SRS looks like a great setup for a long if the price can close above 7.34... SDS looks good as well if price can close above 34.52 both of these are low risk trades... Hope it helps...
Thursday, December 31, 2009
Wednesday, December 30, 2009
HAPPY NEW YEAR
Christmas was one of the best I've ever had(had many great ones) as we close out 2009 and prepare to enter the new year... If New Years Eve turns out to be just a fraction of what Christmas day was, I will be one happy man... With all that said, I want to wish you all a "Happy New Year" and may the trades and profits be with you in 2010...
WHAT A YEAR!!!!
Tuesday, December 29, 2009
CHOPPY AND THIN...
Usually means that it will be tough trading... BE CAREFUL!
here's one that is worth a couple of bucks...
EUR/CHF long @ 1.4901 Short @ 1.4850 target 45 to 55 pips
Short @ 1.4850 stop @ 1.4890 target 1.4796
Monday, December 28, 2009
Where's the money
Banks receive this money and will lend. - NOPE! This has not happened. This I believe is one of the greatest lies that has been made in this crisis. Why would any smart banker lend in the teeth of a nasty, jobless drecession? Would you? If you looked at a firm that is asking for credit and he tells you that their business is slowing and they need a loan to make payroll, do you think they are a good risk? Asking bankers to lose money on bad loans is not a solution to the crisis. On a positive note, I am hearing some of my clients being contacted by banks that are desiring to lend on
Banks and other bank holding companies...er investment banks and insurance companies can now borrow at zero overnight and buy stocks, bonds, and commodities. Is there any wonder why all markets are screaming? What happens when that money is taken back? Remember, this money was intended to strengthen balance sheets and also intended to be lent out to companies and consumers, not find their way to the craps table!
nterest rates are still low and creating asset bubbles. - Banks and other bank holding companies...er investment banks and insurance companies can now borrow at zero overnight and buy stocks, bonds, and commodities. Is there any wonder why all markets are screaming? What happens when that money is taken back? Remember, this money was intended to strengthen balance sheets and also intended to be lent out to companies and consumers, not find their way to the casino!
Sunday, December 27, 2009
QQQQ monthly chart
The QQQQ is absolutely insane with strength... It has broken the downtrend and now has broken through the 61.8% retracement... All I can say is con quidado (be careful) Hope it helps...
Nice ETF Setups
A pullback to 9.65 I will enter a long position using 9.30 as my stop...
A pullback below 22.61 I will enter a long with a stop @ 22.37, this is a low risk trade
Currency Setups
cad/chf long @ .9907 short @ .9857 target one 50 pips next target 95 pips from entry
Order canceled - pattern didn't materialize
gbp/jpy long @ 1.4673 short @ 1.4568 target 100 to 110 pips
Order canceled - pattern didn't materialize
canadian futures long @ .9575 short @ .9515 target one 55 to 65 pips
Long @ .9575 stop@ .9549 target one @ .9635
Target one hit moving stop to .9609 next target @ .9650
Stopped out + 60 pips
Saturday, December 26, 2009
Economic Apocalypse $$$
Could China be the next Financial Bubble? According to Stephen Moore it's worth a listen...
Fashion
If this is what FASHION has become! I am really glad I'm no longer in the fashion world... HIDEOUS! eeeeeck... WOW!!!!
INFLATION???
As I wrote back in October about Inflation vs Deflation, it appears to me that inflation is winning this heavy weight fight... So, how do you prepare yourself to hedge against inflation? Here's one opinion...
Bill Tedford is encouraging investors to bet against remarks by Federal Reserve Chairman Ben Bernanke, who told a group of Washington-area business leaders this month that "inflation could lower from here."
For more than 20 years, Mr. Tedford has run a benchmark-beating bond portfolio for Little Rock, Ark.,-based Stephens Inc. And though Mr. Bernanke sees slack in the economy that could push inflation down, Mr. Tedford says inflation already is evident in the consumer-price index and will lurch higher in 2010 and 2011.
