Thursday, 19 August 2010

My Forecasts

14:00GMT Players leaving USD and taking JPY; as predicted major went UP and a reversal on card. The other aspect you should consider is - US data shows that the country is on verge of another recession. This can create some trouble for all our pairs..
12:15GMT Catch GBPUSD shorts above 1.5730s target 60-100 pips down ;D enjoy the ride.
11:00GMT Was busy with comments and twitter alerts tweaks; Meanwhile GBPs completed the UP trend. EURs still sitting in middle not decided whether to go Up or DOWN. My approach is that EURs should hit roof and then try some slide later.In Long run GBPs should look UP more than current level.
01:10GMT Good Morning Friends, GBPUSD must slide further towards 1.5520-30s and then start to climb back for data release or so. GBPJPY needs some more down and EURJPY is already there near the floor. EURUSD will be looking UP after some stophunt of LONGs.

Posted by Jeeson Augustine

11 comments:

  1. Richard Ruskin19 August 2010 at 11:43

    I am guessing that you are still testing with tweets since the numbers are so far off for enteries.I would love to buy gbp at 153772. You got any??

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  2. Unknown19 August 2010 at 12:27

    Your entry for GPBUSD at .5530 was just PERFECT. Thank you
    Respect

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  3. Jeeson Augustine19 August 2010 at 12:31

    Yeah those are lanes and safety nets like I use to do for BUY/SELL levels.I'm trading with +/-10pips of those smaller levels, I did few on those and found success. especially the middle ones in 3 buys/sells cluster. Yesterday I made SHORTs in GBPUSD from one of those. last 3 days 140 pips from twitter alert ones; though I said 60 mins the bigger ones are really for 4-8 hours. Middle ones are 2 hours and smaller ones are 30 mins or so. The time factor is in testing not the levels.

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  4. Jeeson Augustine19 August 2010 at 12:32

    Aurelian thanks for confirming the trade..

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  5. Jeeson Augustine19 August 2010 at 12:48

    Rich, to clarify under Tweet2010081907
    SELL LEVELS - 1.57666, 1.56525, 1.56453, 1.56012
    current Price level - 1.55540
    BUY LEVELS - 1.53711, 1.54656 , 1.54710, 1.54993

    If you look at these levels "calm market"scenario -
    first sell level is almost 47 pips above & first buy level is 54 pips down.

    You need check first 20 tweets in every hour not first two ..

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  6. Jeeson Augustine19 August 2010 at 14:14

    Rich, I guess you understood why the entries was far - GBPUSD hit most of sell levels in 5 mins ;D all you need to do is wait...

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  7. Unknown19 August 2010 at 14:31

    Hi J, this is very good. Yesterday and today your forecast of gbpusd were spot on. Thanks

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  8. Unknown19 August 2010 at 15:15

    Jeeson, do you see gbpusd going down again? What is your medium term outlook? Thanks, Mohi

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  9. Jeeson Augustine19 August 2010 at 16:31

    GU is yet to hit +88.6% in Daily pattern wall. I think it should hit it and then in US data release if the initial claims are bad then it should try +127% if its bad for USD or it should reverse it for a small DOWN. either way +88.6% is the target first.

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  10. Unknown19 August 2010 at 20:24

    J, what does your latest comment mean? If USA is going back to recession and trouble for majors, does it mean they will drop further slowly by swings? Is that your medium term outlook? Thanks

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  11. Jeeson Augustine19 August 2010 at 20:46

    Medium term no major effect (spike'ing mostly) but long term if USA goes down it brings down everything.. I just wanted to caution against a 1.7000ish outlook on GBPUSD by some experts.
    Fundamentals favours JPY strength but we are about to enter in chaos as most busy trading season is about to start.. and they slowly fade away before christmas..

    ReplyDelete

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