Predictions June 23 – 27, 2008

I’m not expecting QUITE as amazing of results as last week, simply because the indicators are a bit muddled this week. After you make 46% in one week and the next week’s signals are mixed, you’re probably safe to take the week off. But here we never rest! So the predictions will continue…

With the continuing pattern of uncertainty in my choices this week, I really don’t recommend using T/P lines this week at all. This week is a purely “buy and hold” move, although I have provided T/P ranges for information purposes, more where I anticipate to end the week than anything else.

EURUSD 1.5625 – Buy. T/P between 1.5700 and 1.5800
Kind of iffy… I would not recommend trading this pair this week, it really looks like it’s starting to turn downwards despite indicators. OH WELL.
D – Up
4H – Down
15- Up

USDJPY 107.25 – Sell. T/P between 106.65 and 104.60
D – Down
4H – Oversold
15- Up

USDCHF 1.0341– Sell. T/P 1.0240
D – Down
4H – Down, almost done
15- Down/mixed

USDCAD 1.0168 – Sell. T/P around 0.9900 (IF it breaks through 101.25 there is no stopping it.)
D – Down
4H – Up
15- Down

AUDUSD 0.9538 – Sell. T/P 0.9400
Another risky one, I would probably avoid trading this as well.
D – Up
4H – DOWN/overbought
15- Sideways/down

GBPUSD 1.9764 – Sell. T/P 1.9500
I have a feeling that strong trend changes are messing with the indicators and this is a bad idea as well.
D – Up
4H – Down
15- Down

~ by yarcofin on June 22, 2008.