Monday, October 31, 2011

Gold

If gold can hold 1700, should be a nice trade for a retest of 1754. See chart for support and swing high price. Hope this helps

Ten Year US treasury notes

Nice low risk trade with high return potential. See chart for entry, target and stop. Hope this helps

Japanese Yen

This is the problem when the government intervenes. Another reason why it's difficult to hold anything over night.
 http://www.bloomberg.com/news/2011-10-31/japanese-companies-question-long-term-effect-of-yen-intervention.html

Friday, October 28, 2011

AUD/JPY

Here's a nice setup for a short opportunity. See chart for entry, stop and target. Hope this helps

Monday, October 24, 2011

Gold futures & S&P futures

It has been a long time since I can remember gold acting like an equity. I've highlighted how price action moved in the past vs the S&P. Now they're dancing together. If this continues, I may have to short gold at the same time I get short the S&P. Stay tuned. Hop this helps

Wheat futures +3

Long setup - see chart for entry, stop & target. Hope this helps

Long @ 634.50
Stop @ 630
Target 648.75


Stopped out @ 637.50 +3

S&P futures

I posted this chart a few weeks ago and now price reached the 61.8 Fibonacci,if price can hold above the 61.8, price should test 1277. Hope this helps