Friday, 12 February 2010

My Forecasts

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!!

15 comments:

  1. you still shoot for the original trgt of 40 below 1st sell or adjust?

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  2. 1st sell 40 is fine 2nd target 60-80 pips

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  3. Players game in GBP; my hope was to 141.30s but 80s is certainly players game

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  4. I 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?

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  5. 140.75ish is good but if u have something from 141.80 then close around 141.00-20s

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  6. Hi 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.

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  7. I so want to go to egypt. I wanna hear all about it.
    Meet me in the chat and I can tell you a bit.

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  8. 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..

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  9. good point; if jackie was in break then which jacky send me the email? (about trade holding time). I send a reply back now..

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  10. sorry a bit lost on that one about trade holding times as been away so it wasn't me I'm affaid

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  11. Nice calls again. Very nice.
    I am ready for the massive rise now. Wonder if the market is.

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  12. I only took it down to .75. I am sure you made it to at least .50 with the whole thing.

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  13. I had entry orders a bit lower and they didn't get hit. I figured more then 5 pips below. at least 20.

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  14. I just sum of all my call since morning and it adds to 600 pips/day nice weekend..

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