Sterling is technically, bullish. My last blog which was the 29th of October, why? not much volume developed, last week the trend was in Greenback favor hitting 1.5880 Thurday 11/3/11 before bullish volume returned.
Ok, Sterling has a fundamentally High volume release on Thurday 10th, rate decision! 7:00 A.M. est., before the recession I would say, bullish Sterling all week through the decison, and yes, I'm saying, bullish Sterling all week through the decision. Watch the volume after the release, a rate hike (HAWK!) would hit, 1.6250+fast....
Support for Sterling, 1.6085, a bullish Sterling hits 1.6174 next level, 1.6141 and finally 1.6120. If Sterling doesn't find support at 1.6085 it may bear to 1.6050 continued beared volume would hit, 1.6029 and finally 1.5996. Now if you read my last blog from also a week ago the technical levels are about the same, this is good basically what has happen is a med-size double-bottom, it take the form of the letter "W", meaning! BULLISH!
Euro, ok well the fundamental, geo-pol talk push the Euro down big over the past week, I'm just going say about 300 pips below my final technical point hitting 1.3607. That's a surprise!, but the Euro continues too find bullish support.
Support for Euro, 1.3797, a bullish Euro hits a high of 1.3918, next level is 1.3873 and finally 1.3844.
If Euro doesn't find support at, 1.3797 it will bear too, 1.3750 if trend continues in the same direction, 1.3721 and finally support at 1.3676.
Trade with the trend, have take profit points, and stop-loss levels set, trade with the trend.
Thank you for your time and have a great day...
http://www.speedtrader24.com/
www.createspace.com/3597011
Tuesday, November 8, 2011
Saturday, October 29, 2011
Major HIGH fundamental releases on Friday, actually all week envoling major pairs
Exponential cash flow, volume should be high all week, you always have to be carefully the first week of the month before Fridays non-farm numbers, but this week has multiable HIGH volume fundamental releases, more than I've seen in a long time! Remember to trade with the trend.
Sterling I would say, tested 1.6000 well, hitting 1.6150 friday morning, 11:00 A.M. Going into this week, lets keep it simple!, unless the Fed. raises Rates!!, this Wedensday Sterling will continue to be bullish, well if you want to mid-range target point, 1.6250, why note be technical, anyway support for Sterling:
Support 1.6115, Sterling closed Friday, at 1.6126 Sterling is bullish technical across major long, med & short time frames! An bullish Sterling hits, 1.6194, next level would be 1.6165, then 1.6146.
Sterling not finding support at 1.6115, well it would retrace too 1.6084, next level would be 1.6065 if bear move continues, Sterling could hit, 1.6036 before bullish volume increases.
Euro, I give target point also, if you didn't know Sterling and the Euro Pairs are what you call, "PARALLEL PAIRS", www.createspace.com/3597011 ok, support for bullish Euro: 1.4226, next level would be 1.4202 & then 1.4187....
If Euro doesn't found support at 1.4162, oh!! Euro closed at: 1.4156 Friday so that's close but technically bearish...... ok, next level is 1.4137 if trend continues bearish Euro will hit, 1.4122, down to a low of 1.4093 before bullish volume returns...
Trade with the trend...
Thank you for your time and have a great day.....
http://www.speedtrader24.com/
Sterling I would say, tested 1.6000 well, hitting 1.6150 friday morning, 11:00 A.M. Going into this week, lets keep it simple!, unless the Fed. raises Rates!!, this Wedensday Sterling will continue to be bullish, well if you want to mid-range target point, 1.6250, why note be technical, anyway support for Sterling:
Support 1.6115, Sterling closed Friday, at 1.6126 Sterling is bullish technical across major long, med & short time frames! An bullish Sterling hits, 1.6194, next level would be 1.6165, then 1.6146.
Sterling not finding support at 1.6115, well it would retrace too 1.6084, next level would be 1.6065 if bear move continues, Sterling could hit, 1.6036 before bullish volume increases.
Euro, I give target point also, if you didn't know Sterling and the Euro Pairs are what you call, "PARALLEL PAIRS", www.createspace.com/3597011 ok, support for bullish Euro: 1.4226, next level would be 1.4202 & then 1.4187....
