05:20GMT For those waiting on my research results - Average True Range ATR(8) on Timeframe 15 & 60 was giving good results TF15 target 20-30 pips & TF60 gives nearly 60-80 on JPYs. Make sure you add RSI(5) with these to get my result.My current research is to add GANN grid to this - hope it will make some sense at end ;D
02:00GMT Good Morning Friends, All our pairs are overstretched - certainly a small down will help. First Targets 1.5081, 133.71, 111.84 & 1.2630 on schedule at early part and then gain strength to spike UP. Remember we are at the mid-month point- Monthly cycle must be for-seen so don't make any big LONGS yet. GBPs day today - lookout for data releases in early EU session.
Wednesday, 14 July 2010
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Hi J, when you say gbps day - is it for a rise or for a drop? Thanks
ReplyDeleteIt is almost completed now so no point but my forecast was Up trend was overstretched - It should be a good sell at top and wait for t'mrrow. I was expecting good news from GBP data release. I won't say it was too good but USD data release helped to stock SELLs.
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