Cabot101Management

Cabot101Management

Please refer to our previous post We are in @ 83.60 and fully expect this to retrace to 82.00 level ( Fib level ) , as OIL tanked overnight triggering safe haven flows and AUD getting a pounding due to commodity prices , Easy pips ..........

Cabot101Management Updated 

So today will sort this out , we have been in a squeeze slowly for a while now , This has now popped above the 0.5 fib line which we have been waiting for. Its posted a new high of 1.3672 , I feel the USD has been undervalued lately , OIL is still trading sideways under the $50 a barrell. Im certainly not a buyer of the Canadian dollar, Im more a USD bull right...

Cabot101Management Updated 

So we are waiting here as the Eurozone PMI's are out @ 0.830-0.930 along with GBP Manufacturing PMI ( today ) and Construction PMI tomorrow Wednesday .... Could push higher as we have taken a bounce off 0.5 fib line the charts look good for a few pips .. lets wait and see to build a case .....

Cabot101Management Updated 

Okay wanting to see it get back to around 1.0820-1.0830 confluence zones , but I wouldn't expect this to get past the 0.5 fib line, and I think based on the Aussie pressure right now ( USD/AUD @ 0.75 levels ) this is a good short , Also if USD figs out today print well this will put more pressure on USD/AUD today and have an affect on the cross pairs. So entry...

Cabot101Management Updated 

Okay so this is a good one , Based on the RBA statement and USD/JPY powering higher and reclaiming good levels, there seems to be a strong risk on sentiment right now, so I don't see this going down anytime soon . I wanna wait to see what kind of reaction we get off the 0.5 fib line, as by rights it should hit it and power on through over the next few days...

Cabot101Management Updated 

So we are fast approaching some resistance on a couple of levels , Waiting for a retrace to the daily high @ 1.4930 Stop @ 1.5050 TP1 @ 1.4570 TP2 @ 1.42.40 The Cad is weak right now and OIL is down but this wont last forever . ( Be patient ) this is a longer term trade ................ Hope your all having a great Bank holiday .............

Cabot101Management Updated 

Okay so this is going to be my trade pick of the week , yep you heard me right, nope I haven't forgotten about NFP and CAD data friday ...... The RBA will not raise rates until 2018 - Q1/2, economists say . If the RBA are dovish with their statement expect this to retrace back to the 0.786 fib line @ 1.17350 levels, if GBP data out 0.930 on the same day...

Cabot101Management Updated 

So you see the chart, and all the focus is about the Euro for now , however this is ranging nicely and Copper is on the up again. We got out last week short, as we felt this was lacking conviction and the market for now is out of favour with the Canadian dollar even with the RBA's comments , So we are trickling higher for now and we are above the 0.786 fib line...

Cabot101Management Updated 

So right now there are a few reasons why we like the look of this as mentioned a few days earlier , please refer to previous post for more info , 1. The Euro has enjoyed some bullish activity in the wake of the election news so far 2. This has popped its head above the trend line resistance, but has serious key levels to contend with. 3. The 0.5 fib retracement...

Cabot101Management Updated 

So with all the GBP spikes over the last few days, caused by various events, MAY's snap election being the catalyst, The GBP has seen the bulls coming in, however they will also be profit taking soon and trimming positions , this is stalling at the 0.618 fib line and if GBP data due out @ 09:30 misses this has the potential to catch some pips while it takes...

Cabot101Management Updated 

Oil is contributing to this move, right now the Loony is feeling it, we are looking to retest the 1.35-1.3550 areas. This will come to a head soon and the direction will be a lot clearer, if it pops its head above the 1.3590 levels, then there's nothing in its way until the 0.618 fib line around the 1.38-1.3840 levels . However if we squeeze and stall @ the...

Cabot101Management

Okay so after round 1 , Macron beat le pen , It looks like they have priced in a round 2 defeat also , This is sitting right on the trend line resistance which is offering some support on the daily, German IFO is out @ 09.00 so keep an eye on this . Looking to get in after this but at the minute, I want to see what the day offers when the UK and US MKTS open...

Cabot101Management Updated 

So we are right on the trend line resistance again , and as you can see by the wick on the daily candle, the sellers have started entering, and some positioning trimming ahead of Sunday we think and OIL is up on the day again. We will be selling out of Sundays antics Stay tuned and for more detail refer to our earlier posts ....

Cabot101Management

Okay so we were in a down trend which has now been broken, as the chart shows by the daily closing above the Trend line resistance. We have well and truly popped our head above it now, and we are hearing further weakness towards the Aussie due to commodity prices, the GBP is slowing down profit taking , but the buyers are still around . We will be buying into...

Cabot101Management Updated 

Okay so right now we have had good data coming out of the Loony, which is hard for Poloz to keep shunning off , Euro buyers are stepping in slowly again look at EUR/USD @ 1.0647 currently, and finding a nice bounce off trend line support. We can see here this has been in steady down trend and right now the 0.38 Fib retracement line is presenting...

Cabot101Management Updated 

Okay so we are active on this trade and got filled @ 1.42 We have been waiting for over a week for this to hit our entry target. Please see previous post re: this pair for a more in depth explanation . TP1 @ 1.39 TP2 @ 1.37 Stay tuned !!!!!!!!!!!

Cabot101Management Updated 

Well take a look at this, So if you follow us , you will have seen our earlier post about this pair which gives a better explanation . Right now as we have mentioned on other USD pairs, there is unrest on the Greenback due to Trump's verbal antics , he's been Jawboning. With this in mind there is always a point with pairs, where the buyers and sellers...

Cabot101Management Updated 

Well what a nice surprise ,+ 60.9k vs +20k expected ........... So here we see the AUD rebound off the 0.5 fib retracement line, and note that the 0.7500 handle has once again proved strong support for the buyers to grab a bargain. We are long term Neutral the Aussie, however short term with the impressive figures posted, and Trump's verbal antics at the...