Saturday 17 September 2011
Usd/Cad 4Hrly SHS
SHS - Head and Shoulder pattern on the 4hrly timeframe. Usd/Cad has now broken under strong support at 0.9829 after breaking the SHS neckline at 0.9852 and has been in a sideways consolidation pattern under that resistance for the past day. The measured move would target 0.9667.
Thursday 15 September 2011
QE3 for Europe ! Who wudda thunk it
News out regarding swap lines between BoE, BoJ, ECB, SNB and Fed... Basically we have reached Defcon 1 as far as liquidity in the European Banking sector is concerned thus the Fed is basically flooding the Eurozone with Dollar liquidity.
Immediately, the Dollar is diving against everything except metals. Stocks are running higher with European Banking stocks skyrocketing.
The biggest question is whether the market will now realise that indeed we have been sailing along a knifes edge and whether this action is in fact the preparation before a Greek Default ? What will be the effects of such an event on the other PIIGS especially the two 600 lb. gorillas in the room Italy and Spain ?
Whatever the coming events, this is not a market for the faint hearted nor the inexperienced.
Good Luck, and keep it tight.
Immediately, the Dollar is diving against everything except metals. Stocks are running higher with European Banking stocks skyrocketing.
The biggest question is whether the market will now realise that indeed we have been sailing along a knifes edge and whether this action is in fact the preparation before a Greek Default ? What will be the effects of such an event on the other PIIGS especially the two 600 lb. gorillas in the room Italy and Spain ?
Whatever the coming events, this is not a market for the faint hearted nor the inexperienced.
Good Luck, and keep it tight.
Stock Indexes
Two horrible choppy days but are we finally getting to an area to re short. The two to watch are the Dax which has been leading the pack and the Nasdaq. Measured moves have been now completed basis the 4 hrly moves and we are getting onto channel and fib extension areas.
Wednesday 14 September 2011
AudUsd
The Head and Shoulder pattern completed almost perfectly. Currently seeing a nice bounce out of the 1.0190 area.
http://screencast.com/t/GwVFGAvxZGEV
http://screencast.com/t/GwVFGAvxZGEV
Monday 12 September 2011
On this day
It would be remiss of me not to say a few words about this day so so many years ago.
Our world changed forever.. If your a tinfoil hat wearer, then you know. If you dont believe in the conjecture surrounding 9/11 then I also understand.
But people lost their lives, wives lost husbands, husbands lost wives, children and grandchildren lost fathers and grandfathers, mothers and grandmothers...
Take a moment out of your day to think of the lost and for those that lost.
Humanity is all we really have. Tell those that you love, that you love them, each and every single day. Whether your Cristian, Jew, Muslim, Budist, Taoist.. what ever your faith.. Give thanks for the loved ones that surround you and those that fill your life with purpose and joy... even those that torment you.
Just a thought!
Our world changed forever.. If your a tinfoil hat wearer, then you know. If you dont believe in the conjecture surrounding 9/11 then I also understand.
But people lost their lives, wives lost husbands, husbands lost wives, children and grandchildren lost fathers and grandfathers, mothers and grandmothers...
Take a moment out of your day to think of the lost and for those that lost.
Humanity is all we really have. Tell those that you love, that you love them, each and every single day. Whether your Cristian, Jew, Muslim, Budist, Taoist.. what ever your faith.. Give thanks for the loved ones that surround you and those that fill your life with purpose and joy... even those that torment you.
Just a thought!
Ok lets give this a go again
Given the massive amount of intervention in various forms in these currencies I have pretty much just traded Stock Indexes, Crude Oil and one or two currency pairs.. Namely Aud, Kiwi and Euro...
The rest are just too hard right here. Swiss / anything I have completely removed from my charts for the wee while as they are way way too open to spoofs. Yen pairs a little less so, but the risk reward profile also is just not there to bother risking your capital.
Right here, we are on the brink of some vey very serious stuff. As those that I speak to and advise on a daily basis know, I am expecting a major rise in the USD to commence. Stock Indexes to revisit 2008 lows and commodities to drop.
Ok lets start with Crude Oil - Hourly Chart - Thus far we are retracing / copying the move of September 1-2-5.
The rest are just too hard right here. Swiss / anything I have completely removed from my charts for the wee while as they are way way too open to spoofs. Yen pairs a little less so, but the risk reward profile also is just not there to bother risking your capital.
Right here, we are on the brink of some vey very serious stuff. As those that I speak to and advise on a daily basis know, I am expecting a major rise in the USD to commence. Stock Indexes to revisit 2008 lows and commodities to drop.
Ok lets start with Crude Oil - Hourly Chart - Thus far we are retracing / copying the move of September 1-2-5.
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