Rocketman

Rocketman Updated 

One last short for the road? If the USD data today is surprisingly bullish, then maybe. gotta read carefully the lines in between. However, there are some problems.....volume looks good for the bulls at the moment. The price bars are moving erratically with no bear in sight. There is two more hours until US retail sales come out, and then Yellen speaks today,...

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With the US being the only nation that as a promise for rate hikes, and as it comes near (possibly December 2016), prudent traders will begin to align themselves with the bigger forces out there. Technically, the market has pull back to monthly support and bounced off of it, and it looks like wave 5 could be starting now. On top of that, the counter trendline has...

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I actually published this as a private message by accident: See here:

Rocketman Updated 

Well, well, well! Last week the data for the USD came out splendid in my favor. We even managed to stop out mean reversion techies, several banks and their clients and many other short players that focus purely on the tech side of analyzing the markets. Lots of support here to go long SO FAR. I am watching that level for a reaction and a reason to enter...

Rocketman

I was thinking about the dollar and gold today after reading Making Sense of the Dollar by Marc Chandler (NYU professor and the former chief currency strategist for HSBC bank, now with BBH; and then, reflecting on Mike Malon's gold/silver videos, spewing with myths. Today, I'll give my view of gold i the form of a riddle, since I've already given my views...

Rocketman

All my targets have been reached... I just need to post this update. Kinda slow, but here is a pic at the time I tried to post before. s3.amazonaws.com

Rocketman Updated 

Churning accounts and Frustration : So, my butt has been kicked for several days because I was not aligning both fundamental and technical data together to get the best trades. Being patient can be hard sometimes, even if you have been trading a long time. I like trading with others because it helps to correct the "bad" side. We all need re-alignment sometimes....

Rocketman Updated 

Taking the focus off of the monthly support and economic points to support the dollar, I turn to the weekly to measure the volume and its rate of change to find support for continuing to hold on to this quarterly position in USDJPY. Of course, I am in and out of smaller positions in the same direction as the promising development of the economic-fundamental...

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Fundamental: Guess who is knocking heavens door? Its the banks! They are starting to move jobs out of the UK: news.sky.com In the beginning of August 2016 , I shorted the pound for fundamental reason and the technicals aligned with it. And now we are back to the levels where we started again. And, then after that, the UK data started to show positive waves of...

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Please see my trade in USDJPY from the link below. My I internet was down and I also had to rewrite this over again. Now, it is shortened. I've been in this trade for about one month now. It is hard to do as many gamble and twittle their fingers and push buy and sell buttons with every wind of momentum, but TRUE trend that last are created by...

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On Sunday, NZD's trade balance came out and it was the pits! And NZD's milk prices came in terrible! YES! Bad for them, good for us! I was waiting for an opportunity to short it. I shorted it twice upon US strength in the news, but it did not budge. It was hard to trade for two months because the USD data was mixed and NZD data contradicted its weakness....

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I am proud to say that I am a currency trader and investor! The Aussie rate decision comes out in 30 minutes as of this writing. So, do we buy or sell now before the Aussie rate decision? Gurus tells you to wait until AFTER the news comes out. Why? Because they have no idea of what to think. And, you pay them $1000s and then, miss the part of aligning...

Rocketman

Technical: (1) There is volume divergence with the price. (2) USOIL is at a weekly resistance level established back in June 2016. Using many strategies, including support and resistance,USOIL is at the limits of its steamy life in the light from lasts week's OPEC decision. It looks like it needs to pullback to gain some more steam again, especially with...

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I was stopped out by 80 pips, but I decided to give it a second go based on an 8 hour chart. support is still in tact, and I don't want to miss the big move tomorrow. Also this aligns together with the fundamental direction: USD is strong (long-term; but mixed short-term) and CAD is weak (long-term and short-term). Risk: (1) As long as I trade USDCAD, oil...

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USDCAD: Decided to go long with an 80 pip stop toward the wekly resistance area. Given the pressure from a weak Canadian central bank (evidenced in the CAD CPI last week..so terrible!) and a potentially reawakening US Dollar dragon- hopefully this week in the GDP and in Yellen's continued comforting statements in maintaining her hawkish stance (hopefully for...

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A fellow trader posted an idea to buy GBPAUD, using a what is being called a "Libra Pattern", namely, Projack's strategy, and a variant of my own strategies. A few days ago, I avoided an intraday fall in GBPAUD with the help of volume. This time it looks a little better, but I am still bearish on the GBP currency overall; hence, this small trade in GBPAUD. If...

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As I was looking at the price move up, I sold at resistance and expected the bears to come on in and match the bullish "Money Pump", but, it did not happen. HOWEVER, when price went above the September 19th high today on low volume, that was not bullish either, and GUESS what that means? That means that there were also no more bulls to push it up. So, we have...

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Economic-FundamentalPredictions: At 3am (New York Time), there is French Flash Manufacturing PMI and Services PMI coming up. Now, according to my predictive analysis of where France's data is going at that time, it is mixed. So, I will watch and see how bad it is. Yeah, my bias is that it will be bad, but I am only watching it. At 3:30am (New York Time),...