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GBP/USD Benchmark
01-27-2010, 12:13 AM
Post: #1
GBP/USD Benchmark
Well we all know how quickly you run out of Map when you are looking
for Higher Degree location data in Forex.

Just isn't sufficient history. There isn't much you can do about it.

Over 30 years and all that seems to be there is a partial correction.
That's not much help.

But...

This Cable chart has something which is crucial. I never noticed it
before. If you don't have enough history you can use the NEWR to help
by using differentiation.

This is the Benchmark for Cable and it shows in the inset the area
which aided the construction of this viewport. My feeling is that it
starts with a [B] wave. That starting point is labeled as [B] or [4]
because that could be either one.

As a matter of fact this entire labeling may be incorrect due to the
insufficient data. It is not possible to be 100%.

However, once locating the Motive Differentiation everything conformed
to the NEWR 100% in both directions as near as humanly possible to be sure.

Admittedly this is Weekly data but the scale is so large that there was
only one wave where 1 & 2 were hidden and that was an obvious fast
drop off anyway. Daily data was available from mid-1997.

Not sure if this resolves to prove otherwise within MY lifetime. Rolleyes

Confidence: Extremely High

Smile

   

Comments please.

Smile

TS Hennessy
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Messages In This Thread
GBP/USD Benchmark - TS Hennessy - 01-27-2010 12:13 AM
RE: GBP/USD Benchmark - Steely Dan - 01-27-2010, 04:03 AM
RE: GBP/USD Benchmark - TS Hennessy - 01-27-2010, 12:11 PM
RE: GBP/USD Benchmark - pips4life - 01-30-2010, 07:17 PM
RE: GBP/USD Benchmark - TS Hennessy - 01-30-2010, 11:53 PM
RE: GBP/USD Benchmark - Steely Dan - 02-18-2011, 09:51 PM
RE: GBP/USD Benchmark - theoryman - 02-19-2011, 03:20 PM
RE: GBP/USD Benchmark - TS Hennessy - 02-18-2011, 10:32 PM
RE: GBP/USD Benchmark - Steely Dan - 02-18-2011, 11:01 PM
RE: GBP/USD Benchmark - Steely Dan - 02-23-2011, 05:24 AM
RE: GBP/USD Benchmark - theoryman - 02-23-2011, 07:54 AM
RE: GBP/USD Benchmark - Steely Dan - 02-24-2011, 01:15 AM
RE: GBP/USD Benchmark - RayH - 02-24-2011, 03:06 AM
RE: GBP/USD Benchmark - Steely Dan - 02-24-2011, 05:30 AM
RE: GBP/USD Benchmark - philtrader - 06-03-2011, 10:50 PM
RE: GBP/USD Benchmark - TS Hennessy - 06-05-2011, 08:51 PM
RE: GBP/USD Benchmark - amala - 10-06-2011, 07:43 PM
RE: GBP/USD Benchmark - TS Hennessy - 10-06-2011, 11:25 PM

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