fx360

Overnight equity markets finished the day fairly flat considering the anticipation built around the German court ruling which confirmed that the ESM was legal under German law and they would be able to contribute to the rescue fund. The outcome was more of a relief for markets and although broad risk markets kept the underlying bid tone, moves higher were fairly placid as ‘selling on fact’ capped moves as we shift to the FOMC roll of the dice later tonight.
EU Watch
The decline in Spain and Italy’s bond yields reflect the markets confidence that this Outright Monetary Transactions plan (OMT) may actually see the light of day. Last night’s German Constitutional court ruling went a long way to reduce the downside risks for struggling economies that in the past has seen financial markets quickly shut them out if there was a hint of catching the periphery debt flu.
The most comforting part for markets was that the conditions that were expected to be attached to its approval where simple, effective and only one. They ruled that Germanys 190 bio Euro contribution cannot be increased without parliamentary approval. This important insert should keep the majority of the German public onside.
US Watch
There is no doubt that the recent USD weakness and rallies on risk assets, indicate that the large majority are looking for an asset purchasing plan to be announced. For the moment, let’s leave aside the guessing game of whether they will or won’t announce QE3 and concentrate on the positions and expectations that the market has embellished in and play those. The market is well short USD and long anything risk associated (Eq, Comm, high yielding ccys) - banking on QE3 being announced.
If QE3 is announced then speedy evaluations will be needed on the dollar amount to be used and time range of the plan. The greater these two numbers the stronger the rally on broad risk assets which will be relative also to the power behind a USD sell off. (This printing of money devalues the worth of its currency as there is more in the system).
If no QE3 is announced then with a market needing to adjust to getting it wrong, we will see USDs fortunes turn quickly, and those caught long and wrong on risk asset positions will need to dump fairly quickly. The pace of this adjustment will be in Bernanke’s ability to sell future easing (dangling the carrot), something he has been doing well of late with such a large slice of the market believing QE3 is about to be announced.
As I have reported recently the fitting of an expensive venture such as QE3 to the current story doesn’t sit well with the only realistic aims to be either politically motivated or to weaken the USD to bring competitive forces into play. This attempted selling that QE3 is about addressing the labour force issues would have to be one of the worst red herrings I have seen in ages and unfortunately brings Bernanke’s credibility into focus.
Outlook
Initially I was looking for the trade that the market has overdone it on easing expectations which is understandable given the Federal Reserve’s guidance. I still think that the avenue of disappointment will be the play, however, we may start to see more players lower expectations as the one sided position for QE3 starts to even out a bit. This will see risk assets capped with a slight preference for the downside (if anything)
             

GBPUSD Price, Time And Space

See http://timelessfx.blogspot.co.uk/2012/09/gbpusd-daily-ebb-and-flow-price-and.html



Forecast updated as all 1st targets have been reached
Now we follow and track the sterling


GBPUSD 4hrs  Price, Time and Space

All i'm really trying to do is limit the amount of times i trade with Patient and planning while learning and following the Master and staying true to the 

Art of War

Sun Tzu said: The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy.

or 

To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself. #

That is, of course, by a mistake on the enemy's part.

AUDCad Staying Ahead of the curve Price, Time and Space

Whats the Audcad doing?

 We should be approaching a possible stage where the market makers may decide to start to enter into an accumulation phase, lots of whip sawing and making down of price, shakeouts etc etc .. The reason being is that we are entering an area of price action where there was a-lot of interest  previously on May 10 2012 till around the 28/10/2012 before prices took off on a bull run.

Anyway the great thing about this Special  forecasting ting i use is that  we have loads of time to prepare and build a case. Like Sherlock homes

Still we are still in the research stage with this method so it will be fun imagining and exploring the possibilities that we may be on to something, so far its working so lets continue.

The predictive dates found are 07/09/2012 to the 17/09/2012 and the 20/09/2012 for some climatic action

 P.s Not i'm saying the market will definitively turn at this points but what i am saying is that the probability  for climatic action around these dates is very possible increasing your odds for success. And this we why we are in the game to Win !!!