He and Stephens have begun encouraging clients to invest more money in timber, oil and gas,http://online.wsj.com/article/SB10001424052748703521904574614651367337752.html?mod=googlenews_wsj
Wednesday, December 23, 2009
Tuesday, December 22, 2009
Currency & Futures Setups
EUR/AUD Long @ 1.6289 Short @ 1.6216 target one 70 to 80 pips
Long @ 1.6289 Stop 1.6238 target one @ 1.6347
STOPPED OUT @ 1.6302 + 13 PIPS
GBP/JPY Long @ 1.4670 Short @ 1.4606 target one 65 to 75 pips
Long @ 1.4670
STOPPDED OUT - 31 PIPS
ES Long @ 1116.00 Short @ 1109.75
Long @ 1116 stop @ 1109 target @ 1120
Target Hit +4 points
Corn Long @ 400.00 Short @ 393.25
Long @ 400 Stop @ 397 Target 1 @ 406.50
Moving Stop to 404.00 locking in +4 points
TARGET HIT +6.50 points - HO HO HO!!!!!!
GBP/CHF
Long @ 1.6811 Short @ 1.6746 target 60 to 70 pips
Long @ 1.6811 stop @ 1.6747 Target @ 1.6863
STOPPED OUT - 64 pips - definitely a fakeout off a bad candle
Monday, December 21, 2009
Aud/jpy
AUD JPY Long @ 80.37 Short @ 79.90 target 45 to 55 pips
Long @ 80.37 stop @ 80.20 first target 80.72
Stopped Out -17 pips
Aud/Nzd Long @ 1.2507 Short @ 1.2459 target 40 to 50 pips
Short @ 1.2459 stop @ 1.2508 target @ 1.2411
STOPPED OUT - 49 pips
Sunday, December 20, 2009
Currency Setups
EUR/JPY Long@ 129.83 Short @ 129.15 target range 65 to 75 pips
Long @ 129.84 stop @ 129.14 1st target 130.68
Target hit @ 130.68 + 84 pips
Aud/Usd Long @ .8917 Short @ .8807 target range 105 10 115 pips
Short @ .8807 Stop @ .8857 1st target @ .8767
1st Target hit @ .8767 moving stop to .8814 2nd target .8736
Moving target to .8726 and stop to .8781
STOPPED OUT +26 pips - not what I had in mind
Nzd/Usd Long@ .7121 Short @ .7062 target range 55 to 65 pips
Short @ 70.62 Stop @ 70.72 Target 1 @ 70.24
Target hit @ 70.24 moving stop to 70.24 next target @ 69.96
Target Hit + 125 pips - I should have captured more profit here but I wasn't in front of my monitors...
Eur/Gbp long @ .8895 Short @ 88.56 target range 45 to 55 pips
Long @ .8896 stop @ .8876 1st target .8926
TARGET Hit + 30 pips
Tuesday, December 15, 2009
gbp/cad
LONG @ 1.7313 Short @ 1.7183 Range 128 to 140...
Long @ 1.7313 Stop @ 1.7203 Target 1.7450...
Moving stop to 1.7282 - pattern changed
Stopped Out - 31 pips
Friday, December 11, 2009
AUD/USD
Short @ .9131 stop @ .9195 target 1 .9098...
First Target hit @.9098 moving stop to .9158 next target @ .9033
TARGET Hit + 98 pips - took sooo long
Thursday, December 10, 2009
GBP/USD
Long 1.6320 Short 1.6222 95 to 105 pips
Long @ 1.6320 stop @ 1.6270 first target 1.6412
STOPPED OUT -50 PIPS....
EURO
Sell Limit order to short @ 1.4777 and short or add to short @ 1.4667 target 100 to 110 pips... This is a very nice setup...Hope it helps...SHORT @ 1.4777 stop 1.4827 target 1.4677 moving stop to 1.4722 locking in 55 pips
Adding to short @ 1.4667 target 145.67
You can't draw it up any better then this setup...
