Re: Ichimoku V--tenken and kijun
First, we have to take in in context with my label, "Ichimoku V--tenken and kijun". As part of the ichimoku cloud series, I only used the ichimoku cloud to show the reversal.
In taking my position, there was a little more I took into consideration. Unfortunately, I viewed the chart a little late, but my WR3 is .9525, the MR1 is .9527, and the peak was .9527. I did manage to get in at .9514. You can tell by the large southward candle that the reversal has already begun. All the factors we have discussed was the criteria used for my entry.
I don't know anything about R at .9510, just .9525 and .9527.
Yes, as strongly divergent as the kijun is from the tenken, and with the candle in ear popping territory, those are all ichimoku indications for an entry short.
I have talked a lot about what is going to be a huge EUR/AUD reversal. The thing to consider with the 4-hour on the EUR/AUD is the cloud into the future is just about even. OTOH, the cloud still looks kind of flat on the AUD/CHF. The TK divergency is not nearly what it is on the EUR/AUD as it is on the AUD/CHF. Also, the kijun is inside the cloud on the AUD/CHF.
Later, I will talk more of the characteristics of the cloud. You do have the right idea.
Another thing about the kijun on the EUR/AUD is that right now it is at 1.2992. By the beginning of the trading day on Tuesday, it will have dropped all the way to 1.2922. If we get a strong move north on Monday, then the candle will already be above both the tenken and kijun.
BTW, being wrong or right is never an issue. Leaning is all that we want. I'm learning, you're learning, we're learning. You'll be surprised how much it helps me in my trading just in talking about these things. The strange thing is my wife is my best friend and Tucker is one of my best friends, but I can't talk to them about these things. They have no idea what I'm talking about. Well, Tucker thinks he's the boss. I got a funny story I'll tell you later.
Aman, the very best and merriest of Christmas to you. I'm glad you joined the TJ / "Some of my forecasts" family.
sir,
u r telling that we shd be expecting a fall here coz candle has wondered too far away from cloud and tenken is diverged in a big way from kijun, are these the factors to be considered for a reversal or there are some other factors also which u have considered while making these decision???
coz if i m getting it right,this pair seems to hit some resistance at .95105, have u taken dat in to consideration as well???
and ya if criteria for reversal is candle getting away cloud from and divergence of kijun and tenken, then dont u feel euraud h4 is also getting in to same shape, candle has come too far from cloud, and kijun and tenken are getting far away, and kijun settling down as well.
i m just observing the things and asking the questions from you,most probably i will be wrong but i want to clear it out.
anyway wishing u and ur family marry christmas, have a lot of fun and enjoy