Monthly Archives: May 2014

EUR/CAD forecast morning interview with Dukascopy TV, May 28 2014

Dear Traders,

yesterday I have published a forecast for 1 month, 3 months and 12 months on the EUR/CAD.

I gave the following projections (forecasts) for 1 month, 3 months and 12 months.

– 1 month: 1.465
– 3 months: 1.42-1.41
– 12 months: back to 1.50 area (after a move into the 1.385 lows)

In the morning I have recorded an interview with DukasCopy TV on the same forecast.

You can find the original video hereunder too, enjoy:

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.

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

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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.

Thank you.

Have a great day

Regards,,,

The FibStalker Giuseppe, ~the FibStalker

 

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EUR/CAD forecast for 1 month, 3 months and 12 months, May 27 2014

Dear traders,
today I analyzed the EUR/CAD forex pair and I came with the following projections (forecasts) for 1 month, 3 months and 12 months.

Hereunder are my forecasts for the EUR/CAD.
– 1 month: 1.4650
– 3 months: 1.42-1.144
– 12 months: back to 1.50 area (after a move into the 1.3850 lows)

Hereunder is the rationale for this analysis:

1. Price of EUR/CAD failed the sequence of measured movehigher and Program Trading is now looking to push it down into the 1.3850 areawithin the next year. On the weekly timeframe a measured move short is trading nowat its first target. We could get lower to the second target at around 1.465 and then wecould see a bounce that could last 2-3 weeks. In 1 month time I anticipate themove lower to have resumed and we could see prices at current or lower levels,again around that second target 1.4630.

2. 1.43 is the level to watch in the medium term (3 months). I anticipate the EUR to continue falling against the CAD for a  numberof reasons:

1) first of all Program Trading is currently not committed to longs in theEUR/CAD market. The next level where long-term Program Trading will commit ison the long side is 1.38 in my opinion.

2) Moreover the two pairs we can break theEUR/CAD into, the EUR/USD x USD/CAD are both moving lower. There are technical and fundamental reasons to believe that the EUR/USD will move to test 1.30, while USD/CAD has tested resistance at 1.12 and is now correting into 1.04 and potentially lower. The EUR/CAD is not going to move higher.

3. On the larger timeframes the EUR/CAD is bullish. Bybreaking recent high levels (1.55) before the start of the move lower , this pair confirmed bullishness on the long term. The retrace we are going to witness in the coming few months, is not long-term weakness, but rather a medium-term correction that only reflects the way healthy markets work. There is no interest for long-term Program Trading in long positions, at this stage, and this will mean that algos on the smaller timeframes, e.g.daily and 4-hour, will be able to push price lower into the next area of support for long-term Programs.
That area starts at 1.3850. If/when price gets there, the behavior of long term Program at those levels will tell us the full story. If we get participation from Program Trading, in 1 year time price could go back to current levels or higher.

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.

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

Sharing is caring…

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.

Thank you.

Have a great day

Regards,,,

The FibStalker Giuseppe, ~the FibStalker

 

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Filed under Articles, English language, Forex, Market Timing

What do you do if you are stuck in a EUR/USD long?, May 26 2014

Dear traders,

tonight I have prepared a brief video for a follower who asked for help on how to limit damages in a very difficult situation where he is stuck in a long.

While my position and the rules of conduct and ethics I gave myself do not allow me to provide advice, it did not take long for me to decide what was right to do after briefly re-experiencing the pain and feeling of loss and pressure of all the times I find myself in a similar situation in the past. Yes it did happen, a number of times. In the video posted below I have analyzed the EUR/USD in the daily, 4-hour and 15min timeframes hoping that my opinions on price action in this market can be of help to all the inexperienced traders who are currently stuck in a long in the Euro and are at risk of having their capital whipped out, especially if they are using leverage.

I hear the same story over and over again, and I have make public some recent data I gathered from one of the largest Forex brokers in North America in relation to the problem of using leverage, over-committing oneself and not using stops. The numbers are still very bad: 22% of Forex traders do not use stop-losses and end up getting a margin call, eventually losing amounts – in average – between $2,000 and $6,000.

Depending on where the entry point is, it may be difficult to exit without having losses. Each market has is own peculiar character. And we know that the EUR/USD likes to trade in extension shorts when it start trading lower. On the larger timeframe (weekly) we have all the indications for a possible revisit of the 1.30 area. It happened in the past and it could happen again.

On Monday and the opening Asian session of Tuesday we witnessed a recovering price in the Euro. This market is now reacting higher after 12 sessions of a continued downwards move. Daily and 4-hour chart are showing a potential short participation of Program Trading (and professional traders) in the 1.3710-1.3725 area. Of course the market could go higher and the hint, as usual, will be provided by the action in the 15min chart.

The smaller 15min timeframe is currently showing a sequence of extended measured moves higher, which currently has the potential to push market higher into the 1.3672 and 1.3782 area before the next measured move short is likely to materialize. On the downside, piercing the 1.3655 first and 1.3652 later would be a confirmation that the move higher is like ended and we could witness a continuation lower.

Of course this is the most likely outcome, is not the sure outcome, because anything can happen in the market. The latest statement is the very reason we need to keep always our risk under control and leverage should not be used in trading.

The secret to making a living in trading is to work hard (like in any other entrepreneurial initiative) and learn to trade keeping the risk small (1% at each trade or lower). It takes time, but when you master the game you are in control. You can add more money and manage other people’s money, too. And when you do that you can prove and assure the people you manage money for that you have solid risk management, because you learned how to read market structure and become expert at it, while knowingly taking only low risk trades.

