Some of my forecasts

Status
Not open for further replies.
Even a "falling knife" has a context to it. Any strong move has sprung from a strong confluential area, like the recent move on the EUR/USD. It was stopped in its tracks by the upper TL. Once it is broken, then the move will pick up steam again, then we'll get a correction, and then another move north.
This is why I m an advocate of stationary S&R's. After all, if the previous parts of the methodology already suggest a strong break north, and then a strong pullback, then would it not be beneficial to know where the pullback is going to be, then take advantage of the next strong move? My WR1 is 1.4011, so it suggest to me the initial break of the TL might be contained. That will be my TP. After the move south from the proximity of 1.4011, then I'll look for a consolidated move north, and then it should be read for The Move--that is south.

BTW, I know the term "chasing the trade" is like a cliche, but it is so true. The markets do have their predictable ebb and flows, and so it is up to use as traders to discern that, then join in the fun. This is why this "predictable ebb and flow seems to indicate that 1.4011 is next on the radar.
The upper trendline has contained the move as off now.
Do u watch the movement of the pairs continously or once in a while. Wat do u suggest from your experience

Regards
Raj
 
I really cannot say which direction at this point of time because it is in broad range. Direction keep changing every now n then.
Favorable is north because of the daily.. Actually I am in a confusion :lol: :p

Regards
raj
favourable is not north because of the "daily" the price has lost its direction here so it went sideways! In the daily the price is well stick below the cloud and above the tenken ,MAC-D is still in the favour that the pair is going to enter the cloud sideways Most likely it is going to enter the cloud sideways 1.0380 is a strong R which is most likely to bring correction!
 
Last edited:
favourable is not north because of the "daily" the price has lost its direction here so it went sideways! In the daily the price is well stick below the cloud and above the tenken ,MAC-D is still in the favour that the pair is going to enter the cloud sideways Most likely it is going to enter the cloud sideways 1.0380 is a strong R which is most likely to bring correction! MAC-D is still in the favour of the sideways movement
Yep u r right.. Price lost its direction and I have lost mind. LOL
Entering cloud sideways thought have never stuck my mind.. I am expecting the same for 4H too 1.018 which is acting as strong support. What do you say

Regards
Raj
 
Yep u r right.. Price lost its direction and I have lost mind. LOL
Entering cloud sideways thought have never stuck my mind.. I am expecting the same for 4H too 1.018 which is acting as strong support. What do you say

Regards
Raj
These are the moments when we should not say anything -lol
I have posted a chart above of h4 with the v trend line! until and unless it breaks it I have my mouth shut! daily is just 1.3070 is what I am looking at!
 
I do not sit and watch the charts waiting and watching for the perfect point for it to hit, so I can enter a trade. No way! That might get me up tight and effect the mental part of trading.
Let's say it is the TL break or bounce I am trading:
Bounce: I wait for it to hit the TL, then wait for the next candle, and enter.
Break: This is even easier. Wait for the strong break of the TL, then wait for the correction back to the TL, then find a place to enter between the break and the actual TL.
Fresh cloud. That pair might be on my watchlist. If an S or R is forming a confluence and the stochastics OB/OS condition is agreeing, then I'll set an entry order. If I'm at the computer, and I see it was a fresh hit of the cloud and other conditions match up, I don't think about. Just enter!

Many times the most time I spend in front of the computer looking for a trade is in toggling between the pairs as I have my watchlist handy.

If a pair takes too much effort to enter, then I move on.

The most effort I put into my work is the Weekly Forecast. OTT, I have some set rules for entries and exits, and I follow them, like a robot.


The upper trendline has contained the move as off now.
Do u watch the movement of the pairs continously or once in a while. Wat do u suggest from your experience.

Regards
Raj
 
There is actually a very good point made here. Trends are such that once they get beyond the obstacles, namely the S or R's, they tend to just take off in one direction. Such as was the case for the EUR/USD from Oct 4--14. Once a trend has gotten to a particular point, it tends to get tired, then travels east.
For the EUR/USD, it is clear by the daily what is going on. This "trend" is really a correction of the DOWN. It is getting close to the bottom of the cloud, and it knows its goose is close to cooked.
The pair had additional contentions on the weekly while running into the tenken.
With regard to price action, w are waiting for this consolidation to end, then the strong breakaway.



I really cannot say which direction at this point of time because it is in broad range. Direction keep changing every now n then.
Favorable is north because of the daily.. Actually I am in a confusion :lol: :p

Regards
raj
 
I do not sit and watch the charts waiting and watching for the perfect point for it to hit, so I can enter a trade. No way! That might get me up tight and effect the mental part of trading.
Let's say it is the TL break or bounce I am trading:
Bounce: I wait for it to hit the TL, then wait for the next candle, and enter.
Break: This is even easier. Wait for the strong break of the TL, then wait for the correction back to the TL, then find a place to enter between the break and the actual TL.
Fresh cloud. That pair might be on my watchlist. If an S or R is forming a confluence and the stochastics OB/OS condition is agreeing, then I'll set an entry order. If I'm at the computer, and I see it was a fresh hit of the cloud and other conditions match up, I don't think about. Just enter!

Many times the most time I spend in front of the computer looking for a trade is in toggling between the pairs as I have my watchlist handy.

If a pair takes too much effort to enter, then I move on.

The most effort I put into my work is the Weekly Forecast. OTT, I have some set rules for entries and exits, and I follow them, like a robot.
Recent days, I end up watching the screen more than I should. I will take down your points very carefully and re-adjust it.

I am sorry that I have a repetitive question for you. What percentage of total margin would u use for trading. I want to adopt some sound rules in Money Management.

Regards
Raj
 
Price is currently weighing heavy on the UP TL again. Right now, it appears it could fall through. Until it does, I'm holding to what I said in my Weekly Forecast.


I really cannot say which direction at this point of time because it is in broad range. Direction keep changing every now n then.
Favorable is north because of the daily.. Actually I am in a confusion :lol: :p

Regards
raj
 
Status
Not open for further replies.
Thread starter Similar threads Forum Replies Date
J Introductions 2
U Forex 2

Similar threads