The 60-Min model is a prediction algorithm for the next coming weeks. It is designed to answer:
What is the best day and hour to enter to stock and what is the best day and hour to exist the stock in a period of a month.
The 60-Min Model - How does it work?
The EOD models described under NEXT MONTHS MODEL page are more oriented to investments as they cover forecast periods of few months up to a year.
The 60 Min Model presented here is oriented to short period trading as it covers forecast periods of a few weeks, typically for a month. Based on 60 minutes (1-hour) price bars. Consists of a main trend line for the next month (in Yellow) and harmonics around it, 4th harmonics (Dark Blue), 12th harmonics (Velvet) and 24th harmonics (Light Blue).
Yellow - The Main trend and change-in-direction in the next coming weeks.
Dark Blue - 4th harmonic of the main trend
Velvet - 12th harmonic of the main trend
Light Blue - 24th harmonic of the main trend.
60-Min Model Expected Performance
The Yelllow line indicates the general trend for the next 2-6 weeks.
Yellow - up to +/- 4 days range in 4 weeks
Dark Blue - +/- 2 days range in 4 weeks
Velvet - up to +/- 5 hours range in 1 weeks, +/- 2 Days range in 4 weeks
Light Blue - up to +/- 2 hours range in 1 weeks, +/- 2 Days range in 4 weeks
Legend for all prediction pictures
Blue side (left) of the picture is the price hisotry.
Pink side (right) of the picture is the prediction.
Black line is the price.
Yellow circle indicates proabable local inversion of 180 degrees.
The following examples show the 60 Min Model on various price instruments: GOLD, CRUDE-OIL, NASDAQ100, GE.
Each example shows 6 weeks forecast, one example without the real price and one example with the real price.
GOLD - Forecast
GOLD - Forecast and Price
CRUDE-OIL - Forecast
CRUDE-OIL - Forecast and Price
NASDAQ100 - Forecast
NASDAQ100 - Forecast and Price
GE - Forecast
GE - Forecast and Price
Combined 5-Layer and 60-Min models - Most effective for 1-2 Months Swings
By combining the 5-Layer model on a short forecast with the 60-Min model we benfit from the general monthly trend direction created by the 5-Layer and from the exact entry-exit timing created by the 60-Min.
EURUSD Daily Bars (EOD) from December 2018 to February 2019, 2 months. This is a typicaly too short time frame for the 5-Layer.
The 5-Layer model shows the following forecast:
Yearly (Dark Blue) - Sideway, on this scale of time
Quarterly (Light Blue) - a moderate up trend
Monthly (Green) - a moderate uptrend with small reversal at end of December
Weekly (Orange/Velvet) - a sideway or moderate downtrend till mid-December, uptrend to first week of January, downtrend to third week of January.
Here is the actual price:
As we can see there is a very good match.
Now lets see how the 60-Min model lools like in this time frame:
As we can see, the 60-Min model catches the rithm of the price in an effective manner.
Now let's see how the combination of the 5-Layer model works hand in hand with the 60-Min model and provides an improved forecast:
Here we see the 5th Layer of the 5-Layer model (Velvet), and the 60-Min model (Yellow, Blue, Pink).
We can benefit from both the general trend privided by the 5-Layer model and the exact timing derived from the 60-Min model.