SECOND TARGET HIT + 200 PIPS
Gold Futures
Long @ 1139.10 Short @ 1122.50 target 15 to 18 points either way...
LONG @ 1139.10 Stop @ 1133.00 Target 1 @ 1150.00
STOPPED OUT -6.10 POINTS - THAT HURT... I think my stop was too short, this is one time I wish I was awake... I would have been able to move my stop and capture some profit....
USD
Long @ 76.60 Short @ 76.29 target 30 to 40 ticks
Short @ 76.29 Stop@ 76.45 first target @ 76.17
STOPPED @ 76.45 - 16 TICKS :>((
Wednesday, December 9, 2009
CME
Here's a nice setup with a stop @ 310 and first target at 337 then manage till you can't take anymore profits.... Hope it helps... LONG @ 325.91 Hit Target + 32%
Money Do List
currencies
EUR/USD Long @ 1.4774 Short @ 1.4672 target 95 to 105 pips either wayEUR/GBP Long @ .9060 Short @ .9034 target 45 to 55 pips either way
Long @ .9060 Stop @ .9031 first target .9099
STOPPED OUT -29 PIPS
GBP/CHF Long 1.6729 Short @ 1.6644 target 80 to 90 pips
Long @ 1.6733 stop @ 1.6690 first target 1.6781
STOPPED OUT @ 1.6690 - 39 pips
Futures
EURO Long @ 1.4758 Short @ 1.4675 target 75 to 85 either way
ES Long @ 1097.25 Short @ 1084.75 first target 5 points
Long @ 1097.25 stop @ 1092 first target @ 1100.75
TARGET HIT +4.5 points
YM Long @ 10339.25 Short @ 10227.75 first target 32 points
Long 10339.25 Stop @ 10296 first target @ 10373
First Target hit @ 10373 next target 10411
TARGET HIT 10411 TOOK FOREVER!!!!! +71.75 points
ZN 10 year treas Short @ 118'114 first target 118'098
Short @ 118'130 Stop @ 118'117 first target 118'045
Target hit @ 118'045 moving stop to 118'045 next target 118'030
TARGET HIT + 1 - YIPPEE
ES Futures
ES Long @ 1097.75 Short @ 1089.50 target 8 points either way
Short @ 1089.50 Stop @ 1097.50 first target @ 1082.50
Moved stop to 1087.50 STOPPED OUT + 2 points
NQ Long @ 1781.25 Short @ 1767.75 target 13 to 15 points either way
Short @ 1767.75 stop @ 1781.25 first target @ 1755.25
Moved stop to 1762.75 Stopped out + 5 points - not what I had in mind...
Currency Setups
NZD/JPY Long @ 62.86 short @ 62.00 target 85 to 95 pips
Long @ 62.90 Stop @ 62.40 first target @ 63.62
First target hit Moving stop to 63.60 second target 64.11
TARGET HIT +121 PIPS
CAD/CHF Long @ .9667 Short @ .9625 target 45 to 55 pips
Long @ .9667 Stop @ .9620 first target @ .9693
First target hit moving stop to .9663
Moving stop to .9762 new target .9824
SECOND TARGET HIT @.9824 + 157 pips
EUR/CAD Long @ 1.5687 Short @ 1.5623 target 60 to 70 pips
Short @ 1.5623 Stop @ 1.5687 first target 1.5580
TARGET HIT +43 pips
This was a good lesson today... I had too many trades on and set a limit order to sell in case of a gap down and I only got the first target... Had I managed the trade as I usually do, I would have hit second target!!!!!
Tuesday, December 8, 2009
BORN TO TRADE
I'm not seeing any setups for tonight... The USD was a great setup that I posted earlier today... As I posted my thoughts about the dollar, I got sidetracked with other things like sending alerts, moving stops, targets and postings... I missed the USD trade because I was TOO busy... In the end I believe I was born to trade... I hope my postings are helping people that struggle with trading or investing as I continue to promote TRANSPARENCY in very secretive industry... Being a disciplined trader is very HARD but PROFITABLE!!! I'm out for the night...