You got yourself interested and/or into a business in which if you do 20% or 25% a year you are a “superstar”! Why on earth would you risk it all to have a very little chance to make %1,000 in one year (in reality a 99.99% to lose everything, especially if you are leveraged) only to get a margin call and be wiped out?

I know I am being blunt here. But hold on the game, do it exactly at the time it delivers the harshest lessons, and you will be a winner!

I wish to you all the best and I hope that, if you are stuck in a EUR/USD long, you will come out of it with a minimal damage in capital and, especially, psychology.

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.

I help traders “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 my work 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.

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

Sharing is caring…

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.

Thank you.

Have a great day

Regards,,,

The FibStalker Giuseppe, ~the FibStalker

 

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Filed under Articles, Education, English language, Forex, Market Timing, Trading Plan, Trading Psychology

Watch my FXStreet.com Webinar on use of Fibonacci in Modern Markets, May 25 2014

Dear trader,

if you did not have the change to watch the Webinar I offered last Monday 19 on FXStreet.com and you are interested in traditional and new ways of using Fibonacci in Modern Markets, you can now watch the recording.

Just click on the image below:

Recording of Traditional and new uses of Fibonacci - FXStreet Webinar

Recording of “Traditional and new uses of Fibonacci in Modern Markets“- FXStreet Webinar

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.

If you want to receive the information I mention in the videos you can subscribe my free newsletter.

For your information, I have also presented some of the concepts I use in my trading in a recent webinar at FXStreet titled: “FibStalking: A Timing Technique to Test Support and Resistance”.

Thank you.

Have a great trading week!

Regards,,,

The FibStalker Giuseppe, ~the FibStalker

 

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This weekend, May 25 2014, in my free weekly Newsletter

Hello all,

this is an anticipation of what you will read in my free weekly Newsletter I am going to send tomorrow, Sunday, May 25:

  • FOREX & FUTURES – EUR/USD, Dollar Index, S&P500 emini and Gold futures Weekly Review
  • FOREX – GBP/USD, AUD/USD, USD/CAD & NZD/USD Weekly Review
  • FOREX – USD/JPY,EUR/JPY & GBP/JPY Weekly Review
  • MARKETS ANALYSIS & TRADING POSITIONS – Last week’s Daily Updates
  • MARKET WEEKLY REVIEWS – 6 Recent issues of the “FibStalker Free Newsletter”
  • EDUCATION – FXStreet Webinar: “Traditional and new uses of Fibonacci in Modern Markets” – Recorded video
  • EDUCATION – Download my eBook
  • EDUCATION – Useful Links to get Started with FibStalker and material
  • UPDATES

I put a lot of effort into offering free of charge market analysis and newsletter content without mistakes. However some articles or reviews may still contain, from time to time, refuses and mistakes (this is does not happen often, and the context will often flag the wrong piece of data), thus I ask you to be patient. With time the content will be clean and cleaner.

You can Register for free here.

See you later.

Thank you

Regards,,,

The FibStalker Giuseppe, ~the FibStalker

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Filed under Dollar Index, Euro FX setups and trades, Forex, Futures, Newsletter, Stocks, Trading Plan, Weekly review

212 Forex Traders Meeting in 7 Cities in May, May 22 2014

Dear all,
good morning. If you trade full time, part-time or plan to start trading and live in one of the 7 cities where FXStreet organizes meetups, considering joining the meetup.

Francesc Riverola’s FXStreet CEO published a nice post “212 Forex Traders Meeting in 7 Cities in May 2014. View Pictures and Thank You All for Coming

Here is an highlight: “Thursday May 8th it was meetup day in 7 cities worldwide. 212 traders gathered to learn together, make friends and enjoy a nice evening with FX peers.
I would dare to say that it was a great evening for everyone involved
Looking forward for June meetups… and more meetups in new cities soon to come. Stay tuned!

Note: Thanks to Gonçalo Moreira, Partha Banerjee, Neil Greaves, Steve Moses, Sarah Potter and James Alexander for their beautiful presentations.

Thanks to Jeffrey Baskin, Giuseppe Basile, Chris Weston, Gavin White, Josh Lampel and Gus Farrow for make the meetups possible.”

If you live in Canada close or in the Toronto GTA, consider joining me at the Toronto Forex Group Meetup.

I look forward to see you there.

Happy Trading!
~FibStalker

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All Markets Daily Update, Analysis, Setups and Forecast, May 22 2014

Hello Traders,

Tonight’s video features all the 11 markets I follow.

The market analyzed in the below videos are EUR/USD, S&P500, Dollar Index, Gold, USD/JPY, EUR/JPY, GBP/JPY, GBP/USD, AUD/USD, USD/CAD & NZD/USD. This video is related to tomorrow Thursday May 22, 2014 trading day.

Before you continue, in case you have missed it here is the link to the recording of this week’s Webinar offered at FXStreet.com titled: “Traditional and new uses of Fibonacci in Modern Markets

I hope this is useful to your trading learning process, and that you enjoy it. Drop me an email if you have any questions.

I also want to thank all traders and students who are following analysis. You are awesome! Thanks for your positive feedback and emails. Moreover, when you send me a chart, make sure you mention market, timeframe and days/time. Thank you!

If you like this follow-up analysis, do not forget to subscribe the free Newsletter to receive the weekly review on Sundays!
I wish you a great continuation of your trading week.

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.

I help traders “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 my work 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.

If you like this article, please share it with your friends and fellow traders. Thank you (use the buttons below the article).

Sharing is caring…

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.

Thank you.

Have a great day

Regards,,,

The FibStalker Giuseppe, ~the FibStalker

Leave a comment

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