AUDUSD FX H&S

AUDUSD FX H&S on 1440min , using 6A Futures Contract charts

[caption id="attachment_6419" align="alignleft" width="300"] forex[/caption]

AUDUSD FX H&S , Update on last 2 posts

After buyers fail to stay above 1.0460 area, sellers jump in Market, and drop 6A price till my 2nd Shoulder. On volume, we can see how strong was sellers, 2x more volume than average time. 200MA: One thing very interesting, 2nd shoulder are supported by 200MA on daily chart. What will happen next? I have few major scenario that you may see happen. 1st: Long till top : Buyers will take this opportunity to bring 6A price, back to 50MA (also my 1st Long Target).At this level, buyers need to pass 50MA, and close above with strong volume and volatility. once they pass 50MA, is a one way to retest my 2nd and 3rd targets. 2nd: Bounce and Short: Buyers take control for a short term, till 50MA, fail to pass. You will see in buyers volumes,  sellers will get in the market and need to break in [...]

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Gold Trading - All is gold, does not glitter, Sellers in control

Gold Trading - All is gold, does not glitter, Sellers in control.  

Let's get to the gold charts. Remember, when selling occurs in gold and there is volume there is fear in the market that will normally cause the selling to continue. Gold sellers have moved in. There is a lot of different stories out there as to the timing of gold prices and the selling of Gold by Cyprus. Sort of a punitive measure for them using their only capitol reserve to pay off Banks that didn't know when to stop lending. Too bad once they sell then they will have no real Capital Reserves. 1478 looks like the short term support.  Watch as sellers can either panic or pull back for a small retracement to 1500. Once 1478 is broken the next major support is 1381. A more logical support will be the psychological support that will come in at 1400.

Gold Trading and ETF GLD

GLD the Gold ETF is showing the same weakness with a thin bid giving sellers push in this market. Downside support is 142. but looking for a Gap down to around 140.50.  The next major support if it breaks here is 136 to 138 area.  Watch this at the open as another influence in the over night is some support in the Japanese Yen pushing the Dollar index up. Watch yourself as this is a volatile market, it is best not to trad [...]

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Forex AUD/USD

Forex AUD/USD trading, Direction & Target Using Futures 6A.

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Forex AUD/USD Trading , 1440min chart

We are in Bullish trend line. On 1st move up, buyers had low volume, and weak movement. Sellers took this opportunity to bring Aussie Price back to MA50. Strong volume but weak movement from sellers. After Sellers test MA50 and fail to pass, with so much volume, buyers get organize and bring Aussie price to new high. [caption id="attachment_6406" align="alignright" width="300"] aud/usd[/caption]

Forex Aud/USd Trading , 60min chart.

I use 60min chart, to clearly see that we are in a small consolidation. What I'm watching for, is who will control my "Green / Red" zone, and if sellers will pass my "important buyers support" My Targets are Green line, and Red Line, depending on witch direction you will take. For my self, even if I'm both on this one, will prefer Long position for now.

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End of Yen Sell OFF?

Japanese Yen (6J Futures Contract) show that we are at lowest level since 2009.

[caption id="attachment_6396" align="alignleft" width="300"] japanese yen[/caption] As you can see, we have a very nice buyers resistance at 0.010070. will 6J keep losing value in long term? Can't tell you, but what I can , it is a great opportunity to trade 6J. What I'm Looking for now ,is buyers taking this opportunity to bounce at this level, and retest Sellers Support. [caption id="attachment_6397" align="alignright" width="300"] japanese yen[/caption] Since, most of the time Sellers was in Total Control, I suggest to trade Yen on very short time-frame. For now I will use 60minutes chart. After Buyers showing some good momentum to keep moving Long, I'm looking to see buyers take a break, and let sellers bring price at 0.010130 - 0.010110 . At this level , we should have a nice trade Long. My targets will be 0.010148,MA50 and my 2 Red line. To take trade long, sellers should not close under any of my green trend lin [...]

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Markets running to highs - SP500 futures trading

Markets running to highs - SP500 futures trading

The S&P500 emini futures Chart is showing an extension to 1607. Using the swing low from 1030 to 1391 and extending from the swing low at 1243, the 100% extension for a Fibonacci extension would be 1597 to 1607 range. We are looking at the weekly chart on the S&P500 emini futures and we can see how the price action fits into the extension profile as the second move up from 1243 peaked around 1465 and then retrace to the 50 Moving Average. A weekly candlestick range for buyers can range to 70 points like the one on January 4th. Watch for this to keep direction in to the weekend. The only news that could be in the way is N. Korea, Europe (especially Holland), and  of course the Japanese bond market. Quantitative easing keeps the direction.  Remember, trend is your friend...(Until May)

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GBP/USD Day Trading

GBP/USD Day Trading Using Futures Contract 6B

[caption id="attachment_6379" align="alignleft" width="150"] British Pound day trading[/caption] GBP/USD Day Trading 1440min chart On this chart I add another 50% Ret. of Fibonacci . Right now, we are testing my 2nd Fib. It may be a good call for short trade , buyers who wasn't able to close above 50MA. I'm looking to see sellers get in market in next hours, and bring GBP/USD price at my 1st red area. witch is the double bottom also on short term. If sellers can't keep GBPUSD price under my brown line( 1.527) , I'm looking for buyers to go directly to the 1st Fib. If it happen, Buyers will be exhausted once they reach  this level (1st Fib),and it will be a great call for short trade.

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AUD/USD Day Trading

AUD/USD Day Trading using Futures Contract 6A

[caption id="attachment_6373" align="alignleft" width="150"] aud/usd trading[/caption]

AUD/USD Day Trading Weekly Chart

1.0360, is the price  Aussie never close above for few months. Right now Aussie are looking to make an H&S ( Head and Shoulders pattern). After failing to keep price above 1.0360 , Aussie price start to fall. the second shoulder should be at the same price as 50MA. I'm looking for AUD/USD price bounce at this level. [caption id="attachment_6372" align="alignright" width="150"] aud/usd day trading[/caption]

AUD/USD Day Trading 480min Chart

Here we have an "M" pattern. Right now, we are in a consolidation zone, and even better Aussie price are between MA50 and MA200. Depending if we bound or pass the double bottom of "M" pattern w [...]

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