Some of my forecasts

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Re: EUR/USD and the NFP



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I'll just say this one thing about news events, and then forgive me for even bringing it up--lol.
It probably can go without saying but news provides high volume for the markets. Volume is the octane behind any major pushes.
That's all leading up to the facts I have talked about this congestion area that this market is currently in. If I had to guess we will get at least a strong thrust up to the WR1 at 1.3673. That should be an NFP-type decision point. Either it is an explosive move through it, or we get a strong reversal. My bias is the latter.

I have my TP set at the WR1.
I wonder what will SJD say when he notice that you bought some fundamental mumbo jumbo talk -LOL

eur/usd 1.3673 my eyes are on it
 
Re: EUR/USD and the NFP

If the favored scenario prevails, then what could be happening is a strong pullback for an even more magnificent rally in the near future.
I removed my TP for that reason.
Of course, if the original conjecture is wrong, then it will be even more for my advantage.
I can't find words to describe this pair now, now that it hit a very stong R of 1.3505 I am unsure what its direction would be ! according to the default setting(I am adding it) it has hit the monthly kinjun !on the daily it is above the tenken sen I am so confused !
 
agrrrrrrr......eur/usd is a mess I don't want to look at this pair right now until things are clear ! I will be waiting for the WF ! what I feel now that in the h4 price is going to break the cloud moving sideways

ok lets talk about gbp/jpy h4 span A acting as good resistance, h4 every is acting as equibrilium , Indicating a reversal to the down! on the daily price is getting desperate to hit kinjun, weekly and monthly price is buried and smoked!
 
Re: EUR/USD and the NFP

He knows me real well.
All i stated was facts. A look at the chart tells the story.
I almost apologize for even bringing news items up, because I don't want people to believe I ever make a trading decision based on them.
OTOH, it is also a fact that during news times there is more volume in the markets.
It is also a fact that volume is as the metaphor I have used often, and that is the high octane that is needed to push price action through strong or cluster S&R events. That area does not get broken at 3:00pm EST when everybody goes home, because there is not enough volume to push price action through that point.

Oh my goodness! I just noticed a huge typo!!!!
I will correct it. My WR1 is 1.3475.


I wonder what will SJD say when he notice that you bought some fundamental mumbo jumbo talk -LOL

eur/usd 1.3673 my eyes are on it
 
Re: EUR/USD and the NFP

He knows me real well.
All i stated was facts. A look at the chart tells the story.
I almost apologize for even bringing news items up, because I don't want people to believe I ever make a trading decision based on them.
OTOH, it is also a fact that during news times there is more volume in the markets.
It is also a fact that volume is as the metaphor I have used often, and that is the high octane that is needed to push price action through strong or cluster S&R events. That area does not get broken at 3:00pm EST when everybody goes home, because there is not enough volume to push price action through that point.

Oh my goodness! I just noticed a huge typo!!!!
I will correct it. My WR1 is 1.3475.
LOL- so now I am getting it, I started to wonder why the MR and WR1 is the same and it is 150 pips above from the current point! In this case WR1 at 1.3475 has been clearly hit but as you said you removed the tp for some rally more above! Mr paul if you are expecting a rally more high till what point it would be before reversals are seen>?
 
Re: Crude Oil

Someone needed me to explain this further, because it could not be understood, so I'll post here in case someone else did not understand it.

No later than Tuesday the dip will begin towards 79.77.
Then, the UP continues to 90.65, and then it should be back in the DOWN.

I'm getting a lot of requests behind the scenes. Always feel free to post here, then everyone gets the full benefit.
Once again, there are no stupid questions. Also, if your English is bad, please do not worry. My Indian is worse.


As per request:

In my last update of this market, it was approaching a very bearish 4-hr cloud and OB conditions existed.
Containment under these conditions were thought to be in that area around 80.82. The bottom was ripped out, and then headed to the top of the cloud in very extreme conditions. The bearish cloud has a very strong drop and no later than Tuesday a descent should begin that will take this market back to the top of that cloud at 79.77. Afterward, a resumption of the UP should continue, as the weekly will get its way. Nevertheless, containment should now be seen at the bottom of its cloud at 90.65.
 
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