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
- Post #15,382
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- Jul 27, 2015 2:31pm Jul 27, 2015 2:31pm
- | Commercial Member | Joined May 2007 | 7,628 Posts
- Post #15,383
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- Jul 28, 2015 8:50pm Jul 28, 2015 8:50pm
- | Commercial Member | Joined May 2007 | 7,628 Posts
Here is a market that a (potential) new broker of mine offers.......Sugar #11. Wow, this is a downtrend.....weekly time frame.
- Post #15,384
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- Jul 28, 2015 8:51pm Jul 28, 2015 8:51pm
- | Commercial Member | Joined May 2007 | 7,628 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.
- Post #15,386
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- Jul 29, 2015 2:26pm Jul 29, 2015 2:26pm
- | Commercial Member | Joined May 2007 | 7,628 Posts
- Post #15,387
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- Aug 1, 2015 10:42am Aug 1, 2015 10:42am
- | Commercial Member | Joined May 2007 | 7,628 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.
- Post #15,389
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- Aug 2, 2015 9:36am Aug 2, 2015 9:36am
- | Commercial Member | Joined May 2007 | 7,628 Posts
- Post #15,390
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- Aug 2, 2015 9:40am Aug 2, 2015 9:40am
- | Commercial Member | Joined May 2007 | 7,628 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.....
- Post #15,391
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- Aug 5, 2015 9:44am Aug 5, 2015 9:44am
- | Commercial Member | Joined May 2007 | 7,628 Posts
- Post #15,392
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- Aug 5, 2015 9:46am Aug 5, 2015 9:46am
- | Commercial Member | Joined May 2007 | 7,628 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.
- Post #15,393
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- Aug 6, 2015 12:07pm Aug 6, 2015 12:07pm
- | Commercial Member | Joined May 2007 | 7,628 Posts
- Post #15,394
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- Aug 8, 2015 10:53am Aug 8, 2015 10:53am
- | Commercial Member | Joined May 2007 | 7,628 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.....
- Post #15,395
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- Aug 9, 2015 4:51am Aug 9, 2015 4:51am
- Joined Jun 2009 | Status: Member | 7,795 Posts
- Post #15,396
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- Aug 13, 2015 9:51am Aug 13, 2015 9:51am
- | Commercial Member | Joined May 2007 | 7,628 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
- Post #15,398
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- Aug 15, 2015 10:58am Aug 15, 2015 10:58am
- | Commercial Member | Joined May 2007 | 7,628 Posts
- Post #15,399
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- Aug 15, 2015 3:31pm Aug 15, 2015 3:31pm
- Joined Aug 2009 | Status: mmmm....beer.... | 963 Posts
- Post #15,400
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- Aug 15, 2015 10:39pm Aug 15, 2015 10:39pm
- | Commercial Member | Joined May 2007 | 7,628 Posts