USDJPY is on a mission to push and keep on pushing up till reaching the highest resistance possible, and to get an idea of what USDJPY is trying to achieve on chart we need to study the Monthly TF.
Where in 1994 USDJPY started a bullish journey for 4 years from support level 80.00 reaching in 1998…Continue
Added by Tony - FXS Admin on November 20, 2014 at 12:00am — No Comments
There’s a storm brewing over EURCHF. Overnight the 1.2045 key support was breached and so the next level is both technical and fundamental/political at the SNB’s 1.20 peg. You can already sense traders out there buying EURCHF with their stops just under 1.20.…Continue
Added by Gary on November 5, 2014 at 9:56am — No Comments
Jesse Livermore 1877-1940
November 1st 2014. With the S&P closing at an all-time high we need to consider the possibility that the buck and SPX are no longer…Continue
Added by Gary on November 1, 2014 at 10:34am — No Comments
October 31st 2014. It beginning to look like the Dollar rally has resumed. I managed to make another 3% overnight and I am hopefully on track to increase the account by 30% in October which is a good month and quite timely considering it is also the month that my…Continue
Added by Gary on October 31, 2014 at 9:35am — No Comments
October 30th 2014. So yesterday’s action was quite productive and I added another 3% or so. Remember that you should only copy me with an MT4 account leveraged 200:1 at a minimum.
So it’s a bit of an ecosystem. The dollar strengthened significantly yesterday and gold dropped as a result (I was short Gold). Not surprisingly USDJPY strengthened and as I said previously a close above 108.50 sets us up for a continuation higher. We got that, so now look for a challenge…Continue
Added by Gary on October 30, 2014 at 4:41pm — No Comments
October 29th 2014. Hi, I’m back however as you know I had been managing positions on holiday. It rained a lot anyway! I have just opened a USDJPY position.
Remember we have the FOMC statement after the final taper of MBS today. Any mention of a…Continue
Added by Gary on October 29, 2014 at 9:32am — No Comments
October 24th 2014. There are some clues that the dollar correction may have come to an end and we are seeing that in the likes of USDJPY, however let’s not get too far ahead of ourselves. Although EURUSD is close to the lows of the week it is by not mean’s certain that the downtrend has resumed and AUDUSD price action would support that counter view.
EURUSD – As I said, close to the lows of the week. I’ve got a number of…Continue
Added by Gary on October 24, 2014 at 11:09am — No Comments
October 23rd 2014. The last 24 hours was a bit frustrating regarding EURUSD and Gold positions but the account advanced another 2% so that’s the best kind of frustration I guess.
EURUSD – As some of you well know I am long EURUSD and frankly I’ve just bought more. As I say in the webinar the longer term trend is unquestionably down however shorter term we were overdue the most recent rally. Support comes via 1.2499 and I think I one…Continue
Added by Gary on October 23, 2014 at 3:14pm — No Comments
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
Added by Gary on October 15, 2014 at 9:20pm — No Comments
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
Added by Gary on October 14, 2014 at 12:50pm — No Comments
Added by Gary on October 13, 2014 at 9:15am — No Comments
Added by Gary on October 9, 2014 at 8:49am — No Comments
October 6th 2014 Last week’s NFP number spoiled my fun and ruined the nice weekly hammer candlestick in NZDUSD. Many pairs were extended and the dollar looked to be about to weaken. Alas we have to wait further.
EURUSD – Last week’s high comes via 1.2714 so watch this market as a clue to the likely performance of USDJPY, NZDUSD etc.
Gold prices dropped to the lowest level in 10 months, with traders now aiming to challenge the 1177.24-78.86 zone…Continue
Added by Gary on October 6, 2014 at 7:30am — No Comments
September 30th 2014. The USD run has at this point probably gone too far, too fast and yet the pressure remains on the likes of EURUSD which is a key driver of many other pairs. The catalyst for a further move lower could come via Thursday’s ECB meeting and Initial Jobless claims from…Continue
Added by Gary on September 30, 2014 at 8:24am — No Comments
September 29th 2014. Last week extended markets were largely extended further and on EURUSD we managed to break multi-year support.
NZDUSD – Continues lower. I am long this pair and will consider adding on a number of daily higher high’s that take us out of daily…Continue
Added by Gary on September 29, 2014 at 8:38am — No Comments
September 25th 2014. The Greenback Strengthened substantially overnight talking out EURUSD stops below 1.2750 and causing some panic across the board.
NZDUSD – Due partly to domestic data and partly to the USD moves Kiwi selling accelerated and I know of at least one major trader who…Continue
Added by Gary on September 25, 2014 at 8:58am — No Comments
September 24th 2014. Scalped EURUSD and XAUUSD overnight, quite profitable…..again.
NZDUSD – So it may be a false dawn but I’m interested in the fact that Kiwi closed off the lows yesterday and is slightly higher this morning. Not much to write home about except looking at that other pair…Continue
Added by Gary on September 24, 2014 at 8:57am — No Comments
September 23rd 2014. Scalped EURUSD and XAUUSD overnight, quite profitable. Otherwise I am wondering about Kiwi and milk production figures later in the week. Its decline has been quite pronounced and I have an open position slightly out of the money but I could well add to it this week.
NZDUSD – Look for a…Continue
Added by Gary on September 23, 2014 at 9:00am — No Comments
September 17th 2014. So far over the course of the last 24 hours we have seen if not a relief rally then certainly a medium term base in some of the pairs that became very overstretched due to aggressive Dollar buying. This evening we will get the Pace of Treasury Purchases for September followed by the Fed statement from…Continue
Added by Gary on September 17, 2014 at 9:00am — No Comments