My Daily Forex Prediction on Major Currencies

[james78]

Daily Forex Predictions for Aug 14, 2009
(update: 10:19am GMT+7)


EUR/USD
It is more likely to go down to around 1.42 or even 1.4150, but before it goes down, please beware that it still possible to reach 1.4350 or even 1.44. We suggest you to entry Sell after it goes up, or using a breakout strategy.
(Current Price: 1.4267)

GBP/USD
It is more likely to go down to around 1.65 or even 1.6450, but before it goes down, please beware that it still possible to reach 1.6650 or higher. We suggest you to entry Sell after it goes up, or using a breakout strategy.
(Current Price: 1.6571)

Enjoy !

James
GS

[james78]

Daily Forex Predictions for Aug 17, 2009
(update: 12:25am GMT+7)

EUR/USD
It is more likely to go up to around 1.4250, and after that, it might go down to around 1.4120. And after it goes down, it might have potentially to go up again to around 1.4250 or higher.
(Current Price: 1.4203)

GBP/USD
It is complicated, but we predict that it is more likely to go up at around 1.66, and after that, it might have potentially to go down to around 1.6470.
(Current Price: 1.6541)

Enjoy !


GS

[fxster]

Hi James,

Firstly, thanks for your daily updates effort. Really appreciate it.

SL/TP ratio
I've been using the 2:1 ratio for SL:TP for past 2 weeks, seems ok, where i've gain most of it.

Then last week, I was shorting the Eur/USD last week with the same ratio. The price touches my SL price at its peak, then drop way down. What a luck.

Any advise? or any way i can improve on it?

NFA rules

Pursuant to the new no hedging rule by NFA, will we still be able to put in a pending orders, such as buy stop and sell stop?

Cheers,

[james78]

Originally Posted by fxster

Hi James,

Firstly, thanks for your daily updates effort. Really appreciate it.

SL/TP ratio
I've been using the 2:1 ratio for SL:TP for past 2 weeks, seems ok, where i've gain most of it.

Then last week, I was shorting the Eur/USD last week with the same ratio. The price touches my SL price at its peak, then drop way down. What a luck.

Any advise? or any way i can improve on it?

NFA rules

Pursuant to the new no hedging rule by NFA, will we still be able to put in a pending orders, such as buy stop and sell stop?

Cheers,

About TP and SL, you can change it depend on your risk management, usually I'm using 5% risk, means if you have $10k equity and your Risk is 5%, then you can use 0.5 lot with SL: 100 pips , but don't use an SL too tight, okay..

about NFA rule, yes, I'm still able to use a pending order

James
GS

[james78]

Daily Forex Predictions for Aug 18, 2009
(update: 10:26am GMT+7)

EUR/USD
It is complicated, but we predict that it is more likely to go up to around 1.42.
(Current Price: 1.4102)

GBP/USD
It is more likely to go down to around 1.63, and after that, it will go up to around 1.6450.
(Current Price: 1.6340)

Enjoy !

GS

[james78]

Daily Forex Predictions for Aug 19, 2009
(update: 9:44am GMT+7)

EUR/USD
It is more likely to go down to around 1.4050. We suggest you to entry sell after it goes up just for a while, may be at around 1.4170.
(Current Price: 1.4140)

GBP/USD
It is more likely to go down to around 1.6470, and after that, it will go up to around 1.66.
(Current Price: 1.6525)

Enjoy !

[james78]

Daily Forex Predictions for Aug 20, 2009
(update: 10:07am GMT+7)

EUR/USD
It is more likely to go down to around 1.4150 or may be lower. But if it is still go up and reaches 1.4260 then it can go to around 1.43.
(Current Price: 1.4220)

GBP/USD
It is more likely to go down to around 1.64 or may be lower. But if it is still go up and reaches 1.6650 then it can go to around 1.67.
(Current Price: 1.6520)


Enjoy!

GS

[james78]

Daily Forex Prediction for Aug 21, 2009
(update: 10:12am GMT+7)

EUR/USD
It is more likely to go down lower than 1.42. We suggest the entry Sell in around 1.4280.
(Current Price: 1.4257)

GBP/USD
It is more likely to go down to around 1.64, and after that, it might have potentially to go up to around 1.66
(Current Price: 1.6486)


Enjoy !

James
GS

[james78]

Daily Forex Prediction for Aug 24, 2009
(update: 10:52am GMT+7)


EUR/USD
It is more likely to go down to around 1.43, and after that, it might have potentially to go up to around 1.44.
(Current Price: 1.4338)

GBP/USD
It is more likely to go down to around 1.64, and after that, it might have potentially to go up to around 1.66.
(Current Price: 1.6522)


Enjoy !

GS

[james78]

Daily Forex Prediction for Aug 25, 2009
(update: 9:45am GMT+7)


EUR/USD
It is more likely to go up to around 1.4350 or higher, and after that, it might have potentially to go down to around 1.42.
(Current Price: 1.4282)

GBP/USD
It is more likely to go up to around 1.6450 or higher, we suggest to wait until it goes down for a while, may be at around 1.6350, and then entry Buy.
(Current Price: 1.6383)


Enjoy !


GS