Thursday February 10, 2005 - 03:20:46 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected consolidate at lower levels to reverse ......
This session trend : other majors are expected to make swings and spike up moves .......
SELL OTHER MAJORS DURING FIRMING UP MOVES NEAR HIGH SET FOR THE DAY USING ADVANCE HEDGING OR TRAILING STOP OR BUY NEAR THE LOW SET FOR THE DAY TO BOOK PROFIT DURING FIRMING UP MOVE AS EITHER WAY SWING TRADES ........
SESSION WISE SWINGS:
Early Japanese session - USD will be highly volatile with spike*
Late Japanese session - highly volatile with spike* (00:30 - 07:30 GMT)
Early European session - USD will become highly volatile with spike Late European session highly volatile with spike (08:00 - 14:00 GMT)
Early US session - USD will become highly volatile with spike Late US session highly volatile with spike ( 14:30 - 21:30 GMT)
Buy/sell trade recommendations
Currency sell buy Stop/Adv. hedge
EURO/USD 1.2978 -1.3045 1.2788 - 1.2747 1.3086/1.2702
GBP/USD 1.8873-1.8935 1.8591 - 1.8556 1.9361/1.8505
AUD/USD 0.7796-0.7822 0.7743 - 0.7703 0.7865/0.7667
Previous session moves and indications:
operators are expected to make upward firming up moves ...traders will be tempted to short,but they will be trapped this time....
as we know the operators create sentiments and act against - their way of trapping the traders.....
Understanding the operators intention alone can make us to win in this game of forex trading....... the forecast gives the signals much in advance for you to understand the operators intention....
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