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The unity of this article is to point out the similarities between large market selloffs in different timeframes in FX markets.I will try to inform you,the reader,common features of these events,a ‘sixth sense’ understanding of them,and to make sure you profit the most out of them.
Do these charts look familiar to you? Do you see any resemblance in them?
People say history doesn’t repeat itself,but it tends to rhyme.That is what happens with moments I like to call price waterfalls.A price waterfall is a continuous selloff of the markets usually as a result of a change in fundamentals,although multiple factors are involved.Price waterfalls are not a feature of only one market i.e they come in different shapes and sizes,but they behave in a similar way.It is a strange thing to say that markets ‘behave’.We need to consider that people are participants of markets and their behaviour reflects market prices.Therefore people’s behaviour in deteriorating conditions hasn’t changed much during the years.After all,large profits can be made during large selloffs.
What do these events have most in common?Lets have a look at them.
PHASE 1: A top
A top is a process,not a bar on the chart and…
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nhamfx16 avatar
nhamfx16 10 July

Good article



Dominos avatar
Dominos 21 July

Good article

NataAzov avatar
NataAzov 12 Aug.


AndreiLuschkov avatar

интересная статья

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Just think...
What if there really was a secret to trading? A secret code that every market abided by, in every time frame from 5 seconds to 5 years? What if the same analysis could be used to identify a short 1 minute swing in the EUR/USD and to identify the next major global financial meltdown, like the one that started in 2007? I suggest that there may well be...and that it comes from a complex set of mathematical laws that have been studied by ancient mathematicians for thousands of years, and have governed the universe for millions of years. I'm talking about Fibonacci Analysis. Not just your simple Fibo retracement, something much more complicated...and much more accurate.
What is Fibonacci?
In 1170, nearly 1000 years ago, a child was born in Pisa, Italy. He grew up to be one of the most important mathematicians of all time. His name: Leonardo Fibonacci. He is famed for his research into what is now known as the Fibonacci sequence: a sequence of numbers where each number is derived by adding together the two numbers proceeding it, for example:
1 , 1 , 2 , 3 , 5 , 8 , 13 , 21 , 34 , 55 , 89 , 144 , 233 . . . .
(1 + 1 = 2, 2 + 1 = 3, 3 + 2 = 5, 5 + 3 = 8 and so on...)
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Sanju777 avatar
Sanju777 29 Apr.


000rk avatar
000rk 29 Apr.

very interesting ! thank you !

AngleRMS avatar
AngleRMS 30 Apr.

good article

Zodiak avatar
Zodiak 30 Apr.

good work

ElizavetaKl avatar

Good job

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Fear and confidence are two of the most used words when it comes to the markets. This is no coincidence given that they the two most important drivers of the markets. Whilst trade account for some movement in the markets, it cannot be accountable for the larger violent movements.
Of course if a Canadian business owner needs to purchase materials from Japan the conversation of currency will register within the markets however this won’t be enough to drive price, not in the same way that fear can! Fear can absolutely destroy a market and once it takes hold only the bell or government intervention can stop it.
When George Soros shorted the pound on black Wednesday he did so with such aggression that there was no stopping the pounds collapse and while Soros was responsible for the initial movement, fear soon spread and as people started dumping the pound there was no way to stop it. The UK governments attempt to prop up the currency failed miserably as they simply couldn't cope with the amount of money flooding in against the pound. Eventually the government was forced to remove the currency from the ERM at an estimated cost of 3.3 billion.
One of the most brutal examples of fear was t…
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VictoriaVika avatar

RobFX  Insightful - very well done! A brilliant article. Inspiring! Many useful information, informative and helpful, also there are some useful tools introduced, thank you and best wishes from Victoria :)

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1. Some thought about probability and the impact of free informationThe exact time of an extreme event, like e.g. a market crash or the apocalypse, cannot be foreseen. This is due to the fact that such events occur randomly. Statistical inference allows testing some hypothesis about data with random properties – like e.g. the apocalypse will be on the 21th December 2012 (null hypothesis). But even when the data fulfills all criteria for doing inference, it never tells us if it is a valid sample of the object of interest or not.If we use for example a 95% confidence interval, we always face the risk of getting inaccurate results on 5% of all samples. And inaccurate simply means that the confidence interval does not cover the true parameter. Hence, even when the searched value is in between the calculated level C confidence interval, we do not know the exact value of the searched parameter. This is, using random data, impossible. In a nutshell, there might be an apocalypse one day. But the due date will not be the 21th December 2012. There is a higher probability that you win millions with gambling in the casino – and you may be one of the lucky guys who know that the probability of …
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Nicco avatar
Nicco 17 Dec.

Very interesting...but, one may suppose that professional traders are persons with an IQ higher than a mean citizen, I know someone with phD in mathematics who is broker in Chicago, and many smart mathematicians are involved in many financial activities. Of course, these smart mathematiciens (and economists) are responsables with the beginning of actual crisis. I don't believe that a professional trader can consider this foullish thinking about December 21. But, you're right, the smart traders are speculators, not angels, and can initiate something like panics to scalp the nonsmart ones...

Deta avatar
Deta 18 Dec.

Richard Olsen, beautiful person. I didn't know about the book, thank you for sharing.

Deta avatar
Deta 18 Dec.

about the booklet sorry...

SpecialFX avatar
SpecialFX 18 Dec.

I would just like to add one thing regarding this end of the world madness, the Mayans never predicted anything regarding the end of the world, that is just the absurd interpretation that some people have made. Imagine you have a car that has reached 999.999km, if you drive one more km, it will show 000.000, simply because it only has 6 digits, so in order to continue adding kms it goes back to zero. Same thing with the Mayan calendar. Everything else is just insanity :) Wasnt the world supposed to have ended in the year 2000 anyway? ;) I predict that there will be another prediction soon

Nicco avatar
Nicco 19 Dec.

Man kind have many obsessions and one of them is the obsession of round numbers. And everytime man prove a great stupidity: one who can split the atom or a nuclear particle may believe he can forecast the apocalipse, or a lot of strange paranormal things. But he can't forecast the next EUR/USD price...

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