Welcome to Jeeson.us

If you are reading my site then you're an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets—personal and monetary—of the trader. I'm a self taught trader and I'll try to focus on numbers than the grammer/ perfect language as it holds no value in market.
Think clearly. Plan accordingly. Commit completely!!!
Caution Note
My forecast updates are my plans and sometimes it may look against trend and vice-versa. Individuals must assess their account & margin before committing all my trades.
All charts presented here are patterns (are free - no marketing) - some (around 60%) patterns hit target..
(Waiting for Daily Market latest session sentiments updates)...



Ratio Strategy (non technical -liquidity based)



When the providers ratio in this table >+65 or <-65 then take the trade for reverse trend. If the value is <-65 then BUY and viceversa.

My Forecasts

10:20GMT We are hitting today's low - say bottoms for JPYs crosses, EURs & GBPs.
08:40GMT SOS: EURUSD abt to sink..
07:50GMT With current momentum EURJPY Longs below 121.70s target back to 122.50s.
03:45GMT My Strategy for today: Take LONGs in GBPUSD 1.5015, EURJPY 122.66 & EURUSD 1.3627 for 40-50 pips target and book pending Shorts above 1.5080, 122.99, 1.3683 for 80-90 pips. I'll stick to this unless a new alert for direction change is generated.[The Uptrend never took the hook so we sank today - managed to book longs for 07:50 alerts]
00:00GMT Good Morning Friends, My Expectation for today is that EURUSD will drop to complete all pairs drop for profit bookings. JPY Crosses drops are complete it should make bottom-out soon i.e during japanses session close. For GBPUSD its almost completed the fall, it should lookup sooner with resistence at 1.5.

Pattern Charts

My Forecasts

14:05GMT Change in direction - GBPUSD & EURUSD going UP JPY crosses coming down soon.Wait for peaks & lows for the direction change.
11:45GMT We are almost at the lows for GBPUSD, GBPJPY.. looking for longs below 10-20 pips below for 50-70 pips up.
01:25GMT EURJPY & GBPJPY will drop by 30-40 pips and then rise to make today's high. Most probably Japanese session will be the best opportunity for Longs and UK/USA session for shorts

Pattern Charts

My Forecasts

11:50GMT Waiting game is on.. still maintaining GBP & EUR drop & JPY to rise forecast [***** V]
05:20GMT GBPUSD & EURUSD is expected to drop and USDJPY to rise.

Pattern Charts

My Forecasts

13:40GMT Sound odd -Risky - Pound abt to go up..
13:30GMT Expecting EUR to drop..
11:30GMT Not many alerts today - all majors consolidating. Seen some volume early today but I expect more in next 20-30 mins.. a triangle formation in 1 hour charts of GBPUSD.

News:The euro has tumbled since the Greek debt crisis started to bite last December, but it looks as though the currency's long-term decline has only just begun.

Short-term accounts have already been blamed for the currency's 10% decline against the dollar over the past three months, with signs of record-breaking negative bets among some investors sparking suspicions of a speculative raid.

Other types of investors are feeling the heat too, with the U.S. Justice Department launching an investigation into whether certain hedge funds may have banded together to push the currency down.

However, a much weightier group of long-term investors has yet to start selling in bulk. Some commentators are now warning against complacency, stressing that the big wave of euro selling from longer-term accounts such as central banks and pension funds is still in its early stages. Particularly if German bonds come under pressure, a further 10% drop could well be just around the corner.

"The big issue is that pension funds, life insurance companies and central banks may de-rate their opinions of the euro, just as they de-rated their views on the dollar from 2002 to 2008," said Stephen Jen, a currencies specialist at hedge fund BlueGold Capital in London.

"We are dealing with a crisis situation where the political seed could have been sown for an eventual breakup of the European Monetary Union... In my view, an expanding universe of euro sellers will likely help power a protracted downtrend in the euro against the dollar," he said. Watch out for the euro to slide to $1.20, he added.

The budget crisis in euro member Greece and the potential that the European Union may need to bend the currency membership rules to bail it out have already attracted enthusiastic euro sellers.

Non-commercial, or speculative, traders on the Chicago Mercantile Exchange have already built up negative bets on the euro on a record-breaking scale, generating an aggregate negative position of around $9 billion, according to weekly data that the CME provides to the Commodity Futures Trading Commission.

