Monday, 14 December 2009

My Forecast


16:00GMT No specific alert as low volume was seen, GBPUSD sell above 1.6322 target 60 pips down.
10:10GMT EURUSD - now 1.6242 A small UP trend and then drop by 60-70 pips
09:00GMT Triangle formation in 1 hr charts of GBPJPY & EURJPY - big break expected.
06:20GMT Stay away from JPYs till a clear signal -extreme prices are expected.
06:10GMT SELL GBPUSD 1.6320 Target 50 pips down[***]
02:00GMT Stockpile the Long lots for GBPJPY & EURJPY and target 80-100 pips for UK session.[****]
02:00GMT Add more Long lots in GBPJPY & EURJPY now @143.70s & 129.72 Will target 60-80 pips[****]
01:30GMT {Testing - not for trading}: Liquidity Ratio GBPUSD +61.8% -SELL now 1.6228
01:10GMT GBPJPY & EURJPY set for LONG entries now at 130.01 & 144.10 target 40-50 pips each[****]
00:00GMT Good Morning Friends, Don't expect major players in for this week thus my expectation on volume is low. This makes forecasting bit of no-entry zone. Most of the pairs are at extremes (either at top or are low). Expect stop hunts at early and then reversal. Friday was year's profit booking day so most of the patterns was thrown out of window. My expectation on directions for this week is traders one - very systematic i.e trending one. If you're not trading for this week then I wish you a Merry Christmas!!
Posted by Jeeson Augustine
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8 comments:

  1. Jakie14 December 2009 at 16:51

    some great calls as always :) Shame there isnt an alarm on my computer when you update your blog as I seem to be missing the trades. :( Still seem to have missed closing some of my longs gj and gu but im sure there turn will come.

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  2. Jeeson Augustine14 December 2009 at 17:05

    GU will drop a bit but GJ chances of going high is good.

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  3. Jakie14 December 2009 at 17:13

    I see on gu that its getting pinched at the bottom of the 8hr envelope and a large gap at the top so would this indicate a move up soon. With the GJ envelope its riding the lower green line so how would you read this?

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  4. Jeeson Augustine14 December 2009 at 17:28

    I did update the weekly outlook.

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  5. Jakie14 December 2009 at 17:43

    Thanks, sorry last time I looked it only contained the charts.

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  6. Jeeson Augustine14 December 2009 at 21:22

    that was work in progress - it happens

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  7. Jakie14 December 2009 at 21:40

    Just looking at your trades for today, was most of these off the 1m envelope. Seems like there were plenty of opportunities during the Asian session

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  8. Jeeson Augustine15 December 2009 at 04:38

    was lucky.. yes it was 1min env

    ReplyDelete

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