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Archive for February, 2009

GBPForex Prediction February 27, 2009

Posted on February 27th, 2009 5 Comments

GBP forex Technical Outlook

It may attempt a test higher to 1.435 after which weakness may set it to a drift down to below 1.4189 limit.

- weekly : trend up

R3 : 1.4510

R2 : 1.4425

R1 : 1.4372

Pivot : 1.4287

S1 : 1.4201

S2 : 1.4149

S3 : 1.4063

Today prediction range Gbp/Usd : 1.4150-1.4400

Other Technical Outlooks

EUR-USD	stand aside

USD-CHF	While above 1.162 – 1.1583 zone a corrective upmove could test 1.1687 or 1.1717. After which it should resume its downtrend.

USD-JPY	A correction down to 97.65 folowed buy a mouve up to 98.62 or 99.05. A break above 99.58 would accelerate this bullish move.

EUR-JPY	Currently uptrend should end around 126.37 – 126.47 area. A correction down to below 124.21 is expected. A rise above 127.4 will abort the expected correction.

AUD-USD	While below 0.6496 or 0.6514 it could fall towards below 0.644 or 0.6405. After which a corrective/consolidation activity is expected.

USD-CAD	It looks set for gains to above 1.2611. Supports at 1.2467 and 1.2503. A break of 1.2430 will damage this bullish structure.

EUR-CHF	Market should go down to 1.4818 – 1.4789 area .If this crucial support zone holds it should resume higher to 1.4875 – 1.4892 zone.

EUR-GBP	Current move should be supported in 0.8883 zone for a rise to above 0.9027. A break below 0.8801 opens the way down.

	S3	S2	S1	P	R1	R2	R3
EUR-USD	1.2618	1.2666	1.2697	1.2745	1.2794	1.2825	1.2873
USD-CHF	1.1522	1.1573	1.1605	1.1655	1.1706	1.1738	1.1789
USD-JPY	96.77	97.31	97.64	98.17	98.71	99.04	99.57
AUD-USD	0.6404	0.6439	0.6461	0.6496	0.6530	0.6552	0.6587
USD-CAD	1.2321	1.2390	1.2433	1.2503	1.2572	1.2615	1.2685
NZD-USD	0.5047	0.5066	0.5077	0.5096	0.5114	0.5126	0.5144
GBP-JPY	136.87	138.18	138.99	140.30	141.61	142.42	143.72
EUR-GBP	0.8800	0.8843	0.8870	0.8913	0.8956	0.8983	0.9026
EUR-JPY	122.87	123.73	124.26	125.13	125.99	126.53	127.39
EUR-CHF	1.4768	1.4801	1.4821	1.4854	1.4887	1.4907	1.4940

Tags: 2009, February, gbpforex, Prediction

GBPForex signal for GBP-USD February 24, 2009

Posted on February 24th, 2009 3 Comments

Signal for GBP-USD

Buy limit at 1.4550 for TP : 1.4600

and

SELL limit at 1.4630 for TP : 1.4600

Have nice tradings

Tags: 2009, February, gbp usd, GBPForex Signal

GBPForex Prediction February 24, 2009

Posted on February 24th, 2009 No Comments

GBP forex Technical Outlook

Resistances lie around 1.4574 and 1.4803. It should test lower towards 1.4345 zone. A clear break of 1.4433 would be bearish.

- weekly : trend up

R3 : 1.4801

R2 : 1.4687

R1 : 1.4617

Pivot : 1.4504

S1 : 1.4390

S2 : 1.4320

S3 : 1.4207

Today prediction range Gbp/Usd : 1.4400-1.4650

Other Technical Outlooks

EUR-USD	There are initial signs of a good corrective recovery towards 1.2843 or even 1.2893. Supports at 1.2693 and 1.2593 zone.

USD-CHF	It may attempt a test higher to 1.1692 after which weakness may set it to a drift down to below 1.1533 limit.

USD-JPY	It should trade higher to 95.45 while 94.1 or 93.69 offers support. Stop loss below 93.27 zone.

