Sunday, 30 December 2001

My Daily Updates

STEP 1:Daily FX Markets sentiments(Normal Traders attitude {HELP?})
STEP 2:Daily Players BUY/SELL levels(Players "intentions" {HELP?})
STEP 3:Major Banks Forecasts(Long term targets from Investment banks)
My Trades Online Summary
Misc 1:LIVE FX MONEYMAP TV(Not 4 marketing but useful strategy)
Misc 2:FXStreet NetDania Chart station(Not 4 marketing but useful indicators)
Misc 3:Current/Custom Pivots tableResistence & Support
Misc 4:FX CalendarEconomic & Holidays
Misc 5:Weekly Outlook(My own indicators)
Posted by Jeeson Augustine
Labels: , , ,

70 comments:

  1. Jakie11 November 2009 at 16:19

    Hi Jeeson, your pip count just gets better and better. :) You only post your closed trade’s do you have a lot of open trades in drawdown as you don’t seem to show any losses. I've started to use a scalping method that I picked up off kreslik.com with some success. What strategy so you use for your scalping? Harmonics? Read a book on it but a bit sceptical!

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  2. Jeeson Augustine11 November 2009 at 16:37

    I leave my open trades based on long-term forecasts of inv banks and my analysis. I do intra-day & swing trading so -ve trades are not acceptable. The strategy is the steps I mentioned in the table and bit of harmonics. Easy!!!

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  3. Jakie11 November 2009 at 17:23

    So I guess your trades were harmonics for yesterday as I didn't see tht the levels were hit on your spread sheet or am i missing something?

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  4. Jeeson Augustine12 November 2009 at 06:14

    BUY/SELL levels will be hit twice in a week; if hits more then we are lucky. The Traders sentiment shows the general trend and when Levels are hit and traders sentiments are reverse then you know in next 6-12 hrs 100-200 pips in JPY crosses and 50-100 pips in majors. I do harmonics/fibo trading only when high/low are at 161% or 127% (retrace levels) When an up/downtrend is in mid-way I start going opp to market and most of these trades gives me 5-10 pips (40% of my trades are these). You must be sensible to stand against market - check 1min RSI mainly.

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  5. Jakie12 November 2009 at 17:36

    Thanks for your assistance its great to see how somebody trades. With your buy/sell levels you reset these each day? How do you determine the levels?

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  6. Jeeson Augustine13 November 2009 at 06:21

    Yes it changes each day; they are 127% & 161% fibo levels on 60 min charts These act as double support 90% when these levels are achieved we will see a reverse hunt (i.e 38% to 61%). Remaining 10% is when prices go beyond these levels to hit 261% or 423%. When prices go beyond 161% then we will see a new big trend say when GBPUSD was around 1.61s it jumped to 1.65s-66s this was 261% and it started a new price level. When the jump is more than 161% price levels resets and new BUY/SELL levels are set.

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  7. Jeeson Augustine13 November 2009 at 06:25

    AND most of the big players enter into market only when these levels are reached i.e their trading strategy is to when prices reach 61% in downtrend they enter till it achieves 127% or 161%. Depth is decided by the volume of players at that instance. Very interesting concept.. you need time to observe this. I tried this for last 2 months and very happy with the result - the PIPs gained column does validate this strategy

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  8. Unknown16 November 2009 at 17:55

    Jeeson, what is view on usdchf - I am stuck with positions from 1.04 areas - where do you see it short/long term and bankers' forecasts?

    Thank You

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  9. Jeeson Augustine17 November 2009 at 06:13

    Mohi, I need sometime to do analysis as I don't trade this pair - will comeback in 4-5 hrs; market rumours are that longterm it will maintain parity (i.e 1.00) will give you levels after analysis.

