Tag Archives: daily

EUR/USD daily update, February 3rd 2014

Hello Traders,

In this brief post I share a chart of the EUR/USD showing a further of the EUR/USD strategy blueprint offered at the beginning of 2014. Particularly, this chart follows  up on that published for the EUR/USD on January 14th, 2014 and shows a very good setup available as I write.

As you may know price confirmed the first target at 1.3320 and I am quite confident it will continue into the 1.2970 area (accordingly to the blueprint and strategy for the beginning of year 2014 given for the Euro on Friday January 3rd in an interview at the FXStreet.com LAR).

EUR/USD daily timeframe and short setup February 3rd,  2014

EUR/USD daily timeframe and short setup February 3rd, 2014

The above picture shows a setup currently in play with a risk of around 35 pips and a potential fo 220 pips profit, thus providing a R/R (reward to risk) > 6.

This trade is presenting as I write this post. The EUR/USD is in fact moving in extensions on the daily and 240min timeframes.
A good entry is at current levels (1.3520) with stops above 1.3555, or around 35 pips stop.

Target is down at the 1.3325 level, for a 220 pip run or a R/R of 6. The 1.3320 area should see participation but produce only a shallow reaction.

Remember that, if there are no major changes, the Euro is due to see the 1.2970 area before weekly longs kick in again. Please review the EUR/USD Blueprint and Strategy for 2014 video.

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.

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…

If you want to receive this information you can subscribe my free newsletter.

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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EUR/USD daily update, January 14th 2014

Hello Traders,

In this brief post I share a chart of the EUR/USD showing where we could move next.

We are currently witnessing a move higher in the EUR/USD which is pushed by program trading on the 15min timeframe. Failure of the current sequence is still 1.3629 at this time. Price could just reach the next level of daily resistance and entry short at 1.3720. This would be a good present for shorts.

I have provided a blueprint and strategy for the beginning of year 2014 for the Euro on Friday January 3rd in an interview at the FXStreet.com LAR .Please, review that video to put the below chart in context of what is happening with the Euro at the moment.

EURUSD forex pair, daily chart - January 14th, 2014

EURUSD forex pair, daily chart – January 14th, 2014 (click to enlarge)

 

It looks like the Euro is going to test the 1.3720 area where participation from Program Trading on the downside can be anticipated, and a real gift to sellers who are not yet in.  In fact, when the current 15min rally and program trading sequence exhausts itself, price will be ready to correct.

If that happens the Euro should then start trading lower initially into the 1.3470 level (1st target) and, after that, into the 1.3340 area (2nd target). We could witness a relief rally from the 1.3430 area, and then start a continuation lower.
Remember that, if there are no major changes, the Euro is due to see the 1.2970 area before weekly longs kick in again. Please review the EUR/USD Blueprint and Strategy for 2014 video.

A first area of support will be just below the second target area at 1.3330. That is where we could witness some temporary profit taking on this market, which could to be shortly ridden again by Program Trading on smaller timeframes, 240min and 15min.

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.

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…

If you want to receive this information you can subscribe my free newsletter.

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

Euro FX futures Analysis & Forecast, August 1st 2013 (English Language)

Hello Traders,

The Euro/Dollar pair started a correction after reaching the 1.3310 target as anticipated in the last report (July 29th).

The next level of support, as per our model of Program Trading on the Euro, will come at around the 1.3170 and two potential scenarios can play out after and if price gets there (please, refer to the below picture):

Euro FX currency futures daily chart, August 1st 2013
Picture: “Euro FX currency futures continuous contract daily timeframe, August 1st 2013”

Scenario 1. Price could get to the 1.3170/75 area and then find a bid into the next projected level of target in the 1.3425 area.

Scenario 2. Price could pierce the support area starting at 1.3170 and finish below the 1.3129 level. Should that happen, the next level of (partial) profit taking would come in the 1.3050 area.

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.

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

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.

Have a good day

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Euro FX futures Analysis & Forecast, July 24th 2013 (English Language)

Hello Traders,

here is my analysis published yesterday July 24th 2013 on FXStreet.com. I am now official contribution to FXStreet.com, a leading website on Forex trading. You will find my full analysis in my free Newsletter (subscribe here, it is free) and, some days, I will also publish in FXStreet.com. Hope you enjoy the review

Participation on the long side started on July 10, 2013 showed once again bulls and Program Trading (which we attempt to model) defending the area of support known since the beginning of February 2013. This area, starting at 1.2910 and extending down into the 1.2716 level, of failure has been successfully tested now 3 times.

Euro FX futures contract, daily chart - July 24h, 2013

Euro FX futures contract, daily chart – July 24th, 2013

This is very significant because it also shows that the 1.4110 potential target for the Euro is still in place. The 1.2990 level of participation on the long side was front-ran on Monday July 15 showing an urgency on the side of the buyers. That area of support and long entry has projected 1st target in the 1.3320 area, and a second target in the 1.35 area. If price gets to 1.35 we could see some profit taking there, potentially bringing price back to the 1.3380 area. But it is still early for that and we will assess this at the right time.

