Tag Archives: FXC
8/8/11
The S&P retested Friday’s low early last night putting in a double bottom pattern on the point & figure charts. If this area is violated we will start moving in roughly 20 point increments, possibly as low as the mid … Continue reading
A.M. Look 8/5/11
Gold & Silver…yesterday’s lows were great in both. Now we have to see if we hold those lows on the unemployment #( which have typically been the lows for the rest of the month). Moreover, the gold needs to close … Continue reading
A.M. Look 8/4/11
I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading
YCS…FXC
Currently we are short the Yen via ( Long YCS ETF) We will spread this up by buying the FXC ( Long Canadian Dollar ETF)@ the Mkt. “Currently trading around 103.20”
USD/CAD…Stops…Safe Haven Price Action
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
USD/CAD…FXC…Canadian Dollar
We have taken off 25% of this trade off. Sell another 25% of your Long FXC near Dr. Nenner’s Tgt of 93.50 USD/CAD ( app 106.75 ish Futures) Raise your stop to break-even.
USD/CAD…Canadian Dollar…FXC
The monthly stops are just below 94.45 USD/CAD ( app 105.76 Futures) Upon a breach of the stops, We are selling 25% of our long FXC position to pay for our stop, which will then be raised accordingly.
A.M. Look 7/19/11
We’d like to thank John Thomas, “The MAD HEDGE FUND TRADER”, for an insightful and entertaining luncheon at his Chicago event, it’s always a pleasure! Lemming Effect Trading…yesterday was more of the same…we sent out the Swiss and EUR/CHF charts … Continue reading
A.M. Look 7/18/11
The fear trade continues…Short Euro/Long Metals.. 1298-1302 S&P 500 futures is still a key technical level. This continues to be a market for short time frame traders, while stocks like AAPL have become the recipient of a seeming flight to … Continue reading