Worth a watch... TBT
I COULDN'T HELP MYSELF!!!!
Cad/Jpy
Moving stop to 83.47 locking in +121 pips...
Target Hit @ 83 plus +168 pips.... Life is good!!!!!!!!!!!!!!!!!!
I Love to TRADE............
USD & Equities
The usd is trying to break out... This would start a market correction unless the two have gotten DIVORCED... I know they have been separated for a while, but lets see what happens this week...
GMAIL
My gmail is not working so I wasn't able to send alerts this morning... We're working on it...
Monday, December 7, 2009
AUD/CAD
Long @ .9619 Short @ .959 target 55 to 65 pips... Hope it helps
Short @ .959 stop @ .9620 first target .9558
STOPPED OUT!!! -61 PIPS while I was asleep
GOLD Futures
When gold gets to 1181.80 I will look @ how it reacts and position myself for a short unless it tells me otherwise... Hope it helps
Potential Setups
Cad/Jpy long @ 85.85 Short @ 84.68 Target 95 to 105 pips either way
Short @ 84.68 Stop 8507 first target 84.02 second target 83 new stop 83.69
Eur/Chf Long @ 1.5153 Short @ 1.5104 Target 45 to 55 pips either way
Short @ 1.51.04 stop @ 1.5120 first target @ 1.5054
ES Futures long @ 1110.50 Short @ 1099.75
Stopped out +5 points
Short ES @ 1099.75 first target @ 1095.75 hit Stop @ 1094.75 Locking in 5 points
Also some of the etfs are setting up nicely will advise later... Hope it helps
ES Futures
Long @ 1106.25 stop @ 1102.25 tagret @ First target 1110.75...
Moving stop to 1108.25 locking in 2 points risk free trade...
STOPPED OUT +2 - Not what I was looking for
Sunday, December 6, 2009
Euro Short
When the euro retraces to the 50% I will short with my stop just above the 61% retracement...
Hope it helps...
Potential Setups
Eur/Aud Long 1.6294 short @ 1.6166 Target 125 to 135 pips either way
Long @ 162.99 stop @ 162.44 first target @ 1.6325 second target 1.6410
STOPPED OUT!!!!!!!!!!!!! - 54 PIPS
Aud/Nzd Short @ 1.2709 Long @ 1.28 Target 80 to 95 pips either way
Long @ 1.28 stop@ 127.60 First target @ 1.2842
Will add to position if breaks above 1.2812
In my opinion there aren't a LOT of setups for tomorrow at this time... Is the USD rally a fake or real? Will the S&P break higher? Will gold hold @ support?Some of these questions should be answered this week... There isn't a lot of CLARITY... Hope it helps...
Friday, December 4, 2009
Thursday, December 3, 2009
Gold Futures
Short @ 1201.30 Stop 1207.30 Target 1181.30... I'm going to bed...Hope it helps
Moved my stop to 1213.90 to previous high of box pattern...
TARGET HIT +20 moving stop to 1188.40 Managing this trade to capture more profit...
Closed out trade @ 1169.90 HUGE +38 points
Forex Setups
Cad/Jpy Long @ 83.89 target 85.70 - TARGET HIT +181 PIPS
Aud/Nzd Short @ 127.80 target 1.2727 stop @ 1.2808 TARGET HIT + 53 pips
Gbp/Cad Long @ 1.7559 Short @ 1.7454 target 95 to 105 pips either way
SHORT @ 1.7453 target 1.7356
Gbp/Jpy Long @ 146.13 Short @ 145.39 target 65 to 75 pips either way
LONG @ 146.19 target 149.23 stop @ 147.60
Nzd/Jpy Long @ 64.06 Short @ 63.36 target 65 to 75 pips either way
LONG @ 64.06 target 64.81 stop @ 64.14
Aud/Jpy Long @ 81.99 Short @ 81.10 target 80 to 90 pips either way
LONG @ 81.99 target @ 82.99 stop@ 82.12
This should keep you busy... Looks a lot better then a HONEY DO LIST!!!! Hope it helps...