If Euro doesn't found support at 1.4162, oh!! Euro closed at: 1.4156 Friday so that's close but technically bearish...... ok, next level is 1.4137 if trend continues bearish Euro will hit, 1.4122, down to a low of 1.4093 before bullish volume returns...
Trade with the trend...
Thank you for your time and have a great day.....
http://www.speedtrader24.com/
Tuesday, October 25, 2011
Sterling testing 1.6000
As of today Tuesday the 25th, support for Sterling is 1.5966 a bullish Sterling hits 1.6072, next level down but still bullish is, 1.6033 weakest bull 1.6007.
If Sterling falls below support of 1.5966 look for support at 1.5925 if Sterling continues to fall, look for Sterling support at 1.5899, lowest bear would be 1.5866.
Bottom line 1.6000 is a major level, nothing like 1.5000!!! but Sterling must hawk!, like the Euro has this year, as well as RBA..
Euro, well support is 1.3898 bullish Euro hits a high of 1.4029 the next Euro bull hits 1.3981 the weakest bull hits, 1.3949...
If Euro's falls below 1.3898 it may bear too, 1.3847 if bear continues look for Euro to hit, 1.3815 weakest level at 1.3767....
HIGH volume fundamental release at 10:00 A.M. est, USD.......
Thank you for your time and have a great day...
http://www.speedtrader24.com/
www.createspace.com/3597011
If Sterling falls below support of 1.5966 look for support at 1.5925 if Sterling continues to fall, look for Sterling support at 1.5899, lowest bear would be 1.5866.
Bottom line 1.6000 is a major level, nothing like 1.5000!!! but Sterling must hawk!, like the Euro has this year, as well as RBA..
Euro, well support is 1.3898 bullish Euro hits a high of 1.4029 the next Euro bull hits 1.3981 the weakest bull hits, 1.3949...
If Euro's falls below 1.3898 it may bear too, 1.3847 if bear continues look for Euro to hit, 1.3815 weakest level at 1.3767....
HIGH volume fundamental release at 10:00 A.M. est, USD.......
Thank you for your time and have a great day...
http://www.speedtrader24.com/
www.createspace.com/3597011
Wednesday, October 19, 2011
Mix volume today after results of Greenback fundamental this morning 8:30 A.M. est.
Sterling and Euro were bullish today until Greenback fundamentals took over at 8:30 A.M. est and the Sterling falls most of the day, but over all hitting 1.5846 with a low of 1.5702(earlier in the session)for the session. That a bull move of 144 pips.
Trading with this recession and learning when there wasn't a recession is really a test. Bottom line, I technically think the Sterling and Euro will recover 100% over the dollar and if you know anything about ecomonics you would agree or your a serious global bear. Still volume is low...
Ok, I'm bullish on Sterling but I have to tell you if your trading, the Euro will be the better option, the pip spread is two pips less in cost, Europeans are in favor of having more than one (Major) currency,(I don't agree) and over the last year they have made a effort to be hawks, by strengthen their currency with positive rate increases!!!....So for the Euro, needs to stay above 1.3788 this is support for a bullish session if this level is support look for sterling to hit 1.3923 before noon, Thursday 20th, est.
Levels below 1.3788, first level of support at 1.3736 if Euro continues to fall look for support at, 1.3702, lowest point should be 1.3653.
Ok, I'm bullish Sterling but, it's not the same since the recession, I would say no rate increases is a major factor!,no hawk in Sterling, which isn't like Sterling of the past!, Sterling buyers must be in the Euro or Aud, side-lines, not sure, anyway a bullish Sterling holds support at, 1.5773 and should hit 1.5914 before noon, Thursday 20th, est.
Levels below 1.5773, first level of support at 1.5718 if Sterling continues to fall look for support at, 1.5684, lowest point should be 1.5632.
Euro, HIGH volume fundamental release, 2:00 A.M. est..Thursday....
Sterling, MEDIUM volume fundamental release, 4:30 A.M. est...Thursday, furthermore this release is Retail Sales numbers, well lets just say you don't want to miss this release, even though it's rated "MEDIUM"....
Thank you for your time and have a great day..
http://www.speedtrader24.com/
www.createspace.com/3597011
Trading with this recession and learning when there wasn't a recession is really a test. Bottom line, I technically think the Sterling and Euro will recover 100% over the dollar and if you know anything about ecomonics you would agree or your a serious global bear. Still volume is low...
