Tag Archives: inexperienced traders

Weekly Review and levels for GBP/USD, AUD/USD, USD/CAD, NZD/USD and EUR/CHF, June 30 2014

Dear traders,

Following up on the free Newsletter I sent to my subscribers yesterday, like I do every Sunday, I am sharing one of the three weekly video review that can help in preparing for the week and looking at the opportunities in some of the markets.

In the video below I cover the review and the opportunity for the week in the following markets: GBP/USD, AUD/USD, USD/CAD, NZD/USD and EUR/CHF:

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 a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to 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.

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

Leave a comment

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

EURUSD trading next 4-hour extension short, June 11 2014

Dear traders,

this is a brief analysis of the EUR/USD pair that, as mentioned in the market review provided on Monday, has respected (and confirmed so far as resistance) the area starting at 1.3668.

The Euro is currently trading the 1.3552 next 4-hour setup short in the sequence and, so long as it stays below the failure level 1.3561 (stop-loss for current short) it has the potential to move into the 1.3424 area.

The chart below shows the current view on the 4-hour chart:

"EURUSD trading next 4-hour extension short", June 11 2014

“EUR/USD trading next 4-hour extension short”, June 11 2014

Above the 1.3561 level, the Euro has the potential to move again back to the 1.3668 area of resistance, before starting moving lower again.

Hint: 1.3561 is a profit taking for shor-term trades short started at 1.3668

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 like to 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.

Do not forget the  3-hour Monthly Webinar event I am going to offer on Thursday June 19 at FXStreet.com. It is in 2 parts and you can check the details of the June Monthly Webinar and register here. Don’t miss it, as I am going to share very good and useful information that can help in your trading.

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…

Have a great trading day.

The FibStalker Giuseppe, ~the FibStalker

 

Leave a comment

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

Forex Markets on the move, June 10 2014

Dear traders,

Following up on the June 10, 2014 Daily Update on the 12 markets I follow, published before (by the way, the video is not up on YouTube and is available), here is what is happening in some of the Forex Majors:

EUR/USD: beautifully respected the 1.3668 short and, below 1.3568 it has the potential to move swiftly to 1.3424 and then 1.33 area

USD/JPY: respecting shorts at 102.73 and potentially into the 101 area. Below 101.56 the first target is 100.70 area

EUR/JPY: also respected the shorts at 140.16 after “busted longs” and now heading into the 137 area

EUR/CAD: also saw brisk selling, as anticipated in the weekend review, and now headed towards the 1.4617

GBP/USD: did not move much bust still respecting resistance at 1.6845. This could push price lower into the 1.6630 first target area.

AUD/USD: still in longs on the 15min timeframe. New shorts, if they materialize, will only be confirmed below 0.9317.

USD/CAD: confirmed shorts last Friday, below the 1.0961 stop level and short area that held. Next target at 1.0760.

NZD/USD:
4-hour and daily timeframes confirmed longs on top 0.8415. The 15 min is currently testing the 0.8480 longs. A pierce of the 0.8512 on the upside would confirm new longs at these levels.

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 like to 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.

Do not forget the  3-hour Monthly Webinar event I am going to offer on Thursday June 19 at FXStreet.com. It is in 2 parts and you can check the details of the June Monthly Webinar and register here. Don’t miss it, as I am going to share very good and useful information that can help in your trading.

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…

Have a continued, great trading week

The FibStalker Giuseppe, ~the FibStalker

 

Leave a comment

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

Daily Review and levels for USDJPY, EURJPY, GBPJPY and EURCAD, June 4 2014

Dear traders,

Following up on this morning June 4, 2014 Daily Update on the 12 markets I follows, here is my take on the USD/JPY, EUR/JPY, GBP/JPY and EUR/CAD for the coming days:

USD/JPY: respecting a measure move long which brought price into the 102.44 first level and now towards the second target at 102.94. After that we should witness a retrace, potentially into the 102.50-60 area.

EUR/JPY: this market is in a confirmed lateral move (and printing a triangle formation) after 139.14 was pierced on the downside. A potential reversal higher was indicated during the weekend. We could witness price at 141 level and, potentially into the 142.10 area.

GBP/JPY: this market is also in a lateral move, confirmed on the 4-hour timeframe, with a potential retest of 168.75.

EUR/CAD: The sequence of measured moves higher on the daily timeframe failed in this market, which means that a retrace into 1.3850 is now possible. After hitting the first target of the first measured move lower this market may be retracing now into 1.5016 with a stop above 1.5085. Right at shorter term resistance now at 1.4867. Above 1.4902, the 1.5016 resistance becomes more probable.

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 like to 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…

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

Leave a comment

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

Daily Review and levels for GBP/USD, AUD/USD, USD/CAD and NZD/USD, June 4 2014

Dear traders,

Following up on this morning June 4, 2014 Daily Update on the 12 markets I follows, here is my take on the GBP/USD, AUD/USD, USD/CAD and NZD/USD for the coming days:

GBP/USD: respecting a traditional move lower with resistance starting at 1.6787 and first target into 1.6648, helping into that first level where profit taking (and longs on the smaller timeframe are anticipated as per Program Trading tactics), at 1.6620.

AUD/USD: This market traded the area of resistance starting at 0.9308 (stop above 0.9333) indicated in the weekend. On the 4-hour timeframe, however, this market confirmed a lateral move. Therefore we could see this market retesting the 0.9308 level in the coming days and then continue lower.

USD/CAD: this market is in a short profit taking rally, pushed by longs in the smaller timeframes. There are two areas of potential short: 1) at 1.1016 and 2) 1.1050, with a stop above 1.1103.

NZD/USD: Congrats to those who traded the market short after the sequence of daily moves long was interrupted as of May 23. The market got into that 0.8415 area as anticipated. A first confirmation of support at this area will come if price is capable of climbing above the 0.8478 level.

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 like to 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…

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

Leave a comment

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

Daily Review and levels for EUR/USD, S&P500, Dollar Index and Gold, June 4 2014

Dear traders,

Following up on this morning June 4, 2014 Daily Update on the 12 markets I follows, this is my take on the EUR/USD, S&P500, Dollar Index and Gold for the coming days:

EUR/USD: better to wait the decision of the ECB on Thursday. Not a time to get involved in my opinion. If you fear that this market will continue lower without us, fear not!
This market will eventually retrace into one of the measured moves indicated in the video (1.3680 or 1.3710 – estimated at current lows – levels that I have indicated also in the weekly review)  and we will let market action decide.

S&P500 e-mini futures: above that critical 1916 level. It could retrace into 1904 before continuing higher. This market is moving in extension longs and in my opinion this type of move is not sustainable in the long-term

Dollar Index futures: this contract is still trading an extension long that was identified on May 20. The first target at 80.60 was hit and now this market has to potential to be moving into the second target at 80.90/81. After that we should witness a retrace (depending also on ECB decisions)

Gold mini: Now that previous support area starting at 1,286 has given way the market has confirmed shorts with the first target level of the largest daily short (1,333 area) at 1,250 being reached. I do not anticipate a large retrace when shorts will start taking profits (this could have started already). Shorts could enter the market again at 1,261 with a stop above 1,266.50.

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 like to 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…

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

Leave a comment

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

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

 

Leave a comment

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

 

Leave a comment

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