Many analysts now think that with negative bets running at all-time extremes, the momentum for euro sales may wane. As some traders lock in profits on successful bets and close their positions, the euro could climb somewhat. Indeed, these pressures may account for the currency's recovery from its nine-month low of $1.3434 reached earlier in March to just under $1.37 Thursday. This recovery may have further to run. However, it clouds the bigger picture.

The CME numbers are scrutinized weekly because they are taken as a rough proxy for hedge-fund flows as a whole. Still, at around $9 billion, these positions are a tiny fraction of the total currencies business, which accounts for at least $3 trillion in flows each day.

"The data are interesting, but this is a sideshow," said Simon Derrick, a senior currencies analyst at The Bank of New York Mellon in London.

On a much bigger scale, around one-third of the enormous $7.5 trillion held in reserves by central banks around the world is denominated in euros, Derrick said.

Central banks are generally thought to follow a similar investment strategy to other long-term investors, and judging by the $13 trillion held by The Bank of New York's custody clients, it is clear that euros still make up a large share, Derrick said.

"Investors have been reducing their holdings of Greek and Italian debt, but relative to where they were in 2000, their overall holdings are much higher," said Derrick.

Moreover, while investors have trimmed their holdings of debt from the riskier euro-zone nations, they have boosted their holdings of German bonds, staying in euros and effectively using German government bonds, or bunds, as a European safe-haven.

That makes the near-term fate of bunds crucial, and here, the outlook is finely balanced.

Price movements so far show no sign of a pullback yet, but investors may start to shy away from German assets for fear of the liabilities that Germany may undertake.

In addition, if Germany offers some form of guarantee to Greek debt, then German bonds could suffer outflows as investors flock to higher-yielding Greek debt with a German safety net.

To make matters worse, if other struggling euro nations approach Germany for help, and Germany offers yet more guarantees, then the quality of German government debt could be seriously polluted. Rather than shifting from the bonds of one euro-zone nation to another, many investors may exit the currency bloc altogether, the theory goes.

"We can no longer make our judgments about German paper simply on the prudence of the German finance ministry. Instead, we must also now factor in the finances of the nations whose debt they may end up guaranteeing," Derrick said.

Like Jen at BlueGold, Derrick said he suspects that a move down for the euro to $1.15 to $1.20 is a clear possibility. "If you take away the reserve currency premium, that that's the long-run average," he said. "Why can't it be there?"

Pattern Charts

My Forecasts

04:45GMT Liquidity still indicates GBPs to fall but I'll try to stay away till market has a clear intention.. though the pair is completing the pattern mentioned yesterday; i'll avoid the risk. Analysing the market times like this is the core for future success.
00:00GMT Careful with GBPs; Thursday BOE rate decision - Players strategy may in play now..

EURUSD RISK NEWS: Greek Prime Minister George Papandreou said on Tuesday his country was fighting for survival against bankruptcy and urged civil servants and pensioners to accept sacrifices to save the debt-burdened nation.In a dramatic speech to his Socialist PASOK party on the eve of a cabinet meeting expected to approve new austerity measures, Papandreou said: "I will fight to save the fatherland from whatever the nightmare possibility of bankruptcy might entail."Under pressure to meet European Union demands to find up to 4.8 billion euros (4.36 billion pounds) in additional savings before he visits Germany on Friday, he played up the risk of default, saying speculators had made borrowing costs prohibitive."If anyone thinks that this is a remote nightmare scenario, they don't realise what the situation is," he said. "Each day we discover new holes, new landmines, in the budget deficit."Papandreou did not spell out specific measures but he said public employees would have to get by on less, and the state could not go on subsidising pensions. That could hurt two of PASOK's key support bases. "We need to take tough decisions, decisions that can be unfair," he declared.Government sources said measures under consideration included raising value added tax (VAT), cutting public sector pay, freezing pensions and introducing higher duties on fuel, tobacco, alcohol and luxury goods.Greece's borrowing costs fell to their lowest level in weeks on Tuesday amid growing expectations that the government will announce new austerity measures that will in turn help it secure European financial support