Ok, I'm bullish on Sterling but I have to tell you if your trading, the Euro will be the better option, the pip spread is two pips less in cost, Europeans are in favor of having more than one (Major) currency,(I don't agree) and over the last year they have made a effort to be hawks, by strengthen their currency with positive rate increases!!!....So for the Euro, needs to stay above 1.3788 this is support for a bullish session if this level is support look for sterling to hit 1.3923 before noon, Thursday 20th, est.
Levels below 1.3788, first level of support at 1.3736 if Euro continues to fall look for support at, 1.3702, lowest point should be 1.3653.
Ok, I'm bullish Sterling but, it's not the same since the recession, I would say no rate increases is a major factor!,no hawk in Sterling, which isn't like Sterling of the past!, Sterling buyers must be in the Euro or Aud, side-lines, not sure, anyway a bullish Sterling holds support at, 1.5773 and should hit 1.5914 before noon, Thursday 20th, est.
Levels below 1.5773, first level of support at 1.5718 if Sterling continues to fall look for support at, 1.5684, lowest point should be 1.5632.
Euro, HIGH volume fundamental release, 2:00 A.M. est..Thursday....
Sterling, MEDIUM volume fundamental release, 4:30 A.M. est...Thursday, furthermore this release is Retail Sales numbers, well lets just say you don't want to miss this release, even though it's rated "MEDIUM"....
Thank you for your time and have a great day..
http://www.speedtrader24.com/
www.createspace.com/3597011
Saturday, October 15, 2011
Sterling trending to test 1.6000, Euro will test 1.4000
Well finally a good bullish week, Sterling testing 1.5850 Friday morning at 10:15 A.M. est. was a good sign that the bulls are in for a long-term move. Technically the trend is heading into alot of resistance, on the longer time frames of the trading platform we are approaching the higher number moving averages and like the 200 moving average. So we have a bull Sterling, bullish counter-trend volume in progress. The Euro is in the same condition technically... Technically the Euro has less resistance.
Going into this week of the 17th, we have a High volume fundamental release 4:30 A.M. est. Tuesday for Sterling, if the Greenbacks fundamentals continue to be weak, which is likely, Sterling will be testing 1.6000, natural resistance should be expected triple zero's (quarter point theory as well)....
A bullish Sterling finds support above 1.5792.... Sterling closed Friday at 1.5806...Look for a bull move 1.5873-1.6000
Euro finds support at 1.3831 for bullish trend, Euro closed Friday at 1.3877, so technically the Euro bull is trending stronger.. Natural resistance at 1.4000 should be expected triple zero's (quarter point theory as well)...Look for a bull move 1.3937-1.3999
Ok, bearish trend volume for Sterling (which I don't see), would be dropping to 1.5742 if Sterling breaks down more it could hit, 1.5711, breaking 1.5700 would mean a drop too 1.5664...
Ok, bearish trend volume for Euro (which again I don't see technically), would be dropping to 1.3766 if that bid price drops it could fall to 1.3725, falling below 1.3700 it may find support at 1.3663..
www.createspace.com/3597011
http://www.speedtrader24.com/
Thank you for your time and have a great day...
Going into this week of the 17th, we have a High volume fundamental release 4:30 A.M. est. Tuesday for Sterling, if the Greenbacks fundamentals continue to be weak, which is likely, Sterling will be testing 1.6000, natural resistance should be expected triple zero's (quarter point theory as well)....
A bullish Sterling finds support above 1.5792.... Sterling closed Friday at 1.5806...Look for a bull move 1.5873-1.6000
Euro finds support at 1.3831 for bullish trend, Euro closed Friday at 1.3877, so technically the Euro bull is trending stronger.. Natural resistance at 1.4000 should be expected triple zero's (quarter point theory as well)...Look for a bull move 1.3937-1.3999
Ok, bearish trend volume for Sterling (which I don't see), would be dropping to 1.5742 if Sterling breaks down more it could hit, 1.5711, breaking 1.5700 would mean a drop too 1.5664...
Ok, bearish trend volume for Euro (which again I don't see technically), would be dropping to 1.3766 if that bid price drops it could fall to 1.3725, falling below 1.3700 it may find support at 1.3663..
www.createspace.com/3597011
http://www.speedtrader24.com/
Thank you for your time and have a great day...
