Some of my forecasts

[Piratetrader]

Then don't trade it.

I can see where the pair is headed over the next several months, as per my LT forecast. Th YS2 at 71.34 should be hit this year. I still won't hitch a ride with it. I don't want to take all year just to make 550 pips.

Sir I see that 75.43 has been a maximum fall for the pair since 1990 ! Sir that is one amazing forecast but I would like to know sir how did you do that ? I mean 71.34 a number where price action has never been there ??

 

[NANDAMAD]

Re: Crude Oil

image upload

What we are looking at for this market is a near term drop to 96.54 and possibly as low as 95.41. After this leg of the correction is completed, this market is headed higher. Even though it is still trapped in the weekly cloud, it looks evident we will get the break through the top and head to 108.00 and afterward, towards 114.00.

Still shd we expect a near term drop to96.54. or todays high will continue. pl enlighten.

 

[4xpipcounter]

Sir I see that 75.43 has been a maximum fall for the pair since 1990 ! Sir that is one amazing forecast but I would like to know sir how did you do that ? I mean 71.34 a number where price action has never been there ??

No need to be confused. It's magic. My charts are my magic ball. They say, "Pips and Tucker, come join me on a journey to 71.34. I want to take you to places you have never been before."

Now that I woke up, and I'm back to reality, I guess I should explain. The reason my S&R's were devised with my formula the way they were is they measure the range and cycles within the range. So, if I want to know where the market will be longer term, then the first thing I need to do is look at the overriding sentiment on the higher TF's--the weekly and monthly. It's very clear. They are in a very deep downward channel. The clouds are very low flying. Everytime price makes an attempt to move higher, it is strong rejected. All this adds up to the fact it is heading further south for the year. Now, the object is to know how far is this drop going to go. The clouds are not going to be a big help here in order to project where price will be, because they are on top of price action even into the future.
This is where my S&R's come in. They do measure the trend's range, as I have mentioned. That tells me with all the evidence the YS1 at 74.11 will be hit. Considering 79.65 is now a very strong cluster event, and it is also the YR1, that tells me it will contain to the north. For the most part in any given TF, there is movement of 3 reference points. That tells me the minimum objective is the YS2 at 71.34. Considering 71.34 is the area of the 50% mark of the decade's S1>S2, that tells me do not stay too comfortable in any shorts once arrived at that point.

 

[4xpipcounter]

Re: Crude Oil

Nanda, I could safely say it is a fault of mine that my personal semantics have many hidden meanings to it. When I say to "look for a drop to that point", more often than not it means to look for it in order to find a more ideal entry to go long.
This market is a freight train, and right now, containment for the week is going to be the cluster event of 99.91.

Note: Notice the sureness behind that statement. In other words, for at least this week, price is not dropping under 99.91....period.

Still shd we expect a near term drop to99.54. or todays high will continue. pl enlighten.

 

[NANDAMAD]

Got it , thank you.

 

[4xpipcounter]

Usd/nok

This pair has begun a temporary correction of the longer term uptrend. The descent should take the pair to circa 5.7848. After this process is finished, then we would see a return to the UP to 6.1268.

 

[4xpipcounter]

Eur/usd

As per my Weekly Forecast, I mentioned the WR2 at 1.3075 looks rock solid for this week, and to this point, it has contained perfectly, as it was the peak for the week. There is a cluster S area at 1.2966 that will provide strong S. If broken, then we dip to the 1.28's in a hurry.

 

[rajesh.sadhanala]

Re: Eur/usd

As per my Weekly Forecast, I mentioned the WR2 at 1.3075 looks rock solid for this week, and to this point, it has contained perfectly, as it was the peak for the week. There is a cluster S area at 1.2966 that will provide strong S. If broken, then we dip to the 1.28's in a hurry.

Back from the holidays.
Entered long on EURUSD with a first target of 1.315

Regards
Raj

 

[4xpipcounter]

Re: Eur/usd

Hi Raj! Good to see you back!

Back from the holidays.
Entered long on EURUSD with a first target of 1.315

Regards
Raj

 

[4xpipcounter]

Eur/usd ii

image hosting jpeg

The picture makes it clear where the pair is now headed. We had the typical break of the TL. It is now correcting, and we are headed to the WS1 at 1.2888.