Activity of currency dealing couples on Fx industry
has a route, so called pattern, which can be seen well in the end, but for more
efficient work investors should know its route at the starting of dealing weeks
time.
There are several factors developing a pattern on
Forex market:
1. Activity of currency dealing couples on Saturday
on the United states
2. Starting of Gap (price gap by the end of the
previous day and at starting of the next one) at nighttime on Wednesday (Asian
dealing session). The result is that the hit level of resistance stages of
couples very often become the support stages, and the couples, having created a
begin from these stages, shift in the given route during the weeks time.
Between the United states dealing period on Wednesday
and the Oriental one on Saturday the route of optimum level of resistance
stages (on fractals and zigzags) decides the begin point for currency dealing
couples, which break the level of resistance up-wards or downwards and, as a
guideline, shift in the given route of a pattern.
The first and the basic function of currency dealing
pairs' conduct on Fx industry is their movement on the United states
If a negative information launch does not effect the
bounces of currency dealing couples on Saturday, this implies that agents and
banks were not ready for such rises and the movement should begin on Wednesday.
If a currency dealing has created a sharp pattern
jump, there are two possible scenarios:
1. A new trend of pattern, for example 400 factors,
which the currency dealing couples had passed for the the other day, will
become a first trend, and the third trend in the same route, which is equal at
least 640 factors, is by 60% longer.
2. Being at the begin of mid-term pattern from 4-hour
to daily and every week index charts, the rollbacks reach from 23% to 62%.
Activity follows the pattern, a new weeks time - a new pattern jump.
If at the Saturday United states period the currency
dealing did not begin its movement in the marketplace, this implies that agents
cannot determine the pattern or moving route for the next weeks time, and this
route will be known only on Wednesday.
From everything mentioned above we can make a
conclusion: based on conduct of the Elliot Surf, Saturday period decides the
currency dealing conduct for the next weeks time starting.
1. If potential power of a pattern is very strong and
there was a pattern jump on Saturday, then on Wednesday or Thursday a
modification or change can be predicted, or a new pattern trend.
2. If on Saturday the currency dealing went against
the pattern, then Saturday movement will turn into modification or into the
first trend of an opposite pattern.
3. If the currency dealing did not begin its movement
on Saturday, then a movement creation can be predicted on Wednesday or
Thursday.
One more important function of the currencies
industry Forex is the research of Forex economic schedule for next weeks time.
For this purpose it is necessary to mark the events, which can prediction a
pattern route and all up-dates to it.
Besides, there is one more attribute, it is necessary
to pay attention to the Gap, which appears at nighttime on Wednesday, whether
currency dealing couples of the companions are started out up-wards or
downwards and which route the currency dealing pair is to shift in after this
at the Oriental dealing period, as a guideline, the currency dealing goes in
this route next weeks time.
In order to earn on industry, it is necessary to
understand that intraday pattern does not exist by itself.
Every investor should come to the main conclusion:
currency dealing makes the most part of its movement until the information
launch and only a slight movement is noticed when the information was formally
verified.
