13:05GMT GBPUSD & EURUSD hitting stophunts for SHORTs and as expected today morning GBPUSD is about to hit 1.57 a mark for good SHORTs. I'm still looking for DROP sooner.
11:00GMT Get ready for another drop in almost all our pairs.
05:50GMT Catch nice SHORTs for GBPUSD near/above 1.5700 target anywhere 60-100 pips
05:45GMT I think the current UP trend is players taking new position; lookout the Weekly & daily RSIs. It shows this may be a Short's stop hunt but for Intraday/short-term traders this is certainly getting into reversal & UP trend.
01:55GMT Good Morning Friends, All our pairs making new lows from previous week. Lookout for the Weekly pattern walls for levels. Morning "drop" was heavy and I'm sure start of EU session will try another drop.
Today's milestone :The recognition came early Monday, when Tokyo said that Japan’s economy was valued at about $1.28 trillion in the second quarter, slightly below China’s $1.33 trillion. Japan’s economy grew 0.4 percent in the quarter, Tokyo said, substantially less than forecast. That weakness suggests that China’s economy will race past Japan’s for the full year.
Experts say unseating Japan — and in recent years passing Germany, France and Great Britain — underscores China’s growing clout and bolsters forecasts that China will pass the United States as the world’s biggest economy as early as 2030. America’s gross domestic product was about $14 trillion in 2009.
Note: The hourly updates in my twitter is a test for next week or so - on MA strategy. If you follow it do it only on testing not a blind trade.
Monday, 16 August 2010
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Thoughts on GJ. I think I am seeing a drop of another 400 but I am long at 136 so........
ReplyDeletePatterns too shows drop but USDJPY shows it will not make any new lows. Where as GBPUSD is the only factor that shows it might make a new low. With current scenario GJ looks to slide but mostly to 100-200 pips and then bounce back..
ReplyDelete