Pattern Charts

My Forecasts

09:35GMT Players are showing 1.4850 is a good support for GBPUSD while they play with EURUSD. Just be careful they might comeback after making sure that traders are in with BUY lots. They might go for another 200-300 pips drop kill. My advice is stay away or hedge to the best.I'm not touching EURUSD as its within Blue channel in 8 hrs and greece problem is not sorted out yet..
05:40GMT Most of the pairs are expected to go up in next 2-4hrs
04:40GMT Big Volumes in again.. in most of the pairs; are we going to see another run like yesterday!!! wait & see
00:00GMT Good Morning Friends, Frankly I'm in a very bad mood after my broker screwed up my hedging and closed my trades instead of swaps (sorry for the language -fustration). Anyway leaving that there coming back to analysis; bad news is that GBPUSD is not stable at all. GBP Analysis:

Pattern Charts

My Forecasts

13:25GMT GBPUSD should touch 1.4820s and then launch back to 1.5100 in next 24 hrs for a pattern.
13:00GMT RSIs for Hourly, 4 hrs, Daily & Weekly is breaking into new lows..never seen all of them these low in my memory.
12:40GMT I closed almost all EURs open Long trades in -ve pips at price of 121.50ish and then saw another fall, was bit lucky but extreme situations demand extreme actions..
12:05GMT NEWS :Political, economic and monetary policy risks are all weighing heavily on sterling Monday, pushing the currency down to its lowest level against the dollar in nine months and even shoving it down to its lowest level for the year against the euro. The outlook on the currency is now looking increasingly grim, with data released late last week already suggesting some traders' negative bets on the pound against the dollar have surged to an all-time record. Opinion polls in the weekend press have shown a shrinking lead for the Conservative Party ahead of the general election, which must be held by June. On top of that, uncertainty surrounds the Bank of England's monetary policy meeting Thursday. All this means the currency may be in for a very testing week. "It continues to be all negative for the pound at the moment," said Audrey Childe-Freeman, an analyst at U.S. bank Brown Brothers Harriman in London. "Dreadful economics, an uncertain monetary policy environment and highly uncertain politics will all leave sterling vulnerable in the near term," she added. Already Monday, sterling has slipped to a nine-month low against the dollar, dropping well under $1.50, while the euro has surged far above GBP0.90 for the first time since early January. The political opinion polls have become a key driver for sterling in recent weeks as the Conservatives' lead has shriveled from around 13% in December to just 2% now. That suggests no single party may win a majority--a situation known as a hung parliament that would make it even tougher for any party to fix the U.K.'s public-spending stresses. "A hung parliament is one of investors' key fears for sterling," said Paul Robinson, a strategist at Barclays Capital in London. "Risks in the short run remain to the downside for the pound." On top of that, investors appear jumpy over whether some members of the Bank of England's rate-setting committee will push for a fresh extension of its quantitative easing program this week. "Uncertainty is always a bad thing for a currency, and at the moment, there's uncertainty about the uncertainty," said Geoffrey Yu, a currencies analyst at UBS AG in London. Investors are starting to position themselves for the risk of a brutal sterling crisis, Yu added. The main chance for some short-term support for the plunging pound may now come from the fact that it has already been sold very heavily. Friday, data from the Commodity Futures Trading Commission showed negative sterling bets against the dollar among non-commercial traders on the Chicago Mercantile Exchange hit a record high in the week running up to Feb. 23. Those traders don't represent the whole of the market, but they are often seen as a proxy for hedge funds as a whole. With these data suggesting there has already been a sterling-selling frenzy, waning momentum or the closing of successful bets could kick in to give the pound a modest boost soon. "We may see a short-term correction, but I would not expect a major rally ahead of the BOE on Thursday," said Yu at UBS. By 1105 GMT Monday, sterling was trading at $1.4978, some 1.8% below the levels it held late in New York Friday. The euro was at GBP0.9082 against the pound, up 1.5%. Sterling has also hit 25-year lows against the Canadian and Australian dollars Monday.
11:40GMT GBP Mayhem may be over for 30 mins but it will be back for US Session..
11:05GMT Mayhem - GBPs next stop 1.4850s Stophunts are severe.. Traps ahead ..careful trading..
09:15GMT Most of the EURs oversold..will spike before the downward trend..
04:40GMT Big Volume in GBPs - players are in :D Good luck..
00:00GMT News:The dollar will be caught this week in a tug of war between heavyweight economic data from the U.S. and developments in cash-strapped Greece. Greece, which could sell a new bond, has become a key gauge for investors' appetite for risk. Last week, warnings from ratings firms over the Greek government's ability to enforce sharp budget cuts sent the euro to its lowest level against the dollar since May. The euro, however, recovered as weaker-than-expected U.S. data reminded investors that key rates will remain near zero for a while, reducing the attraction of holding dollars. This week's data could reinforce that message, even if a lot of the weakness reflects the severe winter storms. All this makes for volatile trade, particularly as short-term traders have built up large bets against the euro. Last week alone, the euro swung between $1.3451 and $1.3693. "The dominant tone [in the markets] is one of extreme nervousness," said Alan Ruskin, global head of foreign-exchange strategy at RBS Securities in Stamford, Conn. There will be a lot of back-and-forth trading, he said, but until there is decisive news on Greece, there won't be a clear direction. Late Friday in New York, the euro was at $1.3617. The common currency has fallen roughly 5% against the dollar since the start of the year. The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 80.487, up 3% this year. Greece is planning to sell a 10-year bond, hoping to raise from 3 billion euros to 5 billion euros. It is also set to unveil austerity measures to cut its budget deficit, which last year hit 12.7% of gross domestic product. Germany, the euro zone's largest economy, may yet step into the breach to assist Greece. On Friday, a German lawmaker said the government is discussing the possibility of arranging an emergency credit for Greece under the auspices of public-sector lender KfW -- though he stressed no decision had been taken yet. "The planned Greek issuance will be an interesting litmus test," said Jane Foley, a research director at Forex.com in London. "Like the previous sale it may go better than expected and bring some comfort," she said, but to attract investors, the yield will have to be quite high. That in turn will add to the pressure on Greece's budget. Greek 10-year bonds were yielding around 6.5% Friday. Investors will also get a lot to chew over on the U.S. economy: from national data on the manufacturing and services sectors in February to the all-important nonfarm payrolls report. With the market heavily betting on further euro declines, reminders that the Federal Reserve won't raise rates soon could lead to a sharp reversal. "We expect the U.S. data to remain mixed, like as of late, placing some question marks over the exit strategies of the Fed," said Derek Halpenny, European head of currency strategy at Bank of Tokyo-Mitshubishi UJF Ltd. in London. Severe weather on the East Coast could significantly depress the reports, particularly the payrolls data for February. "The market has yet to take aboard the impact [of the weather] on [this] week's U.S. jobs report," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York. "Even if it is weather-induced . . . market positioning is such that there would be risk of a dollar setback." Sterling will also remain in the spotlight, after dropping to nine-month lows last week against the dollar, undermined by concerns over the economic outlook and the possibility that the U.K. general elections this spring could lead to parliamentary gridlock. Friday, sterling was at $1.5241. It has lost 5.6% since the start of the year.

