Some of my forecasts

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Weekly S&R's--021212

R3 r2 r1 s1 s2 s3
eur/usd 1.3494 1.3359 1.3277 1.3115 1.3033 1.2898
usd/jpy 78.95 78.35 77.98 77.26 76.89 76.29
gbp/usd 1.5950 1.5860 1.5806 1.5698 1.5644 1.5554
usd/chf 0.9338 0.9259 0.9211 0.9115 0.9067 0.8988
aud/usd 1.0875 1.0782 1.0727 1.0615 1.0560 1.0467
usd/cad 1.0128 1.0076 1.0044 0.9982 0.9950 0.9898
nzd/usd 0.8414 0.8345 0.8304 0.8220 0.8179 0.8110
eur/gbp 0.8519 0.8454 0.8414 0.8336 0.8296 0.8231
eur/jpy 105.97 104.37 103.40 101.48 100.51 98.91
gbp/jpy 125.01 123.77 123.03 121.53 120.79 119.55
eur/aud 1.2653 1.2521 1.2442 1.2282 1.2203 1.2071
 
Weekly Forecast--021212

EUR/USD: With last weeks strong reversal, it may have signaled the end of the MT correction, which means my MT forecast would be off by close to 200 pips. That is still not confirmed, but what is confirmed is that the DOWN will continue this week. It is doubtful the WR1 at 1.3277 will be hit this week, but the correction will continue north to start the week. To the south, we have the WS2 at 1.3033 to look forward to. Watch for a reaction at that point. If we get too far past it, then were going to the low-1.2900s.

USD/JPY: This pattern ended last week in a pattern of consolidation after a strong move north. Another leg north should be the order of things to start the week. The level to watch for is the WR2 at 78.35. If it is touched, then this pair could be on its way to the 79.00s. This pair has been in a super funk for 6 months. The only to come out of it is for the move to continue north to around 81.00. If that happens, then we could get the OB condition we need to send this pair scampering for another leg south on the LT radar

GBP/USD: There is little doubt the correction is over for this pair. It has the WS2 at 1.5644 on the radar this week, and it should go even much lower.

USD/CHF: The bottom of the hourly cloud is .9117, which ties in perfectly with the WS1, and it should contain this week. Watch out for the WR2 at .9258. Any kind of a strong spike through it, then we are headed back to the top of the cloud / kijun combo at .9354.

AUD/USD: There is an R zone on the 4-hour between 1.07271.0744. That should contain any moves to the north. Once back in the DOWN, this pair should hit the MS1 at 1.0641.

USD/CAD: There are quite a few 2s this week signaling high acceleration if they are so much as touched, and this is another one of those pairs. The WR2 is 1.0076, and if it is touch, then we can put 1.0206 on the radar. The pair reversed its fortunes to end last week, and it should continue south this week. There is a major ST cluster event at .9981. It needs to contain, and most likely will.

NZD/USD: This pair put on a show to end last week, and all the indications are there it is now going much lower. The WR1 is .8304, but this pair senses no urgency to correct that far. The WS2 at .8179 is on the radar this week. MT, it has the daily kijun at .8086 in its sights.

EUR/GBP: The 4-hour cloud top/ WS1 combo at .8336 should contain the move north that end last week and will probably continue this week. As a matter a fact, a very strong move towards the weekly kijun at .8552 could be expected. This week look for the WR2 at .8454 to be hit, and the pair could continue its march beyond that.

EUR/JPY: The move south that ended last week will go deeper this week. It does not appear it is ready to reverse, but may have entered an extended consolidation phase. Ideal containment is 101.21, but it could go to 100.78. Anything below the latter, and then it gets ugly for future direction.

GBP/JPY: The daily tenken at 121.37 needs to hold if this pair will continue higher. A move north to start the week towards ichimoku cluster R at 122.59. As long as it holds, then there is no reason to believe that 121.37 will, and so like its cousin, the EUR/JPY some consolidation could be the order of the day.

EUR/AUD: I got this pair back on my watch list. This pair gave the appearance it is back on its MT track going south, but I doubt that will be the case. Containment heading south should be the 4-hour kijun at 1.2275. Afterward the move north should be back on track. Watch for reaction at the WR2 at 1.2442. It will probably contain this week, but if there is a very strong bounce off it, then it could be back to the drawing board for this pair, and that also is doubtful. By next week, this pair should be approaching the weekly tenken at 1.2684.
 
My two words of appreciation

I am hugely impressed :hap2:

I went little deep looking into previous posts and had a great impression on your though what if there is no computer tools and indicators to help in the future, cool stuff; nice though.

that's when we try and remember the basics isn't it. besides what was on your mind! 2012 a doomsday? :lol:, Just kidding

Ichimoku series was real nice I picked up a thing or two (and in Back testing stage)

price action series were classic, it reminded me of martin ping's price patterns sessions.

Kudos :clapping:
 
Re: My two words of appreciation

Thanks, SH. There is still more to go on price action. There were some personal discoveries I made on that, and the pips are phenomenal. It's like microwave pips.

No doomsday for 2012. But the "what if's" are prepared for. I love the ichimoku. LOL, even Tucker and Romeo know that (Dave's laughing.). I want it to always be a part of my repertoire. But, just in case whatever might happen (I'm not predicting a thing.), I will always know how to draw a line at swing highs and lows. I will always have my S&R's. I will always know how to draw a proper TL.

BTW, always feel free to post questions, comment, and even disagree. I'm open to it all.
One more thing to you. In lieu of your Gann methodology, if you use static S&R's at all, plot mine on your chart. I'm not conceited, but I'll put mine up against any that are out there. The old-timers here know there is more to my S&R's than just a support or resistance, which is another thing that makes them so effective. If you want to put me to the test on this, name any market, I'll post last week's S&R's on the chart, and then you tell me if they are accurate.
I said all that for one reason. If you use static S&R's, then plot mine on your chart.


I am hugely impressed :hap2:

I went little deep looking into previous posts and had a great impression on your though what if there is no computer tools and indicators to help in the future, cool stuff; nice though.

that's when we try and remember the basics isn't it. besides what was on your mind! 2012 a doomsday? :lol:, Just kidding

Ichimoku series was real nice I picked up a thing or two (and in Back testing stage)

price action series were classic, it reminded me of martin ping's price patterns sessions.

Kudos :clapping:
 
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