Some of my forecasts
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Re: NZD-- long term
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King Kiwi has been putting a thumpin' on the USD, along with anything else these days. (I won't post the crosses just to prove it.)
The chart is showing the fact it is getting primed up for another strong move north. And, here's where I love the stereotypes! First of all, I do not set my boundaries on the stochastics like most people, at 80 and 20. Mine are set at 85 and 15. So when mine are OB / OS, there's no argument. This is the 4-hour chart. By looking at the stochastics, most people would be jumping out of their long (I am long on this pair.), and hitting the sell button. Look at the divergence, and the part it diverged. It's OB. It should be sitting on top of the the kijun by now. What's the deal!?
Let me dispel a misnomer. (BTW, I have no vendetta against anyone. I'm just stating facts.) How many times have we read that indicators are useless, and that you cannot and make money using them? And then 4xpipcounter has this indicator enriched methodology, and he is making pips. What they say about indicators being useless is a half-baked idea. Now for that proof.
By all indications, price should have collapsed, and so it fulfills someones pessimism towards indicators (Hold on! I opened another can of worms.) Wrong! Price did not respond to the divergence because of strong momentum on the price action. The stereotype is that price is always supposed to respond to those patterns. That is not true! You have to use the stochastics, like any other oscillator, as a confluence. I didn't post the daily chart, but this is what I call a freight train. Just get out of the way, and let it do its thing.
You might ask, how did I peg .7474, and what am I so extremely confident we are headed that way. We are in the process of what I call a pattern of continuation. My WR1 is .7391. The hourly better shows what I am talking about here, but you can still see it on this 4-hour. Price hit the level. Usually there would be at least a 38.2% bounce off that to the WP. That did not happen, and price has consolidated above the mark. This means the next objective is .7474.
Getting back to the can of worms I opened. If someone is pessimistic towards indicators, that's fine. People trade successfully using price action, candlestick patterns, Elliot Wave, etc. That's good for them, but they're dead wrong when they say you can't trade and make money using indicators. When you visit this thread, it is indicator enriched.
BTW, this thread is still getting 125 knocks per day. I must have a lot of silent viewers. I still encourage all input, questions, and comments relative to this thread.
QUOTE=4xpipcounter;534342]Folks, I'm not kidding, but long term, the kiwi looks like it is on steroids. Against the USD, it is looking at getting to .7582, and it could go quick. When you consider what should be imminent reversal for the EUR/USD, GBP/USD, and the fact the USD/JPY will be headed further north, for at least the time being. This means those 3 currencies as the cross with the kiwi is going to get spanked all over the forex map.
Look back at this post a few weeks from now, and then you'll see what I mean.[/QUOTE]
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King Kiwi has been putting a thumpin' on the USD, along with anything else these days. (I won't post the crosses just to prove it.)
The chart is showing the fact it is getting primed up for another strong move north. And, here's where I love the stereotypes! First of all, I do not set my boundaries on the stochastics like most people, at 80 and 20. Mine are set at 85 and 15. So when mine are OB / OS, there's no argument. This is the 4-hour chart. By looking at the stochastics, most people would be jumping out of their long (I am long on this pair.), and hitting the sell button. Look at the divergence, and the part it diverged. It's OB. It should be sitting on top of the the kijun by now. What's the deal!?
Let me dispel a misnomer. (BTW, I have no vendetta against anyone. I'm just stating facts.) How many times have we read that indicators are useless, and that you cannot and make money using them? And then 4xpipcounter has this indicator enriched methodology, and he is making pips. What they say about indicators being useless is a half-baked idea. Now for that proof.
By all indications, price should have collapsed, and so it fulfills someones pessimism towards indicators (Hold on! I opened another can of worms.) Wrong! Price did not respond to the divergence because of strong momentum on the price action. The stereotype is that price is always supposed to respond to those patterns. That is not true! You have to use the stochastics, like any other oscillator, as a confluence. I didn't post the daily chart, but this is what I call a freight train. Just get out of the way, and let it do its thing.
You might ask, how did I peg .7474, and what am I so extremely confident we are headed that way. We are in the process of what I call a pattern of continuation. My WR1 is .7391. The hourly better shows what I am talking about here, but you can still see it on this 4-hour. Price hit the level. Usually there would be at least a 38.2% bounce off that to the WP. That did not happen, and price has consolidated above the mark. This means the next objective is .7474.
Getting back to the can of worms I opened. If someone is pessimistic towards indicators, that's fine. People trade successfully using price action, candlestick patterns, Elliot Wave, etc. That's good for them, but they're dead wrong when they say you can't trade and make money using indicators. When you visit this thread, it is indicator enriched.
BTW, this thread is still getting 125 knocks per day. I must have a lot of silent viewers. I still encourage all input, questions, and comments relative to this thread.
QUOTE=4xpipcounter;534342]Folks, I'm not kidding, but long term, the kiwi looks like it is on steroids. Against the USD, it is looking at getting to .7582, and it could go quick. When you consider what should be imminent reversal for the EUR/USD, GBP/USD, and the fact the USD/JPY will be headed further north, for at least the time being. This means those 3 currencies as the cross with the kiwi is going to get spanked all over the forex map.
