Some of my forecasts

[4xpipcounter]

Oh yeah, "Now's the time" "Round Midnight" for some excellent jazz.
I decided to spin some Miles too with my stiff drink, a cup of Tanizian Expresso topped off with whipped cream and a cherry. It's 10:45 in the morning here. I'll tone down to chamomile tea by the evening.

After about 10 minutes I made this actual post, I was listening to "Bird Paradise", and then it dawned on me who I was talking to.

You got that right, Paul. Judging by the its 115 odd points single-day drop from 5335 at the begining of the month, I would myself be surprised if it could make it beyond 5220s!

That's why I mention on Sudoku's thread. 5135+ closing is crucial (5137.835, to be precise. Don't ask me how I reached this number! )

After that, it might just be playing out of that old proverb: you can't cross a chasm in two leaps!

Now, I am gonna have a stiff drink, Miles Davis on stereo. No trading talk or thought for at least next 48 hours!

Take care and good night

[/B]

 

[EagleOne]

"Flamenco Sketches" is already on. John Coltrane, Bill Evans...Heaven has descended right here!

After this album, I am gone play the "Beyond Missouri Sky" by Metheny and Haden...

And then cap it all with my favourite Hindi songs! They are the best!

I will see you around, buddy.

 

[4xpipcounter]

Gbp/aud

I better get back to trading. LOL, I keep listening to Miles Davis this time of the day, I may need an extra shot of expresso.

Okay, GBP/AUD, here we go. The top of the daily cloud at 1.5168 signals a correction to the kijun at 1.5568. There is a possibility we might have to wait until the bottom is hit at 1.5056.

A little later, and as per a request via PM, I'll get a little more into reversal signals.

 

[4xpipcounter]

Eur/usd

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As per my Weekly Forecast, the EUR/USD was stopped dead in its tracks at the WS2. This was suppose to be containment. I was expecting a bit more of a sharper reversal from this point. The thing that now leaves doubt this area will contain is that price action has headed southeast under the hourly cloud. As long as that is the case, the TL on the chart would be hit at 1.4270, and then the reversal that would last the rest of the week.

 

[EagleOne]

Re: Eur/usd

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[4xpipcounter]

Eur/chf

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This pair is getting ready to be plundered. A doji being formed at the bottom of the cloud with an SD channel extreme, and a very bearish cloud is the means for a ticket to the kijun, as per my Weekly Forecast.

As an additional note, with the current view effective for the EUR/USD, this also means the USD/CHF is picking up the tickets for the jet south.

It's like cheating, this chart is so obvious.

 

[4xpipcounter]

Re: Nifty

SJD, I was reminded of this post when someone was asking me about the weather for Monday, which is Labor Day. We always have a huge picnic every Labor Day (1st Monday in September) and Memorial Day (Last Monday in May). Someone asked me about the weather for Labor Day.
First, I might have mentioned that I could do the grunt work and prove the weeklies only work based on the calendar week, as well as the monthlies. The weather does not matter. Yesterday was the coolest day on record, so I drew my week starting on Monday. This would make Friday peaking. That being the case, we will have our last day of the year in the 90's F on Friday, then the temp will go south via jet and keep going. I love cooler weather, so I have a lot to look forward to after Friday.

Paul, this brings about a theoretical question for you. BTW, the previous Q&A was great.

Some markets are more continuous than others. I think you yourself have mentioned about forex markets being open almost all the time. Is the definition of monthly / weekly purely arbitrary? If we wanted to, and if we had great software to churn out these numbers in no time, would we not be able to always have a look ahead of next 4 weeks? Will those forecasts be as good as the forecasts generated at the month end? Since many traders use this arbitrary definition, and since many contracts roll over at specified time of the month, I would expect there to be a difference because everyone is using the same frame of reference. Using a different frame of reference, say from 15th of a month to next 15th might not work out equally well. What are your thoughts on this?

 

[4xpipcounter]

Nifty monthlies--0911

Nifty NSE 5897 5495 5254 4783 4554 -4127

 

[4xpipcounter]

Eur/jpy

I mentioned in my Weekly forecast that ideal containment would be the WS1 at 110.66. If not then the WS2 at 110.20 would be waiting. There is some tough R it will have to contend with, which is why 110.66 would have been ideal. The peak, to this point, is 111.96, so the upside requirements have not been fulfilled. It is still favorable to see this air head north.

 

[4xpipcounter]

Eur/usd

As per my Weekly Forecast, this pair had the perfect bounce off the WR1. The pair smoked my WS1 at 1.4400, which left me wondering if I figured it right. I did, but after the tight week last week for the pair, it was due to break out. For now there appears to be room for another leg south, and next week's S&R's will give a further view of the exact depths.
For now I would expect a correction to take place. Initial R will be the 4-hour tenken at 1.4340, and the kijun appears to be containment at 1.4386.