EUR/USD, S&P500 & Gold daily update, January 23rd 2014

Hello Traders,

In this brief post I share today s daily review for the EUR/USD forex pair, the S&P500 emini and the Gold mini futures. The short setups I have mentioned in my free Newsletter weekly Review for EUR/USD and S&P500 are still on. Gold, on the other hand, has reached its first long target.

Check the below video and review the last Free Newsletter (check below how to register for it and receive the last 6 issues).

Below the video analysis, you can find the commentaries for the above mentioned markets:

The Euro had a huge move higher due to news. Notice that this move higher is not supported from Program Trading. I see no reason to get excited for new longs at this stage. Price was actually pushed into a new resistance level at 1.3700. Swing trades shorts here have a stop above 1.3746 (R/R > 8, or > 15 if we consider the 1.2970 target). On the 240min and 15min timeframes the first confirmation of new shorts will come below 1.3664.

S&P500 emini
This market went nowhere in the last few sessions and on Thursday got a push lower. Price ended up closing below the 20 day moving average. We have two levels of support below current prices at 1,784 and 1,757.


Gold reached the first target at 1,263. A continuation higher into the 1,288 is possible, as well as, a trade into the next measured move long at 1,240 area.

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.

My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. 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.

Giuseppe, the FibStalker

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Filed under Commodities, English language, Euro FX analysis and trade setups videos, Forex, Futures, S&P mini futures setups and trades, Trading Plan

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