10:20GMT Still expecting 1.6550 unless GBPUSD hits new high/SELL level today.
09:30GMT Hope all smiles are back I'll wait for 11:00GMT before closing the earlier calls to SELL
09:10GMT ALL JPYS - GBPJPY & EURJPY violence recorded :D good pips
08:20GMT GBPUSD 1 min chart shows players in game pumping UP. I expect it to consolidate around 1.6780s (100 pips above my morning level excluding players) and just my 12hrs SELL level. GBPJPY 1min chart is still getting into SELL> at lower segment and looks like players not worried much about this pair as USDJPY is down. I expect GBPUSD to consolidate at SELL level before the data and later expect today's open level. crazy world of players
08:10GMT Players throwing themself into GBPs GDP check the BUY/SELL levels.
07:50GMT GBP is driven by 43% plus BUY liquidity - I'm sticking with my targets as I mentioned 01:10GMT analysis the top entry will be 1.6680s. But keep the daily charts pattern in prospective for longterm.
06:40GMT GBPUSD SELL above 1.6635-50 again target 1.6595s
03:50GMT GBPUSD BUY below 1.6605 target 1.6635 [*****]
03:50GMT USDCHF LONG-SHORT ratio is higher than +60% very close to long term BUY.
03:10GMT Cesar's work on USDJPY (Target 90s similar to my weekly outlook)
02:40GMT Don't loose the chance to buy long-term USDJPY below 87.70
02:30GMT Gold's final highs pump up before the bank holiday profit taking - 1174.50
02:00GMT EURJPY now 132.15 target to hit 132.65 [***]
01:10GMT trade4day - GBPUSD to test 1.6680s and then drop to 1.6550s (I wish :D)
00:00GMT Good Morning Friends, Yesterday's GDP was not good at all and as you guessed ; like yesterday - today is another fundamentals day. Starting from UK GDP to US CPI. Another factor to note was, as predicted GOLD touched 1170 that was my 12 hrs SELL level. I believe today it will drop to 1160s range i.e 1000 pips drop. If gold drops then better take Longs on all GBPs & EURs. Another prediction during chat session was EUR to hit 1.4970s and as you can see it already did. EURs almost slept for last few days, with thin trading can it hold on to higher levels or will long-term BUY'ers book their profit. If you check this pair's LONGs v SHORTs ratio; Shorts been higher for last 5 days but dropped to almost 50% and then recovered been short. It should test resistence in few hours from now.
GBPs almost to their BUY levels yesterday but with USD bad news in flash it did a small reverse. Today's GDP and other -ve fundamentals should make the pairs test all BUY levels. Don't expect spectacular news from UK for a while. The Shorts ratio is less in this pair but I think it should test 1.6370 level for any further major UP trend.
Please note that I avoid forecasts during data release as traders & players tests both directions in panic trading.
my 3 micro lots of u/j at 90.73, 89.75 and 89.131 will be happy to have the company!!lol!!!
ReplyDeleteI was in the e/j long from the 1 min envelope at .15. Where did your target come from?
ReplyDeleteEJ follows its major; USDJPY is the most active and EUR is holding on for now. The BLUE channel shows that it almost hit the bottom at 132.10 and when USDJPY is overbought it is natural to go UP, Plus EURUSD will test 1.5000 or above to go for a final dip to complete Harmonic crab pattern. Don't worry about EJ.
ReplyDeletedid u buy USDJPY based on my charts; 90.73 is pretty high even for my 8 hrs weekly chart. My advice was always buy it near to BLUE line near 8 hrs chart for longterm -buys/sells. 89.70-90.70 is mysecond target after 88 or below BUYs. First target is 88.80-89.20
Jackie - I checked the behaviour of 1 mins chart channels in 8 pairs and all of them when one of the blue line gets-into green channel the trend is mostly 70% completed and prices has comeback same or above the buy/sell of those levels. The one that I'm looking in detail is USDJPY where the one trend mostly for last 30-40 days
ReplyDeleteRich - i made the call of EJ at 132.15 now the price is 132.34 hope u got +ve pips now
I decided to hold the E/J for longer based on your target?
ReplyDeleteI entered just before I saw your call. I entered based on the 1 min envelope at 132.15. It has been in + since the beginning.I am trying to work on larger targets but I need to base the larger targets on "something" and I haven't found that yet.
The U/J : I took my first micro lot in the beginning of Nov. Based on Doc's call about 100. His timing may be off but he usually gets it right. And my micro account was sitting there doing nothing so I decided to enter.
I have set targets at or near 100 and another buy below 88, just because/
Well EJ target is for Euro/UK session not immediate (4 hrs chart target) but tell me what are ur trades average for EJ & UJ then probably we can workout something.
ReplyDeleteMy UJ 4 trades average is 88.62 so not to worry about UJ it can still be manageable by Dec15-2009
ReplyDeletefor trades above 89.50
ReplyDeleteOk - here is the plan; first BUY below 88.10 and second BUY at 87.85 and check the average will be around 88.60(target 88.70-89.00). Add one more trade anywhere below 87.70 to cover the broker charges and close all UJ in 2 weeks.
ReplyDeleteI have been setting 10 pips and taking it.
ReplyDeleteBased largely on the fact that 10 pips has been easily achievable, and, studying you trades has lent creedence to this.
When I see things like the fall in gbp yesterday and hold on for 15 out of an 85 pip move, it makes me want a better technique of looking at targets. I have started looking at the BB3,3,.
It's not that I have a problem with my new 130 pip a day average (yesterday was 169) but when I see me taking small pips out of a large move, it means I have some target work to do.
My gbp shorts are still underwater, looks like u.s. session maybe?
ReplyDeletewill wait for 11GMT it take 2-3 hrs to cool down as players will try to hold on till small traders get fustrated and close their trades at very low +ve pips. Take a break and comeback after sometime get take profit modified and keep at BB3,3
ReplyDeletebb on the 2 hr has original trgt.
ReplyDeleteon the 1 hr, not so hot.
For now I still 1.6595 in?
My average is a dismal 16640 as I didnt add a third time.
No worries, I could use a break.
thats fine and after your break I need to break another bad news ...
ReplyDeleteAUDUSD I predicted it to go UP as fundamentals are getting AUD strength. Now it went up I hope u close it before the jump.
2 trades, for 10 pips each in AUD. in and out during JPY session(they lasted about 8 mins each). At this point, the only time I get behind the eight ball is NOT taking the 10 pips.The 30 pips in (your) e/j today made me push the pips a bit.I will have to learn how to survive with many successful 10 pip trades. Was at +55 pips before this current trade, which I am sure will work out.Someday lol :-)
ReplyDeleteIt won't be so painful when we slice the lots. You're going against market (a step ahead of market) when you go too fast market needs time to get you :D different prospective..
ReplyDeletePlus UK news was not good at all even for players.. fundamentals always act as good walls.
ReplyDeletewhen trading near your buy/sell levels do you still trade them when close to major news?
ReplyDeletethat news was a bit of a none event!!! Still hoping GU falls seems to like hanging around the 6700
ReplyDeletedivide your lots for 12hrs & 24 hrs for the best chance
ReplyDelete