244.50 cannot hold Gj yesterday, so i open another buy position on 244.40. as i said before if it break that level G/J will continue to rise, probably until 250. my advice is keep buy dips when u see small correction on this pair. do not sell unless u got very positif signal for shorting this beast. stay aware with major correction, don't forget to put ur stop loss. Happy Trading :)
Showing posts with label Trading Advice. Show all posts
Showing posts with label Trading Advice. Show all posts
Tuesday, June 19, 2007
Sunday, June 17, 2007
Trading Advice (G/J)
GJ now at a very high position. selling this pair will be good if she cannot break 244.40. My indicator say that G/J now is overbought. next week will be a nice drop for this pair. but becarefull, BOJ are hold the interest rate. and not planning to hike interest rate till september. so the overall trend is still Bullish. this down scenario will fail if G/j break 245, in that case we might see 250 very soon
Tuesday, June 12, 2007
Trading Advice (G/U)
Today UK CPI comes out worse than expected but UK trade balance comes out better than expected. overall news from UK coming out better than forcasted. i believe if today break support at 1.9790 today, then 2.050 is coming out soon this week. buy position is preferable in this pair. have a good trade
Monday, June 11, 2007
Trading Advice
Today UK PPI input come out better than forcasted, previous value was 0.2% and up till 1.2 %. but yet GBP/USD go around 1.9670-1690. My advice is, if it break 1.9720 then consider to go long and if it break 1.9620 then we should go short in this pair. if it go no where. then better to stay out from the market today :)
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