Friday, 19 February 2010

My Forecasts




09:30GMT Biggest fall in retail sales (January sale that too) GBP in trouble
08:55GMT Volume getting bigger in GBPs - expect fireworks (may be during data release)
06:45GMT My plan for the day GBPUSD & EURUSD LONGS entries below 1.5360 & 1.3445 with 50 pips lower gap from previous entry. close the first entry with 80 pips and add 30 pips for following ones. i.e GBPUSUD entry 1.5360 close 1.5440, 1.5310 close 1.5420 and so on. Don't touch shorts for any reason (critical). preset your entries before-hand. No major alerts as I'm not planning to give any SHORT entry advices at this stage.
02:50GMT Keep an eye on GBPs Liquidity {getting to levels for action}
02:00GMT Friday's 8hr chart update


00:00GMT Good Morning Friends, The majors hit my BUY levels as I was saying that friday players will go for Longs. They made some profit yesterday but today they plan to hunt. I'm happy for JPY as it made its position clear by breaking the upper level and trading at 91.80s. This makes all JPY crosses to follow the uptrend as soon as players start to book profit in majors. As predicted expect fireworks in JPY crosses.
Posted by Jeeson Augustine
Labels: , , , , , , ,

9 comments:

  1. Richard Ruskin19 February 2010 at 13:13

    Liquidity index has EUR much closer to a buy.
    Why both? if you have the time.

    ReplyDelete
  2. Richard Ruskin19 February 2010 at 13:20

    II see it. My gbp 8 was wrong.

    ReplyDelete
  3. Jeeson Augustine19 February 2010 at 13:22

    +75% is SELL & -75% is BUY. The GBP indicates +50s shows that its about to hit +75 and probably chances for further drop. -20s in EUR shows that there is scope for further drop to get to -75% thus BUYs

    ReplyDelete
  4. Jeeson Augustine19 February 2010 at 13:25

    Watch USDJPY -10% to -70% now its certainly further climb in horizon -Remember Liquidity is still in "TEST MODE"

    ReplyDelete
  5. Richard Ruskin19 February 2010 at 16:47

    Are you still taking both directions of the 5's?
    Today specifically?

    ReplyDelete
  6. Jeeson Augustine19 February 2010 at 17:22

    no only longs - weekend so no hedging

    ReplyDelete
  7. Richard Ruskin19 February 2010 at 17:34

    Did you expect more than 1 buy to be initiated by now?

    ReplyDelete
  8. Jeeson Augustine19 February 2010 at 18:02

    the GBPs are going high for timebeing But EUR is showing signs for drop. I'll wait for the drop. I made some longs after data release and booked 40-50 pips in GBP. Will wait for another drop towards end.

    ReplyDelete
  9. Jeeson Augustine19 February 2010 at 18:03

    I'll do any shorts towards Upper green line in 8 hrs

    ReplyDelete

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