Some of my forecasts

[k.raaja]

dear 4xpipcounter, could u highlight the relation between major currencies and gold/silver and basemetals(copper,zinc etc) ... thanks in advance..

 

[4xpipcounter]

Kraaja,

It's a coincidence I was just reading a dialogue between you and Ashwani in the other thread.

The current price on all precious metals is measured as a cross against the USD. Just like currencies, the precious metals have their predictable cyclical patterns.
All precious metals have their mathematical relationship with currencies because of the fact it is measured as a cross against the USD.
As an example, at any given time, you can take the EUR/USD * USD/CHF, and it will always equal the EUR/CHF.
You can take, as an example, XAG/USD * USD/CHF, and you will get the price on XAG/CHF. That would be gold as a cross with the Swiss franc.

If your question pertains to fundamental data, then I do not have an answer, as I do not subscribe to anything fundamentally related, because it is too easy to prove the exception, which proves it to be a false conclusion. In making all my forecasts, the only thing I evaluate are the charts I have in front of me. Needless to say, all my trading decisions are made based on the charts in front of me.

dear 4xpipcounter, could u highlight the relation between major currencies and gold/silver and basemetals(copper,zinc etc) ... thanks in advance..

 

[k.raaja]

thank you 4xpipcounter... for your detailed explanation.. i have raised this question because, almost all commodity traders will go through economic calender.. and comodity traders will take deep look at economic data... thats why i have raised my doubt here..

thank you once again 4xpipcounter..

 

[4xpipcounter]

Raaja, you are welcome. Keep in mind I tend to be very dogmatic, because of personal experience and my success. Having said that, you could still view my assertions as opinions with regards to not even considering fundamental data. What is not opinion is the fact that precious metals prices are compared to the USD, and all the currency markets and precious metals all have their mathematical relationship which can easily be proven.

thank you 4xpipcounter... for your detailed explanation.. i have raised this question because, almost all commodity traders will go through economic calender.. and comodity traders will take deep look at economic data... thats why i have raised my doubt here..

thank you once again 4xpipcounter..

 

[4xpipcounter]

Eur/nzd

Once this pair breaks through the hourly cloud, the next stop will be my WR2 at 1.8920. There is a major cluster event waiting at 1.8885 that will most likely hold this time DOWN.
This goes against my Weekly Forecast, but I was wrong.

 

[4xpipcounter]

I've been quiet this week. Simply put, my forecasts are off this week, and so it is during these times that it requires dissidence.

There are no foolproof systems, and mine is proving that this week.

On a personal trading basis. I have less than 100 pips this week, and one losing trade up.

 

[4xpipcounter]

Eur/nzd

If we make it that low, 1.9163 is going to be key support.

 

[4xpipcounter]

Djia

As per my forecast the weekly kijun, currently at 11443 has almost been hit. There appears to be enough has in the tank to make it to 11199. That area will require a longer term reaction, but if broken convincingly, then that puts the top of the monthly cloud on the radar at 10334.

 

[4xpipcounter]

Eur/jpy

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Look at the size of that wick! What an ugly week! The only thing that happened right for this pair is that it will finish inside the cloud, and so all bets (just a figure of speech) are still on for the top of the cloud at 121.95.

 

[4xpipcounter]

Eur/usd

Look for 1.4189 to be containment, and herald a reversal. That is the WR3 and the top of the monthly cloud. A break of 1.3941 will get us to the daily kijun at 1.3757 quickly.