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  10. Jeeson Augustine17 November 2009 at 06:57

    before u get angry the parity I meant it will go down (bearish in long term)

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  11. Jeeson Augustine17 November 2009 at 08:14

    Mohi,USDCHF - I think it is "double-bottom" out in 4 hrs chart; a trend reversal is seen. Same sentiment as GBPUSD but vice-versa in trend. Any BUYs below 1.0080 is fantastic, the downtrend support is at 0.9980 breaking this support is very difficult. The immediate resistence is at 1.0282. Price now 1.0090 @17Nov 02:30GMT. Long term target 1.0282 and shortterm target 1.0005.

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  12. Unknown18 November 2009 at 16:55

    Thanks Jeeson, I wasnt around. Thanks for your analysis. I regret trading this pair, stuck with the positions, unable to trade now. I will be grateful with occasional update at your site. Thanks again.. Mohi

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  13. Jeeson Augustine18 November 2009 at 20:42

    I'll try USDCHF in weekly updates..

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  14. Jakie18 November 2009 at 23:36

    I' just like to say thank you for sharing so much information. You must spend a lot of time keeping your Blog up to date.

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  15. Unknown19 November 2009 at 14:48

    Thanks Jeeson. What are your basic tools in forecast?

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  16. Richard Ruskin19 November 2009 at 15:45

    so, I have 337 pips so far today.
    I did it all, but could not have done it without
    JEESON AUGUSTINE.
    Seeing his hundreds of pips a day and his insistance that we should be taking 35 pips an hour forced me to be more patient, use what I know and trade calmly.
    His publishing of numbers and timely forcasts have helped too.
    The items he puts up here have all the clues that a person needs to go from surviving to prospering in the Forex market.
    And yes, I have been trading for 3 years and have lost lots of money, made countless emotional trades, wanted to quite on more than on occasion and stayed with it long enough to find what I needed.
    I am trying to say thank you with out getting full of myself, because thats when I get hammered.
    When we meet, you better run, cause I am gonna give you a big, wet sloppy kiss.

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  17. Jeeson Augustine19 November 2009 at 15:57

    thank you.. happy to see others prosper; good luck and be your own boss as FX expert

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  18. Jeeson Augustine19 November 2009 at 15:59

    Mohi use indicators like the ones I mentioned in small traders strategy Envelopes (in weekly outlook), bollingers band for closing trades and as we workedout in chat session with rich RSIs are good point of entry.

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  19. Jeeson Augustine19 November 2009 at 16:08

    I must say that Rich worked hard; analysing my trades & tracing those with his charts & indicators; BUY/SELL levels and sentiments. When one work-hard he/she will be "Rich"

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  20. Jakie19 November 2009 at 16:16

    Hi Jesson
    could you let me know, is the only way you teach your technics via your chat at 6.00 gmt?

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  21. Jeeson Augustine19 November 2009 at 16:21

    I did post much info in my weekend posts. But on weekdays I'm busy with my trading "bread & butter". I can try a weekend in first part of december. We can fix a time that fits everybody & I'll try to do a video session probably.

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  22. Jakie19 November 2009 at 16:37

    That would be great. Can you give us any pointers where to start if there is any specific reading we do or studying of indicators?

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  23. Unknown19 November 2009 at 16:50

    Thanks Jeeson, I havent yet been to a chat session, will do soon. Looking forward to your lecture. Regards..

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  24. Jeeson Augustine19 November 2009 at 17:58

    Mohi, I'm not into lecture; I do a friendly chat two-way communication. Not good at lecturing (I'm sure Rich will agree on this). We exchange ideas and we test those and tweak those.

