Long EUR/CHF 1.5182 area on Jul 1, 2009 in Pending Trades Commentary Spike base pattern caused by the SNB intervention:...
Even Soros Won't Touch It on Jun 30, 2009 in Commentary If you think you're alone in hating the current mess and financial uncertainty we're seeing out of the markets lately, don't worry; you have friends. A lack of conviction is about the only tone caught out of this short clip. Forget trading, preserv...
CHF Intervention and Short Term USD on Jun 25, 2009 in Commentary When we look at the range of opportunities as traders, one world typically comes to mind: volatility. Today provided us with perhaps some of the biggest string of events we have perhaps seen a several weeks, despite the ongoing, consolidated patters...
Fading Double Zeros on Jun 22, 2009 in Commentary Trade Examples Last week, we were discussing the best times to use double zeros.I argued: Not when price is making recent new highs and new lows, but rather, when price has been 'sloshing around' the zeros for a while and is already in an underlying trend. Today,...
Good Use of Double Zeros on Jun 22, 2009 in Commentary Trade Examples Last week, we were discussing the best times to use double zeros.I argued: Not when price is making recent new highs and new lows, but rather, when price has been 'sloshing around' the zeros for a while and is already in an underlying trend. Today,...
A Correction Arrives (Finally) on Jun 18, 2009 in Commentary The S&P 500 has fallen approximately 46 pts from its highs, keeping risk traders at bay and pairs such as GBP/USD, EUR/USD and AUD/USD remain consolidated, with downside support levels under constant pressure.Throughout this recession we have see...
Long AUD/USD 0.7675 area on Jun 16, 2009 in Pending Trades Looking for a secondary reaction from this area on any failures from the current highs. Also a good bump in the uptrend at this zone.
Long GBP/USD 1.6240 area on Jun 12, 2009 in Pending Trades Looking for a double bounce off of these lows here if we can get a failure sometime next week, or moving forward. 50% retracement confluence, support down to the 1.6230 level...
Short USD/CAD 1.1470 area on Jun 12, 2009 in Pending Trades Good history on this area in general and unlikely to go unnoticed.
Over and Under Pattern on Jun 11, 2009 in Commentary Another pattern which I monitor heavily, serving as an intraday price turning point. These are very reliable if used properly and and can be seen on everything from daily down to 15 min charts. Most frequently, you’ll be using them on hourlies.Th...
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