Some of my forecasts

[rajesh.sadhanala]

The only pair that attracts me at this time is USDJPY. Rest of all, I cannot make up my mind so better to avoid it.

Senkou Span B = 78.1 (Daily charts)
Senkou Span A = 80.8 (Weekly charts)

The momentum of AUDUSD is very good. Not sure how long it will continue but has taken out retracement of 61.8 from top of 1.078. The next target should be 1.0432 based on the top from 1.104. Its the most exciting pair that gives good moves in both direction.

Paul,
Imagine that you do not have any open positions and if you had to trade AUDUSD or EURUSD (not a must, well can sit on sidelines too). How would u start it. I mean that momentum is showing up but that the uptrend line is very steep and might have a reversal/ correction at any time. Can you please share your strategy of planning a trade in this situation.

Regards
Raj

 

[4xpipcounter]

TTG, I already posted them in post # 1557.

paul,
i request your weeklies on gold and crude.
my hands are itching to press the short keys and still waiting for the right time to enter
thanks a lot

 

[tradetogain]

paul,
sorry i missed it by oversight.
thanks.

TTG, I already posted them in post # 1557.

 

[forexworld]

The only pair that attracts me at this time is USDJPY. Rest of all, I cannot make up my mind so better to avoid it.

Senkou Span B = 78.1 (Daily charts)
Senkou Span A = 80.8 (Weekly charts)

The momentum of AUDUSD is very good. Not sure how long it will continue but has taken out retracement of 61.8 from top of 1.078. The next target should be 1.0432 based on the top from 1.104. Its the most exciting pair that gives good moves in both direction.

Paul,
Imagine that you do not have any open positions and if you had to trade AUDUSD or EURUSD (not a must, well can sit on sidelines too). How would u start it. I mean that momentum is showing up but that the uptrend line is very steep and might have a reversal/ correction at any time. Can you please share your strategy of planning a trade in this situation.

Regards
Raj

Mr paul,I am sorry for the posting here but I had to answer this-
Raj, Go to google type ( 4xpipcounter.blogspot.com )! that is Mr paul's blog you will find all the weekly forecast about what is going to happen with all the major 11 pairs these week, Including indian markets and commodity ! Mr paul helps me discussing it through emails also

 

[4xpipcounter]

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Raj, I think I posted somewhere that my TP was set at the weekly tenken at 1.3847, so I am looking for a new entry in the EUR/USD or for an entry in another market. My USD/CHF is still up and running, and I'm being patient with it as I let it run.

All that being said, the EUR/USD is giving us and up-to-date and current lesson on TLs with regard to the next entry. The official and traditional TL is the one on the bottom that was drawn from the dip to the 1st swing low. The second one was drawn from 1st swing low to the 2nd swing low. That could be considered a preliminary TL, and we did get the typical break of the TL.
By preliminary, I mean it could be the first sign of either consolidative pricing activity as we still head to 1.4004, or if the official TL is broken, then it marks we are back in the DOWN. The official one should be a decision point.
With regard to the break of the 1st one, we would wait for the correction to take place that will hit at least 1.3815 (The point of the line is was broken, up to circa 1.3838, which is the tenken.). That will mark an ideal entry for a move to the top of the cloudTL confluence of 1.3605.
If original conjecture is correct that 1.4004 will be the peak, then 1.3605 will mark the perfect entry for a move back to that point. At the very least, it will mark a low-risk opportunity.

As far as the Aussie is concerned, let me address it with a separate post.

The only pair that attracts me at this time is USDJPY. Rest of all, I cannot make up my mind so better to avoid it.

Senkou Span B = 78.1 (Daily charts)
Senkou Span A = 80.8 (Weekly charts)

The momentum of AUDUSD is very good. Not sure how long it will continue but has taken out retracement of 61.8 from top of 1.078. The next target should be 1.0432 based on the top from 1.104. Its the most exciting pair that gives good moves in both direction.

Paul,
Imagine that you do not have any open positions and if you had to trade AUDUSD or EURUSD (not a must, well can sit on sidelines too). How would u start it. I mean that momentum is showing up but that the uptrend line is very steep and might have a reversal/ correction at any time. Can you please share your strategy of planning a trade in this situation.

Regards
Raj

 

[4xpipcounter]

TTG, no problem. This thread moves kind of fast at times, and some things can speed by you.

paul,
sorry i missed it by oversight.
thanks.

