Pro Tips

Stop Orders…Reminder!!!!

Your working orders…. BUY EUR/AUD @ 148.20 Stop GTC… Yen Futures… BUY 2 ( 50% of the Position) JYAM @ 9​8.93​ Stop. BUY 2 ( 50% of the Position) JYAM @ 98.17 OCO 98.93​ Stop The​se are​ all session 24 … Continue reading

Midday Missive

GOOGL is one of the best looking names on the board. Sustaining over 544 would lead to a retest of the 50 DMA @ 554. The whole board is a Time Frame Lemming effect trade. The Russell does not act … Continue reading

EUR/AUD…Position Update

We’re filled on EUR/AUD. We’re now short the Euro & Long Aussie. I was hoping for a little different set up. We need to see this change direction in the next 45 minutes to be right the level. Stops are … Continue reading

A.M. Look 5/20/14

Stocks… Nasd 100…Point & Figure break out is above 3625. Sustaining above 3625 could get you another 50 points. IWM…is at a major inflection level after a 2 day rally into major mvg avg resistance. A close over 111.25 is … Continue reading

Yen Futures…Trade Alert!

New order with protective stop. This is an order to “exit” not enter the current short Yen position. You’ll need to place 2 separate Orders BUY 2 ( 50% of the Position) JYAM @ 9906 Stop. BUY 2 ( 50% … Continue reading

Yen Futures…Trade Alert!

Sell JYAM ( The all session Globex Futures) @ the market! It’s currently sitting @ 98.71. I will write a stop tonight. I’m selling the Yen against the 200 DMA in the cash which is 101.23 USD/JPY. Dollar Traders…Buy USD/JPY … Continue reading

A.M. Look 5/19/14

Stocks… Nikkei…is putting in an ORl day. This is not a pattern I’d look to take given the current RSI’s which show it’s getting oversold on the daily chart. Nasd 100…3590 will be pivotal. We’re in Rally mode by maintaining … Continue reading

A.M. Look 5/16/14

Stocks… Spu’s…a close under 1854.50 puts in an ORL week. DAX…9600 is today’s support and the closing downside pivot. Below, 9470 ish is the next level to look for a bounce. EWZ…the rally in Brazil looks tired. A close under … Continue reading

Europe

Dax is done rallying for a while with a potential ORL day. Euro…price action above 137.33 will run out all the weak shorts. Italian 10 yr…the Italian Bonds have blown off. EUR/AUD…is attempting an ORH day. This is still a … Continue reading

Midday Missive

The Italian Bonds have blown off, hence the bounce in the Euro. Spu/Bond…is closing in on the 200 DMA. Do not press shorts in the Equity Indices here, nor chase the Bond rally!!!!