The Secret Weapons - 147.50 - 157.50 (1000 PPPA)

THE MASTERCHART - SIMPLE, PRAGMATIC AND EFFECTIVE

I thought I should draw attention to the simple, pragmatic and effective characteristics of the Masterchart. What a trade need to is develop the discipline and patience to follow every 1000 pips. If you combine this with following one weekly candle at a time, you can never miss your way. Observe how the weekly charts moved from one Masterchart level to another i.e. 120 to 130; 130 to 140 and now from 140 to 150.

This post is just a reminder in case some still don't get it! See the monthly and weekly charts for GBPJPY as at this morning.

 

MONTHLY OUTLOOK: GBPJPY

THE YEN OUTLOOK FOR APRIL 2013

The Yen pairs having reach their highest price so far in 2013 have been consolidating within a concrete zones ranging between 700-1000 points since February 2013.  These ranges have now been narrowed down to about 500 pip each as follows:

GBPJPY   -  140-145
EURJPY   -  120-125
USDJPY    -  90-95
AUDJPY   - 95-100
NZDJPY   -  75-80

The range could be seen clearly in the Monthly and weekly charts attached.

THE MASTERTRADER E-BOOK SERIES IS OUT

It is my pleasure to to inform my visitors that my online-foreign exchange (forex) e-books are out.  The books come with live training sessions via Skype.  These books contain high-quality trading techniques and do not come cheap.  Only serious traders are advised to express interest.

GBPUSD2013 Outlook

The Cable effectively traded between the Masterchart level 1.5300 and 1.6300 for most of 2012.  The bullish run which began since June 2012 is technical still intact.  The monthly candle has been consolidating between 1.6000 and 1.6300 for the last 4 months.   The monthly candle needs to close out of this 300 pips range in order to determine the long-term   direction.  Based on the fundamentals the presure appear to be to the upside. However,  the big players are capable of draging the pair back to 1.5300 to maintain the ping-pong game from between 1.5300-1.6300

If you want additional information on how to take advantage the scenerios send an e-mail to diamondstrategiks@gmail.com for a copy of the 2013 GBPUSD Strategic Trading Plan.