Some of my forecasts

[4xpipcounter]

Weekly S&R's--011512

R3 r2 r1 s1 s2 s3
eur/usd 1.2928 1.2812 1.2743 1.2603 1.2534 1.2418
usd/jpy 77.32 77.15 77.04 76.84 76.73 76.56
gbp/usd 1.5584 1.5463 1.5389 1.5243 1.5169 1.5048
usd/chf 0.9709 0.9623 0.9571 0.9467 0.9415 0.9329
eur/chf 1.2166 1.2122 1.2095 1.2041 1.2014 1.1970
aud/usd 1.0553 1.0446 1.0381 1.0253 1.0188 1.0081
usd/cad 1.0414 1.0331 1.0282 1.0182 1.0133 1.0050
nzd/usd 0.7842 0.7751 0.7697 0.7587 0.7533 0.7442
eur/gbp 0.8429 0.8358 0.8315 0.8229 0.8186 0.8115
eur/jpy 99.15 98.41 97.96 97.08 96.63 95.89
gbp/jpy 119.69 118.85 118.35 117.35 116.85 116.01
eur/aud 1.2522 1.2413 1.2347 1.2215 1.2149 1.2040

 

[4xpipcounter]

Until price action livens up for the USD/JPY, it will no longer be featured in my Weekly Forecast.

 

[4xpipcounter]

WEekly Forecast--011512

These are the first 4. I will edit this post when I have finished it.


EUR/USD: With the strong reversal last week, this pair will keep us in suspense as to just when the MT reversal will be. It is expected to see the pair continue to the WS2 at 1.2534 this week. There is a possibility it could continue to the mid—1.2400’s, but if the WS2 contains, then we should see the pair peak at the WR1 at 1.2743.

GBP/USD: This pair is very close to make an even strong move south. All of a sudden, 1.5567 is not only MT containment, but it is almost unattainable for a long time. This week any shot of moving higher will be limited to the WR1 at 1.5389 or possibly the WR2 at 1.5463. Watch for 1.5031 over coming weeks. If that is taken out convincingly, then the low at 1.3503 established in Jan. ’09 is on the radar.

USD/CHF: I mentioned last week that we should be seeing a move (Words to that effect.) to the low-.9900’s. Last weeks strong ending further confirmed that. That WS1 is .9467, and that may not be hit this week, as the pair should be marching on to the WR2 at .9623 and could be higher.

EUR/CHF: The WR1-hourly kijun combo at 1.2095 might be containment this week as we should see the move south continue to the WS2 at 1.2014.

 

[trade4joisar]

Re: Rcom

T4J, that is subject to much conjecture. In looking at your daily chart, I can assume the weekly is still under the cloud, and most likely under the kijun, and should be close by the tenken. Assuming all that is right, then momentum needs be evaluated. If that 2nd R is close to the weekly kijun, then that will make for some solid R.
Another thing to consider is how far is the candle floating above the 4-hour cloud? There may be a need for it to correct, and particularly if it is close to the weekly tenken.
BTW T4J, excellent posts on your part. I think you have added additional believability to the ichimoku indicator. I had no idea the move had already completed when you posted the chart. It just goes to prove how effectual the indicator really is by using the whole indicator.

So here is the update of Rcom

So whenever candles moves above clouds it is in uptrend?
What is used here to see the reversal point?

What is important of tenken & kjun here?

 

[trade4joisar]

Re: Adani Power

Considering I use my complete methodology for forecasting, and multiple TF's, I feel I'm at a bit of a handicap. I'm also going to assume this is the daily chart.

There was a very strong move on the reversal (Why is this sounding so familiar of late?), but I'm not convinced it is ready to continue until at least a mild correction happens.
The RSI is showing we are going to get a reversal or another strong breakaway.
The reason I favor a correction, which would be shorter term, is that the tenken and kijun are still buried under a bearish cloud. The cloud has hit the top, which would signal a reversal.
A correction back to the point of the TL break is favorable, and should be contained by the new UP TL. By the time, the TK combo should be agreeing and could be used to push the market over the cloud and keep it in the UP for many days to come.

image hosting

Here is update of Adani Power

Seems like correction is started.

Your comments on this.

 

[trade4joisar]

GMR Infrastructure

What makes it so powerful reversal that it is not stopping instead of going beyond OB zone.

