Some of my forecasts

[4xpipcounter]

Weekly, Paul. Judge for yourself.

Get ready for this market, what ever it is. It is ready to head due north. It has the same qualities and indications the CHF/JPY had before it headed south. I was talking about what was going to be a very strong reversal for that market and it is still in progress. This market will do the same exact thing, only heading north. The only thing we need to do is ascertain where the journey will begin. The hourly is suggesting is will happen starting at the opening bell, provided this is an Indian market.
There are two things that create doubt of this immanency. The momentum on the daily does not look strong enough. The other thing is the weekly, because it would be hard to imagine a reversal in the middle of nowhere, and that is the look on the weekly.

The monthly is the hugest indication. It dropped along way to hit the cloud, and the plotted stochs is way OS, but the only problem is it looks like it wants to go deeper yet. The monthly has to get it done this month, or next month is could fall in the crevice. Notice how there is much room ofr an additional drop if it does not get done this month.

Let's say it is not ready right this moment. This is why I posted the weekly. If current level does not contain, then look to that level on the cloud that appears to be a straight line over August 2010. That will be containment.

Upside potential is huge. The tenken and kijun are going to provide strong R. Once there is a monthly close above the kijun, then this market could be putting on a strong challenge for that peak.

 

[4xpipcounter]

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Hi FTI! Thanks for coming by. I do my Weekly Forecast at the beginning of each week, and this is what I posted concerning the EUR/USD:
"EUR/USD: The WR2 at 1.4410 needs to hold, or we are back in the uptrend towards 1.4500 and possibly beyond. For the time being, I am still holding to my MT view of cluster S being hit at 1.3906, and maybe cluster S at 1.3833. As long as the WR2 holds, then we should be headed to the WS1 at 1.4163. Depended on the nature of the move we could be headed to the WS2 at 1.4081."

My WR2 at 1.4410 did not hold, and it broke free for the move to the peak, at least to this point, at 1.4475.

The peak at 1.4475 is not close enough to 1.4500, as even a move beyond could be expected. The picture shows a market that is undecided right now. The oval shows the strong break through my WR2, and then afterward, I put subsequent price action in the rectangle to show it has been sideways ever since. We did have a bounce off the daily cloud, and the last 4 months have yielded the same. With this week's WR2 being broken it all adds up to a prospective move further north.

We could get up into the mid 1.45's, and then see another corrective move after that. Regardless of the nature from here on out, it all adds up for a further MT advancement.

sir, what is your reading for eurusd this week, what do you feel we should look forward to

 

[tradetogain]

hi paul,
can i have your opinion on tatasteel.
it has gone way too down the clouds on 4 hour.is this time for a reversal
thank you.

 

[IrfanBasheer]

Re: Reliant

You're being generous, Paul. I don't give even 1/10th of a hoot about it!
Let me paraphrase a sage advice by Jake Bernstein: "Traders, particularly daytraders, must preclude Fundamental Analysis in order to succeed".



Just ruined? Annihilation!!! Total annihilation, I am looking forward to!
(Just joking. My post that you quoted was also in that mood, Irfan bro.

Alright, Paul. Calling early night. Good night all!

Eagle Bro,

There is still some time for total Annihilation.(few years ?? )

all the Bears are scared to short now. When all the Big Bears including me and you will go long fearing to miss the train, that time market will surprise us and get ready for total annihilation.

Sorry to quote a cliche but i feel its true.

 

[4xpipcounter]

Re: Reliant

IB, I've been saying the correction will go to 5240, max. The bears, in the end, still have a long trip.

Eagle Bro,

There is still some time for total Annihilation.(few years ?? )

all the Bears are scared to short now. When all the Big Bears including me and you will go long fearing to miss the train, that time market will surprise us and get ready for total annihilation.

Sorry to quote a cliche but i feel its true.

 

[4xpipcounter]

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Hi TTG! The cloud as extended into the future is still following hot on price action, and there is still a lot of weight on it pressing it lower. I would look for 757 and even 722 to contain before any kind of a correction will ensue.

hi paul,
can i have your opinion on tatasteel.
it has gone way too down the clouds on 4 hour.is this time for a reversal
thank you.

 

[khater500]

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Hi FTI! Thanks for coming by. I do my Weekly Forecast at the beginning of each week, and this is what I posted concerning the EUR/USD:
"EUR/USD: The WR2 at 1.4410 needs to hold, or we are back in the uptrend towards 1.4500 and possibly beyond. For the time being, I am still holding to my MT view of cluster S being hit at 1.3906, and maybe cluster S at 1.3833. As long as the WR2 holds, then we should be headed to the WS1 at 1.4163. Depended on the nature of the move we could be headed to the WS2 at 1.4081."

My WR2 at 1.4410 did not hold, and it broke free for the move to the peak, at least to this point, at 1.4475.

The peak at 1.4475 is not close enough to 1.4500, as even a move beyond could be expected. The picture shows a market that is undecided right now. The oval shows the strong break through my WR2, and then afterward, I put subsequent price action in the rectangle to show it has been sideways ever since. We did have a bounce off the daily cloud, and the last 4 months have yielded the same. With this week's WR2 being broken it all adds up to a prospective move further north.

We could get up into the mid 1.45's, and then see another corrective move after that. Regardless of the nature from here on out, it all adds up for a further MT advancement.

Thank you dear
khater​

 

[khater500]

what you think about eur\nzd

thank you

 

[4xpipcounter]

I've been getting requests for this pair on my blog. It leaves me thinking, "Am I missing something?"

I'm not sure if it was here or there that I mentioned last Tuesday this pair hit the top of the daily cloud and the weekly cloud at the same time. That is enough to reject the current uptrend. That being the case, and a look at the 4-hour chart shows this market has gone sideways, rather than any conventional correction process south. Unless there is a drastic change of plans somewhere, I would look for the daily kijun at 1.6980 to contain the correction, before price action makes a break into both the daily and weekly clouds.

Feel free to get back to me on this pair. Things are starting to look really interesting for it.

what you think about eur\nzd

thank you

 

[msiddique]

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Hi TTG! The cloud as extended into the future is still following hot on price action, and there is still a lot of weight on it pressing it lower. I would look for 757 and even 722 to contain before any kind of a correction will ensue.

Hi Paul,

@tradetogain requested your views on 'TataSteel' but inadvertantly you provided your analysis on 'TataMotors' (thanks for it though).

Regards