Tag Archives: Forex Markets
A.M. Look 4/20/12
Energy contracts expire today. Both May Oil & NatGas stop trading today. We’ll start to pay attention to these instruments for opportunity. Euro…there are resting stops over 132.14. A close over this level puts in an ORH weekly pattern. EUR/JPY…is … Continue reading
A.M. Look 4/18/12
USD/JPY…81.88 is the weekly ORH #. A close over this level Friday leaves room for a large move up in this Dollar. Yen Futures line up slightly different with a close under 122.25 needed for the ORL. Sustained price action … Continue reading
A.M. Look 4/17/12
Spu’s…after putting in a lower low last night at the end of Asian session,markets reversed in Europe. Sustained action over 1375 will be positive. NASD…same story, a lower low right into major Fib support “2650’s” General Comments… We tried the … Continue reading
EURO…Trade Alert!!!
We’re starting a small position Short EURO. Pros Only! (Cash or Futures Traders) Presently the Euro is trading right where it broke from Friday. I like it for some short exposure at this level against our Long Gold. Use a … Continue reading
A.M. Look 4/12/12
Last night saw some corrections in the Yen crosses, with EUR/JPY retesting the 200 day @ 105.93 and rallying. AUD/JPY…had the better bounce, however both have come up app 20-30 ticks short of anywhere is particular. The feature has been … Continue reading
EURO…Trade Alert!!!
We are buying another 30% of our short Euro position in by 10:30 CDT. This is London’s close. We are looking for the end of this capital flow ( London’s Close) to lock in some more profits. We have been … Continue reading
A.M. Look 4/5/12 w/Euro Trade Alert!!
Welcome to this months episode of Full Moon Trading… Today into tomorrow will be important. Friday, the only ones able to trade the unemployment data will be Futures Traders. Both European & U.S Equity markets will be closed at the … Continue reading
Euro Stop…Trade Alert!
We sold the Euro right here @ 131.36. We’re using an all session stop “GTC” of 131.66. If we get stopped out we will look to sell another rally. In general, we favor the long side of the dollar with … Continue reading
A.M. Look 4/4/12
Currencies… Euro…131.50 is the downside pivot, only sustained and closing action through this zone will lead to more downside. AUD/USD…102.64 is support. The downside pivot is 102.00 same as above. USD/JPY…needs sustained price action under 82.00 USD/JPY ( over 122 … Continue reading
A.M. Look 4/2/12
Nasd 100 Futures…a close above 2775 will have us close out our Long QID trade. This can still trade the 2839 Fib level. Spu’s…needs price action & closes back under 1400 to be negative. 30 Yr. Bonds…need some sustained action … Continue reading