Wednesday, October 12, 2011
Sterling & Euro advancing......Greenback fundamentally weak
As of this text being written, Sterling is at 1.5727, hitting 1.5792 this morning. The Euro is at, 1.3785, ok letts recap because I haven't posted in a week and we have had major fundamental events Friday and today. First Friday payroll number were poor again bullish day for Sterling and Euro. The Sterling was at 1.5551 at the release and went up too 1.5644 by 10:30 A.M. Sterling did retrace as most fundamental trades do, too 1.5557 by the close.
Since Sunday, 6th, Sterling open at 1.5555 and has been bullish so fair this week, to Wedensday the 12th fundamentally the FOMC release was the High status, but the Sterling went on a bullish run before the release starting at 12:00 A.M. est. the Sterling was at 1.5565 and by 10:15 A.M. est. it hit, 1.5792!
Greenback fundamentals are weaker, bullish Sterling should continue, Euro also.
Ok, Sterling for Thursday if bullish trend continues it should hit, 1.5845 - 1.5900+ needs to stay or hold a support of 1.5689. Breaking below 1.5689 it could drop too 1.5594, a weaker support would be 1.5533, weaker than that, 1.5443.
Possible HIGH volume this morning for Euro, (4:00 A.M. est., fundamental release).
Thank you for your time and have a great day...
http://www.speedtrader24.com/
www.createspace.com/3597011
Since Sunday, 6th, Sterling open at 1.5555 and has been bullish so fair this week, to Wedensday the 12th fundamentally the FOMC release was the High status, but the Sterling went on a bullish run before the release starting at 12:00 A.M. est. the Sterling was at 1.5565 and by 10:15 A.M. est. it hit, 1.5792!
Greenback fundamentals are weaker, bullish Sterling should continue, Euro also.
Ok, Sterling for Thursday if bullish trend continues it should hit, 1.5845 - 1.5900+ needs to stay or hold a support of 1.5689. Breaking below 1.5689 it could drop too 1.5594, a weaker support would be 1.5533, weaker than that, 1.5443.
Possible HIGH volume this morning for Euro, (4:00 A.M. est., fundamental release).
Thank you for your time and have a great day...
http://www.speedtrader24.com/
www.createspace.com/3597011
Wednesday, October 5, 2011
basic channel volume-pre-rate decisions!!! for Sterling and Euro!
Sterling and Euro held ground today, major fundamental data in the morning with rate decisions for both... Normal I would say strong volume for both during the session before the release of the decision and you know what, I'm saying it, look for stronger volume, more than likely neither will raise rates, but they should..
Ok, Sterling is still below 1.5500, which is bad, Sterling should be above 1.5800... If Sterling can't break and hold above 1.5500 with this fundamental data, than look for a bear as low as 1.5365..
Ok, Euro same deal, needs to stay above 1.3375 and hold, if it doesn't look for a bear as low as 1.3200
I could give technical reading for bullish move by both, but I'm not, technically they are bearish, so the only thing that would change the trend is some Hawish talk from the rate decisions, or actual rate increases, which isn't likely but you never know..
OK, OK, lets talk Sterling and Euro bull, if Sterling hits stay above 1.5444 it technically may bull too 1.5523.. The Euro, if it stays above, 1.3328 it technically may bull to 1.3450.. all before the fundamental data is release (rate decisions)..
Trade with the trend.......
Friday is major fundamentally, so we will have to wait, alot of money is on the sidelines waiting.
www.createspace.com/3597011
http://www.speedtrader24.com/
Thank you for your time and have a great day.
Ok, Sterling is still below 1.5500, which is bad, Sterling should be above 1.5800... If Sterling can't break and hold above 1.5500 with this fundamental data, than look for a bear as low as 1.5365..
Ok, Euro same deal, needs to stay above 1.3375 and hold, if it doesn't look for a bear as low as 1.3200
I could give technical reading for bullish move by both, but I'm not, technically they are bearish, so the only thing that would change the trend is some Hawish talk from the rate decisions, or actual rate increases, which isn't likely but you never know..
OK, OK, lets talk Sterling and Euro bull, if Sterling hits stay above 1.5444 it technically may bull too 1.5523.. The Euro, if it stays above, 1.3328 it technically may bull to 1.3450.. all before the fundamental data is release (rate decisions)..
