Monday, 26 July 2010

My Forecasts

12:05GMT GBPUSD don't panic - its on SHORTs mountain tops. The extremes are 1.5702 & lower is 1.5210. But I think 1.56ish is the top. Following GBPJPY helps us to find a medium relief on earlier SHORTs

11:45GMT Made some SHORTs in EURs almost to day high now. I think GBPs & EURs will make another high before another drop. Love this market making profit both ways ;D
1.3010ish will be the next SHORT and I feel that GBPUSD must touch 1.56ish soon for big SHORTs. JPYs to follow 135.90s & 113.25s as new HIGH - remember its "a forecast".
01:10GMT Good Morning Friends, I was waiting for the climb to be over. At this moment most of our pairs are loosing steam. Thing to note that we are yet to achieve the BANKERs-Targets i.e GBPUSD at 1.560-70ish & EURUSD 1.31ish. Don't be surprised of a spike UP and then drop. Last end of week Technical play showed that we are hitting/above UPPER BLUE lines in 8 hr chart channels. Even if the prices are 200-300 pips above those line I'll do only SHORTs - sticking to my rule SELL when price hits upper BLUE/BUY on lower BLUE. Interesting pairs are JPYs as USDJPY was consistent in testing supports - trying to break it. At this moment I think if USDJPY reverses above 90.00 ; we are looking JPYs crossing above Upper BLUE line soon. But with japanese politics & economy in some odd situation this looks very unlikely in next session or few.

CHAT- sorry abt chat session; kicked off by my ISP; I'm living in a real-life-matrix of ISP and soon to become Neo ;D

3 comments:

  1. No worries my friend. that's what I figured. Neo, funny,;-)

    ReplyDelete
  2. thanks, Neo followed a rabbit hope I'll not..

    ReplyDelete
  3. Keep up with your good work - Thanks

    ReplyDelete

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