Snapshot on EURUSD 233T chart

Here is another snapshot on a fast tick chart. We here see the power of MM and Fib levels, i.e. nothing specific to this technique, except maybe that the toolset tries its best to detect Fib patterns when noise level is reasonable.
The trading environment is not the easiest at the moment, with dynamics being swamped in volatility and noise. In such a case, it is in my opinion interesting to trade using breakouts on key levels. Assuming we are flat, it would be for instance interesting here to place a stop order below 4892, when the level has been tested place another one above (symmetrically or not) on a "one cancels other" basis. That will be my advice here.
Grabbing 10 or 20 pips shouldn't be too hard, and the fog will clear up to give us a nice Fib pattern again soon.

Off-topic but interesting primer nonetheless

High-frequency trading from Marketplace on Vimeo.

ES Commented Chart

On "popular demand" :D here is a commented chart on the ES continuous contract. We will see that we keep on following our old adage "go with the flow" while being careful as always in a resistance area.

HA Trigger Point

HA_Trigger is a simple yet interesting addition to the toolset. It calculates potential breakout point in determining the level that would have been required to toggle an uncertain "yellow" bar into a bullish blue or bearish red bar.
Generally quite effective when used in conjunction with MTFS.
At this very time of writing, the above snapshot is proving to be correct with a quick 5 pips short (target on key MM level)... Problably more pips to come, but that's another story.

TF Commented Chart

It's been a fairly long time since i did last post a commented chart.
I invite all users to compare it with their own "market reading" and let's review this market outlook next week.

DLL update June 1st 2009 ( minor fix )

A silly minor mistake in detrending data could lead to some occasional error in cycle detection. Error would only be visible in Entropy calculations. MTFS and pivot calculations do not use that part of the code.

It has now been fixed in DLL version 1.25, available on request.

SPY Swings & Cycles

We here show some market outlook on SPY using swings and cycles only.