FXstreet.com: Technical: Forex Signals

Crude had a strong test of $100 after the Nymex pit open yesterday

a.kingra@amplifytrading.com (Amplify Trading) — Thu, 09 Feb 2012 13:18:54 GMT

S&P 500 (Mar 12) INTRADAY Review Yesterday’s strategy report talked about the idea that investors seem to be moving towards a mind-set whereby the event of Greece exiting the Eurozone would no longer create the shockwave that was so feared last year. We took on a neutral-long strategy for yesterday as even thought there was further stalling to talks in Athens the market no longer seems to care. Our long entry was at 1340.75 and this was reached following the move lower in the aftermath of

Yesterdays the market caught us by surprise

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 08 Feb 2012 13:22:38 GMT

S&P 500 (Mar 12) INTRADAY Review Yesterday we preferred to remain cautious with a short entry as our experience told us that Greece would fail to conclude talks on further austerity and that this leads to risk-off in the markets. This view couldn’t have been more wrong! Even though a conclusion to the talks has yet again been delayed, the markets seem for the first time content to look beyond this and price in a positive outcome eventually. Our short entry was at the pivot at 1336.50 and

Forex Focus!! INTRA-DAY USD/JPY OUTLOOK - 76.94 (08 Feb 2012 02:23GMT..).

cs@acetrader.com (AceTrader) — Wed, 08 Feb 2012 03:29:03 GMT

Although dlr has eased after resumption of rise fm last Wed's low at 76.03 to 77.02 n 'mild' upside bias is seen for gain twd 77.17, 'loss of momentum' shud prevent further sharp move beyond 77.29 n risk has increased for a pullback. Wud not chase this move n look to buy on dips as reckon 76.50/52 sup shud contain weakness.

EUR/USD: Set to Breakout Above 1.3230 Resistance

support@jclcapital.com (JCL's Forex) — Tue, 07 Feb 2012 17:11:18 GMT

The play lately has been to play the range selling Euros around the 1.3200 level and buying Euros around the 1.3000. Today is a game changer and the current strength in the Euro is set to breakout and hold the 1.3240 area. The hold above the 1.3000 level was a bullish sign for traders and anticipating news out of Greece traders are positioning themselves in for the move which will be fueled by the short covering of the high percentage of retail traders speculating

Today continue with a short strategy for crude

a.kingra@amplifytrading.com (Amplify Trading) — Tue, 07 Feb 2012 13:26:23 GMT

S&P 500 (Mar 12) INTRADAY Review Yesterday we had a neutral strategy with a short entry at the overnight high 1337.50 as we expected a subdued session following Friday’s Employment report. The E-mini drifted higher following the US cash open and moved to test our entry level. Resistance was found and the market and drifted down to almost hit the pivot at 1334. From there the E-Mini ground back higher and interspersed with long periods of virtually complete inactivity the market managed to

Drawing a Fibonacci from the high on Friday

a.kingra@amplifytrading.com (Amplify Trading) — Mon, 06 Feb 2012 13:28:51 GMT

S&P 500 (Mar 12) INTRADAY Review We had anticipated a mildly disappointing Employment report from the US on Friday and so had a short strategy. However, the Non Farm Payrolls number smashed all expectations coming in at 243k Vs 140k expected. Adding to the good news was the Unemployment rate dropped again down to 8.3% from 8.5%. This is one of the best employment reports for many months and took investors by surprise, the E-mini S&P spiked sharply higher climbing 10 points in a matter

Worst Case Scenarios

info@fxinstructor.com (FX Instructor) — Mon, 06 Feb 2012 05:16:55 GMT

FACTS ARE SACRED “Periods of drawdown occur in every strategy, accept this as fact and move on.” – Ryan Schofield “There’ no such thing as the best trading strategy. For a successful trader it’s far more important to employ different trading strategies simultaneously. There are good and bad times for every strategy.” – Frank Hassler Hello: While using a strategy in the markets, if we want to be perfectionists and look for all the small pieces, we’ll be overwhelmed by information overload. The

Yesterday saw the EURUSD take a small hit in a difficult trading session

a.kingra@amplifytrading.com (Amplify Trading) — Fri, 03 Feb 2012 13:23:36 GMT

S&P 500 (Mar 12) INTRADAY Review Our short strategy for the E-mini S&P yesterday was spot on. The high of the day was set just before 16.00GMT at 1326.00 which was just 3 ticks over our entry level short. The market then drifted from the top of the range to the bottom of the range over the next two hours and bottomed out at our first profit target at 1317. Support was found and the market bounced and finished the session around the mid point of the range to complete a relatively stable

