Thoughts.

Well I am short on EUR/USD at 1.5672.. (too early i guess >.>)
reason i got it was it was way too overbought.
But the thing is that market doesn't care whether it oversold or not..
well good luck to me.

For you GBP/JPY (ers)
This is risky.. as overnite it will be filled with UK Heavy Load Data.
But what i feel is .
Take a entry short order at the recent high. 213.36 or 213.5.
We would be aiming for 212.5 at least from that point or maybe lower.
It might be spiky.
For this pair i won't put a stop loss as it's a pair with lots of volatility.
But it's up to you.


Good luck All
Anil

Entry Orders.

I got 2 Entry orders for short.
First is 213.00
Second is 213.28

Am flat for the nite.. due to FOMC interest rate decision.
Past was -25bps..
Prediction by many is 2%(unchanged)
My predictions? Due to inflations rate and housing decreases.
It could go down to 1.75%(20% chance) 2.25%(80%)
Well that's what i think.
For people that wants an overnite trade..
GBP/JPY long might get some kicks i think but not sure.
If a test of today's low is hit.. a sweet ass long will be good from there too ^^
For now .. ZzZ

Anil

Anaylsis..

Well overnite trade..
Short at 212.69
212.38 ( got in a bit too early XD)

So for my overnight trade
These are my analysis.

Scenario 1
108.5X1.972=213.96
107.8x1.972=212.5816
107.5x1.975=212.3125 (3)
107x1.98=211.86 ( I hope this comes (1))

Scenario 2
108.2x1.96=212.072
108.6x1.965=213.399 ( If this comes we'll look for long and i will be dead XD)
109x1.97=214.73 (2)
109x1.96=213.64
107.23x1.98=212.31 (3)


Short was taken due to overbought RSI hourlies in GBP/USD, GBP/JpY by itself.. USD/JPY blah the usual ups and downs.. but resistance at 108.2 was seen..


EDIT:
Well guys.. our target of 211.86 was hit for a while before it went up.
I would cut the position with profits. But I am not too sure.
RSI doesn't say oversold.. but Stochastics does. The choice is up to u.

GBP/JPY

I hope you guys shorted when I said so... well cause retracement was found. It would have been a sweet ass 130 pips at least ;)
It should find itself down due to the POEC annoucing that it doesn't wan to increase the amount of oil output, which will likely weigh on USD HEAVILY over the weekend. What i hope to see over the weekend is to see GBP/JPY open at 210 on sunday ^^. Remember Friday is always filled with choppy trades so be careful ;)

Till than See you when i see you.

Anil

GBP/JPY

Erm.. seems like this bugger is not ready to go down as of yet.. lol..
Popped though 212.5 with good Surprisingly Good UK data coming though... but resistance was seen at 213.33.. retracement should be 211.8944.. Seems like a good spot to short for a drop. Technical studies( RSI,Stochastic) show "way" overbought conditions. So a retracement to 0.6618 Fibonacci is most likely.


GOood trading all~

GBP/JPY

The fate?


It seems that way to me.. but who knows?
This one is for long term.. for people likes to use trends..

USD/CAD

Signs of going up. Based On MacD on 1hrs chart, cross over is being shown to the upside direction.
RSI indicators are heading down. EMA stats that uptrend is coming up till 1.0275 (my view that it will go up till)

As usual always have a S/L in every trade.
I'll be taking a long 1.0190. Stop loss is at 1.0150.

Edit: Book 15 Pips Profit.
It is going down for now but not for long. Key support is 1.0150.
Laterz

Welcome aboard!

Hi, all I am Anil and I am a student at UOIT (University of Ontario Institute of Technology) in Oshawa,Ontario,Canada. I have a deep interest on playing Forex and as others deep interest in making PIPS. I'll share my views and what i think will happen
but like always there's a high amount of risk in every trade we make dependent on Fundermental and Technical methods.

Good trading all.