Trade with the trend.......
Friday is major fundamentally, so we will have to wait, alot of money is on the sidelines waiting.
www.createspace.com/3597011
http://www.speedtrader24.com/
Thank you for your time and have a great day.
Tuesday, October 4, 2011
Recession trend growing...bear!
Yes, Friday is a major fundamental day, and tradionally volume is low or weak before the release, but this is different. Yes the Sterling and Euro had bull move today earlier in the USD market time, but it's bearing fast.... Bottom line, Sterling has HIGH volume new coming out this morning, and the Euro also, if it's bad, bear is winning, (Greenback) hell it's winning now... Dow will fall.
So what do we have, if the Sterling can't stay above1.5433, dollar strength too 1.5377 maybe as low as 1.5289.... Euro is in a better condition but not by much, needs too stay above 1.3276 if not 1.3191- 1.3056 it will fall... It's looking like Greenback strength technically, but we have fundamental factors in a few hours...
Remember, trade with the trend, or stay on the sidelines...http://www.speedtrader24.com/
Thank you for your time and have a great day..
So what do we have, if the Sterling can't stay above1.5433, dollar strength too 1.5377 maybe as low as 1.5289.... Euro is in a better condition but not by much, needs too stay above 1.3276 if not 1.3191- 1.3056 it will fall... It's looking like Greenback strength technically, but we have fundamental factors in a few hours...
Remember, trade with the trend, or stay on the sidelines...http://www.speedtrader24.com/
Thank you for your time and have a great day..
Monday, October 3, 2011
Greenback strength continues
Another day for the Greenback, against the Sterling and Euro, the Sterling drop about 150 pips today against the dollar hitting, 1.5419 around 5:00 P.M., most professionals consider that time, Tuesday but for the blog it's still Monday, 3rd... The Euro took a major hit, breaking down to 1.3162, for 220+ pip loss today against the Greenback. Yes I had the Euro, took a loss of 50 pips today, to much again.
Greenback is very strong the last month and seems to be getting stronger...breaking 1.5500 against the Sterling was big..... We have alot of news this week for the Sterling and Greenback. Looking at the Dow, the price of gas at the pump, which is dropping, (sounds good but it isn't) the Double Dip, is developing...... So take Greenback profits when available, but I wouldn't sit in, med-term or long-term trades.......
I'll be on the sidelines most of this week waiting for Friday.... Fed is speaking in the morning, volume should rise, for scalping trades, Sterling rate decision is also this week, this may produce high volume.
I maybe alittle early with this information, but better to be early than know to late, The Real-Deal is this, Sterling breaking below 1.5000!! and holds, I have been tracking Sterling almost 8 years daily, if that happens, MAJOR BEAR, Sterling, Euro, Dow, all will fall just like 2007-2008... The Greenback will be a safe-haven... If it's like 2007-2008 and you follow the bear trend, Greenback bullish against the Sterling and Euro, you will make alot of Money!(during a major recession)....www.createspace.com/3597011
As I'm writing this blog, Sterlings at: 1.5430-- so we will track...
Thank you for your time and have a great day....
Greenback is very strong the last month and seems to be getting stronger...breaking 1.5500 against the Sterling was big..... We have alot of news this week for the Sterling and Greenback. Looking at the Dow, the price of gas at the pump, which is dropping, (sounds good but it isn't) the Double Dip, is developing...... So take Greenback profits when available, but I wouldn't sit in, med-term or long-term trades.......
I'll be on the sidelines most of this week waiting for Friday.... Fed is speaking in the morning, volume should rise, for scalping trades, Sterling rate decision is also this week, this may produce high volume.
I maybe alittle early with this information, but better to be early than know to late, The Real-Deal is this, Sterling breaking below 1.5000!! and holds, I have been tracking Sterling almost 8 years daily, if that happens, MAJOR BEAR, Sterling, Euro, Dow, all will fall just like 2007-2008... The Greenback will be a safe-haven... If it's like 2007-2008 and you follow the bear trend, Greenback bullish against the Sterling and Euro, you will make alot of Money!(during a major recession)....www.createspace.com/3597011
As I'm writing this blog, Sterlings at: 1.5430-- so we will track...
