Some of my forecasts
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Almost everytime TL's maintain this same property. There is a strong break, and then the correction back to at least the point of the break, with the TL holding firm as R. The point of the break was .9103, and we already had a move back to that point. Expect the WS2 at .9138 to contain the price action, as we head lower on the next strong leg.
for eur/usd the picture is not clear like usd/chf I think any move below 1.3543 should be limited as it is a daily kinjun, overall the pairs should resume its uptrend in a sideways pattern till 1.3845 before we see some good corrections!there are R also seen at 1.3750 and 1.3799! for now its correcting itself from the strong resistance seen on 1.3670-90
NZD/JPY - in a short sentence higher time frame indicates bears pair is headed towards 61.56 I am excepting some huge reversal to the down
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Hi Timepass. I wanted to post my chart in order to answer your question.
Your feeder had the problem. The USD Index did not actually spike down that far.
Quite honestly, that is the first thing that dawned on me as soon as read your post. I mentioned in other posts and even giving the burden of proof behind the mathematics of the markets. If that move actually happened, then every USD pair would have had similar moves against the USD.
LOL, you last 3 words almost looks like a play on words-- "deep dip pips". Try and say that real fast 3 times.
Sometimes out market (Nifty) has some "freak" trades. It appears that the dollar index too suffers from the same malady. Comments on that deep dip, pips ...
"It would be a clear shot to 1.3845 if yesterday resistance 1.3670-90 is broken completely."
"some good R for eur/dollar is seen at 1.3710, 1.3750 and 1.3799, bottom of the monthly cloud as well"
First let me address a couple of issues, and then I'll make separate posts on your requests.
The above quotes came from you. The upper one was almost a verbatim post from me view. Either things are going to be choppy or it is going to be a clear shot.
This is what I talk about when I refer to trading being something that is of personal conviction, rather than repeating worn out mantras. If you are ever going to be a trader with proven consistent gains over time, then you are going to have to treat the learning process as just that and not repeating mantras like they are your own, and then hoping someone is impressed.
I had you put the forecast, especially the NZD/JPY in your own words to get my point across. You sounded so sure as long as you had my talking points. After that, you gave your forecast on the NZD/JPY and the positive overtones disappeared.
Another thing is you mentioned my patience and it was correlated to the FA's. Everyone is entitled to their views. I know of no patience that is even needed. Everyone knows where I stand on FA's, and so if they want to come in here and share their view on it, then I am all ears.
The thing is with FA's, they make us look (key word) smart. You shared some plagiary on the FA's, but for a fact, it is no viable trading connection for you personally. If you were that sure of it, then there is no need to ask how the EUR/USD is going to do.
Again, if someone wants to share the news, then share it, but make sure it is your view, personally, and not something that is just being repeated. This thread is not so closed that only Pips' methodology is open for conversation. I don't like hearing someone else's information copied and repeated like it belongs to the one that did the repeating.
Give me a few minutes for the posts you wanted. My wife needs help, and Tucker needs to go water the grass.
"some good R for eur/dollar is seen at 1.3710, 1.3750 and 1.3799, bottom of the monthly cloud as well"
First let me address a couple of issues, and then I'll make separate posts on your requests.
The above quotes came from you. The upper one was almost a verbatim post from me view. Either things are going to be choppy or it is going to be a clear shot.
This is what I talk about when I refer to trading being something that is of personal conviction, rather than repeating worn out mantras. If you are ever going to be a trader with proven consistent gains over time, then you are going to have to treat the learning process as just that and not repeating mantras like they are your own, and then hoping someone is impressed.
I had you put the forecast, especially the NZD/JPY in your own words to get my point across. You sounded so sure as long as you had my talking points. After that, you gave your forecast on the NZD/JPY and the positive overtones disappeared.
Another thing is you mentioned my patience and it was correlated to the FA's. Everyone is entitled to their views. I know of no patience that is even needed. Everyone knows where I stand on FA's, and so if they want to come in here and share their view on it, then I am all ears.
The thing is with FA's, they make us look (key word) smart. You shared some plagiary on the FA's, but for a fact, it is no viable trading connection for you personally. If you were that sure of it, then there is no need to ask how the EUR/USD is going to do.
Again, if someone wants to share the news, then share it, but make sure it is your view, personally, and not something that is just being repeated. This thread is not so closed that only Pips' methodology is open for conversation. I don't like hearing someone else's information copied and repeated like it belongs to the one that did the repeating.
Give me a few minutes for the posts you wanted. My wife needs help, and Tucker needs to go water the grass.
Raj ,anytime that I refer to hedging in my personal trading it is always forex.
You can enter a trade on a pair going one direction, which is the case of a recent position on the EUR/USD. When it hit my MR1, I could see momentum waning, so I entered a trade going in the opposite direction. The object here is that on a hedge that is against the trend you just have to be quick on the trigger. It's designed to give some pips, even though the previous trade is currently going against you.
I also use a hedge as a stop. As an example, I might know the market has peaked, so I want to go short. OTOH, if it goes against me, it would pierce a very key area, and the original trade could go against me quite a few pips. Either I would set a stop, or a hedge. If it rose to the next level, then reversed, the trade would have the net effect of entering at that level, because of the pips gained on the hedge.
You can enter a trade on a pair going one direction, which is the case of a recent position on the EUR/USD. When it hit my MR1, I could see momentum waning, so I entered a trade going in the opposite direction. The object here is that on a hedge that is against the trend you just have to be quick on the trigger. It's designed to give some pips, even though the previous trade is currently going against you.
I also use a hedge as a stop. As an example, I might know the market has peaked, so I want to go short. OTOH, if it goes against me, it would pierce a very key area, and the original trade could go against me quite a few pips. Either I would set a stop, or a hedge. If it rose to the next level, then reversed, the trade would have the net effect of entering at that level, because of the pips gained on the hedge.
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