16:00GMT Markets are very quite - I'm worried; normally we will see major move after few hours of calm; today the sleep was extended for a day. It points to momentum building underneath current trends.
10:50GMT I think EURs are ready to pack & try for spikes (UP&DOWN). GBPs certainly looks going down v-soon.
01:00GMT Good Morning Friends, We at month-end and next 14-20 days will be ride of the year. The caution is in advance try smaller lots when data release is not due - like today. Now all our pairs are looking UP but it will turn to consolidation faster. EURs will make slow but GBPUSD needs some care. It certainly points to 1.60 as our technical chart shows. If GBPUSD lands near 1.57ish then try LONGs meanwhile stay away from JPYs atleast till a clear trend emerges. LONGs below USDJPY 83.00 but must think about spike down to 79.00 - similar pattern for our JPY crosses.
Monday, 27 September 2010
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what settings for the 1 and 5 of ej and gj are you currently using.
ReplyDeleteI haven't been seeing the bounderies hit many time throughout the day like they did a few months ago
I stopped SHORTs in EJ & GJ only LONGs based on RSIs & Pattern -ve 88.6% on hourly & 4 hrs charts. 1min & 5 mins is too risky as BOJ intervention & players game will make wild rides.. like that of last week. Last week there was several instances when prices hit roof/floor - BOJ intervetion & election etc..
ReplyDeleteTech patterns like are used for stocks are working. Multi bar pullback to support or over extended on larger timeframes for a retrace.
ReplyDeleteI miss the 1 min env. That was a fun year. What happened?
I am asking because my tracking of the tweets isn't getting me to see where they are before you post them. With the other strategies, I was eventually able to "find" them on my own. But the tweets are very much out in front of the price and I don't yet see where your boundries ie, entries and trgts, are coming from.
ReplyDeleteHi J, do you think gu might be at top now for few days pending uk gdp data tomr? Thanks
ReplyDeleteMohi,
ReplyDeleteThis week it should try spikes either sides but on medium term it should try 1.60ish .
Rich I'm using the same config as before in my strategy posting but markets are one sided so I won't recommend for time-being. You may get stuck when prices jump/drops 100-200 pips for no reason. The 1 min is strategy is same as in strategy posts.