Ok,
Interesting data from last week.
Notes for next NFP (and YES..The MATH worked even with the volatility the projected levels were in range )
It's a learning process
Anyway...
Levels I'm looking at:
EUR/CAD: 1.4106 / 1.4000 (avg. 55p move)
EUR/GBP: .8841 / ..8769 (avg. 35p)
US/CAD: 1.0146 /1.0057 (avg 40p)
GB/CHF: 1.5195 / 1.5059 (avg 65p +)
NZ/JPY: 62.18 / 61.50 * NOTE...Daily trend line top about 62.27 ( avg 40 p)
** starting to see levels widening, making adjustments as I go. Still believe 15/18 pip buffer should suffice.
THESE ARE NOT TRADE SIGNALS Calculating probable "Turning Points" Not necessarily the Daily swing (although this is common). Generally "levels" are hit during the U.K. Trading sessions * I use a 15 to 18 pip buffer (+ spread) Most "turns" are good for 25+ pips BUT, not uncommon for 50+ pip runs I try to add possible target amounts based on averages. NO GUARANTEES...IT IS FOREX!!
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