Pattern Charts

My Forecasts

15:50GMT Why players pulled GBP down:-Speculation that Brown could be tempted to call a slightly early election has emerged because the economy is returning to growth after an 18-month recession and the Labour Party has improved its ratings in opinion polls.European foreign exchange and stock market traders said earlier on Friday there was talk of a snap election, citing a popular British politics blog which said journalists at the BBC had been put on high alert.The UK government dampened speculation an election announcement was imminent by saying Prime Minister Gordon Brown was not planning to meet the Queen this weekend, as law would require.

13:40GMT try to close any shorts in any pair sooner in +ve pips don't wait for EU & UK market closes.. very risky to hold on to... fresh new volume loaded during data release..
13:00GMT New low for GBPUSD - downtrend starts..
12:35GMT Get ready to rock'n roll 13:30 GDP data..
08:05GMT SELL GBPUSD above 1.5265s target 50-80 pips down.{risky}[*****]100% full marks!!!
05:10GMT They are going to create another bearish fear again today during 6AM GMT I'm sure there are traders waiting with shorts. Be careful with big target SHORTS. A big surprise in store..
03:55GMT Must admit the depth of the fall was a surprise -feels guilty of that. But now I found the issue to be an array of the factors "missed the month-end cycle factor,long-term view, fundamentals and missed BUY/SELL channel rules". I kept telling in my forecasts that GBP will fall but failed to do detailed analysis of USDJPY-damn!
00:00GMT Good morning Friends, Hope you survived yesterday's pain. I survived by just. Though I held on by using shorts and closing for smaller pips; today I'm think of getting rid of some GBPUSD & JPY Crosses longs that are held above my 24hrs SELL level 261%. Like you I'm in FX to make money and yes I've commitments; for this reason I'll have to close few trades in big -ves. I'm still thinking not yet done. As mentioned yesterday current USDJPY trends is nowhere near the Fibo levels. Expecting another fall after a small rebound. I know some viewers in another blogs went out with margin calls; and hope nobody in this blogiewers suffered heavy hand of market.

