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What is the direction of highest probability today? (21/10/09)

Posted 10-21-2009 at 01:05 AM by Johan Kriek
by Johan Kriek (jkriek@fxinstructor.com)

Key event for today:

08:30 GMT – BoE releases October meeting minutes

Probability Studies:



Direction of Highest Probability: BULLISH
60 minute trend support:
Bearish Probability below:
Significant support:
Significant resistance:



Direction of Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

...
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What is the direction of highest probability today? (20/10/09)

Posted 10-20-2009 at 01:42 AM by Johan Kriek
by Johan Kriek (jkriek@fxinstructor.com)

Key events:

- US inflation figures in the form op PPI at 12:30GMT

Key notes:

- Price is consolidating across the board. If you are patient enough to wait for those breakouts you will be rewarded

Probability Studies:



Direction of Highest Probability: BULLISH
60 minute trend support: 1.4880
Bearish Probability below: 1.4880
Significant support: 1.4880
Significant resistance:none



Direction of...
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Probability Studies Recap & Outlook Next Week (19 Oct)

Posted 10-16-2009 at 11:11 AM by Johan Kriek
by Johan Kriek (jkriek@fxinstructor.com)

The US dollar was sold off vs. the majors this week. The Japanese Yen benefited hugely. Will this trend continue next week? I don’t know. The only thing I do know is that the markets are pretty mixed as of now. At this point in time the JPY, EUR and GBP are bullish against the Bucky. The only one saying “nah” is the AUD

The above scenario sketches what we will be heading into next week. Have a look at the studies below so you can use this as a benchmark. Remember to make notes of the levels where the direction of highest probability will change as it is most important to change your perspective as soon as the bias changes in order to stay ahead and trade with as little risk...
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What is the direction of highest probability today? (15/10/09)

Posted 10-15-2009 at 01:17 AM by Johan Kriek
by Johan Kriek (jkriek@fxinstructor.com)

We could see a volatile trading day today due to the following announcements:

8:00AM GMT – ECB Monthly bulletin,
9:00AM GMT – EUROZONE CPI (huge inflation figure)
12:30AM GMT – US CPI (another huge inflation figure)

Inflation and inflation expectations move markets due to the fact that it governs Interest Rates. If interest rates go higher then the underlying currency will strengthen. Keep and eye on these figures..

Probability Studies:


Direction of Highest Probability: BULLISH
60 minute trend support: 1.4830
Bearish...
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