The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science." - Albert Einstein

"People like us, who believe in physics, know that the distinction between past, present, and future is only a stubbornly persistent illusion." - Albert Einstein

i will add some some news and sentiment which might also be found around these dates to support the case
Watch this space

 staying ahead of the curve

Zone Zone Slight adjust till 09/092012 till the 17 and 20/09/2012 as I've narrowed down the time frame so lots of action next week news and moon phases will follow


updated

/

Closing in on intraday action
14/09/2012 at 4.00am last Asian session orders  and the 15th at 12.00 just before the american session

Price, Time and Space

 Just in case it may have slipped your mind we live in a Universe with other Planets, Star and constellations that align with ours why would we not be affected by their moment i remember a bible verse

"Your kingdom come. Your will be done, On earth as it is in heaven."

662 Pips and counting no risk now.. So it is concluded  with careful Timing,Monitoring and Planning low risk high probability trades can be achieved. All we need to do now Kasim is keep doing the same thing.

  

 Sun Zodiac Virgo:
Finally by following our timing thing!!! and using the 4hr Anchor system we managed stayed way head of the curve for a low risk highly probable trade and the move could have been even better if we woke up earlier on the 9th which was a Sunday  and stayed up into the 10/ 09/2012 where  moon changed cycle from Gemini to cancer.
When the moon is in Cancer people become very sensitive and go deep into their inner world, which becomes more important than the outer it better not to rush into decision, spend time in control
 People born when the moon is in cancer are affected very strongly they are sensitive with greatly developed intuition  romantics and dreamers

Currently as we follow the moon course we are in Leo where we are more energetic and optimistic, feel like we can do everything we carve appreciation and compliments and should be generous with knid words to others it is a good time for celebration, presentation social events


As for the 14th  and the 15th we I sure we may see some climatic Action it might be a pull back or some thing in the news which will provide a clue lets have a look

provided by forex crunch

1. Chinese CPI: Sunday, 1:30. The key inflation index rose 2.0%, matching the market forecast. This indicates continued strong consumer spending and confidence.
2. Home Loans: Monday, 1:30. Home Loans rose 1.3% last month, its  best showing since February. However, the estimate for the September reading is a negligible 0.1% gain.
3. Chinese Trade Balance: Tentative. The market is expecting a sharp decline in the Trade Balance surplus this month. This could affect the movement of AUD/USD, since China is Australia’s number one trading partner.
4. NAB Business Confidence:Tuesday, 1:30. Business Confidence shot up to 4 points in August, a very strong reading. The markets will be hoping for more of the same this month.
5. Westpac Consumer Sentiment: Wednesday, 00:30. This consumer indicator disappointed last month declining by 2.5%, its worst reading in 2012. Will the indicator bounce back into positive territory in September?
6. Housing Starts: Wednesday, 1:30. This volatile indicator sparkled in August, with a strong gain of 12.6%. The markets are calling for a much smaller increase this month of 3.3%.
7. MI Inflation Expectations: Thursday, 1:00. Inflation expectations fell in August to 2.4%. This was a sharp drop from the 3.3% figure the month before. Will the indicator continue the downward trend in September?
8. RBA Bulletin: Thursday, 1:30. This quarterly report tends to have a mild impact on the markets, but analysts will be looking for clues as to the central bank’s future economic and monetary policies. A report which is more hawkish than expected is bullish for the Aussie.

   
   

   

   
   

   
   

   For the Cad on the 14th September  we have 

   
   

   Manufacturing Sales Measures the change in the overall value od sales made at the manufacturing level 

   
   

   A higher than expected reading should be taken as + for the CAD while lower than expected reading should be taken as - bearish for the CAD

   
   

   Actual		-
   Forecast		1.00%
   Previous		-0.40%

Mr price May pull back think quite violently with a few shake outs to take out weak holders  and rest during this Period while the News results are Churned over, It may give us a discounted price to get in again as 1.0445 looks to be the medium term target


14/09/2012 AUDCAD Updated Buying dips

CAD

Manufacturing Sales (MoM)

-1.50%

1.00%

-0.80%

 stated in earlier the plan was to look out for the + or - numbers and decide whether we could buy on dips. The results came out not so good for the Cad which gave the Aussies Longs an opportunity to advance as
As planned  Mr price also stayed above the 50% Fib which gave us another great entry on a pull back.. within the time Zone to Profit.