EUR-JPY	Resistances lie around 121.02 and 123.23. It should test lower towards 118.8 zone. A clear break of 119.25 would be bearish.

AUD-USD	It looks more likely that it would rise to above 0.6483 or 0.6509 from 0.641 or 0.6364. After which a downside move to below 0.6311 is expected.

USD-CAD	It should test 1.2598 area after which a sell off down to 1.2387 or extended to 1.227 area is expected.

EUR-CHF	While below 1.4816 or 1.4855 it could fall towards below 1.4776 or 1.4718. After which a corrective/consolidation activity is expected to 1.4884 zone.

EUR-GBP	Market should meet resistance at 0.8806. We expect then an extended move down to 0.8733 -0.8631 area.

	S3	S2	S1	P	R1	R2	R3
EUR-USD	1.2492	1.2607	1.2677	1.2792	1.2907	1.2977	1.3092
USD-CHF	1.1379	1.1469	1.1524	1.1614	1.1704	1.1759	1.1849
USD-JPY	91.91	92.74	93.26	94.10	94.93	95.45	96.29
AUD-USD	0.6309	0.6364	0.6399	0.6455	0.6510	0.6545	0.6601
USD-CAD	1.2369	1.2346	1.2393	1.2469	1.2546	1.2593	1.2669
NZD-USD	0.4990	0.5034	0.5062	0.5106	0.5151	0.5179	0.5223
GBP-JPY	131.31	133.47	134.60	136.62	138.67	139.93	141.97
EUR-GBP	0.8626	0.8694	0.8735	0.8803	0.8870	0.8912	0.8979
EUR-JPY	117.50	118.59	119.26	120.35	121.44	122.12	123.21
EUR-CHF	1.4716	1.4769	1.4801	1.4854	1.4906	1.4939	1.4991

Tags: 2009, February, gbpforex, Prediction

How do Top Traders Trade ?

Posted on February 23rd, 2009 No Comments

Want to do it like the professionals and profit from the stock market? Here are the secrets of the world’s legendary investors.

1. Benjamin Graham � Markets always over-react

Ben Graham was the father of investment analysis. While working in Wall Street in the 1930s and 1940s he invented many of the rules of thumb which are still widely applied today, and backtested them on historical stock market data.

He was the real pioneer of value (as opposed to growth) investing, producing accurate ways of measuring when stocks are cheap and therefore worth buying. His techniques pre-dated the days of computer stock screeners, but being purely quantitative they work beautifully with them.

However, one of his most appealing ideas was imaginative rather than scientifically rigorous. It concerned a fictitious stock market partnership that every individual investor is in, with a moody but persuasive lunatic called Mr Market.

This individual would arise each day in either a crazily optimistic mood, during which he would offer to buy out all your shares, or a black depression, in which he wanted to dump his shareholdings on you. Graham�s contention was that rather than being tainted by these moods and being miserable or happy with him, you should eventually yield to his suggestions.

So that means selling your shares when the market is full of optimism, and buying when the market is miserable. Graham showed that this contrarian position is the best way of exploiting market over-reaction.

2. Warren Buffett � Don�t buy what you don�t understand

There is no investor more frequently quoted than Warren Buffett, and it would be pretty easy to fill dozens of articles with his pithy sayings. However, it is what he has done rather than said that is the most amazing.

Buffett, a down-to-earth septuagenarian from provincial Omaha, Nebraska turned an original stock market investment of $100 in 1954 into $20 billion by 2002. He has followed many of the precepts of Benjamin Graham, but developed plenty of his own. Perhaps the most astounding of these is his ability to stand aside from a booming market, forgoing considerable profits, just because he didn�t understand what was driving prices.