/ZB 30 Year Treas
Long @ 120'10 stop 119'26 first target 120'22 second target 121... Hope it he
Order Canceled
Wednesday, December 2, 2009
AUD/USD
Moving stop to .9260 now becomes a risk free trade...
Stopped out +5 pips - NICE!!! Just kidding........
AUD/USD
Long @ .9295 stop @ .9235 target 1 @.9312... Hope it helps
Reversed and went short @ .9265 stop@.9295 first target @ .9207
TURMOIL Creates OPPORTUNITY
For those of you that mirrored my Gold Strategy I posted on September 13, 2009, I'm sure your profits have been HUGE! Those of you that didn't, I've got only one thing to say: oh, well...
I want you all to remember that, where there is TURMOIL, there are also OPPORTUNITIES!!!! The Dubai World issue, all world currencies becoming increasingly volatile, the equity markets testing resistance, gold selling at a record high, the HEAVY WEIGHT fight of inflation vs deflation, industry insiders selling 26 to 1, an astonishing lack of liquidity in the banking system - and the list goes on and on. I won’t bore you with more details, since I’m sure you all already know what's going on, and are watching. Fear is creeping into the marketplace just as the toxic paper that brought down our financial system has done. H'mmm, SURE smells like TURMOIL to me and that spells OPPORTUNITY. We've all got to be patient and wait for the opportunities to reveal themselves, which they are going to do in fairly short order.
Keep tuned for more information and further developments!
ES Futures
Long @ 1111.25 Short @ 1105 ... Hope it helps
WENT LONG @ 1111.25 Hit Target 1 @ 1115.50 +4.25 Points
Eur/Jpy
Target 1 hit @ 131.55 moving stop to 131.27 next target @ 132.38... Hope it helps
STOPPED OUT +22 pips - not what I was looking for!!! Had I been awake I would have captured at least 50 pips but I was sawing logs... Expensive to DREAM!!!!
Tuesday, December 1, 2009
Friday, November 27, 2009
Thursday, November 26, 2009
CAD/CHF - EUR/CAD - EUR/GBP
Limit orders for
cad/chf long above .9503 short below .9479 - target 20 to 30 pips
Eur/Cad short 1.5847 long @ 1.5935 target 80 to 90 pips
Eur/Gbp long .9119 short @ .9084 - target 30 to 40 pips
I'm so full of turkey I'm going to bed and let's see how these step children behave while I'm snoring... Just like a BOX of chocolates, you never know what you're going to get... hope it helps
Wednesday, November 25, 2009
HAPPY THANKSGIVING
I hope you all have a great Thanksgiving... We all have many things to be thankful and GREATFULL for... I haven't made many posts lately, because of distractions that affect my ability to focus and concentrate on technical setups... If you followed my suggestions from my post on 11-23, you should have done very well return wise... I'm in negotiations with investors to setup a GREAT opportunity for many of you to get involved in... Stay tunedSunday, November 22, 2009
SO Many great setups to put up I'm tired
cme, whr, vnda, blud /zs rth osg, ldk, eq /e7/zb too many but look great... hope it helps
aud/jpy currencies
aud/jpy nice setup for a long position has to meet one of two criteria's break below 79.44 by 1 pip with a stop of 20 pips or break above 82.44 for long position... hope it helps
Friday, November 20, 2009
30 Treasury Futures
This is worth watching for a break above 121'12 to go long... Hope it helps
FOR those who took this setup you made a FAT profit...
OIL Futures & USO
OIL Futures - a close up look at a nice box play on a daily chart... If you asked me to guess which way, I would say long... If you notice the breakout bar to the downside was immediately taken out the very next day and has held since... Hope it helps
This looks like a PERFECT bull flag, so a break above 41.16 would be a long for me... But because I favor the futures I will take this setup on the oil futures... Hope it helps
Third Best
When one of my followers told me I was number 3 my cage was really shaken... I'm not saying I'm the best, but my performance has been TERRIFIC!!! If you don't mirror all my trades then it's not accurate to rate my performance as you cherry pick my information...
