Tag Archives: Forex Markets
A.M. Look 9/13/11
Another big day trading day is setting up. Buy the breaks & Sell the rallies. Two notes of interest this A.M.: The Singapore Dollar, which has been the strongest and most stable currency in the World, has also given up some … Continue reading
A.M. Look 9/12/11
Early London saw the Euro trade into the 134 handle. This is close to a 50% retrace of the past 2 years. It also led to the first contra trend reversal in 6 cents. This move is long in the … Continue reading
Uncle Buck
The outside reversal week in USD/NOK looks to be a lock. Last week it was the Brazilian Real, UUP, and the Dollar Index The average big standard deviation move in a major currency is usually 8-10 figures. You got that this week … Continue reading
A.M. Look 9/9/11
In Currency land the Euro and Suisse have basically achieved their first Fib tgt’s we put out yesterday. The G-7 meeting is starting. SPU’s…They’ve muddled around all night. This will be an end of day game. Will they or won’t … Continue reading
Dollar Bulls
88.25-50 USD/CHF ( app 113.25 Sep Futures) This is 2 year FIB area that represents support for the Swiss and a trouble zone for Dollar bulls the first time in. Euro..Monthly stops should lie @ app 138.37. The first 2 … Continue reading
Q & A Time
A question was put forward by a client: Why are you not just buying the SOX index with a tight stop? Answer: I am not chasing… I prefer chart pattern confirmation. I already have long equities via the short bonds! … Continue reading
Position Update…General Comments
We got stopped out of the GDXJ on the opening and it’s done nothing but rally all day. Screwed the pooch…redux! If you put your trade in as a “stop close only” you’re still in and looking good. SDS…This ETF … Continue reading
EUR/CHF
Obviously last night the Swiss screwed the most amount of traders it could. Let’s take a step back and see what this cross really has to do to change course. 122 is unchanged on the qtr.( last night’s high). Big … Continue reading
A.M. Look 9/6/11
There is a reason we mainly trade futures and not ETF’s. The last 2 days should make it very clear. The SNB reversed the world currency flows off the support levels put out yesterday a.m. in the weekend special.. SPU/BONDS…This spread … Continue reading