In this thread, I am going to share possible turning points in forex market specially for EUR/USD, USD/CHF and USD/CAD pairs. These turning points should be highs or lows. However I cannot say whether it is going to be a top or a bottom. but the only exact thing is that when turning point is so close, if the trend is up, then it will make a top and go down or if the trend is down, then it will make a bottom and will go up.
These turning points are calculated based on time cycles which exist on every time frame. I analyze time cycles of daily charts, 4H charts and hourly charts. Cycles do exist on 15 mins charts too. But they are too noisy and also movements are very small. So when several cycles come together, I take it as a turning point.
You have to build your own trading system based on this or you can get your trading decisions based on this analysis. Turning points ocurs on exact particular bar or most of the time +-1bar. Rarely it goes for +-2 bars or +-3 bars. Also the accuracy of the results will be around more than 70%.
So it is important to have a look at the trend when it comes near to the turning point.
I am going to share my first analysis here.
These turning points are calculated based on time cycles which exist on every time frame. I analyze time cycles of daily charts, 4H charts and hourly charts. Cycles do exist on 15 mins charts too. But they are too noisy and also movements are very small. So when several cycles come together, I take it as a turning point.
You have to build your own trading system based on this or you can get your trading decisions based on this analysis. Turning points ocurs on exact particular bar or most of the time +-1bar. Rarely it goes for +-2 bars or +-3 bars. Also the accuracy of the results will be around more than 70%.
So it is important to have a look at the trend when it comes near to the turning point.
I am going to share my first analysis here.
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