Some of my forecasts

[4xpipcounter]

Okay, that is it for now. I got the rest of the lawn to mow, then I'm off to a party / fall picnic. It's an annual thing we do.

When I'm back, I'll start the Weekly Review and the Weekly Forecast. It might seem strange, but doing the Weekly Forecast is my favorite part of the work week.
I guess it's part of the addiction.

 

[forexworld]

Re: EUR/USD and the NFP

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These are my weeklies. I have a set of charts specifically with only my weeklies on it because I am working with someone in the usage of static S&R's.

For now I make a long story short. I should have drawn the Fibs on here, but here's the sequence for automated scalping:
1. Draw the Fibs between each reference point (WR2>WR1, WR1> WP, WP>WS1, etc.).
2. The entry for the reversal is the reference point.
3. A conservative TP is the 38% point of the reference points.
4. Once the 3 is hit, either their is a strong reversal, like what you see in the picture. If that does not happen, then its a freight train. Watch for a strong.

For scalping and short term trades, use the S&R's in conjunction with the lower TF's--4-hour on down to the 5m, with the ichimoku.
For others watching my S&R's are doable in conjunction with your indicator of choice.

The only thing that cautions would be a strong trend on the upper TF's. If that is the case, then there are many continuations, such as a move from the WP--WR2 with no pullback.

Also be aware that the levels are effective for the entire time (weekly levels during the week), but they are not as effective once the cycle has been completed after they have been hit. A live example of that is the EUR/USD. After the predicted reversal, it is struggling at the WP--1.3385.

Also the measure between the levels is of the cycle for that TF. The cycle on the EUR/USD has completed from WR1 to WP, and so it is now struggling to keep moving before it heads lower. We may not make it back to the WS1 at 1.3295 is unlikely. New cycle limits are measured for the new week, and thus, they start all over again.

As a general rule the range for any TF is between the 1 and the opposite 2. It's the mark of a very strong trend for that TF or a breakaway if the 3 is hit.

Hi Mr paul thanks for explaining I got it !I never knew ichimoku can be traded on less than 1 hour chart! I have to look at the history charts now! I am going to add this S and R to my live account! btw the pic that you have posted shows that it works great with green pips ! btw you said you post these every week? if you post them every week you gotta me kidding me It would be like a cow giving milk everyday -LOL! how much return can it give weekly? If I am not mistaken you post them every weekend ! So how about setting up an order every week and watch the pips as it comes by? ! can all of the 11 pairs be traded ? or some should be left exceptional? and what if a pair went against me where should be the stop loss be placed ? and yeh the lot that you recommend for a 600$ account ?

 

[forexworld]

I thought you were talking about the EUR/USD dropping that low.

No eur/usd 400 pips down - lol highly unlikely for now ! I was talking about loonie

 

[forexworld]

Re: S&R's II

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Here's an example of a "strong trend for that TF"

The 4-hour S&R's for the EUR/USD are as follows:

R3 1.3580
R2 1.3535
R1 1.3507
S1 1.3453
S2 1.3425
S3 -1.3380

The dip for the 4-hour candle is 1.3379 (Believe it or not the 1.3380 is rounded off. The actual number is 1.33796.).

The S3 was hit, and the size of the candle shows the strong move.

Also opposite 3's are never hit in one TF.

I could go on and on about my S&R's. This is a total addiction for me. They work on your local weather, regardless where in the world you live. If you have the history of your weather and I can plot it on a chart, I'll prove it.

I see now it works great according to the picture but does it work every time,every week and with all 11 pairs?

 

[forexworld]

I thought you were talking about the EUR/USD dropping that low.