    Jackie, Moving averages are good to start like I said envelopes are MAs with width. Find a MA that suits you and find the width that suits you. I usually do 1min chart Envelopes 44, 0.17 & other one 88,0.07 and it gives me a sine wave kind of feeling plus the boundries. You can use Bollinger band 3,3.0 on 1hr for trade close usually it gives a minimum of 35 pips from top of the band. Remember these are my strategies but you need to find that is comfi for you like Rich did. Rich integrated some of info into Rich's strategy and needed to wait for some more time to book bigger pips. I can only suggest but there are risks involved so I recommend to slice your current lots to mini lots and start making bigger pips. Hope this helps

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  25. Jeeson Augustine19 November 2009 at 18:13

    Small useful tricks
    * Have confidence in your strategy and try to close only in +ve pips. Don't worry abt money it will follow pips. You can start with mini lots and progress to 100 per lot.
    * I generate my own BUY/SELL levels (vertical limits). Never do LONGs closer to SELL LEVEL nor SHORTs closer to BUY LEVEL.
    * When you hedge don't do it in same currency pair like when you SELL in GBPJPY you can BUY in USDJPY if you think JPY is driving the market (usually in Japan session).
    * Find the overnight charges and make a plan to cover those with smaller trades where you can take 10 pips and cover those cost.
    * When you go for bigger pips always see the boundries and place a pending order from those. Never make a instant order for 100 pips profit.
    * Time before each session open is important - you can track the trend - I call it sentiments.
    * Every day a pair may not move 100-200 pips so check the momentum in 1hr or 4 hr chart and decide u want to book 10 or 35 pips per trade.
    *RSIs in different timeframes are good; specialize in one or two pairs with multiple timeframes are pretty good.

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  26. Richard Ruskin22 November 2009 at 09:34

    Are the numbers in Sup/Res and Signals as accurate as what you come up with?

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  27. Jeeson Augustine22 November 2009 at 11:37

    I only provide BUY/SELL levels that is based on Harmonics.(not SUP/RES) Now they are kind of extreme levels and when the price crosses these we usually see a new & next level i.e 261% or 423% of fibo numbers. As mentioned before PIVOTS are different from BUY/SELL levels.SUP/RES are there to break and I call it targets. I think you're confused between two; as you can see my BUY/SELLs acted as solid walls for GBPUSD, GBPJPY & EURJPY and they even bounce-back from those levels doing some pips.

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  28. Richard Ruskin22 November 2009 at 11:47

    I thought support/resistence generally matches up with fibo retracements. Isn't that where sup/res happens, @ fibo numbers?

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  29. Jeeson Augustine22 November 2009 at 12:08

    It depends on what you follow - SUPP/RES are previous LOWs/HIGHs. Where as fibos never looks at previous LOWs/HIGHs -they are derived price levels based on fibo techniques. Fibo can generate new lows & new highs like current Gold price. With current gold prices you cannot say here is the resistence but fibo can derive the new SELL levels or new highs. But I'll not call it a resistence as the term can be interpreted many ways.

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  30. Jeeson Augustine22 November 2009 at 12:10

    When I say fibo never looks previous HIGHs/LOWs please exclude the X,ABCD points that are HIGHs/LOWs for the basic calculation unlike Pivots.

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  31. Unknown27 November 2009 at 12:22

    Thank you Jeeson. Pls continue your good work. Eid Mubarak to you and fellow bloggers here. Regards..

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  32. Jeeson Augustine27 November 2009 at 12:25

    Eid Mubarak

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  33. Jakie27 November 2009 at 15:34

    Jeeson you say your buy/sell levels are the 127% & 161% fibo levels on 60 min charts. So where do you take the high and low for the last day? which 60 min candle or am i geting this wrong!!

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  34. Jeeson Augustine27 November 2009 at 16:01

    no no its a combination of 1, 4 & daily. I've my own algorithm with MA, High & Low, Open & close and some indicator results for "n" number of days line.

