The fall months are my favorite. The cool weather is a welcome change from the hot and humid days of summer. There are few sights more pleasing than the turning of the leaves over the coming weeks as the change works its way from north to south as temperatures drop. The stock market has more than a few bad memories during the fall season. The great crash of 1929...
Good afternoon gents, With FOMC coming up at 7pm today BST, we can anticipate a huge injection of liquidity in the market place. At the end of the day, most news is just used as a facade to complete the market maker cycle, driving price to their next objectives. On days like this, the market looks relatively static without much movement taking place....but if...
Good morning ladies & gents, Great day to be engaging in CJ today. We have high impact CAD news @ 1:30pm and 11:30pm BST. This means what? It means that CAD will be an extremely volatile pair today and also the most highly manipulated one also. I'm interesting in taking this long, the first TP is where all retail sell's stop losses are placed. After breaking...
Goood morning ladies and gents, EURNZD is poised to see higher prices today. It will rally up to the area marked as the final TP over the next week. Why? Simple. There was a consolidation (range) condition prior to a break to the top side. This induced retailers to look for longs, anyone who went long would have their maximum stop below the low of the range....
Good morning ladies and gents, Price has retraced back into a Daily Propulsion Block. On the H4 Chart, price has dropped back in an area we label "Source". As per our system at AmplaFX, the H1 and M15 rules are fulfilled so we have found a long position available at current market price. Looking to take it up to refill the H4 imbalance for an RR of 1:5. I...
The seasonal tendancies coming... We're a the resistance level where we wait for the retracement at 910 Before the market continues bullish - first target at 1000 THEN see the price structure for next leg
The end of month rotation of June is upon us. On Friday June 26 we witnessed some very interesting rotations into small caps, cyclicals, and silver. If the virus news does not overwhelm the markets (big players control the news flow) then we have a good possibility of moving up toward the Independence Day holiday and beyond toward the next FOMC in July. The...
The end of month rotation of June is upon us. On Friday June 26 we witnessed some very interesting rotations into small caps, cyclicals, and silver. If the virus news does not overwhelm the markets (big players control the news flow) then we have a good possibility of moving up toward the Independence Day holiday and beyond toward the next FOMC in July. The...
Since this is NFP us traders have to be careful with what trades we get into. Although if my analysis is correct we can catch some nice movements during NY sessions, Asian sessions, or London sessions. As of the beginning of the week I was bearish on the dollar and caught some very clean price action. I still am bearish to some degree. I want to see the DXY...