Not anything really to write about today, as it pertains to trading USDJPY and/or gold; both aren’t doing anything and have low daily ranges and low HVALUES. Once again today, USDJPY didn’t go past the 40 PIP threshold [LMFX server] until New York was well underway, telling me that overnight was dull and listless.
We’re in Holiday mode here on “hump day”, and it only gets worse from here to next week, when the world returns from New Years; expect nothing tomorrow and even less on Friday.
On the bright side, I’m getting the archival chart work done on USDJPY & gold, and sometime over the New Year’s weekend, I will have the exhaustion charts up in the “Download Links” section of the website for viewing and/or download; 3rd & 4th calendar quarter of 2016 for gold and 4th calendar quarter of 2016 for USDJPY. These charts [with commentary] are an invaluable source of information for you; not only do they catalogue every exhaustion move in each market for lengths of 9 minutes or more, along with the charts are the spreadsheets that give all the relevant cycle information with details. Once you spend some time looking at these, the only conclusion to be drawn is that the volatility algorithms for both markets are “right on the money” and it is statistically impossible for “random events” to have been responsible for the moves from top to bottom or bottom to top in the short term, with the accuracy of literally pinpointing the exact top or bottom from where the move started to the exhaustion lines, and for the “collective error rate” off of Gann’s ‘Square of Nine’ to be less than hundredths of a percentage point in both time and price!” YOU WANT PROOF THE ALGORITHMS WORK? I GIVE YOU MATHEMATICAL & STATISTICAL PROOF!
As for now, the sun is shining and you know what that means … time for the beach. I’m sooooooo outta here … until tomorrow.
Have a great day everybody!
OPEN A DEMO AND/OR LIVE ACCOUNT [CHOOSE THE “ZERO ACCOUNT”; REFERENCE ID# 6952 WHEN OPENING YOUR ACCOUNT] AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”