Some of my forecasts

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Now that the journey is complete, we can start looking for signs of reversal. According to my Weekly Forecast, this was about as far as his pair was suppose to go.
There is still some possibility of a further drop to circa 1.2325

(Saif, I'm not putting you off, but I still did not make it to breakfast. I had a little personal problem that needed taken care of. I was also thinking anout closing this position, so it also needed addressing.)



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I mentioned in my Weekly Forecast this pair was going to face strong support at the MS2 / WS1 area at 1.2357, 1.2354, respectively. As you can tell by the chart we have dipped at 1.2360. The question now is, "Is this is it, and we now go higher, or because neither was hit we still continue lower?"
Well, it was not hit, and the move north does not look convincing. We should see another drop south before we reverse.
It would pay to keep the stops close if you are shorting in this area. We are getting close to The Reversal.
 
Re: Ichi KISS

There is one thing I hold with great disdain and that people using worn out cliches. I totally dislike them, and I have absolutely no use for them. Usually the one throwing around the cliche has no ---- continued
SIR first I must say that you are a professional blogger lol . sir secondly I found out about this concept a long time ago watching some ichimoku videos on youtube I can even post the link of the video here but I do not intend to make this wonderful thread turning into a garbage lol And I even know the guy who came up with this lol :p Sir the concept was like if the daily is bullish we look for long positions on the h1 and vice versa go long when the candles breaks above the kinjun and exit it when it breaks below the kinjun and vice versa for the short position but when I tested this method it used to actually work but only in trending environment about 20% of the time and the rest of the time the price would reverse and break back into the kinjun as determined per exit and I would be in negative pips becausewaiting for it to break the kinjun again is a seriously insanity sir . but sir I personally use the Chikou Span to determine long and short position as it is a 26 period behind indicator to determine if the price is bullish or bearish from the 26 period behind indicator I look for it to be clear the cloud the kumo shadows and to be above the cloud for long and below the cloud for short and place a trade on crossover or breakout in a confluence with the higher time frame! but also sir I find that if the price action breaks the kinjun sen on higher time frame it indicates the start of a trend
 
Re: Ichi KISS

We could have a lot of fun if you could entice that guy to give me a little visit. I guarantee you if he does visit, the conversation won't be long between him and I.

It is easy to make things sound plausible when you mix in a little truth. I've been doing nothing but daytrading these past 3 weeks. I've been using the 4-hour and daily charts as confirmation, then using the hourly to perfect my entries. Without thinking, when I gave the update on the EUR/AUD, I posted the live chart with my trade on it. As you can see by the candle I entered at, there was no pullback. That is not done by throwing out half the indicator in the name of trying to keep things simple. Try enter that trade just using the kijun and kumo. BTW, I closed that trade right at that support. I wonder where that guy would have closed the trade.

It is evident that you and I who this guy is. In giving the above example, it was not meant for me to stand on a podium and toot my horn. It is meant to show the difference in sound trading and someone who just wants to sell e-books and online seminars.

I didn't go anywhere for breakfast. It is right here in front of me. Its been a busy morning. Oil is around the corner (Don't slip!!!!!!!).


SIR first I must say that you are a professional blogger lol . sir secondly I found out about this concept a long time ago watching some ichimoku videos on youtube I can even post the link of the video here but I do not intend to make this wonderful thread turning into a garbage lol And I even know the guy who came up with this lol :p Sir the concept was like if the daily is bullish we look for long positions on the h1 and vice versa go long when the candles breaks above the kinjun and exit it when it breaks below the kinjun and vice versa for the short position but when I tested this method it used to actually work but only in trending environment about 20% of the time and the rest of the time the price would reverse and break back into the kinjun as determined per exit and I would be in negative pips becausewaiting for it to break the kinjun again is a seriously insanity sir . but sir I personally use the Chikou Span to determine long and short position as it is a 26 period behind indicator to determine if the price is bullish or bearish from the 26 period behind indicator I look for it to be clear the cloud the kumo shadows and to be above the cloud for long and below the cloud for short and place a trade on crossover or breakout in a confluence with the higher time frame! but also sir I find that if the price action breaks the kinjun sen on higher time frame it indicates the start of a trend
 

LivetoTrade

Well-Known Member
Fiber 1 and 4 hour charts, the Kijun is coming down sharply.

