Tag Archives: Forex Markets
JJG ETF
49.40 is the 200 day mvg avg in the JJG. We might not get into the better Fib zones which are lower. This trade could be a few weeks early but we have been waiting an awful long time to see … Continue reading
A.M. Look 5/12/11
For day-traders it will be another opportunity filled day ( pick your poison and your level wisely). Yesterday we bought the 30 year bonds with a 6 tick stop which we thought at the time was the lowest risk side … Continue reading
USD/NOK..Norwegian Krona…USD/SEK..Sweden Krona
Last week the Nok put in an outside reversal week to the upside which is indicative of a stronger U.S. Dollar and weaker OIL. Today we are seeing an attempt at an outside reversal day to the upside as well after … Continue reading
A.M. Look 5/11/11
The big game in town this week continues to be the shorting of the Euro against the metals and the commodity currencies. Day traders should pay particular attention to this SPREAD as legs get lifted at technical levels.(the metals being … Continue reading
Euro…SPU
143.14 represents a double bottom on the weekly maps for now. The next level down is 142.50 followed by 141.50. SPU needs under 1334-32 to show more weakness and the resistance is now 1345-6.
A.M. Look 5/9/11
The commodities are all back with a vengeance since the opening bell last night. Trading should be viewed as technical for the next couple of weeks. Focus on buying any good “big break” where you can manage your downside. Keep … Continue reading
AUD/USD…Aussie
While the Aussie has rejected it’s initial 108 resistance the Yen crosses have taken over the entire board since the RBA announced it’s inflation data last night. In the meantime the Aussie resistance of 108 seems to be matching up … Continue reading
A.M. Look 5/6/11
So much for SINKO DE MARKETS DAY… We typically get a low for the rest of the month in the precious metals. Pattern alert GLD ( ETF)…this puts in an outside reversal lower week with a close below 145.45. We … Continue reading
Pre Unemployment Patterns…Risk Off
These levels do not change so please keep them. I will not re-visit these in the a.m. The crude just gave back 50% @ 99.40 of this years move and still going. I’ll start looking another 4 dollars lower for … Continue reading
GLD
Use a 146.20 stop on the GLD intra day for that side of the spread. We’re Short Aussie/ Long Gold. This means we are just staying short the Aussie ( Long U.S. Dollars) if we get stopped on the Gold … Continue reading