Wednesday, November 18, 2009
I'm third best according to one of my followers
I was just informed by a follower that my performance is third best in comparison to other traders...I find it hard to believe because my success rate is so HIGH...If there are two traders better then what I do, then I need to know who they are so I can follow them and subscribe to their service...I may be moving on so I can learn how to trade better from the two traders mentioned by a follower... I can't work any harder!!!
may the trades be with you...
Tuesday, November 17, 2009
British pound futures
Long @ 1.6832 short @ 1.6750 - target 75 to 90 pips
STOPPED OUT - 82 pips short 1.6749 target 1.6683... Hope it helps
Russell Futures or IWM
Long @ 603.20 short @ 595.50... For those of you that don't trade the futures look at the IWM long @ 60.49 short @ 60.07... Hope it helps
USD/CAD
Target hit @ 1.0593 moving stop to 1.0561 next target 1.0707...
STOPPED OUT + 68 PIPS... not bad
LIMIT ORDERS Positions
USD/CAD long @ 1.04.97 moving stop to 1.0550 next target 1.0593
EUR/CAD long @ 1.5704 moving stop to 1.5694 next target 1.5798
EUR/USD short @ 1.4879 moving stop 1.4902 next target 1.4819
Canadian futures short @ .9526 stop @ .9470 next target .9344
All other limit orders from last nights posting are canceled
Hope it helps what a way to wake up - just like a box of CHOCOLATES, you never know what you're going to get...
Monday, November 16, 2009
DRIV
Here's a very unusual pattern, I've only seen this a few times and believe me I've seen thousands of charts... Should go to 31 to 33 fairly soon with the potential to drag itself all the way to 40... Hope it helps
LIMIT ORDERS
The dollar made a new low today, if this continues the market will become very INTERESTING!!!
Here are some limit orders for you all to have fun with... I've never done this before... Lets see how much fun and profits we can make... Hope it helps
Currency pairs
EUR/USD long above 1.5016 short below 1.4879 target 100 to 135 pipsUSD/CAD Long above 1.0496 short below 1.0463 target 30 to 40 pips -Quickie
EUR/CAD Long above 1.5703 Short below 1.5667 target 30 to 40 pips - Quickie I believe will go long
GBP/JPY Long above 150.36 short below 149.10 target 120 to 130 pips - I believe will go long
NZD/JPY Long above 66.87 short below 66.49 target 30 to 40 pips
Currency futures
Euro futures Long above 1.5024 short below 1.4879 target 100 to 145 pips
Canadian futures Long above .9545 short below .9526 target 40 pips
Corn
Target 1 hit @ 402 moving stop to 401 next target 408... hope it helps
Hit 1st Target +4 half contracts Stopped out +3 other half... Not bad!!!!
10 year treas
Hit 1st target moving stop to 119'040...
STOPPED OUT +15 Ticks... Not what I was looking for
LONG 10 Year
Long @ 119'025 stop @ 119'005 1st target @ 119'085...This happened while I was asleep...
Sunday, November 15, 2009
US Dollar
The dollar is at a very interesting point... Notice the double bottom pattern... The dollar has done this before if you look back... I will be watching this very closely and the S&P as well... The S&P is range bound between 1100 & 1080 - stay tuned for the fireworks... This market is like an ILLUSION!!! So we have to be magicians and figure out when and where the markets are going. Or its like an ice cream sundae, you need get a few quick bites before it all melts away...
