28 may - 1 june Forecast

Last week summary.

Cable trades: +65, +25, +5, +45, +15, +145, +25, +10, +35, +10, +5 = 385 pips. 11 Trades/ 11 winners.

Euro trades: +80, +20, +5, -5, +5, +25, +30, -5, +35, +20, -15 = 195 pips. 11 Trades/8 wins/3 losses.

New Home Sales at 16:00 (CET)

Notice this tiny time shape. This comes exactly at 16:00 when the new home sales data will be released. I suspect that the first hit is going to be on the upside and then after first reaction market will resume trend.

Forecast update

Today we have some important data so even more interesting day comming.Situation didnt change much, time shape expected is almost perfect on cable, euro as previouse days still has got a bit more deviation but whats important it makes money.

"Delusional" forecast update.

Again same as yesterday, cable jumped up on its time path just after data release in the morning. Euro thou had to strugle a bit before it got started. Some more comments on that later.

Forecast update.

Interesting situation, compare the eurusd and gbpusd on the same cycle. As you can see, those two instrument are pretty close with each other`s vibration. This time cable followed time pressure much closer than euro. You will see more of this kind of corelation in the future. So not much of a long on that euro trade and now short.

Couple words of explanation.

What you see below are the charts of TIME PRESSURE ANALYSIS (TPS). You probably wont find this term anywhere else but I guess it describes itself clearly. My research brought me to the conclusion that every instrument has got its own beat or pulse - some of you who are familiar with Gann can recall the term "VIBRATION". This beat or vibration is something like DNA, a mark or a sign that every object contains. Everything about it is founded in TIME and time itself is the mark of any object. Time determines time, direction of the movement and as you will see in the future also the scale of the movement.
Now putting the magic words away: I belive that markets are usually rather predictable than not. The proof of it does not exist in theory thou only in practical statistics. And by the way, it is not a proof - its just a huge amount of evidence. Some might say that seeing a thousand correct predictions and a hundred wrong would be a proof and the others wouldnt agree. So this is not the case here and I am not going to deliberate about philosophy which on the other hand seems to be very interesting.
Treat this blog and what I write here in whatever way you want. I hope we can have some good ride here watching the "proof" proving itself... or not.
cheers

Forecast update.

So far so good. Lets see how this long will work out.

Recent week...

Recent week action.

EUR/USD 21-25 May 2007 forecast.

A picture worth thousand words.
CET (central european time) zone.

Glass Ball Trading welcome note.

not much to say right now...