This is an update on some of the movements in the markets

info@fxinstructor.com (FX Instructor) — Fri, 03 Feb 2012 06:19:15 GMT

“The 1980s movie "Wall Street" coined the term "greed is good." But things are different in real life. When trading the markets, if you focus only on making money, it 's very likely you will lose it all. When greed takes over, traders make huge mistakes, such as betting everything in one single trade, or not using any stop losses.” – Joe Ross Hello: This is an update on some of the movements in the markets and what I’m doing about them, plus my losses and profits. The analyses are based on

The USA continues to post numbers worse than expecte

a.kingra@amplifytrading.com (Amplify Trading) — Thu, 02 Feb 2012 13:23:39 GMT

S&P 500 (Mar 12) INTRADAY Review We had a short strategy for yesterday’s session as we felt the upside momentum seen in the European morning was not sustainable. Initially our entry short at 1319.25 did a good job at halting the upward trend and the market pulled back to one of our key levels at 1316.25. However, our first main profit target was not reached and our entry resistance only succeeded in creating a temporary pause in the upward move and three hours after hitting out entry the

EUR/USD: Beautiful Gift this Morning

support@jclcapital.com (JCL's Forex) — Wed, 01 Feb 2012 18:02:56 GMT

Between 04:00 & 08:00 GMT the EUR/USD had a 150 pip move and the headlines gave every reason under the sun about why this occurred. Some thought it was mere short covering and others gave every other reason under the sun. As for me, I have no idea. I know nothing. The market moves and I react. I see this as nothing more than a perfect opportunity to sell some Euros. EUR/USD: Short Setup With price trading at resistance my risk to reward is fantastic at 1:3. With a 50

It was an erratic session for Nymex crude yesterday

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 01 Feb 2012 13:33:02 GMT

S&P 500 (Mar 12) INTRADAY Review Our long entry in yesterday’s strategy report was invalidated by the worse than expected US economic data. Chicago PMI and Consumer Confidence numbers both cam in worse than expected and this generated a reversal of the overnight rally. The high of the day at 1317.50 was tested just prior to the Chicago PMI release and from there the two pieces of bad data generated a 15 point sell off that bottomed out around our key level at 1303 before consolidation

EUR/AUD: Bear Flag Setup Update

support@jclcapital.com (JCL's Forex) — Tue, 31 Jan 2012 18:21:35 GMT

Earlier this morning we took a look at the EUR/AUD Bear Flag Setup to enter short. As the trade has since developed dropping into profit it is a good time to adjust the stop loss adding it at 1 pip below the entry price now providing a free trade for us. Currently, there is still no take profit level. The original area of 300 pips is still the intended target. We will see what the market gives and play the trade according to current market momentum letting price be the

Yesterday the currency pair continued to fall in the afternoon

a.kingra@amplifytrading.com (Amplify Trading) — Tue, 31 Jan 2012 13:11:23 GMT

S&P 500 (Mar 12) INTRADAY Review We had a short entry for the E-mini S&P on yesterday at 1306.75 as we were very much expecting the negative sentiment downward trend to continue ahead of the EU summit. Unfortunately, the price action didn’t quite reach our entry as the market turned at 1304.25 at 13.30 before trending lower through both of our profit targets and bottoming out for the session at near two week low at 1296. The downward leg was helped by US personal income and spending

EUR/AUD: Trade Of The Week

support@jclcapital.com (JCL's Forex) — Tue, 31 Jan 2012 05:59:49 GMT

With currency pair ranges at so low the market is waiting to open up. Will it be news out of the EU specifically the imminent Greece default. Will the Bank of Japan will intervene and pop the YEN 300-400 pips. All the time there are opportunities waiting for us. Here is an opportunity I see right now in the markets. EUR/AUD: Trade Of The Week If you notice over the last couple of weeks the EUR's countertrend rally has been the weakest

On Friday, the euro rose to a near 7 week high against the dollar

a.kingra@amplifytrading.com (Amplify Trading) — Mon, 30 Jan 2012 13:15:55 GMT

S&P 500 (Mar 12) INTRADAY Review We had a short entry for the E-mini S&P on Friday at 1324.75. We were expecting some decent US GDP numbers to allow the S&P to rally back up to our entry point, however the GDP figure came in worse than expected at 2.8% and so in hindsight our more aggressive key level at 1316.50 was the best entry as the market sold off down through our second profit target as investor were concerned that the US economic momentum is not as strong as hoped. The low