In 1969 he did just that, winding up his partnership after 13 years of 30% compound growth. According to John Train�s book, The Midas Touch, Buffett told his partners: “I am out of step with present conditions�I will not abandon a previous approach whose logic I understand� in order to embrace an approach which I don�t understand…”

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Tags: Top Traders, Trade

GBPForex Free Forex Prediction February 19, 2009

Posted on February 19th, 2009 2 Comments

GBP forex Technical Outlook

Difficult to predict the next move. If first down it should hold 1.4153 or 1.4103 to 1.4309. If first up it should face resistance in 1.4256 – 1.4309 zone to 1.4103 zone

- weekly : trend up

R3 : 1.4406

R2 : 1.4327

R1 : 1.4279

Pivot : 1.4200

S1 : 1.4122

S2 : 1.4074

S3 : 1.3995

Today prediction range Gbp/Usd : 1.4070-1.4330

Other Technical Outlooks

EUR-USD	It may meet resistance in 1.253 – 1.2561 zone for a drift down to 1.2437 zone, after which bounce to 1.2585 is anticipated.

USD-CHF	Current upmove should be ended around 1.1856 – 1.1929. Any correction consolidation should find support in 1.1753 – 1.1717 zone.

USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 94.54 or 95.15 if support around 93.28 hold. After which a pullback to 93.28 – 92.94 zone is possible.

EUR-JPY	It should trade higher to 118.39 while 117.17 or 116.74 offers support. Stop loss below 116.31 zone.

AUD-USD	It is likely to attempt to below 0.6280 while below 0.6371 – 0.6379 area. Rise above 0.6424 would dampen this bearish expectation.

USD-CAD	Strength can extend to 1.2633 or even higher than 1.2667 as declines are expected to find support at 1.2571 or 1.2542. A fall below 1.2474 could turn it bearish.

EUR-CHF	It should see a sell off to below 1.4695 while 1.4769 area curtails its upside. A break beyond 1.4838 will abort the downside.

EUR-GBP	Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.8795 or 0.8769. Major support is clustered around 0.8734 limit.

	S3	S2	S1	P	R1	R2	R3
EUR-USD	1.2434	1.2483	1.2513	1.2561	1.2610	1.2640	1.2688
USD-CHF	1.1578	1.1645	1.1686	1.1753	1.1819	1.1861	1.1927
USD-JPY	91.41	92.12	92.56	93.27	93.98	94.42	95.13
AUD-USD	0.6278	0.6316	0.6339	0.6377	0.6415	0.6439	0.6477
USD-CAD	1.2473	1.2521	1.2551	1.2599	1.2647	1.2676	1.2724
NZD-USD	0.5034	0.5103	0.5146	0.5215	0.5284	0.5326	0.5395
GBP-JPY	128.36	129.17	129.66	130.46	131.27	131.76	132.06
EUR-GBP	0.8850	0.8875	0.8890	0.8915	0.8940	0.8955	0.8980
EUR-JPY	115.82	116.24	116.51	116.93	117.36	117.62	118.05
EUR-CHF	1.4804	1.4819	1.4829	1.4844	1.4860	1.4869	1.4885

Tags: 2009, February, Free Forex Prediction, gbpforex

GBPForex Prediction February 17, 2009

Posted on February 17th, 2009 19 Comments

GBP forex Technical Outlook

Market should hold major support at 1.4124 before rising towards 1.4360 or even 1.4424 limit.

- weekly : trend up

R3 : 1.4422

R2 : 1.4358

R1 : 1.4318

Pivot : 1.4540

S1 : 1.4191

S2 : 1.4151

S3 : 1.4087

Today prediction range Gbp/Usd : 1.4120-1.4375

Other Technical Outlooks

EUR-USD	It should test higher than 1.2843. Entry point are at 1.2765 and 1.2745. A break of 1.2687 is bearish.

USD-CHF	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.1707 or under 1.1580 limits.

USD-JPY	There are initial signs of a good corrective recovery towards 91.91 or even 92.07. Supports at 91.58 and 91.42 zone.

EUR-JPY	It should test 118.22 area after which a sell off down to 116.80 or extended to 116.14 area is expected.

AUD-USD	Current fall is near an end of wave around 0.6447 – 0.6491 zone, a rally should then procede to above 0.6521 or 0.6536. Fall below 0.6441 would cancel this scenario.

USD-CAD	Resistances lie around 1.2457 and 1.2529. It should test lower towards 1.2385 zone. A clear break of 1.2395 would be bearish.

