Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Tuesday, 15 October 2013

EURUSD: Hurst's Future Lines of Demarcation

I have not posted this study for some time, for a number of reasons, but mostly because I am sure readers wince at all the lines. However, they are worth persevering with in my opinion. This is the latest update utilizing Adaptive MA's with time frames as laid down in Grafton's update on Hurst's work. I have to admit to adding in just a little of my own interpretation of matters in the pursuit of efficacy for my own trading endeavors. The basic timescales are in trading days not calender days and the FLD's are 'one half cycle shifted forward' MAs of the underlying trends as isolated by the non shifted MAs. I use Predictive Moving averages now instead of Hulls and an Adaptive version that flat lines in corrections, thus providing 'plateaus' for price to sit on or under in retracements. In my own work, the key trend being followed is the 3.5day cycle; green for up and red for down. I am looking to buy a green 3.5day MA when price retraces to the 1.75d FLD (50% in time and price!!) when the momentum studies are oversold and vice verser for selling with a red 3.5day trend line. Predictive MAs in Ensign are super quick and do not seem to lag price. The higher order FLDs provide targets and an opportunity to storyboard the price action independent of Elliott Waves, which I continue to find temperamental to say the least. Based on Goodwin's work, I assume that price will travel up and down a '50% of' or 'double of' the previous FLD that has been 'cut' or 'bounced off', seeking permission from lower order FLDs to move on to higher order and returning to lower order there-on-after. I have learned to see the 'ladder' as quite fluid and very elastic, so hard and fast rules are best left aside, other than my entry approach of using the 3.5day trend and 1.75day FLD/momentum study combo (with the opening range and daily pivots of course!). For now, I am awaiting EURUSD to return to the 1.75d.FLD to look at the momentum study and PA.

No comments:

Post a Comment