Some of my forecasts

[forexworld]

Re: Gbp/usd

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Here's a nice chart with regards to the ichimoku cloud and price action, and also a different kind of confluence.
Price entered the cloud. It is expected to stay in the cloud. Price went north, and then east. This is especially so on the hourly chart that when there is eastward motion, the break, almost invariably will be in the direction of the trend. Trend was UP to get there, and so it will break the upper regions of the consolidative pattern.
Here's the difference in the pips that are made off of a trade like this. Many people look at a consolidative pattern, and then want to trade the break, whichever way it will go. Isn't it good to know that we now have the knowledge the next break will be to the upside? So, current level is a nice area to take a long position because it is at the bottom of the pattern. In retrospect this is the hourly pattern, so wait for the break on the hourly, take the huge, quick move, then get out.
Position traders would see the implications on the weekly, then see this pattern on the hourly and then with confidence, take this trade to ride out the more MT uptrend (In this case, "uptrend" refers to the correction of the larger downtrend.).

BTW, you silent viewers, we would love to here your inputs and have you participate. All this ichimoku talk is relevant as far as "Some of my forecasts" are concerned. These same principles can be applied to all markets, which, of course, includes Nifty.

I'm also still working at getting a demo that includes Nifty. I will entertain all suggestions.

Mr paul these are some good trades! I entered a little late btw I bough this pair @ 1.5453 so in this case does a target at the 4h kinun looks good? or it would be the trendline that you have marked ?

 

[forexworld]

this is what happens when enter late -25 pips LOL

 

[4xpipcounter]

Forexworld, we are both enjoying ourselves. There is so much about trading that could be talked about. This is why I enjoy getting others inputs. I'm afraid at times if I get off into a subject, I might talk to the wall. When I hear what interest other people, then that is what I become interested in.
In talking about ichimoku, we are talking about the totality of price action. We could be talking TL's, my personal S&R's, and SD channels. There we would only be talking about a microcosm. Afterward, we take those microcosms, blend them all together, and come out with the whole of the methodology.

I should be clear in stating the the "whole of the methodology" is not what is the whole for anyone else. I never say my methodology is the only right one. As traders, we all find what is right on the personal level.

Mr paul thanks for explaining the above charts !

 

[4xpipcounter]

Re: Gbp/usd

I should clarify the meaning of my lines. That light blue line that is thicker than the other lines comes from my drawing tool. It actually should have been straighter. That was showing the upper end of the channel, and the line below shows the lower end. In essence, it is showing the support at the bottom of the channel for an entry long, at least in the circa area, and then the top, once broken, is when price will really take off. You are right! The kijun makes for a nice target. 1.5503 is my WS1 and there could be some R there. When that area is taken out, this pair will make another strong move north. The TL from the 4-hour is also forming a confluence of R in that area.

Mr paul these are some good trades! I entered a little late btw I bough this pair @ 1.5453 so in this case does a target at the 4h kinun looks good? or it would be the trendline that you have marked ?

 

[4xpipcounter]

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While we were talking, it showed me up. Now the idea is to find a new S which now appears to be 1.5360 and 1.5325.

 

[forexworld]

Forexworld, we are both enjoying ourselves. There is so much about trading that could be talked about. This is why I enjoy getting others inputs. I'm afraid at times if I get off into a subject, I might talk to the wall. When I hear what interest other people, then that is what I become interested in.
In talking about ichimoku, we are talking about the totality of price action. We could be talking TL's, my personal S&R's, and SD channels. There we would only be talking about a microcosm. Afterward, we take those microcosms, blend them all together, and come out with the whole of the methodology.

I should be clear in stating the the "whole of the methodology" is not what is the whole for anyone else. I never say my methodology is the only right one. As traders, we all find what is right on the personal level.

Mr paul - lol Here I really enjoy talking to you because sometimes I have these awfull shambles in my mind regarding ichimoku and there is no one to discuss about what I think,I do not know of someone who uses ichimoku! I have countless number of question which I can post here, discussing these helps me a lot to become more skilled and confident as well as I am discusiing with someone who has years of knowledge, I would encourage every one here to learn ichi and if have any doubt post it here ! I think the silent followers do not understand the what can they achieve if learnt this !

 

[forexworld]

Mr paul, Similar to pound/dollar here is a 1 hour chart for eur/usd, Looks like this is going to break the cloud going north east, on the H4 it has settled above the tenken sen, the most minimum target to look for is the 4 hour kinjun at 1.3410 this is also the daily tenken, this area could be a resistance and we could see some pull back what do you think?! on the longer term this pair is also moving north after touching the bottom of the weekly cloud, strong resistance is seen at 1.3500(previous weekly top cloud resistance)! this is also the monthly kinjun! before reversal! ultimate target remains at the bottom of the monthly cloud 1.3830, this could take 1-2 month to hit after which huge reversal could be seen!

 

[forexworld]

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While we were talking, it showed me up. Now the idea is to find a new S which now appears to be 1.5360 and 1.5325.

Mr paul, Here the trendline broke and is looking for support level to all the way back to the h4 kinjun before we could see some correction !

 

[4xpipcounter]

Forexworld, the situation is simple. This is a venue for all of us to benefit.
You benefit by getting your questions answered by someone who has some experience.
I benefit by constantly reviewing what I already know, and by talking about what I already know.
In essence, we benefit each other.
This is also why I encourage input from the silent viewers. It's better to have a few people to chat with than just one or two.

Mr paul - lol Here I really enjoy talking to you because sometimes I have these awfull shambles in my mind regarding ichimoku and there is no one to discuss about what I think,I do not know of someone who uses ichimoku! I have countless number of question which I can post here, discussing these helps me a lot to become more skilled and confident as well as I am discusiing with someone who has years of knowledge, I would encourage every one here to learn ichi and if have any doubt post it here ! I think the silent followers do not understand the what can they achieve if learnt this !

 

[4xpipcounter]

I agree that the shorter term target would be the 4-hour kijun, but to expect the fact we are headed much higher longer term.
The 4-hour kijun, daily tenken combo may not be a bad area for position traders to initiate a hedge.

Mr paul, Similar to pound/dollar here is a 1 hour chart for eur/usd, Looks like this is going to break the cloud going north east, on the H4 it has settled above the tenken sen, the most minimum target to look for is the 4 hour kinjun at 1.3410 this is also the daily tenken, this area could be a resistance and we could see some pull back what do you think?! on the longer term this pair is also moving north after touching the bottom of the weekly cloud, strong resistance is seen at 1.3500(previous weekly top cloud resistance)! this is also the monthly kinjun! before reversal! ultimate target remains at the bottom of the monthly cloud 1.3830, this could take 1-2 month to hit after which huge reversal could be seen!