Yes Mr paul I do not know why people take no interest for input in such threats! Maybe because It is the law that stops them for taking interest in forex pairs! I have seen mostly inputs for indian markets ! Well Besides forex I have interest in S&p 500 and DJIA! Some professionals trades and various brokers are currently talking about some reversals to the up for eur/usd which we already discussing from 2 days! some are sending me emails " Short positions below 1.3375 with targets @ 1.3275 & 1.3225 in extension" LOL
Some of my forecasts
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There was an oversight on my part with respect to the original chart.
The TL you referred to is weak, as it is only drawn off the hourly. It was mainly drawn for me as a reference.
My neglect or oversight came in forgetting about the actual DOWN TL. The horizontal line represents the point the TL was broken. That is the minimum corrective target. As you see by the chart, that was hit exactly, and the pair has been climbing since.
The R has increased, and today is not much volume, which means not a lot of octane to take out key areas. We'll have to see just how high this market will climb today. Needless to say, it is still favorable for a climb much higher before the week is out.
Crude Oil
As per request:
This market has bounce off the bottom of the monthly cloud which has brought a temporary halt to the downtrend. This correction appears to be ST by nature, so 80.81 should contain. and then bring resumption of DOWN. This market is going to pick up steam once the recent dip at 74.94 is taken out.
As per request:
This market has bounce off the bottom of the monthly cloud which has brought a temporary halt to the downtrend. This correction appears to be ST by nature, so 80.81 should contain. and then bring resumption of DOWN. This market is going to pick up steam once the recent dip at 74.94 is taken out.
Mr paul, here is the loonie chart, I sold at 1.0653, this area was a very strong monthly resistance as well as weekly resistance area as you can see on the chart,but now I am considering the pair to hit the top of the weekly cloud which matches up with the monthly kinjun, after that we could see a reversal to the bottom of the monthly!
Re: Monthlies-1011-Gold, Silver, Crude, DJIA
Hi Paul,
I was missing you in my thread. I thought you are not comming onine. Now I see paul is busy here. LOL.
I was looking for a help from you. Could you explain me how stock market is related to Gold and Crude oil and diller price(form Indian stock market perspective). I have very vague idea about these. Will you help me to understand this better?
Hi Paul,
I was missing you in my thread. I thought you are not comming onine. Now I see paul is busy here. LOL.
I was looking for a help from you. Could you explain me how stock market is related to Gold and Crude oil and diller price(form Indian stock market perspective). I have very vague idea about these. Will you help me to understand this better?
Re: Monthlies-1011-Gold, Silver, Crude, DJIA
Debarghya, you're not kidding. I got corporal tunnel with all this typing. Any rate, this is my last post for awhile, as I am getting ready to leave for the day.
You guys hammer my thread, and I'll be back later.
With regards to your question, the absolute similarities are found in the forex markets by virtue of the inalienable mathematical associations. (If anyone does not know what I ma talking about here, then ask me, and I'll prove it. I did that somewhere in this thread, but I know it has to be buried by now.) As far as other markets are concerned the sub-markets of the country's main indices are related by the sum association. If the DJIA drops huge, like it has done, then other markets that are comprised under the DJIA umbrella also drop in retrospect. The same can be said for Nifty, DAX, etc.
As far as crude, gold, and the DJIA, there is no absolute technical relationship. Therefore, it does not make for an absolute determination with regard to trading. Gold, silver, platinum, and copper are all related to the USD (I can prove that too.), because of the cross relationship. The reason gold has pummeled of late is because of USD strength and gold weakness merging at the same time. Looking at the gold chart, it was predictable, but also looking at the individual indices and using them as a cross reference (for benefit of this conversation) also made the fall predictable.
If you are looking at cross trading, then only consider those markets that have concrete mathematical relationships, then compare the indices. That is JMO, but I know of no better way to cross trade.
I might do a little segment on that later to prove what I am saying, because cross trading is a very viable way of trading.
(LOL, did you really expect just a few words in the answer?)
Debarghya, you're not kidding. I got corporal tunnel with all this typing. Any rate, this is my last post for awhile, as I am getting ready to leave for the day.
You guys hammer my thread, and I'll be back later.
With regards to your question, the absolute similarities are found in the forex markets by virtue of the inalienable mathematical associations. (If anyone does not know what I ma talking about here, then ask me, and I'll prove it. I did that somewhere in this thread, but I know it has to be buried by now.) As far as other markets are concerned the sub-markets of the country's main indices are related by the sum association. If the DJIA drops huge, like it has done, then other markets that are comprised under the DJIA umbrella also drop in retrospect. The same can be said for Nifty, DAX, etc.
As far as crude, gold, and the DJIA, there is no absolute technical relationship. Therefore, it does not make for an absolute determination with regard to trading. Gold, silver, platinum, and copper are all related to the USD (I can prove that too.), because of the cross relationship. The reason gold has pummeled of late is because of USD strength and gold weakness merging at the same time. Looking at the gold chart, it was predictable, but also looking at the individual indices and using them as a cross reference (for benefit of this conversation) also made the fall predictable.
If you are looking at cross trading, then only consider those markets that have concrete mathematical relationships, then compare the indices. That is JMO, but I know of no better way to cross trade.
I might do a little segment on that later to prove what I am saying, because cross trading is a very viable way of trading.
(LOL, did you really expect just a few words in the answer?)
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