Some of my forecasts

[forexworld]

It's not broken until it closes the week below that point, even though it could now be expected. I'm staying clear of trading it now. It's a freight train out of control.
I do the see the move headed to circa 1.5060 right now.

yesterday we were talking about a reversal on this pair now we see the pair heading to the south low! welcome to forex market !-lol btw mr paul these moves happens due to some fundamental news, the both pairs should be back in a track within few hours!

 

[rajesh.sadhanala]

Hi raj, Glad that you showed interest in ichimoku ! Yes smoke the post with as many as questions you want ! We all will be benifited, If you don't ask how will you learn and clear your doubts ! It took me a lot of time to understand ichimoku and the basic I had no one to talk to on this system! But now I discuss my views here and get it straight , It Helps a lot ! I could also learn this way~! I have been reading this website from a lot of time but I signed up about 2 months ago !

Forexworld & Paul,

Went through the basics of Ichimoku. I find it very interesting with lot of variations.

What interests me more is to identify the strength of the move..
1) Price action relative to cloud
2) Chikou span relative to cloud
3) Cross over relative to cloud.

I will go through more no of charts to understand things better.. I will trade on my demo account based on signals.

Regards
Raj

 

[rajesh.sadhanala]

The 4 hour kinjun is low to 1.3353 far from the one which I was aiming for at 1.3410, although the pair was 15 pip shorts and made a high of 1.3395, the daily tenken is still to be hit! btw the 4 hour stoch seems to be making a bearish divergence! nOw I would have o watch for some levels 1.3233!

On 4hrs timeframe, it formed a 1-2-3 pattern.. little parabolic though. 1.3410 shud be hit very soon

 

[rajesh.sadhanala]

yesterday we were talking about a reversal on this pair now we see the pair heading to the south low! welcome to forex market !-lol btw mr paul these moves happens due to some fundamental news, the both pairs should be back in a track within few hours!

Had it been with the trend, it shud be easy to be back in track.. Against the trend so its a hard way to be back again.. A Green candle of another 4hrs can negate the previous 4hrs red candle.

Regards
Raj

 

[rajesh.sadhanala]

Hi Paul, Forex,

Looking at the 4hrs Chart of Siliver (XAGUSD).

We are at the bottom of the cloud. senkouB.
Tenken crossing Kinjun => Bullish Signal
Price Action Below = Weak Signal
Chikou Span Above = Strong
Cross Over Below = Weak Signal.

So overall its a very weak long call for 4hrs.. It can be a weak rally.

Please correct me if i interpret anything wrong.

Regards
Raj

 

[forexworld]

Hi Paul, Forex,

Looking at the 4hrs Chart of Siliver (XAGUSD).

We are at the bottom of the cloud. senkouB.
Tenken crossing Kinjun => Bullish Signal
Price Action Below = Weak Signal
Chikou Span Above = Strong
Cross Over Below = Weak Signal.

So overall its a very weak long call for 4hrs.. It can be a weak rally.

Please correct me if i interpret anything wrong.

Regards
Raj

Everything you said is correct, In the H4 every bullish crossover is hapenning below the cloud so it is a weak signal as well as the price has entered the cloud it indicates neutral, btw take a look at the daily chart price is buried in bears, but you might wanna take a look at some previous days candles it is sideways as well above the daily tenken! stoch is giving some bull divergence, there should be a pullback to the daily kinjun, take a look at the weekly, it will give you a reversal signature!

 

[4xpipcounter]

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Right, but I give no thought for the FA's. I don't trade using FA's as a decision. I got out of my cable position when I did, because it was loosing momentum at the top. I figured I could have added to it after it reversed.
The momentum gave out before the news hit. Once again, the TA's tell in advance what the news is going to do.
The pair was also getting volatile before the news hit. The encircled area shows what was going on before the news. The arrow shows where I jumped out at while the momentum was giving out.
You said you are 90% TA and 10% FA. I think I'm 110% TA and -10% FA. Form e personally I consider FA's useless.

LOL, I know SJD is laughing after he reads this.
He's going to get in here and say, "Please! Don't get Pips started on that FA talk."

yesterday we were talking about a reversal on this pair now we see the pair heading to the south low! welcome to forex market !-lol btw mr paul these moves happens due to some fundamental news, the both pairs should be back in a track within few hours!

 

[forexworld]

Had it been with the trend, it shud be easy to be back in track.. Against the trend so its a hard way to be back again.. A Green candle of another 4hrs can negate the previous 4hrs red candle.

Regards
Raj

I will suggest you to look at higher time frames for trend direction and not only the h4 , if the h4 and daily is giving a bullish sign but the weekly is not agreeing ! suppose the weekly is at the just the bottom of the weekly cloud, It could be reversal sign, consider all the Equilibrium! you migh wanna take a look at usd/chf for an example

 

[forexworld]

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Right, but I give no thought for the FA's. I don't trade using FA's as a decision. I got out of my cable position when I did, because it was loosing momentum at the top. I figured I could have added to it after it reversed.
The momentum gave out before the news hit. Once again, the TA's tell in advance what the news is going to do.
The pair was also getting volatile before the news hit. The encircled area shows what was going on before the news. The arrow shows where I jumped out at while the momentum was giving out.
You said you are 90% TA and 10% FA. I think I'm 110% TA and -10% FA. Form e personally I consider FA's useless.

LOL, I know SJD is laughing after he reads this.
He's going to get in here and say, "Please! Don't get Pips started on that FA talk."

LOL- Now SJD is sure going to jump in after reading your post! the exit point was surely a smart move, you knew it in advance that the momentum was giving out, I couldn't predict it! Now I would have to learn how to draw smart channel lines !
btw gbp/usd is trying hard to get back in its foot

 

[4xpipcounter]

Gbp/usd

I mentioned in my Weekly Forecast that this pair is going to make a very strong reversal after the bottom of the cloud is hit. Today it was hit, and we got a strong reversal, but I was not implying 138 pips in 3 hours. A expecting something of greater consequence and that is a move towards the daily tenken at 1.5970. Most likely, that has been put on ice. We had the strong and typical break of the 4-hour TL today, thus, an apex has been formed at 1.5470, thus making for a very strong R. There is also pressure on the daily to move south, so iwe should see the bottom of the weekly cloud broken sooner than later. If that does not happen, then the move north will be violent.