Do we expect a TK cross this soon?
 
Now that the journey is complete, we can start looking for signs of reversal. According to my Weekly Forecast, this was about as far as his pair was suppose to go.
There is still some possibility of a further drop to circa 1.2325

(Saif, I'm not putting you off, but I still did not make it to breakfast. I had a little personal problem that needed taken care of. I was also thinking anout closing this position, so it also needed addressing.)



upload images
Sir 1.2325 is hit :) I was just looking at the history eur/aud charts and I would say that this pair has been so much pretty and wonderfull. I have never seen this kind of trending and beautiful chart based on ichimoku. now I wish I would have started 2 year ago I could have made a fortune until now alone on this one :p
 
LTT, how did you do it? You picked my brain. I was getting ready to post this chart with a combined analysis of the pair and to show an element of the ichimoku properties.

A strong recovery could be around the corner for this pair, even though it nailed the upper containment level, as per the Weekly Forecast, almost perfectly. We should see a drop to the WS1 at 1.2631. That could come fully equipped with bells and whistles. My stop will be much closer when we get there.

I also wanted to show how to use the aspects of the ichimoku to use your stops and to trail the trade. It was a clear look at the 4-hour and the daily that showed this pair is still on a southerly binge.
It was important to be aware of the time of day in entering a trade when trading forex. It was at the beginning of the Tokyo session. That tells me very little contrarian movement would be seen.
Once in the trade, I'm now using the hourly kijun, counting 3 candles back to trail the stop. In another 1 1/2 hours the market will slow down again. There will not be much volume which is the octane that moves the markets, so I will then use the 15-min kijun counting 3 candles back to trail the stop. As you can see, if the worse case scenario prevails, it is still going to be a winning trade.
These are additional aspects of the ichimoku I am pointing out without having them as actual insertions in the series.


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Fiber 1 and 4 hour charts, the Kijun is coming down sharply.

Do we expect a TK cross this soon?
 
Saif, I did end up closing my trade at that point. Conjecture told me it could be dropping to the point it is at now. The move north is around the corner.

A fortune is always to be had in trading, whether it was 2 years ago or looking forward.
I hope you have found a way to improve your money management skills. If you have, then I think you are going to do very well. If you have not, then that is the definite part of your trading that needs work on.
Wow! It sure seems a long time ago when you opened your own thread. Now we're friends camping out all over the world of Traderji.

Sir 1.2325 is hit :) I was just looking at the history eur/aud charts and I would say that this pair has been so much pretty and wonderfull. I have never seen this kind of trending and beautiful chart based on ichimoku. now I wish I would have started 2 year ago I could have made a fortune until now alone on this one :p
 

LivetoTrade

Well-Known Member
The USD strength has not affected the NZD and AUD much, they dont want to tumble like Cable or Fiber :)
 
Saif, I did end up closing my trade at that point. Conjecture told me it could be dropping to the point it is at now. The move north is around the corner.

A fortune is always to be had in trading, whether it was 2 years ago or looking forward.
I hope you have found a way to improve your money management skills. If you have, then I think you are going to do very well. If you have not, then that is the definite part of your trading that needs work on.
Wow! It sure seems a long time ago when you opened your own thread. Now we're friends camping out all over the world of Traderji.
Sir thank you !! lol My thread You know I get embarassed when I look at it the first post was as it was like " "i have funded 500$ to my account, now my goal is to convert this 500$ into 15,000$ in max 16 months . can anyone guide me on how much to make per day and with low risk!?"" at that time I was using bollinger bands only ! Now I feel so stupid I am just trying to create a maximum distance from it and hoping it gets lost somewhere in traderji and no one would post in it and bring it on the front view LOL !but I am still trying to get a hold of my money management and lots. basically its 2000 points for index (that would double my account) I am just have problems finding a good stop loss point for day trading and swing positions in certain cases these spikes hit the stop loss before going all my way ! btw I have lured the guy (kiss ) here !
 
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