Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
i am starting a thread to show that price forecasting is indeed possible once we think out of the box. attached is the price forecasting for S&P500 emini for 21 Nov 2011. I will be recording my forecast for a few markets when possible.
Timeframe (T) = Day trade
Trend (T) = Down
Entry (E) = Sell once price breaks 120100
Stop (S) = 121500
Target (T) = 118925, 118950
Pattern recognition models based on linear function does not work well on financial markets. Trying to fit nonlinear markets into a linear model will not have satisfactory outcome.
attached is the price forecast for S&P500 using chaos.
currently it is at 118400
based on the picture, if it goes above 119500, it will range between between 119500 and 120850, but if price breaks below 118075, more down turn is expected.
attached is the longer view for S&P500, currently it is achieving price equilibrium before making a move downwards. what will come will come and price will move lower to complete the bigger equilibrium.
Thank you for your interest, before we start on the route of indicators, it will be more fruitful to first understand this unconventional concept of price forecasting.
attached is another picture, price has move down below the 1st equilibrium, and we begin the march towards the expected forecast price.