Some of my forecasts
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Re: Monthlies-1011-Gold, Silver, Crude, DJIA
MR paul you mean Carpal tunnel, LOL
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?)
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?)
Re: Monthlies-1011-Gold, Silver, Crude, DJIA
HI deba let me answer your question and let mr paul take some brake, He got "corporal tunnel"- LOL
First of all Gold silver is not linked to the stock market or indian market! It totally depends on the health of economy for example If the stock market is crashing the global market will be effected and automatically all the market will come low, at this point the investors will go through sentiments, they will fear the loss and take out their money from these markets and put it in safe havens like gold and the price will go up As the dollar gets weaker, it will take more of them to buy gold or oil--this is bullish for commodities .if one is lot lucrative then the investor moves to the other so they are related one goes down the other goes up and vise versa! In india about crude oil if indian stock market crashes crude oil will rise due to inflation!its not the same in US! and USD/INR will strenghten which will cause inflation and as Both Crude Oil and Gold is traded in dollars it will take more indian ruppee to buy crude so to avoid losses you will ses inflation in india ! - " EXACT THING IS HAPPENING NOW" but this is not necessary I have seen gold dropping when the stock market crashes, its all depends on the investors sentiment at that time, but generally one goes up,the other comes down.international economy is heavily dependent on strength of dollar.when dollar is strong,people invest in shares and stock market booms.the oil market is in demand as it follows the basic principle of supply and demand.few people invest in gold thus reducing its price. In US When the economy is bad the demand for oil falls and the price of oil is very sensitive to the demand. The stock market is considered to be a good indicator of future economic performance, so traders in the commodities market react to the changes in stock prices.! If US crashes global market crashes but they have different impacts on their gold,silver price depending on country to country! I am 90% into technical and 10% fundamental btw
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?
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?
First of all Gold silver is not linked to the stock market or indian market! It totally depends on the health of economy for example If the stock market is crashing the global market will be effected and automatically all the market will come low, at this point the investors will go through sentiments, they will fear the loss and take out their money from these markets and put it in safe havens like gold and the price will go up As the dollar gets weaker, it will take more of them to buy gold or oil--this is bullish for commodities .if one is lot lucrative then the investor moves to the other so they are related one goes down the other goes up and vise versa! In india about crude oil if indian stock market crashes crude oil will rise due to inflation!its not the same in US! and USD/INR will strenghten which will cause inflation and as Both Crude Oil and Gold is traded in dollars it will take more indian ruppee to buy crude so to avoid losses you will ses inflation in india ! - " EXACT THING IS HAPPENING NOW" but this is not necessary I have seen gold dropping when the stock market crashes, its all depends on the investors sentiment at that time, but generally one goes up,the other comes down.international economy is heavily dependent on strength of dollar.when dollar is strong,people invest in shares and stock market booms.the oil market is in demand as it follows the basic principle of supply and demand.few people invest in gold thus reducing its price. In US When the economy is bad the demand for oil falls and the price of oil is very sensitive to the demand. The stock market is considered to be a good indicator of future economic performance, so traders in the commodities market react to the changes in stock prices.! If US crashes global market crashes but they have different impacts on their gold,silver price depending on country to country! I am 90% into technical and 10% fundamental btw
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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
I do not use ichimoku for my trading strategies. I am interested to learn. As off now, I am using trends, pivots, trendlines and different timeframes before I take up any trade.
I try to grasp when you both are discussing about a particular and try to look at it in a different way. Very soon, I will be coming with lot of questions in ichimoku, please bear with me.
Regards
Raj
I need glasses, but I'm not that blind--lol.
Just like I told Debarghya, that was my last post for awhile, because I was getting CORPORAL TUNNEL. I got to come up with a new excuse. That was the 2nd time I did that and someone nailed me last time.
Okay, back to business. Carpal tunnel is also setting in. (We must have tunnel vision around here.)
One thing is for sure. I never said the move to 1.1060 would be in a straight line. Even though the daily kijun and the weekly cloud top would form a strong S, it is hard to imagine a retracement going that low. The SD channel is going to do a major adjustment, because the price is off the map. The former mentioned S needs to hold or we can call off the trip to the monthly cloud bottom.
Here's a scary thought. The rule with any TL break is a strong candle through it, then a correction back to it. The daily was broken at .9590, and we still have not had the correction. There are exceptions to the rule, and if this is not one of them, then the picture does not look pretty.
Just like I told Debarghya, that was my last post for awhile, because I was getting CORPORAL TUNNEL. I got to come up with a new excuse. That was the 2nd time I did that and someone nailed me last time.
Okay, back to business. Carpal tunnel is also setting in. (We must have tunnel vision around here.)
