Monday, 16 November 2009

My Forecast


13:30GMT Fed's statement says "USDs global role as master currency may be over" will carry problem for all SHORT positions; trade carefully - the small drops may be players trick!!!
11:20GMT 4US data get the trades booked for BUY/SELL levels - major move expected during the date release and most of platforms ignore all live trade clicks.
10:50GMT GU Daily chart analysis shows that by end of this week or early next week we must see 1.65-6450 level around 200 pips down - now that is a forecast hard2digest.
10:30GMT Just wondering how many traders are on their knees for EURUSD to drop ;D I guess players are enjoying this sight
10:30GMT Any SHORT on GBPJPY & EURJPY is worth holding for few more sessions - check market rumours section
10:00GMT EU is held at same price after data - significant direction to follow; it will now try to get a good SELL price (1.5010-20) and then drop by 80-100 pips down.VERY V.SLOW MOVE EXPECTED!!!
10:00GMT EURUSD can fall to 1.4890 (MAX) now 1.4965 so close any +ve trades
09:20GMT We are heading for EURs Data - careful with your short positions (if any) go with market trend for next 30-50 mins. Try to close Shorts on good +ve PIPs
09:00GMT GBPJPY BUY Hunt is over BUY at 149.42 small lots & big lots 148.81 target 149.72
08:10GMT No forecast alerts - mixed signals (EU going UP & GU DOWN [***]but thin volume)GBPs looks like players are into BUY hunt holding EURs
07:40GMT As expected EURUSD is climbing high
07:40GMT EURJPY SELL above 134.20-30 target 133.80 [****]
04:50GMT Withdrawing EURUSD alert - EURUSD is getting ready for UP launch for 1.5100-200 (LONG TERM say 48-72 hrs) BUY anywhere near 1.4920s target 1.5050
03:00GMT EURJPY to rise till EURO session open and then drop
02:30GMT EURUSD now 1.4953 to go UP by 10 Pips and then drop by 30-40 pips
[**] did 20-25 pips DOWN after the alert; almost done first leg now!!
00:00 GMT Good Morning, Fresh & new week - hope this week your PIPs grab will increase.
Monday US retail sales - USD ride day mainly trade majors.
Tuesday is for GBPs and by US Session it will be back to USD rally
Wednesday again GBPs to start & again at US session for USD rally
Thursday again GBPs
Friday is for JPYs

Overall for the week if you're with GBPs there will be 200-300 pips UP and 300-400 PIPs DOWN expected. Last week I did around 1700 pips though I was not well. I played bit safe from time-to-time. I'm proud of my risk management and patience to grab so many pips. I hope my blog helped you to save some good PIPs.

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