Some of my forecasts

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TTG, let me cut to chase for now, as it is real late, and my brain is operating in slow gear right now.
If you are holding a position trade, then this market could be in the low-60's. I am seeing some warning signs of a ST reversal.
Give me the next 8 hours with the Sandman and I'll get back to you.


paul,
i request views on crude with the move to 84+dollars now.
it is making a strong move under 4hour clouds.last time when it happened in august it made a good move south for nearly 20 dollars before making any meaningful countermove.
i am holding short positions and in a dilemma to take profits or hold for more.
my charts indicate further south.but i value your opinion much
thanks a lot.
 
paul,
take your time friend. no urgency. for all my requests please take your time cause i take some time before concluding on any decision.
in fact i was surprised to see you online at this hour of your's.
have a good rest.

TTG, let me cut to chase for now, as it is real late, and my brain is operating in slow gear right now.
If you are holding a position trade, then this market could be in the low-60's. I am seeing some warning signs of a ST reversal.
Give me the next 8 hours with the Sandman and I'll get back to you.
 
Is it right time to book profit in nifty ?
have one long mininifty 20 at 4937 :)
Hi Kid! AS per my posts in the other thread, I'm looking for a turning point from 5209 to 5240. It seems more and more unlikely that 5307 is going to be hit. Another thing evident is the reversal is going to be strong. Considering we are entering the zone, it's a good idea, as per your suggestion.
:thumb:Thanks for guiding me.:thumb:
I should look to book profit between 5209 to 5240...
Right ?? :confused::confused:
Now!!!!!! That could be a good time. 5209 should be hit, but the market is in for a strong reversal. There is a possibility it could reverse even a few points before that. Afterward, there comes a strong reversal, and before you know it, you are at lower levels than we are now.
I have booked at 5144

:thanx:
:yahoo::yahoo:
:cheers::cheers:
 


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There's the picture of what a strong reversal looks like.
My projection was for 5209, 5240, and maybe 5301. Kid was asking me about getting out of his long, and that was my response.


Now!!!!!! That could be a good time. 5209 should be hit, but the market is in for a strong reversal. There is a possibility it could reverse even a few points before that. Afterward, there comes a strong reversal, and before you know it, you are at lower levels than we are now.
 
Crude Oil

What we have witnessed in this market is a most powerful ichimoku confluence, which is leading me to believe the run is on to the 60.00's.
We have had a simultaneous break under the 4-hour, daily, weekly and monthly clouds with all TK's agreeing. The 4-hour chart appears it is ready to be in recovery mode, as the WS3 at 81.32 has been hit, and it is starting to need binoculars to see the cloud. This would indicate minimum recovery would be the tenken at 84.11. A look at the cloud in the future shows 84.53, so that would be a minimum expectation to ascertain an entry.
The daily chart is showing containment at 85.65.


paul,
take your time friend. no urgency. for all my requests please take your time cause i take some time before concluding on any decision.
in fact i was surprised to see you online at this hour of your's.
have a good rest.
 
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Usd/inr

Ohhh, I think I might have a view or 2 concerning it.

Wow! I checked the chart after I wrote the 1st sentence. I'm glad you spoke up when you did.
If we could get the monthly to agree with this, we would be back in the mid 44.00's in no time. The only problem is the monthly does not agree, so we'll have to go with the more conservative view.

First, I'll speak as a trader of this market (I trade 28 forex pairs, and this is not one of them.) instead of a forecaster. If you are long this market, BOOK IT! It does not matter this is a freight train. It's about to get derailed....quick!
This is one time I could set aside my S&R's, because they do not matter. Everything from the hourly to the weekly is extremely OB, at extreme SD channel levels, and at ear popping levels with regards to the cloud. The bears are about to take over on Friday, and they should have a good time throughout a good portion of next week.
Put 46.67 on your radar.

BTW, you know what happens when something gets in the radar. Price action usually goes well beyond it.


Hi Paul, would you have any views on USD-INR on how it will fare in the short term (next 2 weeks)?
 
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