 

[4xpipcounter]

Forexworld, no need to apologize for posting here. You are always welcome.

Mr paul,I am sorry for the posting here but I had to answer this-
Raj, Go to google type ( 4xpipcounter.blogspot.com )! that is Mr paul's blog you will find all the weekly forecast about what is going to happen with all the major 11 pairs these week, Including indian markets and commodity ! Mr paul helps me discussing it through emails also

 

[4xpipcounter]

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The Aussie is a little more straightforward. If we are going to get at least close to the original projection of 1.0501, which will add ammo to an explosive reversal, then the TL needs to hold, currently at 1.0208. If it does not hold, then wait for the break to the circa area of the kijun at 1.0118. It will contain for the correction back to the break, and then enter at the circa area of the break.
Once again, the TL makes for a low risk entry on a long.

BTW, when I talk of low risk opportunities for entries on the TL's, that means wait for the candle to complete itself. As long as it closes on this side of the TL, then you are ready for the entry, with a pip below the dip as a stop.
If the stop is hit, then that's fine. You had a small loss, but then get ready for the short on the correction.

Raj, as well as all others, if there is any question with the way I have described these things, then do not hesitate to ask. I don't speak Indian, so I do understand we can have language barriers.

The only pair that attracts me at this time is USDJPY. Rest of all, I cannot make up my mind so better to avoid it.

Senkou Span B = 78.1 (Daily charts)
Senkou Span A = 80.8 (Weekly charts)

The momentum of AUDUSD is very good. Not sure how long it will continue but has taken out retracement of 61.8 from top of 1.078. The next target should be 1.0432 based on the top from 1.104. Its the most exciting pair that gives good moves in both direction.

Paul,
Imagine that you do not have any open positions and if you had to trade AUDUSD or EURUSD (not a must, well can sit on sidelines too). How would u start it. I mean that momentum is showing up but that the uptrend line is very steep and might have a reversal/ correction at any time. Can you please share your strategy of planning a trade in this situation.

Regards
Raj

 

[rajesh.sadhanala]

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Raj, I think I posted somewhere that my TP was set at the weekly tenken at 1.3847, so I am looking for a new entry in the EUR/USD or for an entry in another market. My USD/CHF is still up and running, and I'm being patient with it as I let it run.

All that being said, the EUR/USD is giving us and up-to-date and current lesson on TLs with regard to the next entry. The official and traditional TL is the one on the bottom that was drawn from the dip to the 1st swing low. The second one was drawn from 1st swing low to the 2nd swing low. That could be considered a preliminary TL, and we did get the typical break of the TL.
By preliminary, I mean it could be the first sign of either consolidative pricing activity as we still head to 1.4004, or if the official TL is broken, then it marks we are back in the DOWN. The official one should be a decision point.
With regard to the break of the 1st one, we would wait for the correction to take place that will hit at least 1.3815 (The point of the line is was broken, up to circa 1.3838, which is the tenken.). That will mark an ideal entry for a move to the top of the cloudTL confluence of 1.3605.
If original conjecture is correct that 1.4004 will be the peak, then 1.3605 will mark the perfect entry for a move back to that point. At the very least, it will mark a low-risk opportunity.

As far as the Aussie is concerned, let me address it with a separate post.

Thanks Paul for the detailed explanation.

 

[rajesh.sadhanala]

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The Aussie is a little more straightforward. If we are going to get at least close to the original projection of 1.0501, which will add ammo to an explosive reversal, then the TL needs to hold, currently at 1.0208. If it does not hold, then wait for the break to the circa area of the kijun at 1.0118. It will contain for the correction back to the break, and then enter at the circa area of the break.
Once again, the TL makes for a low risk entry on a long.

BTW, when I talk of low risk opportunities for entries on the TL's, that means wait for the candle to complete itself. As long as it closes on this side of the TL, then you are ready for the entry, with a pip below the dip as a stop.
If the stop is hit, then that's fine. You had a small loss, but then get ready for the short on the correction.

Raj, as well as all others, if there is any question with the way I have described these things, then do not hesitate to ask. I don't speak Indian, so I do understand we can have language barriers.

You explain it very well Paul.
One query, do u trade those pullbacks. Like currently holding at 1.028 at the time of your post. it may reach the kijun area of 1.0118. Do you trade these setup..
Thank you for your time really.
Good nite.

Regards
Raj