Thank you for your time and have a great day....
Sunday, October 2, 2011
Bearish tone going into the first week of October....
Well, the market opens 6:00 P.M., Sunday....Sterling closed friday at: 1.5589 which is bearish, and the Euro closed: 1.3394, which is very bearish. Oh by the way I had 1 Sterling at 1.5590, not really trading Friday, I had to take a loss on that trade of 150 pips to close the week... Yes poor trade on my part, I had a profit on Thurday and should had taken it... It's very important to keep your losses low in this market 10 to 15 pips, I don't care how big your account size is... Beware of Ego.... It happens.... Follow or Trade with the trend, or don't trade... stay in the NOW, while trading....
The first week of the month, YES!, so what's up!, Friday......., volume maybe low this week, everyone will be waiting for friday...Best to be smart and wait, or trade, in super scalp mode...USD.. maybe strong this week before Friday....www.createspace.com/3597011
Has anyone notice the price of gas or the Oil in the USA, it's been going down, I went by a gas station and saw gas at $3.23, that's low!, Our Oil barrels in the market are around $80.00, that's too low, it must be Gov't, regulation or something, in London, their around, $110-100 a barrel...., If prices are going to be regulated, and continue, to go down, the Dow continues to fall, the Sterling falls, We will be heading towards the "Double Dip"...... Unemployment will raise..... Where will the MONEY flow??, I know, but lets wait and see..., October will be a serious month in the Financial World.......
Oh, how Dovish, we are........it's a shame....http://www.speedtrader24.com/
Thank you for your time and have a great day......
The first week of the month, YES!, so what's up!, Friday......., volume maybe low this week, everyone will be waiting for friday...Best to be smart and wait, or trade, in super scalp mode...USD.. maybe strong this week before Friday....www.createspace.com/3597011
Has anyone notice the price of gas or the Oil in the USA, it's been going down, I went by a gas station and saw gas at $3.23, that's low!, Our Oil barrels in the market are around $80.00, that's too low, it must be Gov't, regulation or something, in London, their around, $110-100 a barrel...., If prices are going to be regulated, and continue, to go down, the Dow continues to fall, the Sterling falls, We will be heading towards the "Double Dip"...... Unemployment will raise..... Where will the MONEY flow??, I know, but lets wait and see..., October will be a serious month in the Financial World.......
Oh, how Dovish, we are........it's a shame....http://www.speedtrader24.com/
Thank you for your time and have a great day......
Thursday, September 29, 2011
Geo-Political news bearing the bull.....
Well the Sterling did bull today after yesterday news, had a nice retracement to 1.5714 or 1.5717 depending on where you get your price quotes from (review yesterday blog), it peak a lot earlier than I thought 10:30A.M. est. After that it was a Greenback day. Hitting 1.5579 by 3:00 P.M. est.
The Euro hit a high of 1.3678 by 6 A.M. est., I track a bull of 1.3775 for today, but the Geo-Political meetings and news is too dovish...so it didn't even reach 1.3700.
Ok, going into Friday, Geo-Political meetings has alot of the money on the side-lines or short.. Oh, yesterday I said I had 1 lot of Euro at 1.3615, I took 43 pips profit at 4:30 A.M. est. Now I'm have 1 Sterling at 1.5690 I could have take profit this morning around 10:30 A.M. est., for about 10 or 15 pips, but I didn't & I had to leave so I put a take profit point of 1.5715 with my software and what happen? Sterling hit, 1.5714.2, I miss my profit goal by .8 of a pip, I wasn't near my software, now I'm staying on the side-lines this last day of the week, even though Canada has HIGH volume news coming out at Friday at 8:30 A.M est.
As I'm writing right now, Sterling is at, 1.5590 it looks technically bearish,(I'm still holding my lot) if Sterling breaks up through 1.5622 it should finish Friday at 1.5729-1.5792. The Euro, is at 1.3530 very bearish if the Euro breaks through 1.3597 it should also finish friday bullish at 1.3700-1.3753.
China has some news coming out this weekend after market hours, it may also be effecting volume. All the extra dovish media isn't good for the Dow either... Raise rates between the banks, raise interest rates! Hawk!!
Thank you for your time and have a great weekend..