Unlock the Power of Everlasting Triumph in the Markets - Part 1

info@fxinstructor.com (FX Instructor) — Mon, 30 Jan 2012 06:58:36 GMT

YOUR MINDSET MATTERS "Are you trading to learn or are you trading to earn? …Having goals based around financial outcomes when you’re still learning the basic skills of trading can actually be counter-productive. If you have expectations of earning from trading while you’re still learning, then it shouldn’t come as a major shock when you fail to meet those expectations! …There’ll come a point when you’ll be required to commit fully to your trading business. A time to narrow down the options,

Today we are looking forward to an action packed Friday

a.kingra@amplifytrading.com (Amplify Trading) — Fri, 27 Jan 2012 13:29:28 GMT

S&P 500 (Mar 12) INTRADAY Review We had a short entry for the E-mini S&P on yesterday’s US strategy as we were uncomfortable with the index being at these levels ahead of an important weekend for the Eurozone. Our entry level at 1324.75 was in the end too aggressive as the market pushed above Wednesday’s highs after some very positive earnings from Caterpillar. However, our stop level at R1 1329.25 did the job of reversing the market and so as our actual stop order is always placed

Holding EUR Over the Weekend?

support@jclcapital.com (JCL's Forex) — Fri, 27 Jan 2012 07:50:18 GMT

With Greece and creditors edging closer to a deal I would think twice about holding any EUR positions, long positions, over the weekend. I have a feeling that we could see one of those big gap opening on Monday if some type of deal takes place. Plenty of time though to take advantage of the current momentum on the EUR/USD and look for a nice trade, if it takes off I will be happy to be holding short over the weekend with profit locked in. EUR/USD Forecast :

The majority still lose most of the time, and they still don't have to

info@fxinstructor.com (FX Instructor) — Fri, 27 Jan 2012 06:08:04 GMT

“It’s important for a trader to have a solid approach and clear setups, which he then trades consistently without giving much thought to each individual trade. Since we’ve developed and internalized these setups, we can trade consistently.” – Philipp Schroeder Hello: The currency market’s incredible growth has done little to change the ratio of winning to losing traders. The majority still lose most of the time, and they still don’t have to. Reading some books, buying a charting program,

Yesterday T-Notes finished up significantly firmer

a.kingra@amplifytrading.com (Amplify Trading) — Thu, 26 Jan 2012 13:12:17 GMT

S&P 500 (Mar 12) INTRADAY Review It was a day of two halves yesterday. The morning featured a downward trend off Tuesday night’s Apple high when even good German IFO numbers could not help the market skip back into mild negative sentiment risk-off mode. We had a short strategy as a result of the malaise with an entry level at 1311.50 but the market seemed content around the 1307 area ahead of the FOMC statement. The statement triggered a complete reversal in the market with a instant sharp

Traders looking at a daily chart can see that as long

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 25 Jan 2012 13:20:54 GMT

S&P 500 (Mar 12) INTRADAY Review Our short entry level for yesterday’s session was at 1309. This resistance worked well for most of the session between 16.00 when it was first reached and 20.00GMT. Although it was a good entry point short the market never really built any reversal momentum and so modest profits was the best case scenario for our strategy and at the closing bell the E-mini edged slightly higher to 1310 ahead of the Apple earnings report. Their earnings were exceptional with

Yesterdays rally in the EURUSD took us up to a three week high

a.kingra@amplifytrading.com (Amplify Trading) — Tue, 24 Jan 2012 13:15:58 GMT

S&P 500 (Mar 12) INTRADAY Review It was a mixed session yesterday with ultimately the E-mini S&P continuing in a tight range with the market closing at 1311.25 which was exactly the same closing price as the day before. Our long strategy worked well in the first part of the afternoon with the drift lower into the US cash open hitting our entry level of 1311.50. The market then narrowly avoided our stop level before bouncing and going onto to make new highs and hitting our first profit

