12:30GMT EURs indicating a small UPtrend [****]
12:10GMT Get ready for another round of sells
10:45GMT Make BUYs in GBPJPYs & EURJPYs lower to now @140.12 & 121.76 target 80 pips up[***]
09:35GMT Why Euro will be in trouble for near futureBut this is how the financial markets refer to the troubled and heavily-indebted countries of Europe - Portugal, Ireland, Greece and Spain.(Some analysts use PIIGS to include Italy - Europe's longstanding biggest debtor.)Greece has dominated the concerns of investors since late last year, when concerns over whether it will be able to pay off the 300bn euros ($419bn; £259bn) in government debt it currently owes.The euro has been battered over the past month as some even started to fear the break-up of the eurozone.Now the European Union has agreed a deal to rescue Greece - with perhaps other wrecked economies to be helped at a later date.
GREECELatest GDP figure: -0.3% (Third quarter of 2009); Gross debt in 2010, forecast: 125% of GDP; Gross debt in 2007: 94.5% of GDP; Jobless rate: 9.7%
SPAINLatest GDP figure: -0.1% (Fourth quarter of 2009);Gross debt in 2010, forecast: 66.3% of GDP; Gross debt in 2007: 36.2% of GDP;Jobless rate: 19.5%
IRELANDLatest GDP figure: 0.3% (Third quarter of 2009); Gross debt in 2010, forecast: 82.9% of GDP; Gross debt in 2007: 25.4% of GDP; Jobless rate: 13.3%
08:15GMT Stockpile SELLs for GBPs; low volume now signs a drop will be in a flash. Even Mrking will be surprised about this rise
07:25GMT SELL GBPJPY & EURJPY now 141.16 & 122.98 target 40 pips down {sell bigger lot for 141.40s & 123.20s if you get the price}[*****]
05:10GMT Expecting JPY crosses to rise high for EU session Open and then wait for bad news.[Perfect Rise *** now wait*****fantastic]
00:00GMT Good Morning Friends, I'm sure you're tired after yesterday' dream drop of EUR. if you check my "10 February 2010 My forecast"; I did predict the EUR drop if Greek package don't workout. So this drop is not a surprise for me. Now I must say that Greek can't afford to loose time as there are other economies wanting money like Latvia.I'm sure EU will comeout with a package after few long meetings.All we need to watch is how lazy this leaders are!!
you still shoot for the original trgt of 40 below 1st sell or adjust?
ReplyDelete1st sell 40 is fine 2nd target 60-80 pips
ReplyDeletePlayers game in GBP; my hope was to 141.30s but 80s is certainly players game
ReplyDeleteI am guessing that you short again/more up here if you took any profit down there but still hold the bulk for 140.75 ish?
ReplyDelete140.75ish is good but if u have something from 141.80 then close around 141.00-20s
ReplyDeleteHi guys, back from my break in Egypt to a sick looking account. I should have hedged the eu long I had but that’s life. I see your using a new setup over the last two weeks. I will have to spend a little time checking through the previous posts. Have you any pointers to summarise your present strategy? Hope your well and the new system is profitable.
ReplyDeleteI so want to go to egypt. I wanna hear all about it.
ReplyDeleteMeet me in the chat and I can tell you a bit.
no change in strategy; 8hrs is same, we introduced 2 hrs for intraday. This works as low/high. Channel size is 2,0.61 for all JPY crosses. We are still using 1 min & 5 min. But you're correct; we are seeing bottom market for most pairs. welcome back..
ReplyDeletegood point; if jackie was in break then which jacky send me the email? (about trade holding time). I send a reply back now..
ReplyDeletesorry a bit lost on that one about trade holding times as been away so it wasn't me I'm affaid
ReplyDeleteNice calls again. Very nice.
ReplyDeleteI am ready for the massive rise now. Wonder if the market is.
I only took it down to .75. I am sure you made it to at least .50 with the whole thing.
ReplyDeleteI'm happy man 2x100pips fantastic
ReplyDeleteI had entry orders a bit lower and they didn't get hit. I figured more then 5 pips below. at least 20.
ReplyDeleteI just sum of all my call since morning and it adds to 600 pips/day nice weekend..
ReplyDelete