Some of my forecasts

[4xpipcounter]

Those levels do not have to be expected to herald the predicted reversal. That is why I entered this pair when I did, and why I posted the other chart.

I am tired waiting for the pair to at least hit the montly kinjun and the bottom of the weekly cloud !

 

[forexworld]

Those levels do not have to be expected to herald the predicted reversal. That is why I entered this pair when I did, and why I posted the other chart.

Hi Mr paul , I was only talking to raj that why didn't you showed up till now ! Hm I entered my sell postion today looking for the weekly kinjun, minimum The weekly tenken!

 

[forexworld]

Am I looking at the wrong thing.. I am following standard setup.. Have u made any changes to ur setup. My setup for daily kinjun is 1.37127

Regards
Raj

I don't know raj why is your daily kinjun at that level ! mine is the default setup and daily kinjun is already broken it was at 1.3541

 

[4xpipcounter]

Re: EUR/USD and the NFP

Raj, that is a good point. That is why I mentioned in another post that some moves have to be anticipated. An example is today's move on the USD/CHF. We knew the extreme reversal was going to happen. I just found a place to jump in at. It happened to have no pullback, but I was still willing to take a ride of about 100 pips in reverse if I was wrong in the entry.

There are many variables with trading.

Having these levels can help us to get an good idea of the TP and Stops but trading them is not easy because unless it can match your strategy and expectations.

The tough thing is to identify the direction and to know whether there will be a pullback after every target has been reached. The strength of the move is also very key in this setup.

Regards
Raj

 

[rajesh.sadhanala]

I don't know raj why is your daily kinjun at that level ! mine is the default setup and daily kinjun is already broken it was at 1.3541

Ya u r correct. I am checking Metatrader its 1.35413 where as my saxo platform is different. I guess due to different open and close prices.

This is the first time I have realised it.. oops.. pretty dangerous.

 

[NANDAMAD]

Nanda you are very welcome. I guess the strong move north kind of put a scare in you. I'll add the crude weeklies to my list.
Without even knowing what the levels are this week, crude will hit at least the WS1 this week, and should go lower. A cursory glance at price action tells me that.

Thank you Paul sir,

I will hold on and wait for your guidance.

regards.

 

[forexworld]

I would say 1 thing don't fight the trend today.

 

[4xpipcounter]

Uploaded with ImageShack.us


Rajesh, Forexworld has accurately plotted my weeklies on this chart, but mine is also showing the monthlies. Price action is fast approaching my MR1. There was a continuation through my WR1 that has also gone well beyond my WR2. At least a minor correction can be expected after the MR1 is hit.
This is a freight train, so price action could just keep on going. This is where the bounces and some of the more predictable price action is less (well) predictable.

As you noted, the WR3 should be hit this week. We never got correction to start the week. Overall MT trend is north. 3 levels is the norm for any TF, so it is expected price to move from WP--WR3 (1.3710) this week.

The next target should be 1.371 which is daily kinjun. It is a broad consolidation as mentioned by Paul. Each milestone is very far and makes it broader. I find it Ichimoku very interesting with different timeframes, its just I get confused after sometime. I think I need a software to plot it an excel with different timeframes for easy reading.

This pair is in such a mode that cannot be traded for medium term except short term. The 4H chart is showing bullish, where as daily chart downtrend is in question.

Regards
Raj

 

[4xpipcounter]

Ahh no. Pips had 50 e-mails and a ton of requests. Even his blog was busy today. I'm running like crazy to keep up with everyone.

Keep posting, though.

why hasn't Mr paul showed up till now? he usually comes at this time! must be having roasted marsmallows - lol

 

[forexworld]

I have entered short @ 1.3670 as it was some resistance area according to the daily chart