“You are never immune to bad trading habits – the best you can do is keep them latent. As soon as you get lazy or sloppy they will return.” Jack Schwager – Author of Market Wizards
May 21st 2014. After a prolonged period where we have traded sideways and…Continue
Added by Gary on May 21, 2014 at 10:21am — No Comments
The AUDUSD continued its bullish momentum 2 weeks ago , printed support at the 9251 levels . This development leaves the pair targeting the 0.9460 levels where a breach will turn focus on the 0.9590 levels , further upside will aim the 0.9850 levels.
On the downside , support comes at the 0.9316 levels ahead of 0.9251 ( main) , stability above support levels will keep the bullish momentum intact , however ; sustained trading – weekly closing – below 0.9251 will turn outlook neutral…Continue
Added by Haitham653 on May 19, 2014 at 6:21am — No Comments
“There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion, solidly build into human nature, that…Continue
Added by Gary on May 14, 2014 at 4:39pm — No Comments
“Trading is a business and all successful businesses need a business plan to guide decisions and operations” Peter Brandt, commodities and forex trader.
The Australian budget will be released this morning so watch out for volatility. Joe Hockey’s first budget will lay out…Continue
Added by Gary on May 13, 2014 at 9:40am — No Comments
Currently we are at 0.9371.We are looking for a continuation to the R4 area/1.270 Fibo @ 0.9436 AFTER the break of the bull flag. The average daily true range (ATR) for the pair currently is 63 pips.
Added by Scott Barkley on May 9, 2014 at 11:23am — No Comments
"We choose to go to the Moon in this decade, and do the other things, not because they are easy, but because they are hard" JFK, Rice University. September 12th 1962.
May 7th. Yesterday was quite satisfying. Equity markets are back under pressure…Continue
Added by Gary on May 7, 2014 at 8:20am — No Comments
“Victorious warriors win first and then go to war, while defeated warriors go to war first, and then seek to win”. Sun Tzu, The Art of War
May 6th 2014. I would say SPX 1800, USD/JPY 100.75 and EUR/CHF 1.2100 are those major areas you want to pay…Continue
Added by Gary on May 6, 2014 at 9:24am — No Comments
May 5th 2014. Good morning. So this week we have rate decisions from the UK and Australia, with the latter getting more attention. In Australia we also get employment data and in New Zealand the employment data is quarterly. I find AUDUSD very compelling as a short trade on a longer term perspective and will be watching the rate decision keenly. I am short.
The April US Nonfarm Payrolls report was surprising in several regards – both good and bad. The two main headline…Continue
Added by Gary on May 5, 2014 at 12:20pm — No Comments
“Victorious warriors win first and then go to war, while defeated warriors go to war first, and then seek to win”. Sun Tzu, The Art of War.
May 2nd. The market is exceptionally quiet and no doubt there is an increase in volatility around the corner but until then it is…Continue
Added by Gary on May 2, 2014 at 10:45am — No Comments
"When offered quick profits, respond with a quick no". - Warren Buffett.
April 29th. Later this week we have a lot of key economic data for the US Dollar which has been searching for a bottom of late. While we may not find the bottom for the US Dollar and…Continue
Added by Gary on April 29, 2014 at 9:18am — No Comments
Outlook in AUDUSD remains neutral with risk to the downside towards the 0.9137 levels , a break would open 0.8995 next . At this point I’d expect strong support from 0.8995/0.9137 levels to contain fall from 0.9460 levels and bring reversal , below 00.8995 will pave the way towards the 0.8889 levels before the next possible rise.
On the upside , resistance comes at the 0.9377 levels ahead of 0.9447 ( main) , stability below resistance levels will keep the pair under pressure , however…Continue
“The composite profile of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in his/her personality, and blames others when things go wrong. Such a person would not have a set of…Continue
Added by Gary on April 24, 2014 at 8:56am — No Comments
“The Trend is your friend except for the end when it bends”. Ed Sekota, Commodities Trader
April 23rd. So here we are back within a stone’s throw of all-time highs on the S&P again. The rally has been impressive and may have something to do with the fact that yield has…Continue
Added by Gary on April 23, 2014 at 10:25am — No Comments
Taken two trades on AUDUSD @ 0.93760 and GBPUSD @ 1.67765 but GBP trade hit at Break even after taken few pips but AUDUSD hit its 1st Target and moved SL @ 0.94163, lets see how it goes now, this trade taken on re-test previous low and respecting trend support line…
Added by Rocky Master on April 11, 2014 at 10:30am — No Comments
The AUDUSD continued its bullish momentum as suggested last week , reached 0.9270 levels and topped a littlie bit above this level at the 0.9295 levels . To resume the upside offensive ; 0.9295 should be taken out , If seen It will target the 0.9447 levels , a halt is strongly suggested and the pair is likely to top around this level , If this resistance fails , expect the pair to strengthen further towards the 0.9622 levels , further upside will aim the 0.9757 levels.
On the downside…Continue
Added by Haitham653 on March 31, 2014 at 6:00am — No Comments
The AUDUSD continued its bullish momentum last week , printed support at the 0.8995 levels . This development leaves the pair targeting the 0.9270 levels , a halt is likely , but break of the 0.9270 levels will turn focus on the 0.9430 levels , further out will aim the 0.9622 levels. Note that stability above the 0.9137 levels will accelerate the expected bullish move.
On the downside , support comes at the 0.8995 levels , stability above this level will keep pushing towards the…Continue
Added by Haitham653 on March 24, 2014 at 6:44am — No Comments
Currently we are at 0.9070 after the bounce north of the trend line. We are looking for a bullish continuation to the R4 .0.618 Fibo area @ 91.25. The average daily true range (ATR) for the pair currently is 110 pips.…Continue
Added by Scott Barkley on March 21, 2014 at 12:55pm — No Comments
The AUDUSD maintained a bullish momentum last week , printed support at the 0.8890 levels, broke above the 0.9085 levels . This development leaves the pair targeting the 0.9260 levels , a halt is likely , but break of the 0.9260 levels will turn focus on the 0.9447 levels , further out will aim the 0.9622 levels.
On the downside , minor support comes at the 0.8972 , stability above this level will keep pushing towards the 0.9260 levels , losing the 0.8972 levels would delay the…Continue
Currently we are at 0.8963 attempting a break of the support. If we do break, we are looking for a bearish continuation to the 0.500 Fibo area @ 0.8896-0.8914. The average daily true range (ATR) for the pair currently is 84 pips.…Continue
Added by Scott Barkley on February 21, 2014 at 1:45pm — No Comments
The AUDUSD maintained a bullish momentum last Friday , bottomed at the 0.8965 levels , and topped at the 0.9043 levels . This development leaves the pair targeting the 0.9066 levels where a breach is likely , If seen , the pair will target the 0.9150 levels , break of 0.9150 will open 0.9280 next, further out will aim the 0.9430 levels.
Alternatively , a failure to hold above the 0.9066 levels , could mean a return to the 0.8965 levels , losing the 0.8965 levels on a daily closing…Continue
Added by Haitham653 on February 17, 2014 at 8:07am — No Comments