Some of my forecasts

Price action has been performing as expected. It's doubtful to even get 100 pips today. Up to this point, the MS1 at 1.2761 has contained, but we should see the DS1 at 1.2740 hit, and then the WS3 at 1.2724.

Ichimoku XVI--kumo

I've been talking a lot about the lack of movement in the USD/JPY and how it is lacked any weekly range. The monthly chart explains, in part, what that is so. I've talked many times how the pair is headed to the low 70.00's. Also, the last time the kijun was so much as touched was in Aug. '08, and that was the only time since the candles fell out of the bottom of the cloud. That does not figure to change soon. So, what is the problem?
We still have a strong proclivity for the bears to have their way, but look where price action is relative to the current cloud bottom. Move up to the future and notice the candle is camped under the cloud, even with its future perspective.
This is why I talk about many times how a market needs to move further against the overall trend, then it has the horsepower that is needed and the predictability for a strong move
This also has something to do with my views on Nifty at Nifty50 Trends.
In other words, we don't just use the current plight of the cloud to determine price action, but we use all its properties. This is what makes it so unique. It has future characteristics to it no other indicator has.
Wait until we get to the chinkou. We will have the present plotted in the past with the ability to tell the future.

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The WS3 just got hit. That was my bottom end containment for the day. Now I'll find out.

Nifty weeklies--010812

Nifty 5016.39 4908.72 4843.86 4714.14 4649.28 4541.61

Re: Nifty weeklies--010812

Paul Sir.... the week is still to end.... we also have a special 1.5 hr session tomorrow....

Fiber just made a low of 1.2696 :-O

Re: Nifty weeklies--010812

Adit, thanks! I forgot about that. I guess I'll have to scratch these and refigure tomorrow.

Actually, I was seeing if anyone was paying attention. It was getting lonely in this thread today--lol.

Re: Nifty weeklies--010812

:rofl: :clapping:

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LTT, I noticed. It looks like I left some pips on the table, but that's life. I only have one trade for the week left, which is the EUR/AUD, and my stop is already set to guarantee a gain on it, so I've been having some fun experimenting with the pitchfork, as per Kavima's thread. This is the 5 min, and I added my 4-hour S&R's to it just to be able to track the action better.

I'm beginning to really enjoy this pitchfork. I've got 1.2450 as possible MT containment, and I noticed on the weekly the PF is showing 1.2443. If I'm right in thinking the PF has the same properties as the TL, then the initial hit will hold, as it will be the 1st hit at the bottom.

Hello sir how are you? this week was to much of a sideways market for indexes ! Sir I Kindly request you an update on CAC 40 I have a swing short position targetting the daily kinjun! thank you sir