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  35. Jeeson Augustine27 November 2009 at 16:02

    In short its based on harmonic patterns you need to know High & Low to know your end point i.e X,A to get D

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  36. Jakie27 November 2009 at 16:48

    sorry i miss understood your previous post, thanks

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  37. Jakie27 November 2009 at 22:47

    Glad you had a great day gives you a good chance to relax if you finish friday on a high. I made just over 100 pips today so not too bad. The 5min envelope with the trix seems to be working ok but only took a couple of trades on demo with that will spend some more time on it next week. I,m nearly done for the day and the week. A party to arrange for tomorrow so I hope you have a great weekend and thanks for all the help this week. :)

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  38. Jeeson Augustine30 November 2009 at 07:19

    I consider 100 pips a day above average. Consider 22 days a month; you're almost into 2200 pips month average. I struggled into 7000 pips this month but with so many sessions i.e all Japan, Euro, UK and half of US everyday. You're doing it with ease is another good thing. Keep up your mindset I'm sure you'll reach 300pips/day.

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  39. Unknown2 December 2009 at 16:56

    Hi Jeeson, GU hasnt done much other than upward stophunt in last few hours. What is next in your opinion? Thanks

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  40. Jeeson Augustine2 December 2009 at 17:15

    I hope you saw the patterns part it has come to phase where players tried their game but Liquidity does not support more hike; it has to slide but it may be towards UK session close or so. A crab pattern still exist expecting 88.6% retracement from the high.

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  41. Unknown7 December 2009 at 14:51

    Jeeson, Is GU at buy level now? What is your outlook for the week? Thanks

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  42. Jeeson Augustine7 December 2009 at 15:12

    GU Buy small lot below 350 then I'll wait GU to fall 50 pips or so for bigger lot

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  43. Unknown8 December 2009 at 18:04

    Jeeson,
    What can you say about SWFX's "Liquidity providers" Sell level for GU is 12.09%? With that sort of extreme selling, who is selling? or buying. Also I didnt understand about +65 etc. (your comment). Thanks

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  44. Jeeson Augustine8 December 2009 at 18:34

    Liquidity ratio needs more research; its not same as technical. You need to observe it for many weeks to get it right. The trouble with indicator is we get updates only 30 mins interval. I'll be very careful with just this indicator. Combine this with 1 hr RSIs is the best option.

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  45. Jakie9 December 2009 at 17:05

    Jesson previously you mentioned using bollinger bands on a setting of 3,3.0 for an exit strategy. You mention 35 pips. do i understand this right. If the space between the upper and lower band is 354 or less exit the trade. Is this the same setting on all pairs?

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  46. Jakie9 December 2009 at 17:06

    ment 35 pips not 354

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  47. Unknown10 December 2009 at 11:01

    NO update today?

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  48. Jeeson Augustine10 December 2009 at 17:06

    sorry - ISP shutdown total disaster.

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  49. Jakie10 December 2009 at 17:29

    great to see you back on line

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  50. Jeeson Augustine10 December 2009 at 18:51

    I see that last 30hrs or so not much happened.. I guess not much missed in terms of trading.. Howz our gross pips coming to - daily pips targets.

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  51. Jakie10 December 2009 at 19:40

    Im affraid i over commited myself on the gj longs from tuesday which are still against me so waiting for them to work out.

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  52. Jakie10 December 2009 at 19:41

    Just as it looks like gj's going back down

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  53. Jeeson Augustine10 December 2009 at 20:57

    don't worry - I've 8 longs at 50 pips gaps from last 2 to 3 days. I feel safe as I bought these trades below BUY levels of each day. I know it will comeback -check 8 hrs charts of GBPUSD and it shows you a big UPPER segment.

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  54. Unknown11 December 2009 at 18:38

    Glad, all is ok now with you Jeeson. What sorm are you expecting in GU now?
    Thanks

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  55. Jeeson Augustine11 December 2009 at 19:06

    My guess is GU & JPYs

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  56. Unknown16 December 2009 at 13:59

    Jeeson, can you please explain 1 min blue line strategy. I have no idea. Thanks

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  57. Jakie16 December 2009 at 15:26

    Hi Mohi I hope this will help if Jeeson is not about. The 1m Blue line strategy is using the envelope moving averages. Blue line set to 44 0.22 and the inner green line set to 88 0.07. My setting is with the Linear Weighted median price. The best pairs are gj and ej. Take the trade short if price breaks the upper blue line and look to potentially exit at the upper green line. Opposite for longs. Its been very profitable for me and worth watching this one for a while.

