Hi guys, the GBP is over extended and in need of a consolidation. If you are long the GBP, consider covering short term. The USD is also pushing from lows, so expect a little USD strength.
Hi guys, the EUR is running out of steam. It still has a little push left if it wants to go higher, but it will stop and reverse soon. The USD is diving hard and will also run of our room soon. The EURUSD should bounce hard again (just like last night). The GBP has a TON of room to the upside. Do not fade this currency. It will likely continue higher for the...
Hi guys, after last night's massive EUR and GBP sell off, both currencies are consolidated and ready for another push down. We should see more EUR and GBP weakness during the Euro and US sessions. The USD is also losing ground. This should send the EURUSD and GBPUSD sideways/choppy. Stay away from those pairs until the USD moves away from the EUR and GBP in...
Hi guys, the EUR made a huge push as expected, but it's out of gas. It will either bounce a bit and give the bulls a run or more likely; it will consolidate mostly sideways until the next push down. If you are short any of the EUR pairs, consider covering until the next entry. I would not short at these levels and buying the fade is darn risky right now. The...
Hi guys, the EURUSD is about to have a strong correction. If you are bearish consider covering. Both the USD and EUR are over extended.
Hi guys, several currencies are pushing hard at the moment and are consolidating before the next push. The USD might have a longer consolidation for the next push. Don't kill your trend trades, but you may get a window to reload your position. Most of the USD pair will bounce soon, then continue on their way. You can scalp the bounce or reload after a Fib pull back.
Hi guys, as I've mentioned before, I post these chart shots for a few other traders. All currencies are inside the 40-60 band. This doesn't happen very often on the 4 hour. When it does, it means that big (very large) moves are building. We should see some significant moves form over the next couple of days. Should be fun for trading. The 40-60 range =...
Hi guys, as mentioned before, I post these chart shots for a few traders that use this indicator. I use the market barometer to see if/when trends are reversing. I draw a trend line on the chart (just like a price chart). I'll place the line across the bottoms or tops. If the currency line (in this case the yellow JPY line) crosses back over my trend line, I know...
Hi guys, the NZD is extremely over extended at the moment (see the linked post). All NZD pairs should correct soon. I like the NZDJPY. The pair is forming a double top (at least I think so). I know the NZD won't go much higher from here, so the NZDJPY should find resistance soon. I am short @ 82.84. My stop and target are marked on the chart. NOTE: this trade...
Hi guys, as mentioned before, I post these charts for a few traders. The NZD is over extended and ready for a major consolidation. If you are long the NZD, consider covering and possibly reversing. NOTE: this indicator measures currencies and not currency pairs.
Hi guys, as mentioned before, I post shots of this chart for a few traders. I chose these 3 currencies because the rest are between the 40-60 area. Remember, anything inside the 40-60 range = no bias. NOTE: you can turn each currency on/off via the indicator settings. CAD - I included the CAD because it made a huge move today. The CAD has consolidated to the...
Hi guys, the NZD is over extending and should give us a nice entry to fade the NZDJPY. You can choose any of the NZD pairs. I prefer the NZDJPY. I'll update this post when/if I get an entry.
As mentioned before; I post these charts for a few other traders. This is one of my indicators. The CAD is extremely over extended. A consolidation will happen. If you are long the CAD, I would consider covering and possible reversing. Yesterday this indicator caught the bottom for the CAD (i.e one example would the 'top' of the USDCAD range). NOTE: this...
Hi folks, I have several traders that have asked me to post updates via my indicator. Right now the CAD is over extended to the downside. If you are shorting the CAD, consider covering soon. This run is almost over. NOTE: this indicator measures individual currencies (i.e not pairs). The CAD does 'NOT' refer to the USDCAD. This analysis only refers the cross side...