The chart above explains. I am sure you see what I see. The next few days is crucial. Stay awake and don't miss the GOLDEN OPPORTUNITY. Good luck P/S : Do not just believe what I say. Use your common sense.
The chart above explains. If you happen to be one of those who is looking to sell because the price action says so, my advice is you better be careful. Why??? Perhaps you better look at the latest COTR. Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. When trading, I need to update myself daily on what is happening that might affect market outlook. There is a need to be flexible and NOT maintain a STATIC mindset. Now I am changing my trading direction yet again. Why? Because the bond yield says so. And I need to follow what the market wants. The trick lies in the ability to INTERPRET...
The chart above explains. Let recap from where we ended previously. It seems the 'prediction' @ 1.0655 being the low still holds true. This is quite important actually. Those with a keen sense of fundamentals, especially about volume know why this is so. Price did NOT go to the POC even though it was near @ 1.0612 simply because it need not and would not. This...
This chart is actually quite important. I take a look at it all the time. It would be quite interesting when it starts to fall, ever so slightly at first, just below the EFFR. We also need to understand which arrow is the BIGGER one. The green or the RED. This can easily answer which is the bigger POTENTIAL :) Good luck. P/S : DO not just believe what I say....
The chart above explains. And I am not going to add anymore words to this. Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. This chart is best read together with the earlier one I posted on EURUSD. Good luck. P/S : Do not just believe what I say. Use your common sense.
Soon it would be FOMC and a new set of dot plot. Till then, everyone is nervous. FX would likely be trading sideways. While all eyes are looking at the various FX pairs, it is this chart that can provide some clue as to what the MARKET is actually thinking. See that is found a footing first at the 100MA. For the last 3 days, it seems to move UP and found a...
The chart above explains. Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. Trading this FX pair requires a lot of patience and experience. But the reward is far greater. If you are new into this game, it is not recommended that you try this. But then, if you can make money out of this, then you can count yourself as a profitable trader. Trading FX requires us to understand what drives each and everyone of it....
The chart above explains. A lot had happened since the previous chart and now we can see things much clearer. And with that, just a simple update to the chart. I am still calling it 'Short' - if you have been following, you should know about this. But while waiting for price to move UP towards the SELL zone, there are still quite some opportunity to BUY. Good...
The chart above explains. A lot had happened since the previous chart and now we can see things more clearly. For those with patience and foresight, you would have reaped huge gains when price make its way up. Now we try to trade price on its way down. While we need to know the WHEN and the WHERE. We also need to know the HOW. Things are different with price...
Risk assets are now stretch to the limit. Do you really think it can go UP any further? EURUSD and USDJPY now comes into perspective. Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. Yes, you have seen this before and you should know what to do. Good luck to us all. P/S : Do not just believe what I say. Use your common sense
The chart above explains. Great implication for those FX pairs that follows yield - JPY :) Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. The 100MA just cross below the 200MA. It seems like the US10Y would likely continue to drop further. This is a good SELL trade for USDJPY. Good luck. P/S : As always, do not just believe what I say. Use your common sense.
The above chart explains. Perhaps today we take a look at how things might turn out in the longer term. Lets not talk about what is happening in the economy that we hear everyday - recession, inflation, bank crises, debt etc. These sort of things happen everywhere. It happens in US, EU and the world over. If we think that things are bad in the US, I think the...
Previously, I talked about similarities we have to day with the subprime crisis in 2008. The banks were in trouble. But we need to remember that the cause is very much different. In 2008, it was greed that causes bank to indulge in exotic subprime MBS that eventually got into trouble when the housing market fails. It started in the US and eventually burned all...