What can be consider as a reversal point here? It is just below next R.

 

[VJAY]

Dear trade4joisar,
Nice charts ...good observations too...this would help to get some expert views from paul....thats way we too learn a lot.....

 

[LivetoTrade]

Re: WEekly Forecast--011512

These are the first 4. I will edit this post when I have finished it.


EUR/USD: With the strong reversal last week, this pair will keep us in suspense as to just when the MT reversal will be. It is expected to see the pair continue to the WS2 at 1.2534 this week. There is a possibility it could continue to the mid1.2400s, but if the WS2 contains, then we should see the pair peak at the WR1 at 1.2743.

GBP/USD: This pair is very close to make an even strong move south. All of a sudden, 1.5567 is not only MT containment, but it is almost unattainable for a long time. This week any shot of moving higher will be limited to the WR1 at 1.5389 or possibly the WR2 at 1.5463. Watch for 1.5031 over coming weeks. If that is taken out convincingly, then the low at 1.3503 established in Jan. 09 is on the radar.

USD/CHF: I mentioned last week that we should be seeing a move (Words to that effect.) to the low-.9900s. Last weeks strong ending further confirmed that. That WS1 is .9467, and that may not be hit this week, as the pair should be marching on to the WR2 at .9463 and could be higher.

EUR/CHF: The WR1-hourly kijun combo at 1.2095 might be containment this week as we should see the move south continue to the WS2 at 1.2014.

Sir, did you mean .9643 ? We closed on Friday at .9521.

 

[4xpipcounter]

Re: Rcom

Wow! I looks that first level was hit rather nicely.

For the most part, that is the case. A candle breaks through the top of the cloud, then that is a bullish signal or condition. There are other things that help in determining that:
1. The position of the tenken and kijun. If they are both hot on the trial of the candle, such as this chart, then here is little doubt it is going higher. However, if the tenken and kijun are buried under the cloud, that is a warning.
2. Another thing to consider is the next higher TF, and in this case, it would be the weekly. I'd venture a safe guess the candle is still buried under the cloud on the weekly. That is saying the candle still has plenty of room to move on the weekly, which means it bullish on the daily.

The next thing R to look for is the level where the recent bullish cloud topped out at. Check your weekly and see if that level would still keep you under the weekly cloud. If that is the case, then you have a good chance the market will continue to rise to that level .

The tenken and kijun are just as important as each other when working together. You do look for the tenken to have crossed over the kijun to confirm the UP. You look for the candle to cross over both to confirm the UP .They also are giving mixed signals, which is a warning, it they have strongly diverged from each other.
In using stops, you want to use the kijun 3 candles back. The tenken is only a measure of the last 9 candles which only represents 1/3 of a typical cycle, and so the tenken will be hit during a trend. A candle closing under it is a warning the trend might be changing. If it touches the kijun, then really throw UP the yellow flags. If it closes under it, or hits the level 3 candles back, or if the tenken crossed the kijun, then quickly call your broker, or hit the close button.

When the candle is inside the cloud ,that is an indication price could go either way, because it has entered the equilibrium zone. If the tenken and kijun are following closely, then it could make for a high risk, yet, low pip stop trade. We'll get into it later, but the chinkou is also a strong indicator of what to expect in price action.

Hopefully, my goal is to have the series on the ichimoku completed this week.

So here is the update of Rcom

So whenever candles moves above clouds it is in uptrend?
What is used here to see the reversal point?

What is important of tenken & kjun here?

 

[4xpipcounter]

Re: Adani Power

It would seem that way. The only thing is the cloud is now support, and I'm looking at it with regards to price action. That was not a very strong candle after the strong 3-day move north. It will look more convincing if the bottom is taken out, and there is a close inside the cloud. This will be interesting to see what the weekly looks like. If it just hit the bottom of the tenken (Which I doubt it made it that far yet on the weekly.), then the ST reversal should be underway. It would be more sure. If the weekly is still in the middle of nowhere, then that is a confluence that is lacking that could have helped.
Nevertheless, watch for a close back in side the cloud. This would only be a correction as long the the TL's hold up. If they are broken, then this market is back in the DOWN.

Here is update of Adani Power

Seems like correction is started.

Your comments on this.