Markets Setting Up for a Move - GBP/USD vs EUR/USD

support@jclcapital.com (JCL's Forex) — Tue, 24 Jan 2012 02:53:29 GMT

The currency-pair advanced over 2% last week

a.kingra@amplifytrading.com (Amplify Trading) — Mon, 23 Jan 2012 13:14:02 GMT

S&P 500 (Mar 12) INTRADAY Review Friday’s session saw the tightest range on the E-mini S&P since the start of July 2011 with a high/low range of just 7 points. Activity was subdued all day as we had predicted with very little news flow as the market drifted into the end of the week at new 6 month highs. Our strategy was for a range bound session looking to get short at the top of the range at 1311.50. This level was finally reached right into the close and provided the resistance to

Examples of the USDCAD Hedging Trades

info@fxinstructor.com (FX Instructor) — Mon, 23 Jan 2012 05:38:51 GMT

"For me the most important thing is intuition. The markets represent an ‘intelligent chaos’ globally. This is a fantastic idea. There’s not a deliberate intelligence in the markets, it’s more of structural intelligence. I think that the only way to have good performance in the markets and to earn money is with the help of intuition.” – Jochen Steffens Hello: Here are a few examples of recent trades that were opened based on the rules of the strategy discussed here. This is what follows the

The currency pair rose again yesterday

a.kingra@amplifytrading.com (Amplify Trading) — Fri, 20 Jan 2012 13:22:58 GMT

S&P 500 (Mar 12) INTRADAY Review Our long strategy yesterday worked perfectly as the sell off after the slightly worse than expected Philadelphia Fed numbers took the market down to find support at our entry point of 1304.25, which was Wednesday’s high, and from there the market bounced and hit our first profit target at 1309.75 45 minutes later. From there the E-mini S&P established a sideways range into the close between 1311 on the upside and 1308 on the downside. Overall it was

Forex trading is nothing other than speculation on certain price developments

info@fxinstructor.com (FX Instructor) — Fri, 20 Jan 2012 06:05:34 GMT

“Remember, the definition of effective trading is not solely connected to profit and loss, but to consistent execution. Profit that is not associated with a plan and follow-through of all of your rules is profit that is not helping you become a better trader.” – Dr. Woody Johnson Hello: Forex trading is nothing other than speculation on certain price developments. It’s not a prognosis. One has to be careful with market predictions, yet a negative trade shouldn’t cause consternation, provided

Greece Makes a Deal? GBP/USD & EUR/USD Forecast

support@jclcapital.com (JCL's Forex) — Fri, 20 Jan 2012 07:20:18 GMT

I am hearing a lot of talk about Greece coming close to a deal with its bondholders. This news has been dripped all week, insider propaganda style. The manner in which you know its scripted. I expect it could be announced tomorrow or over the weekend. How this will move the market? I do not know. I'd rather not have an expectation and be there to trade what is happening instead. GBP/USD Forecast: So far all week we have seen a corrective rally against the recent USD strength. The

Yesterday afternoon our entry point long at $110.53 acted perfectly

a.kingra@amplifytrading.com (Amplify Trading) — Thu, 19 Jan 2012 13:22:02 GMT

S&P 500 (Mar 12) INTRADAY Review Up until the European cash close yesterday the E-mini S&P was in a well defined range between our short entry level at 1297.25, which was last week’s high, and 1286.75 which in the end produced a great double bottom. Various IMF comments moved the market in both directions as messy details came down the wires as to how much they are looking to boost their fund by. The final figure is that they are looking to boost the fund by $500bln which would

GBP/USD and EUR/USD Forecast

support@jclcapital.com (JCL's Forex) — Thu, 19 Jan 2012 08:54:33 GMT

With the chatter lead by the S&P rating agency signaling the Greek default will be imminent market volatility is expected to pick up. Yes, the market has priced this news in and is prepared. No, the market has not actually priced this in and nobody is really prepared. We have no idea how the market will handle such a default. As our mantra goes, "I know nothing." GBP/USD Forecast: The strong USD continues on against the GBP. Despite the current down trend I am looking to get long from the

Crude prices endured a whipsaw session yesterday

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 18 Jan 2012 13:30:08 GMT

S&P 500 (Mar 12) INTRADAY Review It was a session of two halves yesterday as the S&P had a strong rally up until midday before reversing the entire move to make new lows. The initial bullishness was following a string of positive macro news with China’s Q4 GDP, Germany’s economic sentiment survey and New York State manufacturing data releases all beating expectations. On top of this their was more positive sentiment generated by another very strong Spanish bond auction. This drove the

