We started the Price Action Bias Signals analysis ( PABS ) on 25 Feb 19.
With PABS, we are bringing forth our decade long (Yes. We started in 2008!) of observations and experiences to our members in the form of a signal on the bias of probable price action.
What is price action?
We have come to know that the expected value of currencies move constantly as a result of many factors, culminating in the actual shift known as price action. What are these factors then?
Being a market of buyers and sellers, there are a myriad of factors such as technical supports and resistances, sentiments from economic releases, geopolitical themes and the list goes on.
You can find out more about what drives the Price Action Bias Signals in our dedicated article.
More importantly, it is time to review the performance so far.
Let us walk through this table. The first two rows show the number of times the PABS produced a signal. The Dominant Signal shows the overall signal for the currency pair.
The next two rows show the actual price of the currency pair on the week PABS started and the price ending this week. The Overall Trend shows the final direction of the currency pair. Did it climb or drop since PABS started?
The last row shows the conclusion for the currency pair. Is PABS effective thus far?
We are pleased to announce that out of the 6 currency pairs, all but one are effective. The only currency pair to not show a clear distinction is the GBP/USD which produced few signals and are almost equally split between Bearish Bias and Bullish Bias Signals. Considering what the GBP is going through with Brexit, one can imagine why the signals are almost flat.
No one can predict forex with a 100% certainty. A sentiment and fundamental driven market will always be liquid. The Price Action Bias Signals analysis has been engineered from the ground up to strive to be an effective companion to your trading strategy. While it does not give you a crystal ball answer to the market, it will strive to provide you with the pulse of the current market sentiment.
We have made 3 refinements to the PABS since the start and our commitment to our members is that nothing is ever enough. We will tirelessly strive to give you the best.
If you are not a member, you can take advantage of our promotion to enjoy premium analysis including PABS at less than 20 cents day. It comes with a 10 days money back guarantee so there is literally no risk! DON’T MISS OUT.