The first of two scenarios identified in the weekend is playing out at the moment. Price of Euro could hit the first target at around 1.3310 by the end of the week. If price does not continue higher we could get a retrace into the 1.3165 daily support before a continuation higher.  Then, as our model suggests, and due to the fact that the Euro likes to move in extensions, we could see continuation higher into the 1.35 area, before we get some sort of profit taking and a retrace.

Notice that the Euro corrected into the 1.3158 area of support (actually the low was just 10 pips above at 1.3168) before printing new highs.

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.

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

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.

Have a good day

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Euro-Dollar & Dollar Index Analysis & Forecast, June 6th 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures and the Dollar Index I recorded earlier in the morning today June the 6th (before the huge move higher):

Hereunder is the up to date chart and explanation for the Euro FX currency futures (only)

Euro FX futures contract, daily chart - June 6th, 2013

Euro FX futures contract, daily chart – June 6th, 2013

Those who followed my previous post are aware of the chart and explanations I gave on May 31st and know that I have exited shorts at the 1.3078-80 level. Today’s price move showed why it was important to exit ath the 1.3078-80 level. I wrote that a second test of the 1.3240 area was possible and indeed a very dangerous one, because we could not know in any way if bears would be willing to keep pushing prices lower. Today’s price action showed that bears did not step in to defend their shorts and price printed relative higher highs, piercing well into that area of short selling starting at the 1.3240 level.

Today’s move higher also confirmed – according to Down definition of trend – a new upwards trend with price structure now showing higher lows and higher highs. I anticipate a break of the 1.3355 level on the upside and then a correction where daily longs will want to take a position and weekly bulls (already long at lows in april and mid-end of May) will want to add to their current positions.

My two scenarios going forward (please reference the above picture):

Scenario 1. Price slices throughtout the 1.3221 level and a more profound correction takes place into teh 1.3190 area of support. A low risk long trade could be initiated there with a stop below 1.3155.

Scenario 2. We get a very shallow correction and price stays above the 1.3221 level and just continues higher towards the 1.3356 level of failure of weekly shorts.

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.

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

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.

Have a good day

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

Euro-Dollar & Dollar Index Analysis & Forecast, May 31st 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures and the Dollar Index for today May 31st:

Hereunder is the chart and explanation for the Euro FX currency futures.

The area between 1.3240 and 1.3357 is a short area. Here bears were clearly interested in selling. Their continued action was able to keep moving price down into the support area below. Bears will be gone if price moves above 1.3357 (level c). The short setup has targets at 1.2530 (please refer to the below picture):

Euro FX futures contract, daily chart - May 31st, 2013

Euro FX futures contract, daily chart – May 31st, 2013

The area between 1.2910 and 1.2800 has acted as a support for prices twice and we cannot exclude it will act again as support, but we cannot be certain. That area of demand will only disappear after price moves below 1.2714 (level b). Target for all the participants in this area of support is 1.41. Such target will only be confirmed if we manage to move above 1.3358 (level c).

Today bears defended the next measured move lower, from May 1st highs to mid-may lows and this is a sign they are still around. Particularly they defended the 1.3078-80 level (level a). Above such level there would be the high probability of retesting the 1.3240 area, the short area for the bears and possibly the challenge to the 1.3357 (level c). On the other hand if price stays below 1.3080 (level a) and moves below 1.2715 (level b), the target for the bears will be confirmed at 1.2530.

So still everything is open in the Euro and I will wait the current situation to resolve before committing on the long side (I am still short and I will be below 1.3078, as mentioned yesterday). The levels to watch on the daily/weekly are those specified (a, b and c). Those levels are not going to change whatever price does, and you know the meaning I attach to them.

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.

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

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.

Have a good day

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

Euro-Dollar Analysis & Forecast, May 30th 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures for today May 30th:

Yesterday I wrote about a possibility for Euro to keep moving higher and today the Euro delivered. The Euro continued higher piercing that 1.3047 level, meaning that the offer coming in the area above the 1.3000 and to that level is now gone, out of the market. Price also dipped well within the next and last area of offer (before the larger 1.3240), starting in the 1.3020 area and ending above 1.3076.

If the 1.3078 level is pierced on the upside (and I anticipate that happening, but do not it for sure) I will not be interested in swing shorts any more. Price would then be set to retest the 1.3240 for the second time, and we know that second tests are dangerous tests. The retest of that area is especially important because bears will need to decide whether they will keep their swing short positions initiated around the 1.3240 area, or will let the market continue higher, by covering shorts.

I won’t be there with my position to test that. I will exit shorts above 1.3078. If we break the 1.3078 level we are not likely to go up into the 1.3240 area in a straight fashion. We will move there not before we get some sort of price retrace. I have identified an important anchor (level from which I trace the Fibonacci studies to identify price structure and setups in the current market conditions) and that is the 1.2880 level. This level is being used by Program Trading at the moment and I suspect  it will still be important after/if price breaks above 1.3078 and in case we continue higher into and through the 1.3240 area and price breaks the 1.3357 level.

If the 1.3357 level breaks bears will be all gone into the woods and the Euro will have again an opportunity and free way to move all the way into the 1.41 area in the coming weeks/months.

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.

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

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.

Have a good day

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