Friday, 5 February 2010

My Forecasts

16:45GMT The current trend seems like a trick by players to make Euro traders close in loss; hold on if you can don't make any hedge or Shorts.
11:35GMT My indicators are showing we are getting ready for 60-80 pips climb in most of the pairs
11:30GMT if you're not in LONGs then wait for 5 mins RSI low. On next low take the position. It will go down before the climb. once you're in position don't over-do the trades. wait for NFP to be released and then see the reaction. Players may intend to drop initially to create panic and then rise.Fingers crossed!![*****]
08:40GMT Stocks creating problems for FX
02:30GMT Weekly outlook update on this extreme prices

02:05GMT 4 Hrs Charts

8 HRS Charts

01:50GMT If you're red faced this morning - cheer up; these are all bad news in few hours. First Toyota, followed by Greece, then UK QE chances and a cherry to top all is Bank of America fine with further investigation. We can't be worse than this unless (os/ob)ama decides so.
00:00GMT Its been a great night, Good Morning Friends. Everybody was expecting the pairs to go UP and then our Greece problem cameback to haunt us. Players are playing in GBPs too when QE was stopped but they left the door open for more later. Players are saying that the comment shows the weakness in this economy. I just think they wanted a reason to play drop dead game with GBPs. I was expecting GBPs to drop but EUR drop is similar to JPYs drop when it tried 84 levels few months back. I feel like living the FX dream 500 pips drop in EUR in last few days; EUR!!! somebody pinch me..Must see avatar one more time to confirm that EUR at these levels are real..

9 comments:

  1. Rich -Most of the pairs are at 261% level; from past - any pair testing 261% or 432% will return back with 300 pips UP. So don't worry if u have buys.

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  2. My Golden Rule - Channel says BUY levels; only BUY lots be safe. Look for BB3,3 for close of BUYs

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  3. If you are stuck with -ve pips but if you have free margin then try the 1 min L_BLUE line trades. Now even players don't want to drop as stop hunt is over.

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  4. Hi Jeeson, you, Dr S, players (buy levels) think GU, EU should be bought now - what sort of rise do you see in them? Is it swing and major rise or rise and drop again?

    Do you agree with Dr S's major rise? If you dont like to aanswer directly here, please email me at
    mohi"at"hotmaildotcom
    Thanks

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  5. It should rise def. my view is 150 pips rise in some pairs and 100 pips in others. But as observed it will depend on how fundamental turns out. If its too good expect a max of 200 pips above that will be a false level created by players

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  6. spot on 100 plus pips on most. Now wait for further climb

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  7. Jeeson, what are you thinking on gu now? have u noticed gu and eu looks opposite in liquidity data from dukascopy?

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  8. Mohi, Liquidity shows GBP is yet to make the bottom where as EUR is already started it rebound. It is still in align with my forecast

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