No I was talking about the loonie coming down and hitting the top of the weekly cloud! btw eur/usd is not looking good daily tenken adding up a lot of pressure! even the montly kinjun (default setting) is adding up a lot of pressurew weekly close to look like doji candlestick

 

[4xpipcounter]

Re: EUR/USD and the NFP

Hi Mr paul thanks for explaining I got it !I never knew ichimoku can be traded on less than 1 hour chart! I have to look at the history charts now! I am going to add this S and R to my live account! btw the pic that you have posted shows that it works great with green pips ! btw you said you post these every week? if you post them every week you gotta me kidding me It would be like a cow giving milk everyday
Check the history in this thread, and you will see every week since I've been here I've posted my Weekly Forecast, the Weekly Review,and most the time, my S&R's
My cow gives me milk everyday. The thing is the simplicity is there, but there is even a strict discipline with trading my S&R's.

-LOL! how much return can it give weekly?
There are a lot of variables here. Foremostly, the size of trade with respect to your equity.

If I am not mistaken you post them every weekend ! So how about setting up an order every week and watch the pips as it comes by?
I've done it exactly that way on weeks where I do not have a lot of screen time, and there are no strong longer term obviations.

! can all of the 11 pairs be traded ? or some should be left exceptional?
The only markets where there is a slight issue with are the Indian markets because they are only open 6 1/2 hours per day, so that is a lot of unaccountable time. I can make the corrections behind-the-scenes, so I would still benefit.
Having said, I don't trade any of the Indian markets. When I used to forecast them before my platform went down, many of my forecasts were done on conceptual corrections to my S&R's that no one really knew anything about

and what if a pair went against me where should be the stop loss be placed ?
40% of the distance between reference points plus the spread.

and yeh the lot that you recommend for a 600$ account ?

The amount in the account is irrelevant. What is relevant is the percentage of position size to the equity, and the other thing to consider is the leverage your account has.

 

[4xpipcounter]

Re: S&R's II

You could have named the market, and then I could show you all the relevant price action.
Don't forget, if we get me a history of weather that I can put on a chart on my spreadsheet, that is all I need to give you the S&R's for next week or month in your area. In my area, when temperatures hit R3 or S3, there is some really nasty weather around the corner.

So, as far as forex is concerned. I'm not talking just the 11 pairs. I can give you the S&R's for whatever I got the charts for. People ask me for markets like DAX, gold, silver, DJIA, crude, and many commodities.

I see now it works great according to the picture but does it work every time,every week and with all 11 pairs?

 

[forexworld]

Re: EUR/USD and the NFP

The amount in the account is irrelevant. What is relevant is the percentage of position size to the equity, and the other thing to consider is the leverage your account has.

Thanks mr paul, I hope your cow would like me and give me the same good quantity and quality milk every day - LOL

My leverage is 1:100 and with the above statement I could put 0.5 micro lots on every trade that would give about 50 cents on every pip on my 600$ account !

 

[forexworld]

Re: S&R's II

You could have named the market, and then I could show you all the relevant price action.
Don't forget, if we get me a history of weather that I can put on a chart on my spreadsheet, that is all I need to give you the S&R's for next week or month in your area. In my area, when temperatures hit R3 or S3, there is some really nasty weather around the corner.

So, as far as forex is concerned. I'm not talking just the 11 pairs. I can give you the S&R's for whatever I got the charts for. People ask me for markets like DAX, gold, silver, DJIA, crude, and many commodities.

Mr paul you should have told me about this before, you already know I can't catch positive trades every day! Now with this It gives me a sign of relief - lol

 

[4xpipcounter]

Re: EUR/USD and the NFP

That means on a market like the EUR/USD you would pay 56.50 to put the trade up, so safely you could have 2 trades at one time.
I would not do it on your live account this quick. You may want to test the waters on your demo.
Even for me, my cow give sour milk every once in awhile, but she give enough good milk to help keep my account in good condition.
Another thing to remember is don't get too used to my S&R's. I'll give them to you for any market you want. But....if a car heads me head on tonight when I am coming home from the party, you will never see my S&R's again.

Thanks mr paul, I hope your cow would like me and give me the same good quantity and quality milk every day - LOL

My leverage is 1:100 and with the above statement I could put 0.5 micro lots on every trade that would give about 50 cents on every pip on my 600$ account !