October 16th 2014 I Scalped Gold overnight and EURUSD too. Yesterday was a volatile day most particularly in the Indexes. As the weak retail sales number came out of the U.S yesterday I essentially threw a grid across EURUSD and scalped it for 1.14% gain. That on top of my Gold trades made for 3% yesterday.
EURUSD – We have now closed above 1.2790 on a daily basis. The clincher would be such a close on a weekly basis so two more days to go…Continue
October 15th 2014 So I’m all over Gold this morning and just closed nine open positions profitably. I’m also wondering about the potential correlation between USDRUB and EURCHF.
EURUSD – My outlook here remains largely unchanged. In the short term watch for a break below 1.26 for a continuation to multi-week lows at 1.2499. 1.2790 is last week’s high. My bias is to buy for a swing trade on a one hour close above that level.…Continue
October 14th 2014. You may have noticed my recent interest in USDRUB. I am always looking for decent set-ups but this one seems to have wider implications. What will happen if a large Russian Corporate defaults on foreign currency debt because they not longer have enough Rubles? Given the latest exchange rate that is entirely possible. What will that do to the Dollar across the board, or Gold and the Swiss Franc for that matter? Food for…Continue
October 13th 2014 Gold has once again managed to find multi-year support at $1180 for two weeks in a row. Meantime EURUSD is finally putting in weekly higher highs and looking around at many markets it feels like the dollar will finally take that breather.
EURUSD – 1.2790 is last week’s high. My bias is to buy for a swing trade on a one hour close above that level. Conversely a close below 1.2499 would…Continue