Pattern Charts

My Forecasts

16:45GMT Speed at which USDJPY is falling I think its target is 86.00-86.70 (now 88.91) This is based on 4 hour chart. We are into some real bad times now.
12:20GMT MY UPDATE
I tried 1min channels to get through today's market. Did 215 pips; Shorts with small pips
2010.02.25 02:56 buy gbpjpym 137.42 2010.02.25 02:58 137.57 15
2010.02.25 03:00 buy gbpjpym 137.47 2010.02.25 03:04 137.57 10
2010.02.25 04:06 buy gbpusdm 1.5336 2010.02.25 04:17 1.5346 10
2010.02.25 04:24 buy eurusdm 1.3457 2010.02.25 04:58 1.3467 10
2010.02.25 06:28 buy eurjpym 120.39 2010.02.25 06:36 120.49 10
2010.02.25 06:43 buy eurjpym 120.30 2010.02.25 06:48 120.40 10
2010.02.25 06:54 sell eurjpym 120.58 2010.02.25 06:56 120.48 10
2010.02.25 07:09 sell eurjpym 120.71 2010.02.25 07:10 120.61 10
2010.02.25 07:01 sell eurjpym 120.54 2010.02.25 07:19 120.49 05
2010.02.25 06:54 sell eurusdm 1.3476 2010.02.25 07:19 1.3466 10
2010.02.25 06:49 sell eurjpym 120.41 2010.02.25 07:44 120.31 10
2010.02.25 07:55 buy gbpjpym 136.92 2010.02.25 08:09 137.07 15
2010.02.25 08:13 sell eurusdm 1.3493 2010.02.25 08:23 1.3483 10
2010.02.25 09:35 buy gbpusdm 1.5278 2010.02.25 09:49 1.5298 20
2010.02.25 09:19 buy gbpjpym 136.59 2010.02.25 10:09 136.79 20
2010.02.25 10:10 sell eurjpym 120.61 2010.02.25 11:00 120.51 10
2010.02.25 10:12 sell eurusdm 1.3499 2010.02.25 11:06 1.3489 10
2010.02.25 11:06 buy eurjpym 120.40 2010.02.25 11:36 120.60 20
10:00GMT EURUSD rebound after testing big support 1.3453. EURJPY completed point D 127% of the pattern in 1 hour. Are we seeing a trend reversal from this point?. Till EURUSD makes new low from 18 Feb we can't confirm the patterns will stay.
09:50GMT Waiting for EURJPY another drop. Players are into pushing new lows as per indicators..Mainly Greasy Greece & italian issues.
03:10GMT Why Only LONGS & hold previous LONGS? jeeson says we are touching the low of lowest point of second leg of pattern in JPY crosses i.e lowest being 88.6% from last high to low. We may be seeing an uptrend point from next week; the longest climb back to pre-recession levels.

01:15GMT Take longs in GBPJPY & EURJPY 138.08 & 121.24 target 80 pips up Added more Longs below this price [02:50GMT update]
As promised 5 mins charts for GBPJPY & EURJPY with their channels

Yesterday's 153 pips log (CSV format) I closed GBPJPY 25 pips earlier than the High
2010.02.24, 15:12, buy, gbpjpym, 138.58, 2010.02.24, 15:45, 138.93, 35.00
2010.02.24, 15:14, buy, gbpjpym, 138.48, 2010.02.24, 15:44, 138.91, 43.00
2010.02.24, 15:03, buy, gbpjpym, 138.78, 2010.02.24, 15:45, 138.93, 15.00
2010.02.24, 00:39, buy, eurjpym, 121.90, 2010.02.24, 15:46, 122.50, 60.00

Pattern Charts