EUR/CAD
Moving stop to 1.5707 locking in 72 pips 2nd target 1.5746... Hope it helps
STOPPED OUT WITH +72 PIPS!!!! Not Bad
Friday, November 13, 2009
I TRADE ANYTHING THAT MOVES
First off I’m sure that many of you that follow my blog think that I’ve become an FX Trader. That’s not the case at all. The fact of the matter is that there have been so many GREAT setups in the currencies I could barely keep up. I’m no different then a little kid except for my age as a kid will go where the FUN is I will go where the SETUP is…The currencies have WORN me out as I’ve been trading all-day nonstop. I have had some very nice recommendations come in this past week and I’ve been called Guru, spot on, unbelievable, one in a million and many other complimentary names which I very much appreciate and don't deserve. I would rather be called LUCKY as I use my intuition to hopefully find a lucky trade that I can share with all my followers…I will post some charts later... WORN OUT!!!!
Shorting Oil Futures
Short @ 76.55 stop @ 77.67 1st target hit @ 75.80 2nd target @ 74.49... Hope it helps
Thursday, November 12, 2009
CORN FUTURES
Placed a buy stop @ 392.50 stop @ 386.25 first target @ 398...Hope it helps
STOPPED OUT!!!!!!!!!!
OIL Futures
Placing a sell stop order below 76.56 with a stop @ 82.00 Target @ 72.00... Hope it helps
AUD/NZD
moved stop to 1.2602 and stopped out with a plus 42 pips, not what I was looking for but then again never complain about a winning trade....
NZD/USD
moving stop to .7365 now this is a risk free trade with a small profit... Hopefully will hit 2nd target...Hope it helps
NZD/USD
My good night order activated while I was asleep @ .7373 my stop is @ .7400 1st target hit @ .7344 2nd target @ .7287...Hope it helps
Wednesday, November 11, 2009
Just found this article
WELLINGTON (Dow Jones)--The New Zealand dollar was trading slightly higher late Thursday, but remained range-bound despite positive news from Australia.
"The Kiwi seems stuck around the US$0.7400 level despite what would normally pull it up: overwhelmingly positive news coming out of Australia, investor appetite," said Custom House NZ dealer Chris Hunter.
The Australian dollar rose to a fresh 15-month high after news Australia's economy created a further 24,500 jobs in October. That currency was trading at US$0.9348 ...
The above article just confirms how powerful technical analysis is... I knew nothing about this data until tonight @ 9:40 pm
as you can see I'm on both of these currencies ( see posts)... Hope it helps
NZD/USD
Placing a good night trade on the NZD/USD a break above .7446 and break below .7374... I have no clue which way it will break, but when I wake up in the morning I will find out... Hope it helps
Tuesday, November 10, 2009
EURO Long
I am placing a limit order on the EURO to go long @ 1.5020 and a limit order to go short @ 1.4936 because I do not know which way it will break... I believe that price should break to the long side because of the fact that the US dollar is at its low... With all that said, I'm going to bed and hopefully I will wake up in the morning with a nice surprise... There are other currencies that are nice setups as well, cad, aud, jpy, gbp but i like the fact that the US dollar is the catalyst to launch the EURO,,,
Hope it helps
Upgrading my computers
I haven't been able to post since I'm in the process of upgrading all the computers to Windows 7 in my trading room...
