TRADING FORK EXTREMES – 3 month Setups.

[Summerset]

Forecast for Eurodollar till end of 30/6 is attached.

U're Wlcome Ferru

[west33445]

Thanks Summerset - great stuff as always!

[zunis-myst]

Great as always, Summerset,
thank you for orientation help.

[Summerset]

Ur Welcome too Zunis - THANKS.

=========================

Because correction "B" is breaking out overall against the USD. It is wise to consider buying the issues closest to their annual low.

The Sterling is close to its annual low since begining of 2007, and is about to complete a complex correction, or breakout into a W-1- (See PDF attached).

The Trade potential is excellent at the current point, and a daily buy signal is about to be given, as early as next week.

Profitable Trading

[FerruFx]

Again thanks Summerset for these updates.

FerruFx

[Summerset]

Our Short & mid term forecasts for Eurodollar have been amended, as per attached PDF.

Profitable Trading

[zunis-myst]

Hi Summerset,
to update our (your) Eurodollar view I attach my chart and would like you to confirm if going further up and price will keep within the range of 1.5250 and 1.58 (max. 1.59) for the coming 2 weeks?

[Summerset]

Originally Posted by zunis-myst

Hi Summerset,
to update our (your) Eurodollar view I attach my chart and would like you to confirm if going further up and price will keep within the range of 1.5250 and 1.58 (max. 1.59) for the coming 2 weeks?

Hi Zunis.

My (Our) bias on Eurodollar has changed.

I expect a break downwards of the asymetric daily desending triangle showing on yr daily chart during the coming 2 weeks, to reach a target of 4930-4850 eventually. And this is where I will be re-buying Eurodollar again towards 1.60 --> 1.63 & 1.67 (all intermediate to longterm).

In the meanwhile, instead of selling Eurodollar (-ve intrest premuim), I would recomend to buy swissdollar (zero-intrest premuim) at current market prices. (1.0435-40), to target 1.0750 initally, & possibly 1.10.
I have already bought 1.0435 since 2 days ago, & keeping stops < 1.0350.

I have attached the charts of Swissdollar for this purpose, which show the rationale behind this trade.

After the swissdollar position moves into the black, I also recommend to buy Eurchf at 5860 --> target 6630. This too is a positive premuim trade, and inversely corelated with the Eurodollar.

At 4930-4850 for Eurodollar buys (if - when seen), I wiill also aim to buy Euroyen at 163.85 /164.35 --> target 172. And sterling swiss at 2.015 --> target 2.12. I am sorry I can't post them, but would urge U to take a look at them then.

I will post a complete update on the Eurodollar coming Friday. - Sorry can't post one now due to time constraints.

On my indicator the swissdollar trade is a very good trade to take. The charts are posted below.

All the best.