My oustanding trades and forecasts

I have definitely taken the scenic route on the GBP/AUD trade/s. I doubled up at 1.6264. The DS1 at 1.6144 will be support, and then it should hit the top of the 4-hour cloud at 1.6097. I'm planning on taking profits at that point.

I took both of my positions out at 1.6177 for a composite -17 pips. There will probably be a further fall, but I'm just playing safe knowing the day has ended, and I will be away from the computer, needless to say.

4xpipcounter wrote:I have definitely taken the scenic route on the GBP/AUD trade/s. I doubled up at 1.6264. The DS1 at 1.6144 will be support, and then it should hit the top of the 4-hour cloud at 1.6097. I'm planning on taking profits at that point.

This pair is preparing for a reversal. The WS1 is 81.09, and the DS3 is 81.04. Those should be viable intraday turning points. There will be lots of R when the trip north begins.

The pair has run into massive R between current level ant 1.3928. I would expect the WP to contain the move at 1.3951, as the pair should be pretty much beat up once it gets done finding its way through the current cluster area.

One thing that stands out about the pair is the current area could be containment for a long time. I noticed on the weekly chart it is very OB, and that the tenken at 1.3392 and the kijun at 1.3392 are both on the radar.

I was wrong on the reversal for this pair. WS2 is 80.79. The MS3 is 80.41. I would look for the latter for an entry on the long. This will also give some space to build up some steam to getb through the R area I was talking about.

4xpipcounter wrote:This pair is preparing for a reversal. The WS1 is 81.09, and the DS3 is 81.04. Those should be viable intraday turning points. There will be lots of R when the trip north begins.

This pair is getting stretched again, but not OB as far as the 4-hour chart is concerned, so it is yielding mixed signals. I'm now looking for a reversal point to be 1.5975, if not the WR3 at 1.6018.

Your comments and questions are welcomed. With one post, you will be alerted via e-mail everytime a post is made. This way you will never miss a forecast or one of my trades.
This, of course, will also apply in any of the other threads created in the future.

4xpipcounter wrote:I was wrong on the reversal for this pair. WS2 is 80.79. The MS3 is 80.41. I would look for the latter for an entry on the long. This will also give some space to build up some steam to getb through the R area I was talking about.

4xpipcounter wrote:This pair is preparing for a reversal. The WS1 is 81.09, and the DS3 is 81.04. Those should be viable intraday turning points. There will be lots of R when the trip north begins.

im probably in a bit early 4x, long at 80.87, should get a little intraday bounce before lower. we wil see.

also looking for a short on NZD above 75.50

.9791 should be the level for the next reversal for this pair.

The weekly chart is showing lots of room for a strong move north. 1.0597 is on the [b]radar.

Hi Sigma! Like that name for the obvious reason!
You're in a little early on the USD/JPY, but you'll be okay.
I agree with you 100% on your outlook on kiwi. Sigma +3 is that circa area. DR# is .7560. If anything, the cluster event at .7575 would be containment.
BTW, the weekly chart is showing .7294 is on the radar.

Sigma trader wrote:

4xpipcounter wrote:I was wrong on the reversal for this pair. WS2 is 80.79. The MS3 is 80.41. I would look for the latter for an entry on the long. This will also give some space to build up some steam to get through the R area I was talking about.

4xpipcounter wrote:This pair is preparing for a reversal. The WS1 is 81.09, and the DS3 is 81.04. Those should be viable intraday turning points. There will be lots of R when the trip north begins.

im probably in a bit early 4x, long at 80.87, should get a little intraday bounce before lower. we wil see.

also looking for a short on NZD above 75.50

I can tell you beyond any shadow of a doubt the USD majors all have strong reversal implications that favor the USD before this week is out. From a personal standpoint, I am down by <> 1% for the week, and that will be taken care of before this week is out.

A major cluster event awaits the pair at circa 1.0179. It's ready to head north from there.

Of all the USD pairs, this pair seems to be the most risky on the reversal. I would not settle on anything less than .9840 to go short. What's better is the cluster event at .9881.

I went long on the loonie at 1.0201, and short on cable at 1.5938.I might get a pullback on both, but it should be slight.
I'll probably post TP's later once I get a handle on the reversal movement on both.

4xpipcounter wrote:Hi Sigma! Like that name for the obvious reason!
You're in a little early on the USD/JPY, but you'll be okay.
I agree with you 100% on your outlook on kiwi. Sigma +3 is that circa area. DR# is .7560. If anything, the cluster event at .7575 would be containment.
BTW, the weekly chart is showing .7294 is on the radar.

Sigma trader wrote:

4xpipcounter wrote:I was wrong on the reversal for this pair. WS2 is 80.79. The MS3 is 80.41. I would look for the latter for an entry on the long. This will also give some space to build up some steam to get through the R area I was talking about.