Hrly below

That's it for me and the AUDcad Target 1.618 1.0328 1 target Or Utill we see another trading OPP

Hope this help

GBPUSD Price and Time

GBPUSD Updated
After glanceing at Price for a few dayz while working on our price and Time system i managed to figure out how to narrow dwn the time frame projection using the 4hr Anchor
instead of the previous post  which is using daily projection into the future. also came across some heavy 1 liners see below


" The point here is "time" works. It's not about predicting the future. It's knowing when the future has arrived"

" Time analysis - "the other half of the picture"

My question is why are we focusing only on one axis, i.e.
the y axis (price), and over all, not spending as much time analysing the other half of the picture, time.
I hope this helps and if anything just gets you thinking more smartly and patiently


Hey guys so happy it worked it worked but i can't to happy yet  until about a year or so till its absorbingly Perfect. I also want to write a book on this new found niche and the application of my timing method. Anyway lets pray and hope it continues to  work out because if it does it will take the market by storm as its so simple and gives all the privileges of a real business "Time and Space" ... yea i like that i believe thats what i'm going to call my book
Time and Space "The secrets of timing the Forex market reveled "

Anyway thats a long way off for now check out the chart below of how thing s developed

As the £ Decided to break out to the upside within the time Zone brilliantly, Targeting the 161.8 fib extension

There is 1 thing to take note is that Mr price broke to the upside of the Poseidon line signalling a bullish stance. And we did say that the GBPusd was still correctively bullish heading into a wave 5 about a week ago and this proved it.


£/$ should now form an ABC correction if it does not extend

Gbpchf Daily Count

GBPCHF: Neutal Hovering at that 1.5100 /1.5140/50  Level Posideon ML Line Need to be Patient

 

 

 

 

UsdChf Daily Count

usd chf Daily

A Picture pants a thousand words

More to follow

Eurusd will be Entering Taurus Symbol: Eagle

please see link

http://www.fxtimes.com/technical-updates/eurusd-in-a-narrow-range-assessing-fridays-bullish-breakout/

However I wish to address the timing of the Eur/usd as it passes through the channel on the 6/09/2012 till the 7/09/2012 and the 11/09/2012.. have your guns drawn.

I've use Multiple timeframe Fib time Zones to select the best trade times  on 3 different time frames for guidance starting from the weekly then daily then 4hrs. Colour coded Pulm 4hrs Daily yellow weekly purple
This is still in it is trail stages. However from various back testing we believe we may be on to something in the Special way we apply the time zones.

I'm not saying the market is definitively going to turn on that day but I am saying there should be some action or significant market decision being made as the next cycle is not until the 11/09/2012 which is our next Line to trade.
We will also be applying the other basic techniques like volume reading  Elliot wave and harmonics Andrews pitchforks (Poseidon)etc etc Still it depends on how the market develops and which tools to apply.

There are so many great things about about forecasting potential market Volatility ahead like you are able to pre-check the news that will be coming out and also the moon cycle phase on that day  which  may be of significance.

Moon Phase on the 6/09/2012 till the 7/09/2012: Waning Gibbous  

Sign: Taurus

75.0% of the moon is shining

Symbol Eagle: A Day of spiritual transformation, elation, overcoming of doubts, making of important decision, taking  action, learning of cosmic law of life.

Day of understanding the meaning of life, finding life’s purpose, Cast the doubts away make and take important action, business wise stay focused on the most important goal if you feel the lack of energy , avoid new important actions.

Best time to study spiritual texts growth and enlightenment, a day to take care of family and home and ideal for fasting.  

This technique if anything else helps me to focus, plan, Monitor, gauge market sentiment, position, set entries analyse the risk with short to medium term targets. Most of all give me loads and loads of free time, I believe a true wealth accumulating business is one where you don't have to be there all the time leave it alone and enjoy the freedom of Life as all the hard work of planning has been done, and if done well the plan will last for weeks.

GBP/USD DAILY Ebb and flow Price and Time In the Timeless World

Where do you Stand

We have only ever three choices in this beautiful game.

1 Long

2: Short

3. Stand aside 

As you know of late I've been working on timing and like I've said before. every strategies works but even the best of strategies is useless if the timing is wrong therefore I've added to my arsenal Fibonacci Time zones using my own special  method swing technique

Our preference: is to stand aside until the picture is clear. I've combined Elwave and Harmonics to pant the perfect picture . 

Therefore i predict between the 03/09/2012 and either14th,15th,17th/09 /2012 the market would have either reached a top at the Elliott wave 1.6140......  3 of 5  Then  fall or the Bullish Gartley on 09/08/2012 till the  14th,15th,17th/09 /2012 and rise from 1.5664.  As the cycle endz and starts again.

Ebb and flow Price And tiime