Monthly Archives: August 2013

EUR/USD Analysis & Forecast, August 9th 2013 (English Language)

Hello Traders,

The EUR/USD pair is continuing in the scenario identified when it bounced from the support area at the 1.2990 on July 15th, 2013. This pair is now moving towards the second target of that setup. That target is at 1.3470.

Seen the typical behavior of the Euro, that likes to trade in extensions, I do not anticipate a move lower at least until the 1.3470 area has been touched. There we could see two potential scenarios, with the 1st scenario being the most probable (see below picture):

EUR/USD daily timeframe August 9th 2013

EUR/USD daily timeframe August 9th 2013

Scenario 1. If and when price gets into the 1.3470 area of second target we will almost surely see profit taking from Program Trading on the daily timeframe. This is the norm and this is also the high probability scenario.

Scenario 2. There is a small possibility for price to continue higher, but only in the context of a Dollar crash scenario. But we are not yet there (maybe).

If scenario 1 plays out as I anticipate, the profit taking that will follow is likely to bring price back into the 1.3340/50 area. There Program Trading is anticipated to resume the move higher in the Euro.

I want to remind you all that the longer term target for the Euro is in the 1.41 area. Please review last weekend s weekly review videos.

I send a free Newsletter on Sundays and provide updates throughout the week. You have still time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

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Filed under English language, Euro FX analysis and trade setups videos, Forex, Trading Plan

GBP/USD Analysis & Forecast, August 9th 2013 (English Language)

Hello Traders,

The GBP/USD pair is now back in track and mimicking the EUR/USD pair. I think this pair is going to trade higher along with the Euro/Dollar, but this is only my opinion.

My model of Program Trading shows a first target in the 1.5575 area (which was hit yesterday as the high was 1.5573). Two potential scenarios open up for the Pound (see below picture):

GBP/USD weekly timeframe August 9th 2013

GBP/USD weekly timeframe August 9th 2013

Scenario 1. GBP/USD pair price could just continue higher to hit the second target in the 1.5815 area, i.e. 2nd target of the current daily setup stared at the 1.5120 area (blue line in the picture). This is the high probability scenario.

Scenario 2. Price could correct due to profit taking and shorts on the smaller timeframes into the next traditional long setup whose support area starts at the 1.5340 level and goes down into the 1.5284 level. Below 1.5284 the current upmove would be invalided.

I send a free Newsletter on Sundays and provide updates throughout the week. You have still time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

If you want to receive such videos, please subscribe my free newsletter.

Thank you in advance for subscribing should you decide to do so. Lots of other people are doing the same.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

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USD/CAD Analysis & Forecast, August 9th 2013 (English Language)

Hello Traders,

In the morning I have prepared this chart but have not have the time to share it.

After moving higher into the all the way half way back at 1.0420 area price reversed and it offered the hint for the two scenarios in the below picture:

USD/CAD currency futures daily chart, August 9th 2013

USD/CAD currency futures daily chart, August 9th 2013

Being the market in a weekly short and due to renewed weakness in the Dollar in the last 4 days I was anticipating scenario 1 to play out (continuation lower).

Indeed today we had the continuation and by piercing the 1.0318 level price confirmed the next target (according to my model of Program Trading) at 1.0160.

I send a free Newsletter on Sundays and provide updates throughout the week. You have still time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

If you want to receive such videos, please subscribe my free newsletter.

Thank you in advance for subscribing should you decide to do so. Lots of other people are doing the same.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

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AUD/USD Analysis & Forecast, August 9th 2013 (English Language)

Hello Traders,

The AUD/USD pair is in a counter trend trade driven mostly by Dollar weakness.

While technically our model of Program Trading is looking for the 0.85 area of target, we could see price of AUD moving higher relatively to USD.

Two are the weekly areas of resistance to watch: the 0.9210 area and the 0.9480 area (see below picture).

AUD/USD weekly timeframe August 9th 2013

AUD/USD weekly timeframe August 9th 2013

I send a free Newsletter on Sundays and provide updates throughout the week. You have still time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

If you want to receive such videos, please subscribe my free newsletter.

Thank you in advance for subscribing should you decide to do so. Lots of other people are doing the same.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

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GOLD Analysis & Forecast, August 8th 2013 (English Language)

Hello Traders,

Several scenarios are still open in GOLD futures and today it looks like the future is following scenario 1 (see below picture).

Price found support at the 1,270 area while my model of Program Trading was anticipating slighly lower levels of support starting at 1,265.

Price could now just continue higher into the next resistance area starting at 1,380 (scenario 1). However we could also see a further correction into the support area between 1,245 and 1,265.

Gold currency futures daily chart, August 8th 2013

Gold currency futures daily chart, August 8th 2013

Below 1,265 GOLD could revisit previous lows (scenario 2).

If you want to have  access to trading plans, watch weekly video reviews as I develop or record them, or get information on setups (before they happen) for the Euro-Dollar cross, the S&P500 index and some high volume  stocks, please subscribe my newsletter. It’s free and you get additional content like market commentaries, setups, e-books, articles on HFT and program trading, learning material on my method and video-analysis that I don’t make available on my blog.

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If you intend using this information for your trading please do your own due diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

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Filed under Commodities, English language, Futures, Trading Plan

S&P500 Index futures Update, August 8th 2013 (English Language)

Hello Traders,

I am publishing a quick update for S&P500. I provide updates as often as I can. Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

S&P 500 emini futures

While a lot of commentators are calling for a reversal of the S&P500, our model of Program Trading activity shows that the indices is still on track for its move higher.

The market found support at the 1673 area that has the 1724 area of target above, well into to that first target area coming from the analysis of the weekly timeframe coming at 1,720/30.

As indicated in the last analysis, (also published on FXStreet.com) once and if price hits that 1724 area we could witness a small retrace into the 1707 area (scenario 1), but price of the equity index could just continue higher into the next weekly target area at 1,800 to 1,820.

I send a free Newsletter on Sundays and provide updates throughout the week. You have still time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

If you want to receive such videos, please subscribe my free newsletter.

Thank you in advance for subscribing should you decide to do so. Lots of other people are doing the same.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

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Filed under English language, Futures, S&P mini futures setups and trades, Trading Plan

USD/JPY Analysis & Forecast, August 8th 2013 (English Language)

Hello Traders,

As explained in the last interview with Dale Pinkert in the Live Analysis Room on Tuesday August 6th 2013, when I reviewed this pair on the daily and weekly timeframe, if USD/JPY were to lose the 96.71 level we would see a move southwards.

Yesterday that 96.71 level was pierced by price (see below picture):

USD/JPY weekly timeframe August 8th 2013

USD/JPY weekly timeframe August 8th 2013

My model of Program Trading activity on price shows that on the weekly timeframe there will not be support to price until 94.
94 is definitely the next level to watch. This level is the start of an area of support which is going to be tested for the second time, on the weekly timeframe.

We know that second tests are dangerous tests so there is a real possibility that price could slice through the 94 level and move lower into the 91.62 level.

If also that level is lost price is destined to move into the next area of support projected by our analysis at 89.70.

Bottom line: my opinion is that if you are short USD/JPY, you may want to keep your position open and take partial profits at the indicated levels.

I send a free Newsletter on Sundays and provide updates throughout the week. You have still time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

If you want to receive such videos, please subscribe my free newsletter.

Thank you in advance for subscribing should you decide to do so. Lots of other people are doing the same.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

 

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Filed under English language, Forex, Trading Plan