Some of my forecasts

[forexworld]

Re: Gbp/usd

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A strong bullish engulfing candle si indicating cable is prepping up, but with it still under the TL, it is saying it still might be a precarious moment. It may need to head back to at least 1.5379 in order to get a running head start to take the level out. A huge shorter term obstacle is going to be 1.5528. After that it could be a free ride to at least my MR1 at 1.5835. That is the minimum upside objective before the month is out.

Yep, there is about 450 pips for the taking. I feel like a kid in the candy store with everything moving at one time.

Mr paul , Looks like the price has already acted to the weekly bottom cloud ! now I was targeting for the level 1.5548 which is again a strong resistance of the previous bearish weekly cloud and this level is also at the monthly kinjun! the level that you have noted 1.5528 matches up nicely with the h4 kinjun and the daily tenken which possible should be hit my target is just 20 pips up! I would like to know the reason for expecting the move to the MR1 at 1.5835 ! also I suspect the move to go to the monthly tenken at 1.6035!

 

[4xpipcounter]

Re: Eur/usd

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The chart shows the recent dip went slightly under the 1.3242 projection, as the pair made it to 1.3231, and then continue on in the UP. That containment broke the high that was previously established and now the market is making higher highs.

More than likely, the next speed bump we will witness is at the 1.3385 level I already mentioned.
I did not post the hourly, but the key is to stay in the hourly cloud.

This is my demo account. I mentioned it because it shows an entry long on the chart. I was already in the trade on my live account at the bottoming on the weekly cloud.

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There is not much more we need to know than a glance at the 4-hour chart than to know we are at the beginning stages of the move north we have been talking about so much. The initial TL has been broken with a candle that typifies any TL break. It is now safe to say that containment to the downside will be 1.3242.
The next major ST obstacle will be 1.3385. Once this pair is through negotiating at that point, then it will be on to 1.3545 with relative ease.[/QUOTE]

 

[4xpipcounter]

I trade all the TF's. The recent pull down and containment on the EUR/USD was because of obviations on the 15-min.
Yes, caramels, licorice, chocolates-- EUR/USD, GBP/USD, NZD/USD. What's the difference?
Answer? You have to spend money on the former, and make money on the latter.

I'll get back to you on the other posts. I'm getting ready to leave for the evening. I should be posting 5-6 hours from this one.

Mr paul I am going to reply to all the charts posted above in 2 min now! but I just had to say this first all the lines on your chart excites me with goosebumps ! You also trade the 1 hour chart with confluence of higher time frames ! you feel like a kid at the candy store - LOL it must me a great feeling !

 

[4xpipcounter]

Re: Gbp/usd

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It actually missed the bottom by 12 pips.

Without a doubt this pair has begin its journey north....even though right now it does not look like it.
The reasons I believe this are self-evident by the chart. We had a typical, and then the correction back to the TL. Minimum correction is 1.5412 which is the point of the TL break, and it made it there.
As of now, it could still go as low as 1.5366, as that is the point of the TL form where it is now.
The thing to watch for is the fact it is a very steep TL. This is about a 30-degree TL, It's preferable at least 40 if not 45. Nevertheless, the pair is headed up much higher. The kijun is located at 1.5525, which should be close to the TL when it arrives there. Needless to say, that will be cluster R that will temporarily contain. This correction is stil looking for a correction to circa 1.5970.

Lol the beauty of the trend lines ! I didn't focus on this pair I assume gbp/usd weekly bottom cloud has been hit! so our focus goes on the upside now

 

[forexworld]

Re: Gbp/usd

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It actually missed the bottom by 12 pips.

Without a doubt this pair has begin its journey north....even though right now it does not look like it.
The reasons I believe this are self-evident by the chart. We had a typical, and then the correction back to the TL. Minimum correction is 1.5412 which is the point of the TL break, and it made it there.
As of now, it could still go as low as 1.5366, as that is the point of the TL form where it is now.
The thing to watch for is the fact it is a very steep TL. This is about a 30-degree TL, It's preferable at least 40 if not 45. Nevertheless, the pair is headed up much higher. The kijun is located at 1.5525, which should be close to the TL when it arrives there. Needless to say, that will be cluster R that will temporarily contain. This correction is stil looking for a correction to circa 1.5970.

Good evening Mr paul, absoutely right I agree with you! my first upside target is 1.5538 based on the previous weekly cloud as well as the target 1.5525 is the h4 kinjun which shows how perfectly it is going to hit there!

