Here is last Thursday’s video for FXStreet & shows just how powerful the 60min fatman indicator can be for showing us the day’s likely trend for a currency. For this trade I used the 60 min fatman which I now look at each morning to see which currencies are overbought or oversold. Last Thursday it was most definitely a day for the Canadian Dollar and
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Last Thursday’s short call on the 240 min gbpjpy chart duly in the overnight Asian session, since when the pair has continued to move lower. The chart shows a healthy red trend, with a red heatmap, red volume with my double timeframe also red I am not expecting a reversal higher any time
Ahead of the London FX trading session, our Hawkeye fatman indicator is giving us a strong signal of a potential trade in the currency markets today, with the British pound moving from an overbought position, and the Japanese yen moving from an oversold region on the indicator. The fatman tells us simply and quickly which currency pairs are likely to offer the lowest risk trades
Here is my video and text from my Currencies Watch slot for FXStreet where the trade of the day is most definitely with the eurodollar as it continues to defy its critics. With no significant fundamental news this morning in Europe markets are likely to be sluggish and confined to narrow trading ranges, at least until the US open when traders can look forward to
Since the start of December, the tight correlation between the eurodollar and risk assets has deteriorated and is now much less relevant than in 2011 when any rise in the euro usually meant a strong performance from the S&P500. In it’s place we can now look to carry currencies such as the Aussie Dollar against either the Japanese Yen or even the US dollar for
The recent volatility in gold has tested even the most ardent of gold bugs once the gold price fell below the 200 day ma on 21 Dec and continued to do so until 29th December when the price hit a low of $1522 per ounce. However, this apparent collapse has provided the perfect platform for a dramatic rebound which has seen the gold price climb
Wishing everyone a very Happy 2012 – it’s going to be a real roller coaster with lots of volatility and potential for some great trades. If you are planning to make any New Year trading resolutions then you should include one which ignores 99% of what is said and written in the media. Stick to your charts & your own analysis – it’s just as
Friday’s trading room once again gave us a fantastic example of the power of Hawkeye, this time in the Euro dollar pair, following the Non farm payroll release in the US. Without Hawkeye, we would have left money on the table. With Hawkeye, we stayed with the trend, only closing out as the trend came to an end signalled by the change in trend colour from
The simple answer is nothing! All traders and investors watch the same charts, listen to the same news releases, and are subject to exactly the same emotional pressures as everyone else. However, there is one thing that differentiates these top traders from the rest: they understand the importance of money management and, in particular, the risk associated with each and every trade. In these difficult
The CFTC data is still showing the non-commercials, ie speculators, are still heavily net short the euro. In fact, as of last Friday net shorts had increased by almost 22,000 contracts and even though they are still not as short as they were in October, many are becoming deeply frustrated that overall the euro is just refusing to die, despite ongoing problems in the eurozone,
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Copyright © 2012 All Rights Reserved
Copyright © 2012 All Rights Reserved