My Daily Forex Prediction on Major Currencies

Daily Forex Predictions for Oct 30, 2009
(update: 10:16am GMT+7)

EUR/USD
It is more likely to go up to around 1.49, and after that, it might have potentially to go down.
(Current Price: 1.4846)

GBP/USD
It is more likely to go up to around 1.66 or may be higher, and after that, it might have potentially to go down to around 1.65.
(Current Price: 1.6570)

(…)

Enjoy !

Daily Forex Predictions for Nov 2, 2009
(update: 10:16am GMT+7)

EUR/USD
It is more likely to go up higher than 1.4750 or even 1.48, and after that, it might have potentially to go down to around 1.47.
(Current Price: 1.4747)

GBP/USD
It is more likely to go up higher than 1.65 or even 1.66, and after that, it might have potentially to go down.
(Current Price: 1.6439)

(…)

Enjoy !

Daily Forex Predictions for Nov 3, 2009
(update: 9:58am GMT+7)

EUR/USD
It is complicated, and potentially to move in both direction (Up or Down). We suggest to use a breakout strategy, Buy if it reaches 1.4850, and Sell if it reaches 1.4740.
(Current Price: 1.4794)

GBP/USD
It is more likely to go down to around 1.6250, and after that, it might have potentially to go up to around 1.6450.
(Current Price: 1.6386)

(…)

Enjoy !

james you’re the best .:wink: don’t ever stop posting

Daily Forex Predictions for Nov 4, 2009
(update: 10:05am GMT+7)

EUR/USD
It is more likely to move zig zag today, because it is waiting the FOMC announcement. But if you still want to place an order, may be it can go up higher than 1.4780 or even 1.48.
(Current Price: 1.4724)

GBP/USD
It is more likely to go down to around 1.63 or may be lower, and after that, it might have potentially to go up to around 1.64 or even 1.65.
(Current Price: 1.6411)

(…)

Enjoy !

Ok, thank you :slight_smile:

Daily Forex Predictions for Nov 5, 2009
(update: 10:12am GMT+7)

EUR/USD
It is more likely to go down to around 1.48 or may be 1.4750, and after that, it might have potentially to go up to around 1.49.
(Current Price: 1.4835)

GBP/USD
It is more likely to go down to around 1.6450, and after that, it might have potentially to go up to around 1.66.
(Current Price: 1.6508)

(…)

Enjoy!

yesterday, nice prediction on GU “sifoo”!!! :smiley:

Daily Forex Predictions for Nov 6, 2009
(update: 10:04am GMT+7)

EUR/USD
It is more likely to move zig zag (sideways) until the Non Farm Payroll news. and We predict that it is more likely to go up to around 1.49 or may be 1.5.
(Current Price: 1.4869)

GBP/USD
It is also same (sideways), waiting until Non Farm Payroll news. May be it will go up higher than 1.66, before it goes down to 1.65.
(Current Price: 1.6589)

(…)

Enjoy !

James

Daily Forex Predictions for Nov 9, 2009
(Update: 10:05am GMT+7)

EUR/USD
It is more likely to go up to around 1.4950 or may be 1.5, and after that, it might have potentially to go down. Prefer to keep Buy, and waiting the best price to enter.
(Current Price: 1.4906)

GBP/USD
It is complicated. But we predict that after it goes up (may be 1.6750-1.68), it is more likely to go down to around 1.66, and after that, it might have potentially to go up again to around 1.67 or higher.
(Current Price: 1.6691)

(…)

Enjoy!

James

Now that EURO has once again broken through 1.500 territory, do you see a pullback in the works or should we expect this beast to keep on going and test the 1.600 level??? Any advice would be appreciated.

It depends on the news

but we predict that it is hard to break 1.6

James - GS

Daily Forex Predictions for Nov 10, 2009
(update: 10:03am GMT+7)

EUR/USD
It is more likely to go up just for a little bit, may be around 1.50 - 1.5050, and after that, it might have potentially to go down to around 1.4950 or 1.48. Prefer to keep Sell.
(Current Price: 1.4985)

GBP/USD
It is complicated. May be it would go up first at around 1.68, and after that, it will go down to around 1.67 or lower. Better to keep Sell. But if it still goes up and reach 1.6860 then it can continue to 1.69.
(Current Price: 1.6739)

(…)

Enjoy!

James

Hi James,

Very impressed with your analysis.

I’m newbie in forex and have recently lost in the trading but at small amount (from 980 to 350). I tried strategy I read a bit here and there and still can’t figure out a winning strategy.

Based on your analysis, I couldn’t find the indication of entry and exit point as opposed to some others. What strategy shall be applied if we were to use your recommendation?

I’m not a full time trader. My available time is from 7.00pm to 12am daily (GMT+8). Based on this time period, I think I should use day trading but not sure which time chart should be used - 1 min, 5 min, 15 min?

GS? That wouldnt happen to be your employer would it? A well known bank by chance?

The TP and SL are depends on your risk management, I can only give the market direction, because everyone have their own risk management and their risk taker, so can’t be same.

usually don’t use more than 5% risk. TP and SL don’t more than 1:2 , ideally 1:1 or 2:1 or more. (example: TP: 100, SL: 50 , or TP: 100 SL: 100).

time chart (time frame/TF) is not effect with the market direction, and also TF is depends on your strategy. all time frame are good. For Day Trade usually using TF 5 to Daily.

Time Frame is functioned to read the chart only (last movement, or past time).

keep watching the fundamental, because only news that can make the market move (80%) :slight_smile:

:slight_smile:
you can leave a private message to me for more information

thanks

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Daily Forex Predictions for Nov 11, 2009
(update: 11:02am GMT+7)

EUR/USD
It is complicated, and seems to move zig zag or sideways today. If it is moving then We predict that it would go up to around 1.5050 or even 1.51. Looking for the best price to enter Buy, may be at around 1.4950.
(Current Price: 1.4982)

GBP/USD
It is also complicated. But we predict that it is more likely to go up to around 1.68 or may be 1.69, and after that, it might have potentially to go down.
(Current Price: 1.6721)

(…)

Enjoy!

James
GS

Daily Forex Predictions for Nov 12, 2009
(update: 10:04am GMT+7)

EUR/USD
From around 1.4970, it is more likely to go up to around 1.5050 or may be 1.51, and after that it might have potentially to go down.
(Current Price: 1.5005)

GBP/USD
It is more likely to go up to around 1.6670 or even 1.67, and after that, it might have potentially to go down.
(Current Price: 1.6603)

(…)

Enjoy !