Friday, September 4, 2009
GOLD FORECAST
The market is testing the level 977.
If the gold manages to close the current trading session above that level,
it will get to resistance 988. Otherwise, if it fails closing the session above 977
and goes below level 972 in the following session, a probability of drop to level
964 will emerge. If the gold then will get under 964, it will set its dropping target
to level 950, and further to 937.


Posted by YM : kimie601 SKYPE : dollarsmagic at 9:24 PM 0 comments
LONG ON GBP/JPY
Why I'm Still Holding Long On GBP/JPY?
1. On Daily - THV TRIX Changes to Green Below Green Line
2. ABHAFXS Also Showing UP
3. Still Waiting SEFC Bar Changes From RED to BLUE :)
Posted by YM : kimie601 SKYPE : dollarsmagic at 8:32 PM 0 comments
Friday, August 14, 2009
GBP/USD FORECAST
I Saw, I Saw Shooting Star !!!!
Yes,Yes.... I See It ............................

The inverted hammer occurs when price has been falling suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher. However, sellers saw what the buyers were doing, said “oh hell no” and attempted to push the price back down. Fortunately, the buyers had eaten enough of their Wheaties for breakfast and still managed to close the session near the open. Since the sellers weren’t able to close the price any lower, this is a good indication that everybody who wants to sell has already sold. And if there’s no more sellers, who is left? Buyers.
The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising. Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom. This means that buyers attempted to push the price up, but sellers came in and overpowered them. A definite bearish sign since there are no more buyers left because they’ve all been murdered.

H4, Daily & Weekly



Posted by YM : kimie601 SKYPE : dollarsmagic at 11:57 PM 0 comments