The Euro hit a high of 1.3678 by 6 A.M. est., I track a bull of 1.3775 for today, but the Geo-Political meetings and news is too dovish...so it didn't even reach 1.3700.
Ok, going into Friday, Geo-Political meetings has alot of the money on the side-lines or short.. Oh, yesterday I said I had 1 lot of Euro at 1.3615, I took 43 pips profit at 4:30 A.M. est. Now I'm have 1 Sterling at 1.5690 I could have take profit this morning around 10:30 A.M. est., for about 10 or 15 pips, but I didn't & I had to leave so I put a take profit point of 1.5715 with my software and what happen? Sterling hit, 1.5714.2, I miss my profit goal by .8 of a pip, I wasn't near my software, now I'm staying on the side-lines this last day of the week, even though Canada has HIGH volume news coming out at Friday at 8:30 A.M est.
As I'm writing right now, Sterling is at, 1.5590 it looks technically bearish,(I'm still holding my lot) if Sterling breaks up through 1.5622 it should finish Friday at 1.5729-1.5792. The Euro, is at 1.3530 very bearish if the Euro breaks through 1.3597 it should also finish friday bullish at 1.3700-1.3753.
China has some news coming out this weekend after market hours, it may also be effecting volume. All the extra dovish media isn't good for the Dow either... Raise rates between the banks, raise interest rates! Hawk!!
Thank you for your time and have a great weekend..
Wednesday, September 28, 2011
Thursday bid price goals....
Once the Euro and Sterling recover from the USD fundamental news a good bull-day would be hitting a price of, 1.5715 for the Sterling. The Euro would be a range of 1.3775-1.3804 between 11:00 A.M. est. - 2:00 P.M. est., Thursday...for both...
Thank you for your time and have a great day..
http://www.speedtrader24.com/
Thank you for your time and have a great day..
http://www.speedtrader24.com/
high volume USD news......bear
Wedensday, Euro and Sterling session was bullish until, USD news was released at 8:30 a.m. est... the bear appeared, but the Euro and Sterling held ground for a while, but fundamental events take over technicals, it was bullish for the greenback today. One think, when trading, trade with the trend or don't trade.... The volume is a given it's a 6 trillion dollar market, ok as I said yesterday I wasn't speedtrading, I closed my Sterling lot for a 10 pip profit after the news(1.5543) was release at 8:30 a.m.... and what did I do, sometime I shouldn't---brought the Euro at 1.3615, why? well fundamental trade volume doesn't last long most of the time, plus HIGH volume Euro news is coming out 3:55 A.M. est., Thursday. Sterling news is also coming out at 4:30 A.M. est., it Medium volume status.
Technically I should not own Euro at this price, as of 7:05 P.M. est. the Euro is at: 1.3541. I'm technically bullish on the Sterling and Euro, however if the Sterling breaks below 1.5551 and goes bearish the support will be 1.5509-1.5500, if that support doesn't hold it will be a Big bear, or bullish for the Greenback, but bearish for the Euro, Sterling and The Dow....
Thank you for your time and have a great day....
Technically I should not own Euro at this price, as of 7:05 P.M. est. the Euro is at: 1.3541. I'm technically bullish on the Sterling and Euro, however if the Sterling breaks below 1.5551 and goes bearish the support will be 1.5509-1.5500, if that support doesn't hold it will be a Big bear, or bullish for the Greenback, but bearish for the Euro, Sterling and The Dow....
Thank you for your time and have a great day....
Tuesday, September 27, 2011
Bullish Volume..
Euro and Sterling had bullish session today, Euro hitting 1.3655 around 9:00 a.m. est. and then touch 1.3660 at 2:00 p.m. (please review yesterdays blog). The Sterling all bull just going over, 1.5700 by 10:30 a.m. est...
I miss alot of the bullish move, I wasn't around my platform today at the right times, life happens, anyway I took 15 pips just before mid-night, took 3 pips about a hour later, and took 30 pips around 7:00 a.m est.. I should have put in a take profit number with my software but I did, anyway it's about taking consistent profits and keeping loses low or having none.
Ok, we have HIGH ranking fundamentals (news) in the Euro-sector at 2:00 a.m. est., should be strong volume, furthermore at 8:30 a.m. est. we have more HIGH ranking news for the Greenback. A lot of people are down on the market, I technically think it's bullish, I think support was hit with that bear move last week.