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  58. Jeeson Augustine16 December 2009 at 16:21

    thanks jackie, I was off for few hours - Jackie explained it all and here is the link to the image on strategy http://jeesonsviewoneconomyfinance.blogspot.com/2009/11/my-forecast_26.html

    Run this envelopes for few hours and you will understand when to buy & sell and close.

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  59. Jeeson Augustine16 December 2009 at 16:23

    both 8 hr & 1 min http://jeesonsviewoneconomyfinance.blogspot.com/2009/11/how-to-become-fx-player-from-small.html

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  60. Unknown16 December 2009 at 20:11

    Thanks Jackie and Jeeson. Without sounding too dummy - are they bollinger bands (blue, green lines)? they are not moving averages, as 2 lines of each colour. Please explain to me simply how to construct them at a chart, tradestation or mt4. I dont know what to do with information of 44, 022 or 88 0.07. Thanks again for help.

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  61. Jakie16 December 2009 at 20:40

    On the MT4 under the indicators in navigator its the envelope you want. I think under the menu section they are listed as oscilators.

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  62. Jeeson Augustine16 December 2009 at 21:26

    Best one to start is "Misc 2: FXStreet NetDania Chart station" then convert the timescale to 1 min; then select the "studies" ->"Envelopes (trading bands)"

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  63. Unknown17 December 2009 at 01:07

    Thanks guys, I will be checking it soon. Regards..

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  64. Unknown22 December 2009 at 15:31

    Jeeson, how is the liquidity testing going? Based on "dukascopy.com", 85.59% trades are short in GU, so one should be buying now, isnt it?

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  65. Jeeson Augustine23 December 2009 at 06:20

    if Liquidity Providers ratio table -85.59% then BUY or +85.59% SELL (result of test so far)

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  66. Unknown21 January 2010 at 15:52

    I have noticed your eurusd forecast yesterday and gbpusd today has wrong way - well, it will come back to the level you specd, may take a day or two - how do you handle it, hedge or you get stopped out? Thanks

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  67. Jeeson Augustine22 January 2010 at 06:41

    EURUSD BUYs are based on Weekly outlook I did mention that its longterm; 1st levels I bought was 4200 and then 4080 followed by 4038 -BUY closer to L_BLUE line

    bought GBPUSD @1.6190 target 1.6230 was achieved on 21st. Are you talking about earlier to that. All trades was +ve in GBPUSD. If I BUY closer to my BUY levels I leave it open as I can enter new trades lower to it and cover the cost. I stick with only +ve pips strategy(bit tactical & emotional one but it worked for last 6 months)

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  68. Unknown23 January 2010 at 15:37

    I have similar strategy as well, +pips only, which sometimes work against me. Latest ones being few months ago when i requested you for usdchf outlook - sufferred big loss - not from your outlook but for my mistakes. Anyway, trying to recover now.
    I view of your last week's outlook in majors how do you see them going next week - do you still strongly see about buying longs in gu at 1.6118? Thanks and regards..

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  69. Unknown2 February 2010 at 18:10

    Jeeson, do you feel Dr Sivaraman's forecast is to come good - such as huge rise in gu and eu etc.?

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  70. Jeeson Augustine3 February 2010 at 17:48

    sorry missed ur previous 2 comments bit late now though. Try to post these comments under "my forecasts". EU certainly must go up as my weekly outlook says. GU is based on fundamentals. Its fundamentals are not very good. I still hold the view that it should try 1.5700-800 range to be more realistic. But in FX is a dangerous game to predict the real result. All parameters looks good for EU to go up & GU down

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