The markets are still digesting the S&P downgrades from Friday

a.kingra@amplifytrading.com (Amplify Trading) — Tue, 17 Jan 2012 13:16:28 GMT

S&P 500 (Mar 12) INTRADAY Review It was a US bank holiday yesterday and so market activity on CME Globex was extremely subdued. The Emini S&P continued to show resilience in the aftermath of the S&P ratings downgrades on Friday and the market retraced the full scale of Friday afternoon’s sell off. Uncertainty can be a much more damaging influence than the actual negative news itself. The fact that investors can move on from this downgrade risk that has been hanging over the market

2012 INTRA-DAY ( USD/JPY OUTLOOK - 76.81)

cs@acetrader.com (AceTrader) — Tue, 17 Jan 2012 03:41:05 GMT

17 Jan 2012 02:32GMT... INTRA-DAY USD/JPY OUTLOOK - 76.81 Despite intra-day dlr's broad-based weakness in Asia caused by rally in eur/usd, cross-selling in yen is expected to keep price range-bound in Tokyo session, however, consolidation with downside bias remains for weakness twd 76.61 later. Still favour selling dlr on recovery n only abv y'day's 77.14 high (NZ) aborts bearish bias.

The temptation to exit a trade early is sometimes huge

info@fxinstructor.com (FX Instructor) — Mon, 16 Jan 2012 06:57:02 GMT

“To me, this is a no contest. I want to be liberated from watching the screen for hours on end on those days where the market goes nowhere. I also want to avoid psychological stresses as the market swings up and down. On good days, price moves directly to your target with barely a flicker. On other days, it gets there through a series of price gyrations. If you watch every move, your emotions are on a roller coaster as your paper profits expand and contract. The temptation to exit a trade

The strategy worked very well yesterday

a.kingra@amplifytrading.com (Amplify Trading) — Fri, 13 Jan 2012 13:31:06 GMT

S&P 500 (Mar 12) INTRADAY Review The surprisingly bad US economic data yesterday resulted in our long strategy being stopped out in the sell off after the 13.30 announcement. Retail Sales ex Autos declined for the first time in six months and Jobless claims came in at 399k which is the highest number for six weeks. This break a run of consistently positive macro data from the US and so the surprise lead to a push lower after we had seen a very positive start to the session. Draghi’s

Yesterday's S&P strategy was spot on

a.kingra@amplifytrading.com (Amplify Trading) — Thu, 12 Jan 2012 13:28:31 GMT

S&P 500 (Mar 12) INTRADAY Review Yesterday’s S&P strategy was spot on as the range bound choppiness during the early afternoon continually found support around our long entry point at 1280. The following the European close stocks managed to grind a little higher with the final push into the close taking the market up to find resistance right on our second profit target which was the October 2011 high at 1289.25. The price action was largely driven by Eurozone commentary with Fitch

The week has started slow and we assume this to continue

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 11 Jan 2012 13:22:27 GMT

S&P 500 (Mar 12) INTRADAY Review Yesterday’s session was significantly in that the E-mini S&P made a new six month high by breaching the October 2011 high at 1289.25 and topped out at 1292.00. However, ultimately this was the exhaustion point and the market retraced back under the key level and drifted lower into the close. There was no specific or sustainable reason for the risk-on push to the upside and so the fact there was no extension to the gains above this key technical level

Crude finally closed flat on the day

a.kingra@amplifytrading.com (Amplify Trading) — Tue, 10 Jan 2012 13:18:43 GMT

S&P 500 (Mar 12) INTRADAY Review There are now 5 consecutive Djois on the daily chart for 2012. The difference between daily opening and closing prices has been 10 ticks, 5 ticks, 0 ticks, 3 ticks and 3 ticks so far as the markets remain in limbo until the next major development occurs. We had a short strategy for yesterday’s session looking to play the range. Our entry was at 1280 but the price action only lead to a high at 1278 and so the topm of the recent range was not reached as

The E-mini sold off to hit our entry long at 1270.25

a.kingra@amplifytrading.com (Amplify Trading) — Mon, 09 Jan 2012 13:32:05 GMT

S&P 500 (Mar 12) INTRADAY Review The E-mini S&P opened last week at 1274.75 and closed the week at 1274.00 with four consecutive dojis on the daily chart. Having opened the year above the December highs at 1268 the E-mini S&P has struggled to push higher despite on-going better than expected US economic data. The Nervousness surrounding the Eurozone debt crisis lingers on and this for now is restraining the bulls at these levels. The payrolls number on Friday came out better than