My new chaos findings implemented in forex trading

forex live trades, setups, charts

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Paul&Paul
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GBPUSD tests 1.5616

Postby Paul&Paul » Tue Dec 06, 2011 5:30 am

GBPUSD has returned to the UPO @ 1.5616.
This is a test of recent "strength".
The vector field orientation invariably down.
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ForexTiger
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Postby ForexTiger » Tue Dec 06, 2011 2:18 pm

Interesting thread. Began reading from the first page. Not finished reading though. Reminds me about a book I read about CHAOS.

Paul&Paul
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EURCAD

Postby Paul&Paul » Tue Dec 06, 2011 6:27 pm

EURCAD.

Look at those arrows and a collapse. There is a new huge (90pips) trigger down.
And a tiny (3pips) trigger up. And a semafor3.

So far EURCAD expanded 5.8664 of an earlier trigger down and slowed slides.
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Paul&Paul
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WIG20 on 6.12

Postby Paul&Paul » Tue Dec 06, 2011 7:14 pm

WIG20 as on Dec.6.
The index is performing poorly now. Sold at 2312 eyes the area around 2230 where there are three targets from three independent triggers down.

Traded neatly.
All the UPOs marked are determinants of the market which is bound to return to them some time in the future.
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Paul&Paul
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CHFPLN on Dec.6

Postby Paul&Paul » Tue Dec 06, 2011 7:25 pm

That big trigger down is like a black cloud.
2.4220=3.5794 is the nearest target.
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Paul&Paul
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EURGBP on Dec. 6

Postby Paul&Paul » Tue Dec 06, 2011 7:50 pm

EURGBP is very near 3.5699=8606 and it should be there sooner or later.
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ITA40 Dec.6

Postby Paul&Paul » Tue Dec 06, 2011 8:52 pm

ITA40.
That's what I got from a first study.
Risk on trading from 14899 until Thursday or so.
The Federal Reserve is actively and unapologetically printing money to buy time.
Time is precious, time is money.
It appears that a major bank was having difficulty funding its immediate liquidity needs. Be it French, be it Italian. That's a secret.
Some say that Fed concern about Bank of America was probably a prime factor in implementing the latest scheme. BoA deserves a glance then.
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The case of Bank of America

Postby Paul&Paul » Tue Dec 06, 2011 9:33 pm

BAC
Fed concern about Bank of America was probably a prime factor in implementing the latest scheme.

If BAC had fallen below $5, there could have been an avalanche of selling because some institutions cannot buy or hold a stock that is less than $5 per share.

BAC hit $5.01 the day before the central bank intervention.

A cascading BAC could have generated a disastrous situation. It was imperative that BAC did not plummet to 5,8664 of a trigger down and closed above $5 on Tuesday and that some scheme had to be implemented to drive the price higher on Wednesday.

The chart below shows it all.
The low then was 5.01.
BAC bounced off the lows and produced a trigger up which has already expanded 2.4220 times its size. Not bad at all. And given the fact how precisely it soared to 5.93, very fine indeed.

Some money was made on the slump and a lot of money must have been made on the rise. Isn't it paradise regained?

The two triggers down nominally potential culprits of slides act here also as
a defensive weapon against undesired short selling in the near term.

It is much easier to defend long positions with those two 4.669 borders of chaos in place, a little above the recent lows.
Also the two UPOs make us believe that there was a lot of good effort, and well done indeed.

If you had any doubts that interventions are blindfolded, here is a one telling you a different story.

My doubts are about the downside movement till 5.01. How much natural it was and how much inspired, wired, tapped, wash&go, etc.
The markets rallied sharply on Wednesday, enabling BAC and a few other troubled financial institutions to live to fight another day. But the fight is far from over. The central bank storming into battle on stocks is a rare event.
It is so rare, and so successful at the moment that I fear someone might order more servings when required.

BAC looks neat and orderly. No extravaganza. That's it. Cheers.
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I would not trust DJIA below12206

Postby Paul&Paul » Tue Dec 06, 2011 9:51 pm

There is some mischief in the recent behavior of DJIA. Why it could not make decent 12206 in the first leg? Search me.
Maybe to make it more creepy.
Anyway, talking about interventions I scratch my forehead if there wasn't more that the one officially confirmed last week.
The UPO is there nicely sitting below a huge trigger up (70pips).
Regular defence weapons. No traps.
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DJIA on Dec.8

Postby Paul&Paul » Thu Dec 08, 2011 1:44 am

DJIA is traded above 12206 and is firmer than two days ago recovering from 9.1299=12067 and setting a big trigger up.
This optimism is based on Europe and its leaders.
Asian stocks dropped though.
12150 is a level to fret about longs near term.
But before that stands the UPO @ 12183.
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