Look back at this post a few weeks from now, and then you'll see what I mean.[/QUOTE]
Dear paul, very good explanation on indicators.... thanks a lot.. I have read many of your threads, in those threads, i have come across WR1,WR2, etc... are they are weekly resistances?... and how you find those resistance zones... i mean by watching charts or are you using any mathmatical formulas? Kindly please elobarate ....
and one small doubt.. south means downmove and north means upmove.. am i correct ?
thanks in advance..
and one small doubt.. south means downmove and north means upmove.. am i correct ?
thanks in advance..
K.raaja, I came up with my S&R's about 4 years ago. I noticed along with the cycliality, that markets have their own predictable range, along with with a predictable counter move to that TF's movement. I came up with a formula to effectively spot, not only the cycle events, but also the market's range. If you plot my S&R's are your chart, you will notice the impeccable accuracy of them.
I noticed I posted a post called "semantics", but it probably got buried in this thread. That is my next post, which will clarify your question.
I noticed I posted a post called "semantics", but it probably got buried in this thread. That is my next post, which will clarify your question.
Semantics
Radar--It's in clear view. The obstacles are out of the way, and we are headed there.
Trifecta--When the daily, weekly, and monthly charts are all lining up.
North--Referring to when the pair is headed up.
South--Referring to when the pair is headed down.
East--Referring to when the pair is headed sideways.
Scenic route--When a market makes it to a forecasted point, but in a roundabout way.
Taking the local--It was slow moving to the destination, but the market made it.
Taking the express--We got to the final destination in a hurry.
Apex--The crossing of 2 trendlines.
Containment--That level should be where price stops. It will go no further.
Cluster support or resistance--Different form of S or R found in one place.
Ears popping--When the candle is flying too high above the cloud, so it is due to reverse.
Abyss--Candle is traveling to far under the cloud, so it is due to reverse.
Nuggets--Something special to pay close attention to.
Decision point--A point where it has not been determined if the market will move in the same direction, or reverse.It is a point that usually results in a strong move, one way or the other.
Reaction--When price gets to that point, wait to see how price reacts. It most likely means you can make pips going the contrarian direction, but don't count on the reversal being permanent.
Spike--This is a move that happens at a support or resistance area where the wick of the candle is very noticeable on the other side, but the close is at that level.
Volatility--Action when the candles seem to have no direction, and large wicks will usually accompany them.
W,M.Y, 1,2,3, R,S. Those are all acronyms referring to my S&R's. For example, if I refer to the MS2, I am referring to the 2nd support of the month.
Radar--It's in clear view. The obstacles are out of the way, and we are headed there.
Trifecta--When the daily, weekly, and monthly charts are all lining up.
North--Referring to when the pair is headed up.
South--Referring to when the pair is headed down.
East--Referring to when the pair is headed sideways.
Scenic route--When a market makes it to a forecasted point, but in a roundabout way.
Taking the local--It was slow moving to the destination, but the market made it.
Taking the express--We got to the final destination in a hurry.
Apex--The crossing of 2 trendlines.
Containment--That level should be where price stops. It will go no further.
Cluster support or resistance--Different form of S or R found in one place.
Ears popping--When the candle is flying too high above the cloud, so it is due to reverse.
Abyss--Candle is traveling to far under the cloud, so it is due to reverse.
Nuggets--Something special to pay close attention to.
Decision point--A point where it has not been determined if the market will move in the same direction, or reverse.It is a point that usually results in a strong move, one way or the other.
Reaction--When price gets to that point, wait to see how price reacts. It most likely means you can make pips going the contrarian direction, but don't count on the reversal being permanent.
Spike--This is a move that happens at a support or resistance area where the wick of the candle is very noticeable on the other side, but the close is at that level.
Volatility--Action when the candles seem to have no direction, and large wicks will usually accompany them.
W,M.Y, 1,2,3, R,S. Those are all acronyms referring to my S&R's. For example, if I refer to the MS2, I am referring to the 2nd support of the month.
Only the ZAR is flying higher
I did some checking with the NZD just to see how it has performed of late against every currency I could possibly look up. It has had its way with everything in sight except the AUD, which has shown slight gains against it, and the ZAR. The ZAR has been a monster against everyone of the 18 currencies I have access to.
BTW, I can't put my charts to those pairs, but I still have access to 153 pairs through my Price Momentum Charts software, which includes the sigma bands, curvilinear envelopes, and the decomposition charts.
I did some checking with the NZD just to see how it has performed of late against every currency I could possibly look up. It has had its way with everything in sight except the AUD, which has shown slight gains against it, and the ZAR. The ZAR has been a monster against everyone of the 18 currencies I have access to.
BTW, I can't put my charts to those pairs, but I still have access to 153 pairs through my Price Momentum Charts software, which includes the sigma bands, curvilinear envelopes, and the decomposition charts.
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