In my series of posts "SP500 Approaching Bubble Territory' I was discussing my arguments for a major bearish move, and i believe we are very close to my awaited point. I am waiting for final confirmation signal which may occur today or Monday to post my short position. For now, I close any long position and cancel any long outlook. Market Breadth: Swings from...
Update: That was quick, no entry, trade cancelled Looking for a retest of areas near the bottom of the sideways range, following the break below rising trend line for the latest bullish wave and 171.30 horizontal support. Trade number: 66 Accumulated profit/loss (pips) = 2472 Pre-trade stats Number of trades:65 Winners: 34 Losers: 22 Cancelled:...
Crude is rising, meantime, copper is under heavy pressure, which one will follow the other. In a previous post I discussed how the two commodities are positively correlated to a large degree ( ), and in most cases copper lead oil prices. Having that said, I am monitoring carefully for a potential oil short position, still not confirmed though, I will look for a...
Breaking below 102.85 will probably extend the downside, 101.55 would be possible break target. My short term bias remains bearish since my latest post
GBPJPY Completed a major bottoming formation in the form of a rounding bottom by breaking 163.00 major resistance, which should floor any medium term correction. The long term target for the pattern is at 212.50 areas. However, potential targets and resistance levels at 180.00,184.00,192.57,200 and 212.50. twitter.com thefxchannel.com
The price is at a key juncture. This is an optimum area to look for trading setups
Update: Slightly Missed Entry :|. Trade cancelled The strong sell-off is testing the 61.8 retracement of the latest bullish wave, and the 50-days SMA. A bullish hammer at this support suggests a potential corrective wave. Trade number: 65 Accumulated profit/loss (pips) = 2472 Pre-trade stats Number of trades:64 Winners: 34 Losers: 22 Cancelled:...
In my view Gold miners Set for a major long term rebound.
Update: First Target Hit. Exceptionally, I am not moving stop loss to break even for this trade. Update: closed near full target at 1.3640. Profit(pips)=50+110=160 Accumulated profit/loss (pips) = 2472 I am looking for a short term bullish rebound as price shows a strong bounce of the 1.27 extension level of CD Wave and 61.8 retracement for the overall bullish...
Looks Like A long term reversal pattern. Initial Target at 4.10 resistance
Update: Failed pattern Loss(pips)= -55(x2)=-110 Accumulated profit/loss (pips) = 2312 Shorting on the completion of bearish Gartley at a retest of the broken trend line. Trade number: 63 Accumulated profit/loss (pips) = 2422 Pre-trade stats Number of trades: 62 Winners: 33 Losers: 21 Cancelled: 8 Profit/loss (in pips) = 2422 Open trades: none Pending trades:...
No forecast, just concerned, as price has already reached near my full target at 590.00 @ I do not feel comfortable with apple's chart at current levels
We have seen a strong rebound in U.K economic activities in the second half of 2012, however expansion lost some momentum in November and December, economy continued to expand but at a slower pace, especially in the industrial and services sectors, latest figure came below market consensus and previous months. Meanwhile, the latest inflation data lifted pressure...
UPDATE: No entry, trade cancelled for now, will be looking for a new signal A pin bar at a key horizontal resistance, Speculating on the short side, a break above that resistance will probably signal further upside. Pre-trade stats Number of trades: 61 Winners: 33 Losers: 21 Cancelled:7 Profit/loss (in pips) = +2422 Open trades: 1 Pending trades: none Trading...
UPDATE: Stopped out Profit/loss(pips)=-40 In my previous daily analysis for the pair @ i concluded that i will be looking for long setups. The price prints a four-hour dragon-fly doji candle at the ascending support, therefore, Ill buy the pair on a dip towards 1.6400, targets at 1.6465 and 1.6515
NZDCAD managed to break a long term ascending resistance, and 1.271 Fibonacci extension level, technical strength is clear. Am looking for a move towards the 1.618 extension level near 1.9290.
I am looking for further downside in the near term, and ill be looking to short upside pullbacks towards 1.4850. Main downside target at the 50-days SMA around 1.4700 followed by 1.4550. 1.5000 must hold for the bearish setup to remain possible
A Regression line attempts to describe and fit data distribution in a single line, and thus summarize and present the distribution of the data in a single line. Accordingly, for traders, price should readjust towards this line when a deviation is seen. AMAZON shares are trading 4-std away from its regression line, although i have a bearish bias, there is nor...