Disliked{quote} This market looks a lot like Gold did in the 80s......you just sold every time it bounced. Where I live, we literally have more natural gas in the ground than we know what to do with - and Pennsylvania is even worse......Ignored
- #15,383
- Jul 28, 2015 7:50pm Jul 28, 2015 7:50pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Here is a market that a (potential) new broker of mine offers.......Sugar #11. Wow, this is a downtrend.....weekly time frame.
- #15,384
- Jul 28, 2015 7:51pm Jul 28, 2015 7:51pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Here is one to watch.....AUD/USD. This is an hourly chart, but I like this area for the resistance......Perhaps going to short on a break a bit lower.
- #15,387
- Aug 1, 2015 9:42am Aug 1, 2015 9:42am
- | Commercial User | Joined May 2007 | 7,685 Posts
A chart that looks like it wants to continue going higher....... GBP/CAD
Looking at the chart, you can see that we consolidated for some time. However, we broke higher and now look like we are going much, much, higher. The 2.05 level above is going to be a bit of a "speed bump", just because of the "round number" aspect of it. The market should continue higher though, as the GBP is looking relatively stable against the USD, while the CAD is getting hammered.
(I know that people sometimes don't like hearing this, but the USD is the most important measure of all things in the commodity and currency markets. With this, I will often look at a cross pair like this and ask the following question: "How are they doing against the Greenback?")
Also, the oil markets look fucking horrible still. (Although, I think we will eventually form a bottom near the $40 level.)
Chris
P.S. - This chart is a perfect example of a trend lasts until it doesn't. Don't make trading any harder than it needs to be. Follow the herd - don't fight it. Yes, the trend will end someday, but the idea is to have several wins before it does.
Looking at the chart, you can see that we consolidated for some time. However, we broke higher and now look like we are going much, much, higher. The 2.05 level above is going to be a bit of a "speed bump", just because of the "round number" aspect of it. The market should continue higher though, as the GBP is looking relatively stable against the USD, while the CAD is getting hammered.
(I know that people sometimes don't like hearing this, but the USD is the most important measure of all things in the commodity and currency markets. With this, I will often look at a cross pair like this and ask the following question: "How are they doing against the Greenback?")
Also, the oil markets look fucking horrible still. (Although, I think we will eventually form a bottom near the $40 level.)
Chris
P.S. - This chart is a perfect example of a trend lasts until it doesn't. Don't make trading any harder than it needs to be. Follow the herd - don't fight it. Yes, the trend will end someday, but the idea is to have several wins before it does.
- #15,390
- Aug 2, 2015 8:40am Aug 2, 2015 8:40am
- | Commercial User | Joined May 2007 | 7,685 Posts
WTI Crude (CFD)
Not a really brave call by any stretch, but it looks as if $42 if calling again.....I suspect this coincides with a move to 100 in the US Dollar Index....or close to it at least.....
Not a really brave call by any stretch, but it looks as if $42 if calling again.....I suspect this coincides with a move to 100 in the US Dollar Index....or close to it at least.....
- #15,392
- Aug 5, 2015 8:46am Aug 5, 2015 8:46am
- | Commercial User | Joined May 2007 | 7,685 Posts
Possibly the best trend at the moment, and it makes sense. The GBP is doing "okay" against the USD, while the AUD looks horrible - even with the small bounce. I like this one to the 2.15 level.
- #15,394
- Aug 8, 2015 9:53am Aug 8, 2015 9:53am
- | Commercial User | Joined May 2007 | 7,685 Posts
This is one of my favorite charts at the moment, GBP/USD. Even if I don't take a trade in this pair, I will be looking to buy the GBP somewhere this week. If it is doing reasonably well against the USD - then it should do well against other currencies such as JPY, CAD, AUD, etc.....
- #15,396
- Aug 13, 2015 8:51am Aug 13, 2015 8:51am
- | Commercial User | Joined May 2007 | 7,685 Posts
Thought I would have a go at this one...... USD/CAD. It is with the overall trend, and it seems as if the pullback is finally getting buyers interested. Also, the market is going to react to oil, which has been horrible lately.
Chris
Chris