EUR-CHF	It may meet resistance in 1.4845 – 1.4867 zone for a drift down to 1.4779 zone, after which bounce to 1.4886 is anticipated.

EUR-GBP	Downtrend is still intact.It should continue to fall to 0.894 or 0.8916 if resistance at 0.8963 area doesnt break . Direct rise above 0.8963 could turn the picture bullish for a corrective up move to 0.8983 or even 0.9002 limit .

	S3	S2	S1	P	R1	R2	R3
EUR-USD	1.2686	1.2724	1.2747	1.2784	1.2822	1.2845	1.2883
USD-CHF	1.1501	1.1549	1.1579	1.1627	1.1676	1.1705	1.1753
USD-JPY	91.09	91.34	91.49	91.74	91.99	92.14	92.39
AUD-USD	0.6441	0.6465	0.6480	0.6505	0.6529	0.6544	0.6568
USD-CAD	1.2333	1.2371	1.2394	1.2432	1.2470	1.2493	1.2531
NZD-USD	0.5119	0.5145	0.5161	0.5186	0.5212	0.5228	0.5253
GBP-JPY	128.89	129.58	130.02	130.71	131.41	131.84	132.54
EUR-GBP	0.8875	0.8908	0.8928	0.8961	0.8994	0.9014	0.9047
EUR-JPY	116.01	116.47	116.76	117.23	117.69	117.98	118.44
EUR-CHF	1.4768	1.4806	1.4829	1.4866	1.4903	1.4927	1.4964

Tags: 2009, February, gbpforex, Prediction

When Currencies Move Against You

Posted on February 15th, 2009 No Comments

The challenge of forex trading is greatest when a trader has put on a position and it has moved the other way. The response to adversity is the true test of your grit and intellect. To help in such trying times, this column is dedicated to offering a few strategies for when the losses are piling up. Here are the traditional methods of limiting losses:

Stop losses:

Stop losses put in place passive controls. When you enter a position, you can put on a stop loss. One rule for stops is when buying, for example, you would put on a stop at the previous low or support point. When selling, you would put on a stop loss at the previous high or resistance point. This enables control against extreme moves. It doesn�t guarantee precise control because, depending on your broker, most stops become market orders when touched. In an extreme move, your stops will be touched and the actual fill price can be far away. A negative feature of stops is recent support and resistance points often dictate that they are placed close to the market, causing the stops to be frequently hit. Many experience getting stopped and in minutes watch the market move in the direction they originally expected.

Stop loss and reverse:

In this variation, you place your buy or sell entry and put on your stop with an extra lot. For example, buy one euro at 86.50 and sell two euros at 85 95. This strategy keeps you in the market and reverses your position. It doesn�t stop the possibility of the market whipsawing back the other way, of course.

No stops. Put on your position and leave it alone. This strategy lets the market work. There are two disadvantages: A) When the market moves violently, you are stuck on the wrong end. B) Your stomach lining is put to a test. Few people can look at a position long that reminds them of losses. The advantage is that currencies oscillate in time and have a wide range. If you are focused on a longer time frame, the price will tend to stay in the trend direction that is dominant.

Hedging:

Fortunately, there are alternatives to these strategies. Traders are not limited to these three choices. We call this new risk management technique Simultaneous Buying and Selling or hedging. This is possible at some e-forex firms. “There are several reasons why having a hedge position is so practical to our clients,” Plaut says. “The first is the psychological benefit of always being involved in the market. Even though the position is hedged and the client cannot lose money due to an adverse market move, he is still emotionally involved in the market and can adjust the hedge according to how the marketing is evolving. The second is the ability to stay involved in the market during a range-bound market. This tool helps the trader avoid whipsaws, which is one of the traders� worst enemies. ”

In this strategy you enter a position and if it moves against you, you enter an opposite position. They will not cancel each other out. The buy entry position appears with the sell entry position on the account. What this does is, in effect, freezes the action and allows the trader to manage the risk slowly. Say, for example, the buy side is moving into profitable territory. You would leave the sell side alone and add to the buy side. Invariably, the market moves back and then the sell side can be traded when it becomes profitable.

