So here are the slightly longer term fib fans I am watching. How close are your line’s to mine? Trade yours, not mine, yours will be more accurate for your trading. 
I changed this to an 8 hour candle so the image is more visible but let me tell you the times that these fan lines cross the resistance levels as potential times and levels to sell into this trade. The times I see on the 2 hour chart show 8am Eastern tomorrow morning at a price near 1.0100. The next cross happens at the same time, 8 am Eastern on October 1st (Monday morning). How predictive will the (more…)
I have removed the need to register to add comments. This is for all you “anonymous” types, you know the kind that like to make anonymous phone calls, anonymous letters, anonymous subscriptions. You know who you are. At least now you have one more outlet to hide your identity yet let your voice be heard.
Just click on comment, write up your comment, and submit. Don’t be shy and don’t be over sensitive. (more…)
I am very torn on this trade. We discussed the USD/CAD from the view that it could be in a bear flag but I expected a bigger move to the top side. Well it broke out of the bear flag we were watching and bounced off the 1.0000 level, proving a worthy foe to my bearish stance. Now that it has bounced, what do I really expect? A retest, maybe. A break down, probable. A bullish run, not likely but possible.
The interesting thing about this trade is that even though the price has dropped nearly 40 pips from yesterday, our put doesn’t really cost us anymore than what we were looki (more…)
I compared the move by the fed to dump $40 BILLION into the market to add liquidity like having 3 drowning people in shark infested water. The housing market, the economy and the dollar are all drowning simultaneously, offering $40 BILLION in essence has the housing market and the economy trying to climb on top of the dollar to keep from drowning. Not only does this force the dollar to drown quicker but the life saving benefit is so temporary only offering maybe one or two more breaths for the two at the expense of the third. In the end, if nothing or no one can save the three of them, they wi (more…)
We have hit it at last, parity for the USD/CAD. The low in the last hour reached .9998. Let us review the last week and then what that means.
I was looking at the pair last week and even prepared an image on the 12th to discuss that this was going to be the run down to parity. Too bad I didn’t get this posted then. As you may be able to tell, I got in the trade at about 1.0480. Not too shabby. Today the pair is just a continuation of that move. Rather than looking at the daily candles showing you the last week of the price dropping, here is the (more…)
I changed this to an 8 hour candle so the image is more visible but let me tell you the times that these fan lines cross the resistance levels as potential times and levels to sell into this trade. The times I see on the 2 hour chart show 8am Eastern tomorrow morning at a price near 1.0100. The next cross happens at the same time, 8 am Eastern on October 1st (Monday morning). How predictive will the (more…)
