Tag Archives: Forex Markets
General price Action
The value shoppers have been out all day. The Spu’s can trade 1358 and fail. Closing above the low 60’s will have this analyst looking for prints in the 1400’s. The Spu’s are 50% either side of nowhere right now. … Continue reading
A.M. Look 3/7/12
Today, brings us this months episode of Full Moon Trading, in conjunction with the mid week shuffle. Simply put, with so many technical models ,across a wide array of asset classes, trying to break down or change direction, today’s highs … Continue reading
A.M. Look 3/6/12
We finally got a Risk off board after 50 + days of straight up! Spu’s..1350.25/stops below, “1343 ish-1339” This is where we want to pay for this trade by taking some profits! SDS trades are done off the Futures levels. … Continue reading
A.M. Look 3/5/12
The world is in profit taking mode since Lunch time in Asia last night. Yen…AUD/JPY..EUR/JPY..CAD/JPY..GBP/JPY.. crosses was where the action was last night. Yen Futures put in a double bottom pattern on a weekly chart right out of the gate, … Continue reading
Euro…
Anywhere in the high 131’s is a good place to lighten up. A close today under 131.45 puts in a reversal week to the downside. 130.50 is as much as we’re looking for on this swing down.
A.M. Look 3/2/12
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
Price Action…
Pain at the Pump… I am using new highs from the 9 A.M. # ( 1274 SPU) to close out our Long SDS position… 107.90 (AUD/USD) 107.70 H Futures for trailing stops the rest of the day EURO…The low is … Continue reading
A.M. Look 3/1/12
This portfolio is about as Risk Off as I get. Time will tell whether the patterns are true, or if we were just subjected to another 1 day wonder. In general, it takes a couple of days to change direction, … Continue reading
Aussie…Trade Alert!
We are selling the Aussie short on a close below 107.30 @ 4 P.M.EST Start selling some Now @ the Market..
Spu’s…Portfolio Insurance…Euro
The Good news is I haven’t let myself get sucked into selling a break with the Europeans for the past 80 handles in the S&P. The bad news is that I did it today, and I did it Via the … Continue reading