The power of this approach is that it allows the trader to evaluate market conditions and not be slave to those conditions. It is up to the trader to decide how to balance each side.

A full hedge is possible where both the buy and the sell sides have the same positions. This freezes the P&L. It does not freeze the positions. If a profit on one side quickly appears, it can be closed and booked. You can add more to one side and favor one direction over the other.

One of the best applications of this technique is during a trading-range pattern. When there is no clear way to go, put on both a buy and a sell and let the market come to you. To make this work, you need a lot of intestinal fortitude!

While not foolproof, the ability to be on both sides of the market, at the same time is a tool that is rarely used, but likely can be exploited for more profits by most traders.

Incoming search terms for the article:

foolproof forex

Tags: Hedging, stop loss

GBPForex prediction February 13, 2009

Posted on February 13th, 2009 5 Comments

GBP forex Technical Outlook

Current fall is near an end of wave around 1.4016 – 1.4249 zone, a rally should then procede to above 1.4341 or 1.4409. Fall below 1.3995 would cancel this scenario

- weekly : trend up

R3 : 1.4551

R2 : 1.4444

R1 : 1.4378

Pivot : 1.4271

S1 : 1.4164

S2 : 1.4098

S3 : 1.3991

Today prediction range Gbp/Usd : 1.4100-1.4440

Other Technical Outlooks

EUR-USD	It should test 1.2918 area after which a sell off down to 1.2740 or extended to 1.2619 area is expected

USD-CHF	There are initial signs of a good corrective recovery towards 1.1710 or even 1.1789. Supports at 1.1597 and 1.1557 zone

USD-JPY	It should trade higher to 91.43 while 90.62 or 90.38 offers support. Stop loss below 90.14 zone.

EUR-JPY	Market should hold major support at 115.37 before rising towards 117.78 or even 118.59 limit

AUD-USD	It should trade higher to 0.6616 or above 0.6708 in extention. Supports at 0.6478 and 0.6524. Stop loss below 0.6432 zone

USD-CAD	Preferred view is for a fall to below 1.2365 while 1.2438 – 1.2457 area resists. A clear break of 1.2529 would be bullish

EUR-CHF	It should trade higher to 1.4998 or above 1.5036 in extention. Supports at 1.4917 and 1.4936. Stop loss below 1.4898 zone

EUR-GBP	While below 0.9077 it is more likely to fall further towards 0.8981 or 0.8950 zone

	S3	S2	S1	P	R1	R2	R3
EUR-USD	1.2620	1.2705	1.2757	1.2842	1.2926	1.2978	1.3063
USD-CHF	1.1481	1.1539	1.1576	1.1635	1.1693	1.1730	1.1789
USD-JPY	89.32	89.81	90.12	90.61	91.11	91.41	91.99
AUD-USD	0.6337	0.6408	0.6452	0.6522	0.6593	0.6637	0.6707
USD-CAD	1.2290	1.2353	1.2392	1.2455	1.2519	1.2558	1.2621
NZD-USD	0.5034	0.5103	0.5146	0.5215	0.5284	0.5326	0.5395
GBP-JPY	125.91	127.09	127.81	128.99	130.16	130.89	132.06
EUR-GBP	0.8883	0.8931	0.8961	0.9010	0.9058	0.9088	0.9137
EUR-JPY	114.08	114.93	115.46	116.32	117.17	117.70	118.56
EUR-CHF	1.4833	1.4872	1.4895	1.4934	1.4972	1.4996	1.5034

Tags: 2009, February, gbpforex, Prediction

How To Read Forex Charts

Posted on February 10th, 2009 3 Comments

Want to know how to read forex charts?

It�s easier than you think once you understand the 5 things you must know about forex charts. This article provides all the tricks and tips you need to do this properly.

Learning the basic skills in forex, such as how to read forex charts is really important.

This is because once you have this vital skill under your belt, it will be a lot easier and quicker when the time comes for you to learn and practice an actual forex trading system.

By the time you finish this article, you’ll learn how to read forex charts, as well as know the pitfalls that can occur when reading them, especially if you haven’t traded forex before.

