Some of my forecasts
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Re: Here comes JahDave
Paul,
I am truly humbled that you would give me all of these props. I don't think I deserve them, because you are the best analyst and trader that I know. I will try to live up to the hype that you brought, but I may fall short.............Anyway,,,,,,,,I will try my best.........
Thanks Brother Paul,
JahDave
P.S. I do believe that we are all brothers and sisters on this planet......
Paul,
I am truly humbled that you would give me all of these props. I don't think I deserve them, because you are the best analyst and trader that I know. I will try to live up to the hype that you brought, but I may fall short.............Anyway,,,,,,,,I will try my best.........
Thanks Brother Paul,
JahDave
P.S. I do believe that we are all brothers and sisters on this planet......
Re: Here comes JahDave
WOOH Sir I will be looking forward to Elliot wave if it can be used as a confluence with ichimoku ! can it be used sir? because in some of your charts like eur/usd I see the arrow line you have drawn are completely in confluence with the E- wave Right sir? If that is right I would be jumping in that threads with 100's of question on a daily basis! haha
WOOH Sir I will be looking forward to Elliot wave if it can be used as a confluence with ichimoku ! can it be used sir? because in some of your charts like eur/usd I see the arrow line you have drawn are completely in confluence with the E- wave Right sir? If that is right I would be jumping in that threads with 100's of question on a daily basis! haha
Re: Eur/usd
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We talked a little about the nature of this correction. I mentioned how it is going to be complex in nature. Wednesday'[s price action makes it evident why it is complex.
A basic rule of a TL break and the subsequent correction is for the correction to take more of a direct route back to the TL, bounce off the TL, then begin its journey back in the trend.
Here we see the effort put forth, and then it retreats before it completes. At this point, I drew the sharp lime lines so they will stand out for the presentation. As long as that dip holds up, then we have an effective 1-2-3 formation: 1. The dip; 2. The peak made after the dip; 3. Wherever the recent dip will be made as long as it does not go lower than 1.
The arrow is drawn up to show where price action is headed. We would have a cluster event to show where price action is headed. We have the 4-hour kijun, the point of the TL break, and the equidistant from the recent dip to the recent peak, to the projection.
The alternative is that the dip gets taken out, and we head much lower. If that happens, then next week we have a very strong move north. Either way it goes, it produces many wonderful pips for the trader.
Also, do not forget we are headed to 1.3422, eventually, to correct that TL break.
Here's the preferred scenario, then I'll give the alternate:
As you can see, we corrected back to the daily TL, and now we should head north. The minimum destination up north is 1.3951. After that is hit then that correction will be fulfilled, and then we head to the TL break correction below at 1.3422. After that, we head back north for a stronger move.
The alternate:
The current TL gets broken, because it says, I had it with that trend", and it would definitely be a very short uptrend. Afterward we just head straight to 1.3422. Afterward, we had back to still correct the move up top at 1.3951, and then we head for an even stronger move south.
Regardless how it unfolds, the area price action is currently at is key.
Hi Mr paul looks like I missed a lot of chit chat discussions yesterday, mr paul how come 1.3422 is on the radar? with the the break of the daily trend line currently I am expecting a correction back to 1.3954 which will complete the correction of the daily trend line break then we are headed south but whats with the 1.3422 area?
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We talked a little about the nature of this correction. I mentioned how it is going to be complex in nature. Wednesday'[s price action makes it evident why it is complex.
A basic rule of a TL break and the subsequent correction is for the correction to take more of a direct route back to the TL, bounce off the TL, then begin its journey back in the trend.
Here we see the effort put forth, and then it retreats before it completes. At this point, I drew the sharp lime lines so they will stand out for the presentation. As long as that dip holds up, then we have an effective 1-2-3 formation: 1. The dip; 2. The peak made after the dip; 3. Wherever the recent dip will be made as long as it does not go lower than 1.
The arrow is drawn up to show where price action is headed. We would have a cluster event to show where price action is headed. We have the 4-hour kijun, the point of the TL break, and the equidistant from the recent dip to the recent peak, to the projection.
The alternative is that the dip gets taken out, and we head much lower. If that happens, then next week we have a very strong move north. Either way it goes, it produces many wonderful pips for the trader.
Also, do not forget we are headed to 1.3422, eventually, to correct that TL break.
Here's the preferred scenario, then I'll give the alternate:
As you can see, we corrected back to the daily TL, and now we should head north. The minimum destination up north is 1.3951. After that is hit then that correction will be fulfilled, and then we head to the TL break correction below at 1.3422. After that, we head back north for a stronger move.
The alternate:
The current TL gets broken, because it says, I had it with that trend", and it would definitely be a very short uptrend. Afterward we just head straight to 1.3422. Afterward, we had back to still correct the move up top at 1.3951, and then we head for an even stronger move south.
Regardless how it unfolds, the area price action is currently at is key.
Re: Aud/chf
Hi, Saif probably wait for the C back to it hedging is a good idea let Mr paul have his comment
Thank you sir for your reply but today it has broken the trend line and settled below it waiting for a correction back to it and I will make it a short entry but incase if it goes against me to the top of the cloud getting back on the trend line I would hedge it now that an idea 
PPP
PPP
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