Why I longed GY 150 Pips:
Out of the night that covers me,
Black is the pit from Pole to Pole,
I thank whatever Gods may be,…Continue
Hi traders. Enjoy this week's free video! Fresh look at equity markets,
most traded pairs, price action signals and charts! Learn to trade price action and read charts. No silly indicators, no messy charts, no crazy setups!
The EURUSD continued to maintain its bearish momentum the past few days after rejection from 1.3318 levels, pressure now will be on the key support 1.3017 ,EURUSD will have to hold below 1.3017 on a 4 hour closing basis to push the market for further downside loses if seen this scenario could push the market further lower towards the 1.2875 levels, where a breach will turn focus on the 1.2735 levels, at this point I'd expect downside to be contained above 1.2735 levels to bring another…Continue
I promised to explain to Jasmine about why the idea of her trading strategy with a RR of just 1 and a success rate of 70% could be improved and optimised.
Please don't think that with 70% win ratio an RR of just 1 you cannot make money - as long as your MM is good - you will make money - BUT - you can make a lot more and improve it.
At the moment from what I understand Jasmine looks for a target on a trade opportunity and gives approx the same amount of pips as a stop - as the…Continue
I see EUR ready for long from here with a tiny stop lose , as the double bottom have to set here , anyway , this correction wave have to take us at least to 1.3410 , take care there because the big guys will short from our target , wishing u all a happy trade , good…Continue
Added by Walid H Mohamed on February 28, 2013 at 9:50pm — No Comments
Crude has broken out of 7 day balance area it has been into.
currently sitting at 91.675 as I am wiritng this post, which is a key point – Due to last week´s beahaviour
I´m working towards the scenario of a big move in either direction.
To the downside, I´m looking into $91.50, followed by $91, $89.95, $89.75 & $89.30
To the upside, I would like to see $92.75 regained. Then, I will be looking into $92.90, $93.15 &…Continue
Added by Demian Pack on February 28, 2013 at 7:49pm — No Comments
You can agree or disagree with their conclusions..., but for me, this is a brilliant piece of analysis... Bravo for HSBC!
An excellent article, I 've added some color to it to make it an easy and interesting read.
The dreaded sequestration is upon us! The world is ending! Run away! — and Markets scream…Continue
1595 & 1590 as important points for price to recover.
For longs I would be starting to become wary below 1586-85, being 1581-1580 another important spot – the closer price gets there (without appropriate buying response), the closer the sellers are to push price lower. 1575. 1572, 1569 as another key point I´ll be watching.
Might sound like a tautology, but that it is what I am seeing now.…Continue
Added by Demian Pack on February 28, 2013 at 4:11pm — No Comments
Still contained within the boundaries pointed yesterday.
1.3020-1.3000 as key price point, followed by 1.2940
Added by Demian Pack on February 28, 2013 at 3:56pm — No Comments
I was discussing this topic with a fellow trader and wondered if I could get some feedback here. I trade a mathematical system and I have recently automated it so for me and my trading, emotion no longer has anything to do with it. On the other hand most people do not use automation yet which means they are forced to wrestle with the psychological side. So my question is this: Does having a mathematical edge that is automated really alleviate the psychological side of trading?
Currently we are at 1.0250 after a nice correction. We are looking now for the continuation to the support @ 1.0221 (chance of inverse head and shoulder there) with further targets at the second wave S4 @ 1.0145 area. The current average daily trading range (ATR) is 76 pips.…Continue
Added by Scott Barkley on February 28, 2013 at 2:14pm — No Comments
USDJPY gapped higher on Sunday and then reversed sharply lower on Monday during the US hours when stock market fell. As such, wave (v) was a little short but still valid because pair reached new high at 94.53 and completed black wave 3. As such, we suspect that pair is now in a three wave retracement lower in wave 4 that may reach 90.00 level. One possibility is also a flat in wave four if rally from 90.92 will be in five waves.
If wave count below is correct, then pair should reverse…Continue
Added by Gregor Horvat on February 28, 2013 at 2:12pm — No Comments
Added by Max on February 28, 2013 at 2:05pm — No Comments
Deutsche Bank - "Almost all currencies appeared to have peaked against the dollar, and the more recent rise in USD/JPY suggest the broad dollar is embarking on a multi-year uptrend. Superior US growth should support the rotation from bonds to equities that will help the dollar. Abenomics shows the scope central banks outside of the US have to weaken their currencies against the dollar. China rebalancing away from investment provides a downside risk to the China-linked currencies that have…Continue
Added by Francesc Riverola on February 28, 2013 at 12:45pm — No Comments
"• A trifecta of factors suggests the bottom of the range is likely in for AUD/USD
• These are: positive CAPEX data; RBA indifference around current AUD levels; large reserve managers holding AUD in their portfolios
• We are long AUD/NZD to reflect this view"
Added by Francesc Riverola on February 28, 2013 at 12:42pm — No Comments
Added by Sardar Uddin on February 28, 2013 at 12:12pm — No Comments
AUDUSD: Despite its attempt on the upside, AUDUSD continues to look vulnerable to the downside medium term. Support lies at the 1.0182 level followed by the 1.0150 level and next the 1.0100 level. We expect this level to hold if tested thus turning the pair lower. Conversely, AUDUSD will have to take out the 1.0374 level to reassert its corrective recovery possibly towards the 1.0457 level. Further out, resistance comes in at the 1.0598 level. All in all, the pair continues to…Continue
Added by fxtech on February 28, 2013 at 10:50am — No Comments