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Mario lobs a grenade into the FX market! Print
Written by Site admin   
Friday, 15 June 2018 08:42

Mario had some fun with the markets yesterday.

I had several members asking for my take on the Euro/Dollar reversal
yesterday as a result of the ECB grenade thrown into the markets.

That was all down to Mario Draghi, not following on from Powell on
Wednesday and tightening or at least accelerating tapering. The market was
convinced he would, then the bombshell was saying no rate rises until 2019
caught the market on the wrong side of trades.

The positives are that that created several Key Reversals in the EUR pairs,
CHF and Cable. The Euro hovered at the point of reversing giving some time
to get re-positioned.

From here, the dollar weakness has been reset to strength following through
on Powell's Wednesday words that they are convinced the US economy is
strong. Mario's actions confirm he believes Europe's to be weak. The
consequence of this is that we could well get some decent trends in the
likes of EURJPY and AUDUSD that was already the weak currency, etc.

That's for the next week or so. Today, Friday 15th, is profit taking day so far with
modest rallies across the board, so now is the time to look for rallies that might
give much better short entries.

 
Next Wednesday, up they go again... Print
Written by Site admin   
Thursday, 07 June 2018 20:01

The consensus is the Federal Reserve, at it's June FOMC meeting Wednesday 13th, will confirm the next US interest rate increase, from 1.75 to 2%:

fomcjune18

The consensus, 'dot' plot and forward guidance is as plain as day. But, today, the bond market just had a hissy fit...

30yrbondjune18

The standard 30 year US T Bond has been tumbling down this year. Interest rates do the opposite of course, moving on up as bonds slide. But just look at the chart. The chart bottomed on May 18th, rallied then tumbled again, until today, June 7th.

The 4 hour chart shows a major key revesal day, lower early in the day then higher than yesterday. Key reversals (or the candle version, Bullish Engulfing) are one of the strongest one day signals in the market.

What does this mean?

Maybe nothing more than traders liquidating their previous short position profits, just in case something unexpected comes out of the Fed minutes.

Or - the market just got the idea the Fed will change it's mind and delay the increase. The dollar will tank and stock markets will soar even higher. Stranger things have happened, just when everyone least expect it.

 

 
The NASDAQ takes a 500 point tumble... Print
Written by Site admin   
Friday, 30 March 2018 12:46

 

The NASDAQ takes a 500 point tumble...

Markets thrive on uncertainty and that's exactly why these false break-outs work so well. The majority expect the new high to be just the start of the next trend wave. The warning signs were there, a combination of divergence, volume, wave count and Fibonacci

We just needed price action confirmation and this started with the bearish engulfing candle at the high. The next few days neatly set up the sell level as the Colour Charts confirmed. Then, tumble, it did.....

nqwed28thmarc18

Where we are now is in the happy position of sitting on a very healthy profit. However, there are now warning signs of a possible rally that could evaporate those profits.

The prudent trader will be converting most of those paper profits into real ones, leaving just a small part of the trade on for the gamble of an even bigger move.
 
The NASDAQ keeps running Print
Written by Site admin   
Tuesday, 13 March 2018 16:50

 Way back, on the run up to the millenium, we had the tech boom. Add the word 'Internet' to any start up and away it went stock price rising into the stratosphere. Earnings, who needs earnings? You just needed the magic words, 'Internet start up' and the money cascaded in.

'It's different this time' was the cliche of the times, and it was - until it wasn't.

nqmonthly

Where are we now? In another tech boom, 1800+ points above the last peak in 2000.

The soon to be available, Nasdaq Trading course indicators with the FibFinder add on are suggesting the time might just be ripe for a top. Notice how the Colour Charts do a great job of defing the momentum trend runs, and changing colour when it's prudent to take profits. It'll be time to take cover when the next candles turn red.

nqdaily

 
Is the stock market rally now toast? Print
Written by Site admin   
Tuesday, 13 February 2018 14:24

So is this the big one?

Read more...
 
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From the blog

Trade like Super Mario
Trade like Super Mario:
How to leverage off your New Year resolutions (even if they’ve already failed)
 
We know that New Year is properly underway when people start talking about “Blue Monday” – this year falling on the 16th of Jan. It’s that low-point in the calendar when you’ve fallen off the wagon … stopped going to the gym … broken the diet …
 
For many of us, our hopes for 2017 are about finding financial freedom through the markets and investment programs. And it’s just as easy to be derailed from these plans as it is to skip a gym session or raid the fridge late at night.
But fear not, because we're here to show you that Blue Monday will be a great moment to kick start any life-changing program … and that ‘leveraging’ off key dates in the calendar gives us a greater chance of success.
 
So, if 2017 isn’t looking positive yet … mark this as the low point, and we’ve plenty of ideas for a boost …
Read more...

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