Firstly, let’s revise the basics of a forex trading as this relates directly to how to read forex charts.

Each currency pair is always quoted in the same way. For example, the EURUSD currency pair is always as EURUSD, with the EUR being the base currency, and the USD being the terms currency, not the other way round with the USD first. Therefore if the chart of the EURUSD shows that the current price is fluctuating around 1.2155, this means that 1 EURO will buy around 1.2155 US dollars.

And your trade size (face value) is the amount of base currency that you’re trading. In this example, if you want to buy 100 000 EURUSD, you’re buying 100 000 EUROs.

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How To Buy Foreign Currency For Investment, currency prediction charts, forex charts, how to read eurusd, how to read forex chart, how to read macd chart, how to read stock resistant & support chart, macd forex, reading forex charts

Tags: Forex Charts

GBPForex Prediction February 10, 2009

Posted on February 10th, 2009 9 Comments

GBP forex Technical Outlook

While below 1.5021 it is more likely to fall further towards 1.48 or 1.4738. Premature rise above 1.5021 could see it rising above 1.5145 zone

- weekly : trend up

R3 : 1.5145

R2 : 1.5036

R1 : 1.4969

Pivot : 1.4861

S1 : 1.4753

S2 : 1.4686

S3 : 1.4578

Today prediction range Gbp/Usd : 1.4760-1.5029

Other Technical Outlooks

EUR-USD	While below 1.3106 it is more likely to fall further towards 1.2939 or 1.2887. Premature rise above 1.3106 could see it rising above 1.3209 zone

USD-CHF	It should test 1.1745 area after which a sell off down to 1.1536 or extended to 1.1431 area is expected

USD-JPY	Current move should be supported in 91.18 zone for a rise to above 93.11. A break below 90.07 opens the way down

EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 119.68 or 121.63 if support around 118.68 hold. After which a pullback to 118.68 – 118.01 zone is possible

AUD-USD	Current upmove should be ended around 0.688 – 0.6975. Any correction consolidation should find support in 0.6754 – 0.6707 zone

USD-CAD	It should register further gains to 1.2271 while 1.2104 caps downside attempts. Stop loss below 1.2034 zone

EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5178 or 1.5257 if support around 1.5093 hold. After which a pullback to 1.5093 – 1.5063 zone is possible

EUR-GBP	One more dip to 0.8678 or 0.863 is likely followed by a grind higher to above 0.8753 or 0.8828. After which it can resume its downtrend

	S3	S2	S1	P	R1	R2	R3
EUR-USD	1.2771	1.2855	1.2906	1.2990	1.3073	1.3125	1.3208
USD-CHF	1.1431	1.1498	1.1539	1.1607	1.1674	1.1715	1.1783
USD-JPY	90.05	90.63	91.00	91.58	92.16	92.52	93.11
AUD-USD	0.6533	0.6617	0.6670	0.6754	0.6839	0.6891	0.6975
USD-CAD	1.2032	1.2096	1.2135	1.2199	1.2264	1.2303	1.2367
NZD-USD	0.5154	0.5231	0.5279	0.5357	0.5434	0.5482	0.5560
GBP-JPY	132.00	133.42	134.29	135.71	137.13	138.01	139.43
EUR-GBP	0.8629	0.8667	0.8690	0.8728	0.8765	0.8789	0.8826
EUR-JPY	115.72	116.84	117.54	118.67	119.79	120.49	121.61
EUR-CHF	1.4928	1.4980	1.5029	1.5091	1.5154	1.5192	1.5255

Tags: 2009, February, gbpforex, Prediction

gbpforex.com

Archive for February, 2009

GBPForex Prediction February 27, 2009

GBPForex signal for GBP-USD February 24, 2009

GBPForex Prediction February 24, 2009

How do Top Traders Trade ?

GBPForex Free Forex Prediction February 19, 2009

GBPForex Prediction February 17, 2009

When Currencies Move Against You

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GBPForex prediction February 13, 2009

How To Read Forex Charts

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GBPForex Prediction February 10, 2009

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