Hello Everyone,

Here is my weekly trade setups and signals report.  Just click on the link Price Action and Ichimoku Trade Signals to view the report.

Kind Regards,
Chris Capre
2ndskiesforex.com
Twitter; 2ndskiesforex. 

Hello Everyone,



Thought I'd share some of the most interesting articles of the week regarding the markets and trading:



Jesse Livermore - the trials, successes and lessons from one of the greatest traders of all time



GDP grows at 1.3% - worse than…

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After pretty much doing what we said it would last week bouncing to the 20ema and the look for sells after the price touches it, the pair sold off after retracing and rejecting off the 20ema and 50% fib of the last major down-move.  



The pair did not dis-appoint as it sold off 233pips from high to low and was selling from market open with not even a wink higher…

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Hello Everyone,



I just posted my new weekly article on forex price action and ichimoku setups.



To view the article, click on the link Forex Price Action and Ichimoku Trade Setups.



I also love feedback and comments so feel free to write yours and comment on this post.



Kind Regards,

Chris Capre…

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For the latter part of 2011, the CHF has been beating up any currency inside the G8 and taking absolutely no prisoners.  Just look at these facts;

-All time low printed in the last month for EURCHF

-All time low printed against GBP in last 30 days

-Clocked in an all time low against the USD (well - maybe this is not that special since even the Uruguayan Peso is gaining against the USD.  When a country of barely 3+ million people has their currency appreciate 33% against the…

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Sorry for the lack of posts as I have been traveling internationally and now just getting back into things.



For the first time since Feb. this year, Spot Gold. vs the USD is threatening to close below the Kumo which would be quite a unique event.  On top of this, the flat bottom of the kumo is parked at the 50% fib of the $200 run from $1380 - $1577, sitting at $1479.23. This area has also held a bounce in mid May this year so expect price action to get interesting here, either giving… Continue

Spot Gold vs. USD

For the first time since early February, spot gold is entering the daily Kumo which is an interesting prospect.  Since the previous date, it had only 3 glances off the Kumo top but it looks poised to close insde the Kumo which would be an interesting move.  This is coming on the heels of a sharp two day sell off which has taken out the gains for all of June and giving it the lowest print since late May.  This could be a sign of some weakening in the shiny metal since it…

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Looking at the daily chart, we can see how the Dow Industrials Index has spent pretty much all of June below the 20ema except for one day which was two days ago.  Instead of using the 20ema as a launching pad announcing its strength, the 4 day climb has been almost completely wiped out by two days of selling with today's selling being the 2nd largest sell-off for this entire month.  This communicates to use via price action the bears are still in control and the market is not believing the 4… Continue