You're right, it's a GUESS. I could draw several more "guesses" but none would be considered "best". I can't draw roadmaps like you. I wait for the nearest point-of-interest (above & below current price) to be reached, trade it or pass, then find ...

Why it is possible to predict price movement?

FYI, the indicator is based upon the WEEKLY pivot so at the time price hits the 61% on these charts, that is the previous week. So the 61% wasn't there when price reached that point because at that time, the 61% would have been at a different ...

Why it is possible to predict price movement?

Thanks! Nice season for the Jays.

All Majors and Gold

Any thoughts? Thanks for the lessons :-)

Why it is possible to predict price movement?

CJ's forecast from Mar. 8, 2013 "I can see this walking down the line to the 112.50 - 113.50 area, then a run to higher highs...140's at some time maybe....months away or years maybe for those 140's"

Why it is possible to predict price movement?

That was prior to the big drop. Report is from the close on tuesday. Next week's report will show a big change in the opposite direction (increase in shorts). Without seeing all the option positions, pretty hard to see the full story. If I'm long 1 ...

EURUSD

Thanks for the detailed explanation. I've started reading your blog. Only 1,000+ pages to go. My prayers for your wife.

Why it is possible to predict price movement?

Hi CJ, Thanks for the lessons. On your sell stops (and TP) you have below the market, are they placed at any particular price or just placed at certain intervals? Also, how do you deal with SLs when new entries are added? Are they placed with an EA ...

Why it is possible to predict price movement?

In the movie (Back to the Future) that came out many years ago, today (Oct. 21, 2015) is the day they went to in the future so the discussion is about how close the movie was in it's view of the future.

EURUSD

I know most here are scalpers so disregard but in the big picture I think we might have hit a turning point today. ***As soon as that stubborn 2012 level breaks :-)

Carpe diem: Intraday tactics for Dax and Dow

Ackman bought an additional 2 million shares of Valeant today :-) ***BTW, his fund is down 12.6% (before this Valeant plunge) for the year so the "gurus" can have bad years too.

EURUSD

No position for me. Support is holding for now. Best short is wait for the break then enter on retracement.

Carpe diem: Intraday tactics for Dax and Dow

Near key support on S&P. My guess is it breaks lower.

Carpe diem: Intraday tactics for Dax and Dow

Long-term comparison.

The Really Useless Thread

Any indicator that "repaints" changes the lines at a later time to make it look like it predicted the price movement better. So on the far left side of that chart price was trending up so the lines would have been sloping up in real time but as ...

Two Bar Line Indicator

Just be aware of the repaint though. I was pointing to the curve in the blue line. Notice how it was curving down BEFORE price made the big fall. That shows it repainted after the fact. Prior to the fall I'm sure the blue line would have been curved ...

Two Bar Line Indicator

It's an indicator that repaints so probably TMA.

Two Bar Line Indicator

I've done quite a bit of research on the subject of "production cost" as I've been scale-in buying. It's difficult to get a good production cost number since 70% of mined silver is a by-product of mining other metals (copper, zinc, lead, etc....). ...

The Really Useless Thread

They're both due. Good luck!

All Majors and Gold

Still making higher lows. I think a test of 49 area early next week. A break sends it 53-55 area IMHO. ***Poor china data sunday could cause a break lower.

USD/CAD