Pro Tips

USD/CAD…Stops…Safe Haven Price Action

Posted on 07/27/2011

Currently USD/CAD is having difficulty with the 94 level. A close today over 94.80 will have us sell the remainder of this position. We’ve been stopped out of Cat…( “The dog with the least amount of fleas” Gordon Gekko ..after … Continue reading →

Opening Range Trades

Posted on 07/27/2011

This type of trade can often set the tone for an early day trade or the early week bias out of Asia. It’s not a hard and fast rule, but more of a conceptual idea to trade from a side … Continue reading →

USD/CHF…Suisse

Posted on 07/27/2011

Price action…USD/CHF put in a lower low from yesterday and is trying to reverse. What to look for… Price action has to minimally maintain over 80.20 USD/CHF and a close is needed, today, over 80.70 USD/CHF to think you’ve seen … Continue reading →

A.M. Look 7/27/11

Posted on 07/27/2011

The main feature last night was the Aussie. Major stops were elected over 110.20. 110.81 ( 1979 low)-111( opening of trading in the AUD/USD 1971) is the resistance I show. 111 is a huge # for me on a lot … Continue reading →

A.M. Look 7/26/11

Posted on 07/26/2011

It’s all about the Dollar. The Dollar is off against all major currencies from the Mxn Peso,Ruble,RAND, KIWI,SEK,NOK SING,YOU NAME IT… Significant levels… EURO/USD….145.20ish….144.50 close AUD/USD….110.14 = 2/3 rds coming back for life of Currency…possible double top area on the … Continue reading →

BP…CAT

Posted on 07/25/2011

Some of the longer term investors that follow Charles have added Long BP. My followers have added CAT around 105 last week. We’ll use a 50 cent stop in BP…just below 46.. All long Cat positions should be managed against … Continue reading →

30 Yr. Bond Futures…TBT

Posted on 07/25/2011

You just got your match in the 30 Yr. Futures and the TBT. That match is 124.23 ish Sept.Futures, matching the TBT fib of 33.55.. You now need all new weakness in the Bonds  Futures under this level and strength … Continue reading →

A.M. Look 7/25/11

Posted on 07/25/2011

For those of you that don’t already read Yra,you should!, He was a particularly interesting read last night. http://yrah53.wordpress.com/2011/07/24/cancan/ There will be a lot of posturing this A.M. across the currencies and equity Indices, waiting for our fearless leaders to … Continue reading →

The Late Show…Position Adjustments

Posted on 07/22/2011

AAPL …396.27 has my full attention…it was up closer to 400 in pre-market after earnings..however, price rejection here can put in a short term double top. A 20-25 dollar break would be healthy for this instrument. NASDAQ 100 Futures is … Continue reading →

Position Update S&P 500 Futures..Euro

Posted on 07/22/2011

Futures traders…We have nibbled on the LONG SIDE OF THE EURO AND THE S&P 500 FUTURES DOWN HERE after the stops were run under 1335… We are presently Long Both