Tag Archives: daily

Euro-Dollar Analysis & Forecast, May 29th 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures for today May 29th:

As said in my last review the Euro is in a box play between 1.2910 and 1.3230. There is still a possibility that we move higher due to the continued support coming in the 1.28-1.29 area. Still no need to rush in now.

In the above video I review the daily, 4-hour and 15min charts for the Euro FX futures (this is not the EUR/USD spot, but the measured moves are the same, so you can easily find them). If price moves below the 1.2918 level, the 15min extension long currently being observed by price will fail and the short scenario will be back in play.

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.

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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 27th 2013 (English Language)

Hello traders,

Here below please find attached the video-analysis of the Euro FX currency futures for today May 27th:

The Euro is in a box play between 1.2910 and 1.3230. There is still a possibility that we move higher due to the continued support coming in the 1.28-1.29 area. No need to rush in now.

When this sideways move will be finally solved the Euro will be free to move higher into 1.41 or lower into 1.2530 first and then a retest of the 1.2150 (with a potential 1.14 target). All scenarios still open.

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 daily timeframe analysis, January 29th 2013 (English Language)

Hello traders,

Here below please find attached an analysis of the Euro FX currency futures on the daily chart for today January 29th.

I will not post video analysis for the Euro FX currency futures on Mondays, Thursday & Fridays, unless important developments pop up. So if you want to be on top of the Euro I invite you to subscribe my newsletter (read below). Later on I will record the videos for today, Tuesday.

This is my current view on the daily chart for the Euro FX currency futures contract (see the below picture):

Euro FX futures contract, daily chart - January 29th, 2013

Euro FX futures contract, daily chart – January 29th, 2013 (click to enlarge)

Yesterday we had price holding the 1.3430 area which corresponds to an extension long setup with failure below 1.3408. In the morning, after the London open (actually at the German desks open) that very area was supported and funds/program trading came in to buy.

At the moment I see the following two scenarios going forward:

Scenario 1. If price keeps above 1.3408 we could see a continuation higher into 1.3510 and possibly the 1.3600 area

Scenario 2. Should price move below the 1.3408 level we could see a slide into 1.3380s or even the 1.3300 area, next daily extension long. There price could resume its move higher (broken line in the above picture).

Notice that we have unfinished business at 1.3600. This is the second target of the bull flag we saw forming in the last 2 weeks on top of the 1.3260 support level. Also the 1.3510 area is 1st target of the smallest extension offering support at 1.3425-30 area (which traded in the morning) and lines up with sensible resistance. We could see mild profit taking there, or we could not.

Please, let me have your comments.

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

Leave a comment

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

Baidu (BIDU) video analysis and trading plan, December 11th 2012 (English Language)

Hello traders,

I recorded a video-review for Baidu (BIDU), a well-known and highly participated stock traded on the NASDAQ.

Hereunder is my video analysis for BIDU and below you can find the trading plan:

This stock is controlled by the bears on the longer timeframes and by breaking the 90 level such control has been confirmed. This does not mean that price cannot go higher but it will be pushed higher mostly by profit taking already started in the 86 area.

This stock hit a long-term (weekly) target at the 85.90 area and it is now due for a retracement higher into the 110 level. Conditions for Program Trading to start buying is that price moves above 98.80. Above that level longs will be ‘safe’ with a stop below recent lows (below 85.80).

For BIDU I was able to identify two bullish scenarios going forward:

Scenario 1: the stock trades the first traditional measured move finding support in the 92.70 area and then continues to move in traditional measured moves. So it hits the first target in the 102 area and then retraces again into the next support area at 97.70 and then continues higher into the 110 level.

Scenario 2: the stock trades the first traditional long at 92.70 (as above) and then keeps moving higher finding support in the 103.60 area and then continues higher into the 110 level.

Find hereunder the trading plan for BIDU:

trading_plan_BIDU_20121211

Trading plan for HPQ, December 11th 2012 (click to enlarge)

For your information I write a free Newsletter I send over on Sundays and a mid-week update (see example here) along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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

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Bank of America (BAC) video analysis and trading plan, November 29th 2012 (English Language)

Hello traders,

I recorded a review for Bank of America (BAC), a well-known stock traded on the NYSE.

Hereunder is my video analysis for BAC:

The stock resumed its move lower on April 2010 and traded a resistance level and short setup at 15.30 with targets at 8.80 and 5.40. Notice as program trading came in right at the second target at 5.40 to take profits and price could not move lower.

It took three months during the last quarter of 2011 for price to reverse. When price climbed above the 8.65 level the larger sequence down was interrupted. Ball passed to bulls which were not initially capable of defending the 6.90 level. Eventually the 7.50 support area started getting participation and, on a second test at the end of July this year, bulls were able to defend their position.

The support and long setup area at 7.50 has targets at: 11.30 (1st target) and 13.30 (2nd target). In the above video I focused on a trading plan for the first target. In fact, you should also notice that a potentially strong resistance level is located at 12.40.

On the daily chart I could locate current supports at 8.90 and, on a shorter timeframe, the 9.40 support. The 8.90 support and long setups has targets at 10.40 and 11.30. The second target nicely lines up with the 11.30 first target of the larger weekly support at 7.50, therefore showing good chances for price to get there. Find hereunder the trading plan for BAC:

“A trading plan for Bank of America (BAC)” (published Nov 29th, 2012)

“A trading plan for Bank of America (BAC)” (published Nov 29th, 2012)

For your information I write a free Newsletter I send over on Sundays and a mid-week update (see example here) along with other information, typically including: a weekly review for the Euro-Dollar cross and other Forex pairs, indices or commodities futures, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

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

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