.31 (1158)
Range - 1215 pips
I woulg guess the daily range is at 4000 pips thus a potential upwards to 1113.73 or 1133.16
Let`s see tomorrow then.
Update @ 4.20pm
The weekly range todate for EU has reached 196 pips, with another 104 more to go within this 2 days.
The daily range remains 83 pips with a potential of another 67 or 117 pips to go potentially.
The daily range remains 83 pips with a potential of another 67 or 117 pips to go potentially.
Wednesday, July 22, 2015
Range
Monthly Range todate - 1.1124
Differences todate
Opening and High - 84 pips (1.1208)
Opening and Low - 323 pips(1.0801)
Overall Range - 407 pips
If looking at this monthly range, it can be implied that the potential next week movement is bullish towards the next 300 pips momentum.
Weekly Range todate - 1.0823
Differences todate
Opening and High -138 pips (1.0961)
Opening and Low - 22 pips (1.0801)
Overall Range - 160 pips.
If i were to based on this understanding, the potential movement for the month between the last 2 weeks is bullish towards 1.14 as per previous calculations. If it breaks below 1.0801, the lowest it could go is 1.0774,
Differences todate
Opening and High - 84 pips (1.1208)
Opening and Low - 323 pips(1.0801)
Overall Range - 407 pips
If looking at this monthly range, it can be implied that the potential next week movement is bullish towards the next 300 pips momentum.
Weekly Range todate - 1.0823
Differences todate
Opening and High -138 pips (1.0961)
Opening and Low - 22 pips (1.0801)
Overall Range - 160 pips.
If i were to based on this understanding, the potential movement for the month between the last 2 weeks is bullish towards 1.14 as per previous calculations. If it breaks below 1.0801, the lowest it could go is 1.0774,
Updates @ 22/7/2015
Been a while after my previous update. Been learning few things and now my trading are purely based on ranging mode.
I as of this time can conclude that there`s a habitual movement for EU according to it`s daily, weekly and monthly range. However to understand the nature of the trend still requires more in-depth knowledge and further understanding.
The daily range as per the typical habit is range in between 130 - 150 pips, while the lesser could reach around 80-100 pips while the most could go up between 200 - 250 pips. And usually the most are purely because of the nature of the previous daily range that did not achieve it`s typical range of 130 - 150 thus the balances was brought forward as a mean to compensate.
The weekly range based on what i can look at can be decided during the 1st day of the week during the "gap" occurences. If the gap closes below, the range movement will be up, and vice versa.
The range movements usually takes between 300 - 400 pips with the former being the typical habit movement. And at this time being, i could only based the potential high and low of the week based on the opening price and range in between which i placed around 150 pips in between.
The example as per below
Opening price after the gap - 1.0950
Potential High of the week - 1.1100
Potential Low of the week - 1.0800
The potential low or high of the week can be ascertained on Monday itself, with Wednesday and Friday being the days to confirm the validity.
For instances, EU this week
Open - 1.0823
Potential High - 1.0973
Potential Low - 1.0773
The price set the low as at 1.0801 on Monday while today (Wednesday), the price has reached 1.0961 (138pips) , thus the potential for it to move higher will be decided on this coming Friday.
But the present price set as at 1.0889 with the possibility of it`s heading toward the lowest low of the week.
And this can only be known if it`s break below 1.0800 within this 48 hours or less.
Looking at the 4hr timeframe, the last movement could be completed by 0400am before any possible retracement.
Now that`s remain to be seen this week.
The monthly range possibly 600 pips or 700 pips.
If i were to calculate according to this monthly opening price
Open price - 1.1124
Potential High - 1.1424 / 1.1474
Potential Low - 1.0824 / 1.0774
Another 2 weeks at least to see whether my targeted range as per the actual to be...
The concept is pretty much the same
Daily range - 150 pips with 75 pips in between
Weekly range - 300 pips with 150 pips in between
Monthly range - 600 pips with 300 pips in between.
The only thing to understand is the trend mode.
I as of this time can conclude that there`s a habitual movement for EU according to it`s daily, weekly and monthly range. However to understand the nature of the trend still requires more in-depth knowledge and further understanding.
The daily range as per the typical habit is range in between 130 - 150 pips, while the lesser could reach around 80-100 pips while the most could go up between 200 - 250 pips. And usually the most are purely because of the nature of the previous daily range that did not achieve it`s typical range of 130 - 150 thus the balances was brought forward as a mean to compensate.
The weekly range based on what i can look at can be decided during the 1st day of the week during the "gap" occurences. If the gap closes below, the range movement will be up, and vice versa.
The range movements usually takes between 300 - 400 pips with the former being the typical habit movement. And at this time being, i could only based the potential high and low of the week based on the opening price and range in between which i placed around 150 pips in between.
The example as per below
Opening price after the gap - 1.0950
Potential High of the week - 1.1100
Potential Low of the week - 1.0800
The potential low or high of the week can be ascertained on Monday itself, with Wednesday and Friday being the days to confirm the validity.
For instances, EU this week
Open - 1.0823
Potential High - 1.0973
Potential Low - 1.0773
The price set the low as at 1.0801 on Monday while today (Wednesday), the price has reached 1.0961 (138pips) , thus the potential for it to move higher will be decided on this coming Friday.
But the present price set as at 1.0889 with the possibility of it`s heading toward the lowest low of the week.
And this can only be known if it`s break below 1.0800 within this 48 hours or less.
Looking at the 4hr timeframe, the last movement could be completed by 0400am before any possible retracement.
Now that`s remain to be seen this week.
The monthly range possibly 600 pips or 700 pips.
If i were to calculate according to this monthly opening price
Open price - 1.1124
Potential High - 1.1424 / 1.1474
Potential Low - 1.0824 / 1.0774
Another 2 weeks at least to see whether my targeted range as per the actual to be...
The concept is pretty much the same
Daily range - 150 pips with 75 pips in between
Weekly range - 300 pips with 150 pips in between
Monthly range - 600 pips with 300 pips in between.
The only thing to understand is the trend mode.
Wednesday, July 1, 2015
Bijak Forex technique
Will be adding up the above mentioned technique today for a test try.
Buy Stop 1.1060 tp 1.1080
Buy Limit 1.1045 tp 1.1065
Buy Limit 1.1030 tp 1.1030
Sell Stop 1.1050 tp 1.1030
Sell Limit 1.1065 tp 1.1045
Sell Limit 1.1080 tp 1.1060
BS1 - tp done.
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