Some of my forecasts

[forexworld]

That's why I could care less about FA's. Even though some people might do well with them, I see no way how to base an objective trading decision in using them.

I said I wouldn't say much for this but now you guys are pushing me to talk about it ! arggh ok, Mr paul 100% on the last sentence ,People that trade using the fundamentals are banks hedge funds, corporation they control the forex market, They are too long term traders and investors they do not have a specific take profit, stop loss or any other levels ! the 10% concept of my fundamentals only helps me to give a little boost to my confidence It could no way be used for making trading decision! trading based on fundamental is just like - for an example( because I have nothing better to do now )-- the european economy has come up with steps to prevent the crisis the NFP, GDP, Jobless rate, unemployment rate, consumers price index are all positive outlook for the eurozone so will I put a buy on eur/usd just because it is getting better???? Nooooo without even knowing looking at the charts, the take profit, stop loss, S and R, important levels,Trendlines, channel lines. point of reversal and corrections our ichimoku kinko hyo, the momentum oscillators etc etc and putting it all together I cannot make an entry,exit,stop decisions unless I want to bankrupt my account I add 90% of technical reasons and 10% economical just to give me the confidence for the trades! thats it!

btw look out today is USD Fed Releases Minutes of Sep. 20 FOMC Meeting, huge volatily as expected - LOL

 

[forexworld]

Raj I said some corrections even minor is expected after touching 1.3670 which I expected and already posted in the previous page dip was 1.3578! The short position was worth taking !! good support is seen at 1.3543 which is the daily kinjun also , pair should be limited to this area! breaking this would change the scenerio! but the most favourable is the bottom of the monthly cloud to be hit at 1.3845! Mr paul also said the same thing in the previous post looking for strong R at the WR3 at 1.3713.(the peak was 1.3699) Unless there is broad consolidation from current level, the WR3 should bring on a sharp intraday decline. this is what we are currently seeing !

Usd/chf - daily kinjun acting as a good support supporting the pair to move higher this could be some last fresh air the pair is taking before going all the way back down

btw I sit and keep you guys updated while you guys are sleeping with fun - lol these european market times makes me feel I am talking to a ghost!

 

[rajesh.sadhanala]

Raj I said some corrections even minor is expected after touching 1.3670 which I expected and already posted in the previous page dip was 1.3578! The short position was worth taking !! good support is seen at 1.3543 which is the daily kinjun also , pair should be limited to this area! breaking this would change the scenerio! but the most favourable is the bottom of the monthly cloud to be hit at 1.3845! Mr paul also said the same thing in the previous post looking for strong R at the WR3 at 1.3713.(the peak was 1.3699) Unless there is broad consolidation from current level, the WR3 should bring on a sharp intraday decline. this is what we are currently seeing !

Usd/chf - daily kinjun acting as a good support supporting the pair to move higher this could be some last fresh air the pair is taking before going all the way back down

btw I sit and keep you guys updated while you guys are sleeping with fun - lol these european market times makes me feel I am talking to a ghost!

Nope I am at work and just finished it.
You didn't get my point clearly. I only meant that trading contra at that point of time is dangerous and not correct. It is always either up or down, the cyclic nature of markets.

My emphasis is only that there is no setup with respect to technicals at the time of your trade except that it is a strong resistance.

Good to see some pullback. Looking for a re-entry again.

Regards
Raj

 

[forexworld]

Nope I am at work and just finished it.
You didn't get my point clearly. I only meant that trading contra at that point of time is dangerous and not correct. It is always either up or down, the cyclic nature of markets.

My emphasis is only that there is no setup with respect to technicals at the time of your trade except that it is a strong resistance.

Good to see some pullback. Looking for a re-entry again.

Regards
Raj

Hi raj, good to see you! With respect to the techs There is always a pullback from very strong R area's ! It is always good to mark them on the charts

 

[rajesh.sadhanala]

I said I wouldn't say much for this but now you guys are pushing me to talk about it ! arggh ok, Mr paul 100% on the last sentence ,People that trade using the fundamentals are banks hedge funds, corporation they control the forex market, They are too long term traders and investors they do not have a specific take profit, stop loss or any other levels ! the 10% concept of my fundamentals only helps me to give a little boost to my confidence It could no way be used for making trading decision! trading based on fundamental is just like - for an example( because I have nothing better to do now )-- the european economy has come up with steps to prevent the crisis the NFP, GDP, Jobless rate, unemployment rate, consumers price index are all positive outlook for the eurozone so will I put a buy on eur/usd just because it is getting better???? Nooooo without even knowing looking at the charts, the take profit, stop loss, S and R, important levels,Trendlines, channel lines. point of reversal and corrections our ichimoku kinko hyo, the momentum oscillators etc etc and putting it all together I cannot make an entry,exit,stop decisions unless I want to bankrupt my account I add 90% of technical reasons and 10% economical just to give me the confidence for the trades! thats it!

btw look out today is USD Fed Releases Minutes of Sep. 20 FOMC Meeting, huge volatily as expected - LOL

I just want to add few things to it.

Trading on fundamentals (news) or technicals makes no difference but the news that reach a trader is too late where as price action is same for every trader in the world. Thats the basic difference.

Regards
Raj

 

[forexworld]

some good R for eur/dollar is seen at 1.3710, 1.3750 and 1.3799, bottom of the monthly cloud as well

 

[4xpipcounter]

I've been staying real quiet too. I may not for long!!!

I said I wouldn't say much for this but now you guys are pushing me to talk about it ! arggh ok, Mr paul 100% on the last sentence ,People that trade using the fundamentals are banks hedge funds, corporation they control the forex market, They are too long term traders and investors they do not have a specific take profit, stop loss or any other levels ! the 10% concept of my fundamentals only helps me to give a little boost to my confidence It could no way be used for making trading decision! trading based on fundamental is just like - for an example( because I have nothing better to do now )-- the european economy has come up with steps to prevent the crisis the NFP, GDP, Jobless rate, unemployment rate, consumers price index are all positive outlook for the eurozone so will I put a buy on eur/usd just because it is getting better???? Nooooo without even knowing looking at the charts, the take profit, stop loss, S and R, important levels,Trendlines, channel lines. point of reversal and corrections our ichimoku kinko hyo, the momentum oscillators etc etc and putting it all together I cannot make an entry,exit,stop decisions unless I want to bankrupt my account I add 90% of technical reasons and 10% economical just to give me the confidence for the trades! thats it!

btw look out today is USD Fed Releases Minutes of Sep. 20 FOMC Meeting, huge volatily as expected - LOL

 

[forexworld]

I've been staying real quiet too. I may not for long!!!

LOOL - I know you are a man with great patience but everyone has its limit! the bubble can burst any time I can feel it in this case I will never mention the Word "fundamental"

 

[TraderSe7en]

Hello PipCounter, What about your day? Mine was not very good, I just got +60. Considered Short Scalp Opportunities.

 

[forexworld]

Mr paul I request you to put up todays views on eur/usd and nzd/jpy !