Monday, November 9, 2009
Sunday, November 8, 2009
AMZN
Here is a chart that represents pure STRENGTH! Notice how it gapped up, pulled back and then broke out again... Should go to 135 fairly quick and then to 147... Hope it helps
AUD/CAD
Moving my stop to 9880 this locks in 190 pips... You do not want to be greedy, you only take what the market is willing to give... Hope it helps
GOLD
Gold continues to behave like a well trained pet... When the price pulls back to 1072 I will add to my position... The next target for gold should be 1170 (after a pull back of course) based off my technical analysis... Hope it helps
WE ALL LOVE RULES THEY TELL US WHAT IS RIGHT AND WHAT IS WRONG!!!!!IYR
Here's another potential nice short setup... If this breaks below 40.31 I will enter a short position... Hope it helps
Friday, November 6, 2009
Thursday, November 5, 2009
Wednesday, November 4, 2009
XAU
Here's an interesting setup... As gold has been on a scorching pace this ETF which combines gold and silver is acting like a trailer behind a PACKARD!!! If this can get above 170 and hold this could be a very nice trade for a 10 point move... Hope it helps
Tuesday, November 3, 2009
Monday, November 2, 2009
UDN
Clearly you can see that the uptrend has been broken... This is the ultra short ETF for the dollar, so if the dollar breaks out to the higher side this would be a nice low risk opportunity for those of you who don't trade the futures...Hope it helps
US Dollar Futures
I'm placing a limit order to go long @ 76.58 and sell limit for a short @ 76.07... I don't know which way it will break, but I will be in the breakout either way... This is a trade that could activate while I'm sleeping... Hope it helps
Holding ourselves accountable
When a man points a finger at someone else, he should remember that four of his fingers are pointing at himself…Louis Nizer
In trading and living, the easiest way to deal with situations where you lose money, feel betrayed, hurt or wronged is to adopt the role of victim. We have become a nation of “victims” so much that people are advertising with license plates, caps and T-shirts. Last week I saw two license plates: VICTIM and IVICTIM. People who see themselves as victims love to flaunt it and get lots of publicity over it. Are we as a nation obsessed with victims? If so—why?
It’s easy to take the role of victim, since we live in a world where most are looking for the shortest and fastest way out of a situation. In a society of instant gratification where we want it all and want it now, the default mechanism is to “victim.” It’s the quick and dirty way to get it over with—just point a finger. People who wear victimhood as a badge of courage get lots of attention—so-called “secondary gain”—so there are interpersonal and sociological components to this that run very deep.
In the financial markets, you see it every day. It’s always someone else’s fault that you lost money on a trade. It’s the hedge funds, the high frequency traders, the financial media, your newsletter guru, the short sellers, the day traders, the speculators, the market manipulators, the Plunge Protection Team…..the list is endless.
What purpose does this serve? Why is victim the default?
The answer is---just like making money trading the markets---simple but not easy.
Blaming and pointing fingers absolves you from any degree of personal responsibility. In this way, you resist looking within and asking the most critical question " What is my part this?" For most of you, exploration of the inner self can be a lengthy and painful process. Looking outward and projecting fault to others is fast and easy. The former is freeing, while the latter imprisons.
Life is a creative process. You create your reality every minute---often without being aware of it. You can have, do, be and manifest whatever you imagine if you are committed and prepared to do the requisite work.
The three most powerful words you can ever say are: I Am Responsible
Personal responsibility is a mantra, a vibration, a leap of the human spirit and life force. The essence of taking personal responsibility is that you are accountable for everything you believe, think and do. Your life is yours, your choices are yours. At this very moment, you are putting into action everything you want and need.
The act of taking personal responsibility for every experience---beginning with your unconscious assumptions and unspoken inner dialog---is the first step in returning to the true source of your power and unhooking your ego from its blaming and excuse-making.
This act of making yourself accountable is perhaps the most critical part of evolving from immature reactivity to mature responsibility—both as a trader and a human being. In doing this, you expand beyond the limiting constraints of your ego into a space of unbounded opportunity and unlimited potential.
There are some 50 trillion cells in your body primed for energetic renewal. Each moment of the day, armed with the power of personal responsibility, you will continue to renew yourself. You will see yourself living life as a work of art, rather than a chaotic reaction to external events. Subtly, you will find yourself moving forward into a new freedom and a new happiness. In this way, every moment is the perfect moment...and you are always in it.
Where you are, the world is. Without your transformation, there can be no transformation of the world…J. Krishnamutri
Sunday, November 1, 2009
VIX BREAKOUT
Look at the volatility index how it broke out Friday... This type of volatility should create some GREAT intra-day and day trading opportunities!!!! Can hardly wait
GOLD Bounce
Gold definitely bounced off support @ 1027... This is a very bullish setup as I wait for another opportunity to add to my position... Hope it helps
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