Trend Reversal Prediction

[jackass]

Originally Posted by FXHolic

Hello

US Dollar weakness seems to be over by Friday on Non-farm payrolls. I expect the market to have its last blow on the announcement of the news which I expect to be the last high on EURUSD GBPUSD other USD ps at least for mid-term.

I therefore think that it would be the best time to buy USD on mid term basis.

I've been waiting for the turning point on EUR/USD forever. instead I just keep taking it in the ass...

[vsampier]

"Time For A Change"

The July 13-18 Exchange Point period is fast approaching if I have calculated the Market Time Sequence for EUR/USD correctly we should
be seeing a new High Peak sometime during this period to be followed
by a trend reversal to the downside. That downtrend should continue for at least 2 Epochs (at least through the Sept. 3 - 5 Exchange Point - but this downtrend may entend for up to 5 Epochs - Nov. 1 - 3 Exchange Point).

Let's also see if the Price projection that I posted (somewhere in the 1.3753 - 1.3782) comes to pass although I feel far less confident with Price projections since this technique Exotorus charts deal with Time Market Time only - not Price. I actually came up with this Price projection range by exping some related research on another of Mr. Gann's less-known techniques. In fact everything that I have described in these posts is based upon Mr. Gann's less-known yet much more valuable concepts. You will note I have not spoken about any of the usual run-of-the-mill Gann techniques such as Gann Angles Gann Fans Square of 9 etc. in this discussion.

Clearly today the EUR/USD has started its climb towards that projected Reversal Price Range.

Let's see what happens.

[vsampier]

'Score Card Time'

Lets take a look back see how the EUR/USD has progressed comparing against my earlier projections:

I had projected that the upswing trend that was in effect since June 13 should have peaked reversed sometime during the July 13-18 Exchange Point Period - In reality that peak reversal did happen just beyond that July 13-18 exchange Point Period on July 24.

So my projection or my calculation of the July 13-18 Exchange Point period in the Exotorus chart was slightly off by a few days. As I've said earlier I remain humble I am still trying to refine my research timing.

Bottom Line: My Score: Close but No Cigar - Practice Makes Perfect!

Currently the EUR/USD is still in that downtrend reversal. We are approaching the end of that 2 Epoch period for this down swing which occurs during the Sept. 3-5 period.

As I stated in my earlier projection the EUR/USD should either start a new uptrend during this Sept. 3-5 Exchange Point period or thie current downtrend may last for up to 5 Epochs which would take us to the Nov. 1-3 Exchange Point Period.

Finally addressing my previous Price projection that projection turned out to be fly close for the price area on July 13 which I had said was probably the most likely Reversal Date during the July 13-18 Exchange Point Period. Earlier I had said that my confidence in Price projections was far lower than it was for my Time projections due to the fact that the Price projection came some new research I have been conducting. So I am somewhat pleased that the Price projection was fly close for July 13 however the true Trend Reversal occurred on July 24.

'Time is most Important'

Let's circle back in a bit see how the EUR/USD Market Time progress.

'Time to join Mr. Gann Mr. Elliott Mr. Bond for one of those Stirred Martinis'