4xpipcounter wrote:This pair is preparing for a reversal. The WS1 is 81.09, and the DS3 is 81.04. Those should be viable intraday turning points. There will be lots of R when the trip north begins.

im probably in a bit early 4x, long at 80.87, should get a little intraday bounce before lower. we wil see.

also looking for a short on NZD above 75.50

i took the kiwi out at 10, for a modest +40, some data coming out in 5. best to be cautious. i took the yen out for +15 as little upside movement as yet

4xpipcounter wrote:I went long on the loonie at 1.0201, and short on cable at 1.5938.I might get a pullback on both, but it should be slight.
I'll probably post TP's later once I get a handle on the reversal movement on both.

AUDNZD starting to look a bit stretched here. long some at 2856

Sigma, the pair bounced perfectly off my MS2 at 1.2943, adn the top of the weekly cloud is 1.2855.
This is just my opinion, and I know you are an excellent trader, but I don't like the momentum on the sigma bands against the trade, and I do have 1.2579 on my MT radar.

AUDNZD starting to look a bit stretched here. long some at 2856[/quote]

I closed GBP/USD at 1.5826, and USD/CAD at 1.0220 for a total of +31 between the 2 trades.
I'm getting mixed signals from the different TF's. Both have been moving slowly because of the A hidden motive behind the closing of this forced me to be a little extra cautious. The closing of the trades put me at exactly +1% for the week. After a not-so-hot week, I feel pretty good, even at 1%. I am 148% for the month.
It doesn't mean I won't make another entry if the opportunity presents itself.

4xpipcounter wrote:I went long on the loonie at 1.0201, and short on cable at 1.5938.I might get a pullback on both, but it should be slight.
I'll probably post TP's later once I get a handle on the reversal movement on both.

The next point to short this pair would be the DR1 at 1.5999, or the WR3 at 1.6019.
Looking at what happened to cable and the loonie today, I'm glad I did not oversleep.

BTW, there are still some technical issues we need to resolve with the forum. I am not even close to being a computer guru. That is something that is left to Dan. Any rate, we will be to the point that everyone can start new threads, along with a few other goodies. I ask everyone to be patient.

In the meantime, we do have a private chat on this forum. Click on home. Go to the first window down where it says "login" in the upper right corner. That will get you in. Dan was also saying he will be able to post on the calendar of events to announce any important events.

The next shorting opportunity for this pair should present itself at 1.3976. This next move DOWN should be something a little more formidable.
What we have actually been witnessing is that many of the USD pairs, of late, have been largely consolidative without any real directional bias. This is because of the mixed signals on the different TF's. Many have asked me what TF do I prefer to trade off of. It pays to know what is going on with all of them. The 8-hour was showing definite signs of a strong move south for cable. That will not change until the move has been made. The only problem is that the hourly and 30-min charts became stretched, and so what we have is a conflict. You will get the strong reversals like we witnessed before NY when the lower TF's became OB/OS like they had been.
Also, if there are definite obviations with the higher TF's, then they will eventually play out. The nice thing is when the lower start lining up with the higher. That is when you get the strong moves.
The recent positions on the loonie and cable also show how pips can be made, even in sideways markets. It also shows when a methodology has been developed that it can spot the different characteristics of a trend and corrections, and that it is an exception to the rule to be in the minus column as late in the week as I had been.
I hope my ramblings are of a benefit to someone.

The next opportunity to go long on this pair is circa .9811. That is +3 sigma on the 4-hour chart. There could be enough room for it to hit the 4-hour kijun at .9796.

This pair has been in a nice UP for the last 6 weeks, due to Swissy weakness. A medium term correction is around the corner. I don't see this pair going much higher than the monthly tenken at 1.3787 before the correction begins. Circa 1.3251 sounds reasonable for the correction.

1.4464 is still on the longer term radar for this pair.

.8505 is on the radar. .8725 could be the next viable entry for the next leg south.

Don't forget! My radar picks just happen. They are minimum targets. .8600 could be a strong roadblock on the way.

This reversal that started at the MR2 at 1351.23 should have a strong leg. The weekly tenken will be support at 1309.32. Once it gets around that, then it should be on its way to the kijun at 1271.88. It will be that circa area that gold will be ready to resume the next leg in the uptrend.

The top of the 4-hour cloud, which corresponds with the daily tenken should be containment for this pair to signal the next move UP which should be around 1.4160.

I entered a short at 1.6007. This is the circa area that is needed to meet my criteria for an entry. 1.6019 is the WR3, but I don't want to wait for it in hopes it would be hit. If this pair does back up on me a little, it still will not affect the end result.
If I get a strong move before the week is out, I'll take it out, and end the week even more satisfied. If that does not happen, then I will hold it over the weekend, and enjoy some satisfaction to start the new week.