Little bit about 'Trend Bar'

1.38 PM GMT +8

What is 'Trend Bar' @ 'BD Trend Correlation Bar' all about?

It's difficult to explain in natural language... LOL. It's programming thing. But the purpose is to monitor the currency and correlation comprises of trend, correction and entry.

You may get an idea from the above picture...

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Update August, 1st 2008 : Testing result
After some testing I found that the 'BD Trend Correlation Bar' will only work successfully on trending market but the signal failed on sideways market.
The system canceled.
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New Template

11:55 AM GMT +8


Hello,

First of all I would like to apologize to all visitors and friends, i haven't update my blog for long time due to some technical problems.

Secondly, I would like to introduce my new template and later on the signal provided from this blog is base on the BlueDream's Trend Bar

GBPJPY : News impact (Result)

8:20 PM GMT +8
Please refer the picture for news analysis result...

The actual result exactly same as forecast .... the GBP streghthen by 0.4%

GBPJPY : Signal Result

9:30 AM GMT +8

Yesterday's 'floor' signal result : Price achieved new high 206.11 greater then the previous high 206.03.

The series of candle formation at H1 and H4 keep trying to break the 'ceiling' 206.11

But, if price unable to break the 'ceiling' and then BEAR candle break 205.57, the system expect that the price going to find new low price (violet floor)...

Economic Calendar

Date/Time : April, 25 2008 4:30 AM GMT (12:30 PM GMT +8)
Currency : GBP
Impact : High Impact Expected - GDP q/q (p)
Previous : 0.6 %
Forecast : 0.4 %
Actual : 0.4% <<-- Result : GBP Strenghthen

Details :
Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation's currency. GDP is the broadest measure of activity and the primary gauge of the economy's health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation's currency.

GBPJPY : Looking for new high ???

8:48 PM GMT +8

H4 : The overall pattern shows Down Trend and the market current state was correction phase and waiting for truly breakout for BEARISH continuation....

However, the system generate 'violet floor' and i'm afraid if the price tend to make new high above 205.50 or above 206.03, before continue BEARISH on major trend. The last ripple unable to broke the 'violet floor' at 204.10. That support level considered strong.

Today i learnt something from series of candlestick pattern (two gray ellipses on the above chart) on how to determine the sideways market. This could be enhancement for BlueDream System.

GBPJPY : Preferred to wait for support Level breakout

1:55 PM GMT +8

At the moment I don't have much time. Please refer the picture for my analysis

Economic Calendar

Date/Time : April, 24 2008 4:30 AM GMT (12:30 PM GMT +8)
Currency : GBP
Impact : High Impact Expected - Retail Sales m/m
Previous : 1.0 %
Forecast : -0.3 %

Date/Time : April, 24 2008 6:00 AM GMT (2:00 PM GMT +8)
Currency : GBP
Impact : Medium Impact Expected - CBI Industrial Trends Orders
Previous : 7
Forecast : 4

Date/Time : April, 24 2008 7:50 AM GMT (3:50 PM GMT +8)
Currency : JPY
Impact : Medium Impact Expected - Core CPI y/y
Previous : 1.0 %
Forecast : 1.2 %

Date/Time : April, 24 2008 7:50 AM GMT (3:50 PM GMT +8)
Currency : JPY
Impact : Low Impact Expected - Core Tokyo y/y
Previous : 0.6 %
Forecast : 0.5 %