rufffen XAU spot gold and majors trades

[rufffen]

Some trade ideas and direction for trading next week:

add new item (GBP CHF)

GBP CHF - SHORT
GBP JPY - SHORT
EUR JPY - SHORT
EUR CAD - SHORT
EUR USD GBP USD / will decide on market close

exact SL TP entry levels will be posted over weekend, as usual.

[rufffen]

EUR JPY 2 hour update.

I checked weekly zones, apparentyly EUR JPY has entered weekly resistance zone, and there are other strong resistance lines that have not been breached, so what I suggest you do is:

SHORT EUR JPY IF 1 hour candle closes below 163.00 - tight SL 30 pips TP 161.20. targeting 160 pips move here.

[rufffen]

EUR USD update

Break below 5840 next target is 5760 and then 5700, enter on break below 5840 SL 40 pips.

[rufffen]

Update on #135 GBP JPY. Take profits now (+200 pips). Close before UK.

[rufffen]

update: EUR USD TP hit + 80 pips

[rufffen]

updated weekly total:
815 pips per one lot

update April total:
1180 pips per one lot

If you followed this thread this week enjoy a happy weekend, you deserve it!

That's it for me this week.

[rufffen]

GBP JPY 4 hour chart update

Since we had amazing volatility on this pair today (500 pips movement), Im looking to short at approx 209.40-80 area for 600-800 pips profit.

DO NOT just jump this trade this week, wait for my weekend analysis and enter only after confirmation.

Im posting GBP JPY 4 hour spectral forecast, which clearly points to further downside on this pair. Please stay tuned, I think next week will be very good for position trading.

Forecasted movement is the green curve. This is not curve fitting!

Generally speaking, April and March are ranked 3rd and 4th in terms of volatility on the FX markets, 1st and 2nd are November and February respectively.This is an important observation, since it effects trading returns and should be reflected in MM and trading strategy rules.

[rufffen]

WEEKLY ZONES UPDATE WITH HIGH/LOW PROJECTIONS
April21 - April25 2008

+ added new pair - GBP CHF

CURRENCY	EUR/USD	GBP/USD	USD/JPY	GOLD	DJI	GBP CHF	EUR/CAD	EUR/JPY	GBP/JPY	ACTION
SUP ZONE2
A1	1.5464	1.9307	97.41	859	11814	1.8909	1.5367	155.34	189.46	BUY1
A	1.5567	1.9460	98.95	877	12051	1.9250	1.5533	157.36	193.67
SUP ZONE1
B1	1.5670	1.9613	100.48	895	12288	1.9592	1.5700	159.38	197.87	BUY2
B	1.5702	1.9660	100.96	901	12362	1.9697	1.5751	160.01	199.17
RES ZONE1
D	1.5972	2.0060	104.98	948	12983	2.0591	1.6186	165.30	210.17	SELL2
D1	1.6004	2.0107	105.45	953	13056	2.0697	1.6237	165.92	211.46
RES ZONE2
E	1.6107	2.0260	106.99	971	13293	2.1038	1.6403	167.94	215.67	SELL1
E1	1.6210	2.0413	108.52	989	13530	2.1380	1.6570	169.96	219.87
WEEK HIGH forecast 1	6035	2.0190	106	957	13182	2.0864	1.6273	166.95	213.50
WEEK HIGH forecast 2	5900	1.9990	104	933	12871	2.0420	1.6055	164.30	208.00
WEEK LOW forecast 1	5630	1.9590	100	886	12250	1.9523	1.5620	159.00	197.00
WEEK LOW forecast 2	5765	1.9790	102	910	12561	1.9970	1.5838	161.65	202.50