Some of my forecasts

[ashwani chadha]

I've been featuring a lot of these charts on my blog, but I didn't pass any on to my thread. (You can beat me with a wet spaghetti noodle if you'd like.)

The chart shows the value of having static S&R's that are reliable. Again, the levels for mine are always available upon request, but there are also other static form of S&R's. As long as they meet the following test, then you are on to something.

This pair should be hitting the WR1 at 1.4462 sooner rather than later. After that point is hit, there will be the minimum 38.2% correction to 1.4435. These are the kind of trades that can be set when you know you won't have much screen time, but you still want some pips. After all. Each market will yield about 2 trades per week. If you are trading 3 markets at 25 pips per trade that's 150 pips just for setting entry trades.
If you doubt this (I'll love it if you do--lol.), just set this this as an entry order to short on your demo account with the TP at the stated amount.

(((There's one other rule. Do not get in the way of freight trains. If it is in a sharp trend on the weekly or daily, take the trades with the trend, but certainly not against it.)))

thanks for the above statement

 

[ashwani chadha]

Khater,((( when there are strong implications on any TF, it means the trend will last for multiple candles. In this case, it is the monthly, so the trend will take several months to evolve))).

thanks for your above statement

 

[4xpipcounter]

You are welcome Ashwani. It's always a pleasure when you drop by my thread.

I'll post some more of those charts if someone is interested. The scary thing is this week is there has been no exceptions to the rule with regards to my S&R's that I have seen. I say "scary" because there are always exceptions.

 

[4xpipcounter]

Eur/jpy

As per my Weekly Forecast, I said this pair would hit 111.08 this week and even allow for a spike to 111.28. The former was hit perfectly yesterday, but it is still a favorable scenario to see 111.28 hit before a retreat south.

 

[NANDAMAD]

You are welcome Ashwani. It's always a pleasure when you drop by my thread.

I'll post some more of those charts if someone is interested. The scary thing is this week is there has been no exceptions to the rule with regards to my S&R's that I have seen. I say "scary" because there are always exceptions.

Sir,

Please give as much as you can. No doubt many are interested. In fact after
my office, the first thing I am doing these days is to see you thread. It relieves
me of so much tension. Only if I can fully understand your ( I am zero in charts etc. )thread, which I am trying to study from ABC I think I will be able to get back all the hard earned money I lost because of the brokers.
Regards

 

[NANDAMAD]

Re: Gold

Nadamad, SJD knows me too well. He answered your question.

Sir,
Thank you, I am trying to learn things. so the silly questions. Pl. forgive If any time you feel I have offended or asked too a basic question.

Regards.

 

[NANDAMAD]

Re: Gold

As Paul will say, you need to make your own decisions. However, his first comment was "the market is ready to drop hard". How should we interpret it?

Sorry sir, pl tell me how 1923 can be converted to Indian price. I have ac with Religare and want to take position.
Thanks

 

[4xpipcounter]

Okay, Nandamad, based on your request, I'll get started. What I am prepared to do is show the value in static S&R's. Because of my limited screen time this week, all my trades were based on my weekly S&R's. Keep in mind my levels are always available on any market I have a chart for. The idea is to show the value of them, and even though I personally feel mine are the best, I did want to point out again that there are quite a few good ones that can be plotted on your chart.

Many of my examples will be past. But then, I'm not a rear view mirror person, but sometimes you have to do it in order to show the legitimacy based on the past record. Once I get it going and you see my point, you can suggest any market, and I'll post the chart within its context.

Sir,

Please give as much as you can. No doubt many are interested. In fact after
my office, the first thing I am doing these days is to see you thread. It relieves
me of so much tension. Only if I can fully understand your ( I am zero in charts etc. )thread, which I am trying to study from ABC I think I will be able to get back all the hard earned money I lost because of the brokers.
Regards

 

[4xpipcounter]

Re: Gold

Nandamad, there is no such thing as a silly question. If you don't know the answer, then the question needs to be asked. I've said this a lot, but regardless who we are, the learning never ends. All of us are at different levels in the learning.

Sir,
Thank you, I am trying to learn things. so the silly questions. Pl. forgive If any time you feel I have offended or asked too a basic question.

Regards.

 

[4xpipcounter]

Static S&R's II--GBP/USD

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I said I would post lots of past performances, but I'm starting with something live.

First, the rules are simple. (Trading is not easy, but the rules you use to trade with should be simple.) When an S or R has been hit enter at that point going the opposite direction. The TP for my demonstrations will always be the most conservative at 38.2% of the mark between reference points. In this example, the next trade for the GBP/USD will be at the WS1 at 1.6364, and 38.2% of the level between the WS1 and the WP at 1.6464 is 1.6402. For the benefit of simplicity the 38.2% level only will be plotted on my charts.
It should also be noted that higher levels could be set for the TP, such as the 50% and the 61.8%. The odds are those levels will be hit, but the 38.2% is a quick level with no suspense.
There are some other basic rules that will be pointed out along the way, such as staying out of the way of freight trains

This chart shows the past performance after the WR1 was hit. That actually changed the direction of the trend on this TF.