A NEW DAY A NEW DIRECTION
Yesterday was a good day. Seriously 700++ pips from GJ alone. Total of over 1500 pips in the bag. Its a new day and a new direction has pres...
CHANGING DIRECTION
It seems that all pairs are changing direction. I personally dont know if this is a correction or the actual turn. Only time will tell but i...
Overnight Rally
I like to imagine I am in tune with the markets. My trading record may not agree with this minor flight of fancy, but nonetheless, it's...
Financial Aid Kicking In
As if things weren't confusing enough. Now we have various types of aid programs starting to impact the credit markets. No, the TARP p...
A PICTURES TELLS A THOUSAND WORDS
FREE YOUR MIND IN FOREX
At the moment all major pairs are dropping like flies sprayed with Ridsets. Take your position anytime you want. Its a sure winner. No point...
AUDJPY Revisiting Lows
We're down below 63.00 in the AUDJPY market (as I type -- it may bounce).This appears to be a test of the 5+ year low for this pair... g...
Betting Against The AUDJPY
Well, with commodity prices spiraling down the toilet, it's a good time to be short of the AUDJPY.Look, put an SMA 20 on your AUDJPY cha...
Trading The AUDJPY
Things are looking much more even-handed today than I've seen in a while.In fact, I was so impressed by the fact that the AUDJPY was fol...
SLOW MONDAY FOR FOREX
Last week was a good trade. It turns out AUD to be the most volatile and combine that with JPY we have a huge mover. At the moment I am stil...
Fundamental Market Conjecture
Be warned that for some reason I remain a perennial optimist.It strikes me that a lot of the current analysis is based on credit spreads and...
CHARTS GIVES US A CLEARER PICTURE
THE 3 PLANETS INLINE. EXPLAINED
BACK TO BASIC
LAST MINUTE TURN
Last night GU really did go up over 100 pip and then decided to go down. Luckily I have moved my stop loss and gain a little last night. I d...
GBPUSD. I BELIEVE I CAN FLY
Being the strongest of them all at the moment, GBPUSD is flying. This is the initial charge. Like many other breaks before, it will take a r...
ITS NOT THE HOLLY GRAIL OF FOREX BUT ITS WORKING FINE
I am writing this to get some opinion. Let say that you have develop a system. It may not be the holly grail but you manage for forecast tur...
ITS GOING UP BUT ITS NO SUPERMAN
As predicted last week, the pairs moved upwards but now its going to do some correction. A huge one if you ask me. So rileks, enjoy the ride...
Market Rationality?
With some major changes happening on a global basis it's just possible that the forex markets will return to rationality.For example, th...
VIX Ahoy 2
Did I mention the VIX was high yesterday?I meant that it seemed to be getting a bit heated.Today the VIX is high.Tomorrow? You tell me.
ECB Liquidity Changes
I noticed something in a news item that I read today that I thought I'd share.While the big news is focused on the coordinated drop in c...
VIX Ahoy
So, we didn't have any type of bounce off the AUDJPY recovery support trend line. If you were watching the DOW or the NIKKEI you knew w...
FREE FOREX SIGNAL 9 OCTOBER 2008
Previous signal of GBPUSD and USDCHF still holds. Eventhough GBPUSD decided to do one more move down, it has exhausted all its strength. Tra...
AUDJPY Technicals
I'm looking at my AUDJPY trend line.We've seen some good movement, recovering from the recent meltdown in short order... probably du...
Carry Trade Musings
Did you see the carry trades collapse today?Neither did I.In fact, things looked downright orderly. Nay, they looked rational. Is this a t...
USDCHF HAS TURNED.
As of writing, USDCHF has broken the trend. It should go down soon but now its ranging. Your entry should be somewhere around the last high....
GBPUSD HAS TURNED BUT WE STILL HAVE TIME
It seems that GBPUSD has turned, but we still have time. I manage to snatch 80pip and get out. At the moment I am no longer holding any post...
Aussie, Aussie, Aussie
Oi, Oi, Oi.Yeah, okay, it's a big honking rate cut.Scuttlebutt has it that there might be some coordinated activity in the works, which ...
Europe Gets Crushed
Well, it's been an interesting 24 hours on the Forex markets.I'd like to say I was on top of everything and made a boatload, but ins...
USD2000 IN 2 WEEKS
Seeing Beyond The Bailout
Now that the US bailout package has been passed the question on everyone's mind is what happens next?Nobody knows. Conversely, everyone...
Good Trade so far
Its been a good week. Last week I posted signal for UJ and GU. I was hoping UJ to make the move but instead GU has done it. Over 1000 pip mo...
Close Your Eyes
Okay, so it doesn't look like anything at all is happening as of yet. Personally, I'm scalping the EURUSD on the 1 min chart this e...