Well I'm not really speedtrading tonight I'm going to be in on the Euro-news and track trade the result. I'm bought 1 lot of Sterling tonight at 1.5632, I technically like Sterling bulls between 1.5500-1.5750, as we saw today (take profits), Wedesday a strong Sterling hits, 1.5775+ looking at my charts and higher time frames I see the Sterling hitting, 1.5915-1.5925 within 5 days.. I don't see any real resistance technically until that point, fundamentally Sterling has no news coming out the rest of the week, it's mainly Euro and Greenback data...
Thank you for your time and have a great day...www.createspace.com/3597011
I miss alot of the bullish move, I wasn't around my platform today at the right times, life happens, anyway I took 15 pips just before mid-night, took 3 pips about a hour later, and took 30 pips around 7:00 a.m est.. I should have put in a take profit number with my software but I did, anyway it's about taking consistent profits and keeping loses low or having none.
Ok, we have HIGH ranking fundamentals (news) in the Euro-sector at 2:00 a.m. est., should be strong volume, furthermore at 8:30 a.m. est. we have more HIGH ranking news for the Greenback. A lot of people are down on the market, I technically think it's bullish, I think support was hit with that bear move last week.
Well I'm not really speedtrading tonight I'm going to be in on the Euro-news and track trade the result. I'm bought 1 lot of Sterling tonight at 1.5632, I technically like Sterling bulls between 1.5500-1.5750, as we saw today (take profits), Wedesday a strong Sterling hits, 1.5775+ looking at my charts and higher time frames I see the Sterling hitting, 1.5915-1.5925 within 5 days.. I don't see any real resistance technically until that point, fundamentally Sterling has no news coming out the rest of the week, it's mainly Euro and Greenback data...
Thank you for your time and have a great day...www.createspace.com/3597011
Monday, September 26, 2011
Dollar strength of the last month is weaker.
Much is said about the Euro zone, but it's not as bad as the United States, the Euro and Sterling are stronger today, the Sterling is above 1.5500 as of 7:30 p.m. est., and the Euro's fundamentals are stronger, this morning, tuesday at 2:00 A.M., more fundamental volume will be in with, consumer confidence news, I'm in all ready at 1.3512, it's about 7:35 p.m. est., I maybe out before the release, more than likely within the hour or 1.5 hours, if the Euro breaks 1.3535, technically I'm tracking 100 pip move by 12:00 noon, est. Tuesday the 27th, that's a technical move, we have news coming out so, the release my be negative..., if so Euro strength will be delayed, but recover.
The Sterling is holding above 1.5500 which is strong, if Sterling bulls come in during the Tuesday London session, the next 250 pips should be bullish for Sterling.
Thank you for your time and have a great day...
The Sterling is holding above 1.5500 which is strong, if Sterling bulls come in during the Tuesday London session, the next 250 pips should be bullish for Sterling.
Thank you for your time and have a great day...
euro ifo news (fundamental speed trade)
Good morning, good numbers for the euro this morning the fundamental or news report came out 4 am. est. all numbers were above expectations the session was strong just before news was release. The Euro opens at 3 am, I took it at 1.3410 it drop too 1.3350, the news was bullish just before 5 am est, it hit 1.3480, I got out at 1.3447 just before 6 am, 35 pips in a few hours, my exit was 15 pips too slow, but it's a strong trade. The Sterling was also strong off the news, tracking Sterling is sweet, for some reason it reads excellent, but since it was Euro news I didn't purchase it during this fundamental session, it's testing 1.5500 anyway.....
If you have questions, ask...., if you don't want too ask, read, "Speed of Space".
Thanks for your time and have a great day...
If you have questions, ask...., if you don't want too ask, read, "Speed of Space".
Thanks for your time and have a great day...
Sunday, September 25, 2011
Offering the Foreign Exchange Market
Great day, just want to let individuals know about the forex market, it's an service for individuals and not just the large banks and investment firms. My book, "Speed of Space" offers the technicals you need to take consistent profits, but the key is to keep your loses low. It's not a gamble it's about technical or fundamental decisions (news releases)....The past month the USD is the bull against the EURO and STERLING... Currency trading isn't investing it's about taking fast profits using quantitative analysis.
Thank you for your time and have a great day...
Thank you for your time and have a great day...
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