ASSALAM O ALEIKUM my dear fellows


first of all thanx to ALLAH

by the grace of ALLAH yesterday our all targets reached successfully


today euro trend is bullish


but i think it is on 1.3125 and so thats why it can drop again to 1.3030

listen!!!!!

  • it,s support Line is 1.3104 now and resistance one is 1.3170
  • if it break 1.3170 then it can touch 1.3280 but if it break 1.3104
  • then it can again touch 1.3030 

today we have data from EU and i think on those data EU can move more up

but no problem we can make our 30 pips before that data.

and my is advise is to wait because i think in h1 EU is again making M

but in h4 EU is trying to changing trend

and i think EU can move with in 1.3170 and 1.3104

because i think EU need to complete it,s big wave to upwards

after this it will make a new big wave to again to downwards.

by my side i,will wait for breakege of these targets 1.3104 and 1.3180

  1. for scallpers it,s very good market to trade
  2. long term traders are already entered in it
  3. day traders can make small moves and get there profit
  4. swing traders wait for breaking of those targets 

targets:

for long 1.3090 SL 1.3070 TP 1.3110

for short 1.3080 SL 1.3130 TP 1.3030


GOLD


trend is mixed


gold move is not clear for today


short is not good for today untill it break 1642 and do not long untill it break 1652


listen!!! do not forget take and run


gold support 1 is 1642 and resistance 1 is 1652
if it break 1642 then short for 5 points and if it break 1652 then long for 5 points

my advise for today


market will confusion untill he have those data
and today just take and run rule is open

                                                     good luck traders

Views: 406

Comment by Uschi on January 8, 2013 at 8:54am

good morning hussain, nice new forecast, thank you so much for inviting me to skype, maybe one day i will come back to this, atm i don´t use skype as i have such a bad internet connection

Comment by kamdi eloji on January 8, 2013 at 10:11am

morning hussain , just saw the news the data is totally flat unemployment basically the same and i really dont think there will be much movement upwards even if there is the target will still be 3170 ?

Comment by Stephano on January 8, 2013 at 10:29am
Hello Husain, I agree with this sentiment, on the higher tf there should be another wave up before big down trend, but I think actually this will be a kind of fake and last wave will be trick lower than current high, so high already set, so we see next move.
Yes take and run, oh I was on good profit on Friday but forgot to take, letting it all go again Monday, it is difficult skill to learn or to sit and wait
Comment by Hussain malik on January 8, 2013 at 12:38pm

thans ischi ok no problem if you dont have skype

Comment by Hussain malik on January 8, 2013 at 12:46pm

morning kamdi soryy for late reply i was out of electricity 

i dnt think it will go to 3170 i gave that target for those data and a you seen those data did not effect to much on EU as i wrote 3104 is the support and it is moving on it,s support actualy EU wanted to go downwards by sellers but those data hold it here today now wait for american session if EU will success to break this suupport then it can go to 1.3030 but if EU hit 1.3150 then it will go to 1.3170 now 3170 is not our target look eu is break that support and going down 

Comment by Hussain malik on January 8, 2013 at 12:47pm

thanx stephano and i,m agree by you 

Comment by Hussain malik on January 8, 2013 at 3:28pm

gold target reached 

Comment by Amjad Siddiqui on January 8, 2013 at 6:20pm

hi hussain  nice gold prediction for today... whats ur skype id?

Comment by Krzysztof on January 8, 2013 at 7:09pm

Hi Hussain!  I'm read your blog from few weeks and I have respect for your targets. You are really good. What is your favorite indicator?  

Comment by Hussain malik on January 8, 2013 at 7:44pm

thanx amjad my skype id is m.hussain7774

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