 

[4xpipcounter]

Re: Eur/usd

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This is why I came up with my proprietary S&R's, because they are static S&R's that can always be backtested.
The ichimoku is dynamic.
The TL's is more of a dynamic type of S&R.
The stochastics are measure of OB/OS conditions along with my usage of it as a momentum indicator
The SD channel indicator is a measure of a standard deviation within a channel. It simply measures extreme conditions of the market on any TF. It tells me when we are about to have strong reversals. It is not to be mistaken for a S or R indicator. It is used as a confluence with other indicators. Once the S or R's measure up with the other indicators, then it is time to jump in, and also know strong moves are on the horizon.

I was previously talking about how the previous leg would probably hit 1.3385. It did come 17 pips short at 1.3367. That area could still present a problem, but it is the WP and it is separating from the cloud, so it is not going to be as formidable.

Mr paul, this is a really great analysis, All those MR/MS and WR/WS amazed me ! according to me I did open a buy at the bottom of the weekly cloud I was targeting for minimum 1.3512 to hit according to weekly chart as this level it is a great resistance on the previous cloud ! this was just simply looking at the weekly chart! this level is also the monthly kinjun!

 

[4xpipcounter]

Re: Gbp/usd

All those R's around the 1.5528--48 level represents a cluster event. This is what you look for in exiting a trade along with looking for a possible reversal. One Fib point, or one chart point, or one candlestick pattern doesn't cut it. Volume is what adds octane to the forex engine. If it is a reversal at a certain point you are counting on, it needs to be a cluster event, because if there is some high octane coming at it, then there needs to be a firm enough wall to halt the action.

The following reasons tell me the MR1 gets hits:
1. It is my 1st R for the month. In every TF, a 1 and a 2 get hit most of the time.
2. There is still plenty of room in the weekly cloud to move, and even exceed that mark.
3. The bottom of the cloud has been as good as hit (missed by 12 pips), and there are strong implications of a strong move from that point.
4. The weekly TL was broken in typical TL fashion, so the minimum correction for the TL break is 1.5892.

Mr paul , Looks like the price has already acted to the weekly bottom cloud ! now I was targeting for the level 1.5548 which is again a strong resistance of the previous bearish weekly cloud and this level is also at the monthly kinjun! the level that you have noted 1.5528 matches up nicely with the h4 kinjun and the daily tenken which possible should be hit my target is just 20 pips up! I would like to know the reason for expecting the move to the MR1 at 1.5835 ! also I suspect the move to go to the monthly tenken at 1.6035!

 

[4xpipcounter]

Usd/chf

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Lots of good stuff here!.

I have been talking about how this pair is headed to .9417, which is the bottom of the weekly cloud. I also have been talking about watching for .9214, which is where we are now. Even if we do make it to .9417, this is not an area you want to think about going long. The reversal is going to be huge.

We often talk about the cloud being equilibrium. Notice when the pair dipped all the way how far it drifted from the cloud. Now it is a few pips away from hitting it.
Ichimoku has other aspects of measuring equilibrium Look where the tenken and kijun merge at. That is ,8180 at radar city, especially with as OB as it is and at the extreme SD channel area.

Those 300 pips I was talking about earlier now look like pocket change. From current level we have 1100 pips on the radar.

 

[forexworld]

Mr paul aud/usd a great monthly support was hit at 0.9392, The bottom of the weekly cloud has given out and I think a reversal has begun! weekly stoch has gone sideways! I am not able to look for any possible containment ! I am looking for the minimum 4 hour kinjun at 0.9632 to be hit !

 

[forexworld]

Re: Usd/chf

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Lots of good stuff here!.

I have been talking about how this pair is headed to .9417, which is the bottom of the weekly cloud. I also have been talking about watching for .9214, which is where we are now. Even if we do make it to .9417, this is not an area you want to think about going long. The reversal is going to be huge.

We often talk about the cloud being equilibrium. Notice when the pair dipped all the way how far it drifted from the cloud. Now it is a few pips away from hitting it.
Ichimoku has other aspects of measuring equilibrium Look where the tenken and kijun merge at. That is ,8180 at radar city, especially with as OB as it is and at the extreme SD channel area.

Those 300 pips I was talking about earlier now look like pocket change. From current level we have 1100 pips on the radar.

Mr paul, I am glad I though the same thing! I noticed that level it was a 500 pip movement in some minutes that was some crazy moves! by looking at the pair it seems like it heading for 0.9417, this price has some very good weekly cloud support! also stoch is overbought and has moved side ways in respect to the weekly, to add to it the tk/tj and chikou seems to have almost come to a point where they have met without a crossover with each other and is ready for a complete downwards shift ! this price also levels up with the monthly kinjun, overall trend is bearish and the future clouds indicate no sign of bulls so therfore strong reversal are coming !