One thing is for sure. I never said the move to 1.1060 would be in a straight line. Even though the daily kijun and the weekly cloud top would form a strong S, it is hard to imagine a retracement going that low. The SD channel is going to do a major adjustment, because the price is off the map. The former mentioned S needs to hold or we can call off the trip to the monthly cloud bottom.
Here's a scary thought. The rule with any TL break is a strong candle through it, then a correction back to it. The daily was broken at .9590, and we still have not had the correction. There are exceptions to the rule, and if this is not one of them, then the picture does not look pretty.
Mr paul I posted 2 big charts I am amazed you didn't notice LOL
Raj, it sounds like you might already be doing well. But, load up the questions and comments. We'll have a little ichimoku suaree (I think I misspelled that now.) here at "Some of my forecasts".
Hey, seriously! With Nifty gone by the wayside, I got the time to kick it with the clouds.
Hey, seriously! With Nifty gone by the wayside, I got the time to kick it with the clouds.
Hi Forexworld & Paul,
I do not use ichimoku for my trading strategies. I am interested to learn. As off now, I am using trends, pivots, trendlines and different timeframes before I take up any trade.
I try to grasp when you both are discussing about a particular and try to look at it in a different way. Very soon, I will be coming with lot of questions in ichimoku, please bear with me.
Regards
Raj
I do not use ichimoku for my trading strategies. I am interested to learn. As off now, I am using trends, pivots, trendlines and different timeframes before I take up any trade.
I try to grasp when you both are discussing about a particular and try to look at it in a different way. Very soon, I will be coming with lot of questions in ichimoku, please bear with me.
Regards
Raj
I need glasses, but I'm not that blind--lol.
Just like I told Debarghya, that was my last post for awhile, because I was getting CORPORAL TUNNEL. I got to come up with a new excuse. That was the 2nd time I did that and someone nailed me last time.
Okay, back to business. Carpal tunnel is also setting in. (We must have tunnel vision around here.)
One thing is for sure. I never said the move to 1.1060 would be in a straight line. Even though the daily kijun and the weekly cloud top would form a strong S, it is hard to imagine a retracement going that low. The SD channel is going to do a major adjustment, because the price is off the map. The former mentioned S needs to hold or we can call off the trip to the monthly cloud bottom.
Here's a scary thought. The rule with any TL break is a strong candle through it, then a correction back to it. The daily was broken at .9590, and we still have not had the correction. There are exceptions to the rule, and if this is not one of them, then the picture does not look pretty.
Just like I told Debarghya, that was my last post for awhile, because I was getting CORPORAL TUNNEL. I got to come up with a new excuse. That was the 2nd time I did that and someone nailed me last time.
Okay, back to business. Carpal tunnel is also setting in. (We must have tunnel vision around here.)
One thing is for sure. I never said the move to 1.1060 would be in a straight line. Even though the daily kijun and the weekly cloud top would form a strong S, it is hard to imagine a retracement going that low. The SD channel is going to do a major adjustment, because the price is off the map. The former mentioned S needs to hold or we can call off the trip to the monthly cloud bottom.
Here's a scary thought. The rule with any TL break is a strong candle through it, then a correction back to it. The daily was broken at .9590, and we still have not had the correction. There are exceptions to the rule, and if this is not one of them, then the picture does not look pretty.
I know you said it wouldn't be a straight line we were discussing it earlier but it was a clear shot up to 1.0655 before the huge retracement took place and currently is in progress, I Know looking for daily kijun and the weekly cloud top would form a strong S but a correction up these level are two much low( I was thinking to much) !Yesterday I changed my mind I was looking for a retracement upto the daily tenken which got hit and the pair is currently holding at the daily tenken! don't worry Mr paul we should not call off the trip to the monthly cloud as bottom. I think from here the air should resume up but I have my fingers crossed if anything happens.....
Hi Forexworld & Paul,
I do not use ichimoku for my trading strategies. I am interested to learn. As off now, I am using trends, pivots, trendlines and different timeframes before I take up any trade.
I try to grasp when you both are discussing about a particular and try to look at it in a different way. Very soon, I will be coming with lot of questions in ichimoku, please bear with me.
Regards
Raj
I do not use ichimoku for my trading strategies. I am interested to learn. As off now, I am using trends, pivots, trendlines and different timeframes before I take up any trade.
I try to grasp when you both are discussing about a particular and try to look at it in a different way. Very soon, I will be coming with lot of questions in ichimoku, please bear with me.
Regards
Raj
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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.
The 4-hour kijun, daily tenken combo may not be a bad area for position traders to initiate a hedge.
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