Rocketman

Rocketman Updated 

NZDCAD shorting all week

Rocketman Updated 

I have done an analysis of the rates and of Aussie's economy, and have briefly written the results in the following link. I do not expect rats to fall based on what I see. If it does, then things must be worse than my conclusion. AUDJPY still makes a good carry trade at the right price. Here is the link:

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Last week I too a long from the bottom of the channel to the target in the red box. It is in that red box that I went short. Now, the program is fully turned on. I was also looking at the COT report and analyzing it. While it may or may not be an exact market extreme, 71%- 72% of large speculators are now long. I think it is too many. There is some hidden...

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If I am wrong on my NZD speculation.. then it will be a loss of $70. If I win...then, I will win three or four times that much. I like those odds!

Rocketman Updated 

i just want to post this to remind myself about my future orders as I travel around this week...

Rocketman

hours of research: So, far, the trend resumes before the rate decision, but new information will break patterns. According to my suspicions and the analysis of the Australian economy, initially, I thought all is lost; however, when I looks at the whole picture; that is, the economic activity, consumer health, the labor market, inflation, the booming housing...

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I've been long GBPAUD for a while.... this time.. I will be more conservative. Going to sleep....good night.

Rocketman

...another technical set-up...bottom of chanel.. divergence..long.

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I keep trying to find BULLISH reasons for buying NZDUSD, but found none,there is even a brief breach of support and tweezer wicks. The only thing NZDUSD is missing for it to fall is an economic catalyst! Where will this catalyst come from? The catalyst will come THIS WEEK in the GDT Index! Technicals: Before I get into the fundamental reasons, here are some...

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NZDUSD has been the hardest pair to trade. Now that I am short. I do expect a retest of the red candle. Observation: I notice that whenever the RSI(12) gets to extremes (70 or 80) with price action the bars react wildly The same for when is goes to 40. This time NZDUSD is at 70 AGAIN, and it reacted violently. Now, the plan is this: Target#1 : to sell...

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Bottom of channel; volume down on fall; piercing candle.... stop below bullish candle target 200 to 400 pips away

Rocketman Updated 

Here are my predictions: i.gyazo.com I am mixed the EUR on fundamental data for Tuesday, but technically, I am short. for now; as there is no new information to suggest otherwise. Consumer confidence is coming out for the US and it doesn't look good. It is a high impact event, but recently it has not been impacting the market. So, my confidence level is not a...

Rocketman

Yield Curve Spread for each economy: 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity (T10Y3M Also available free at fred.stlouisfed.org Background: Yield Curve Spread for each economy: 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity (T10Y3M): fred.stlouisfed.org A valuable forecasting tool for...

Rocketman

The retracement volume in UUP was weak. Looking for bullish volume to show up if it rallies up higher. If not, then we've got a problem.

Rocketman

If the USD continues its up trend I will sell everything else against it. It looks like AUDUSD hit the top of a strong channel and is not falling down.

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This is a trade-weighted index that I painstakingly put together by going to several central banks. It measures the "Yen" across the board of currencies; and not just USDJPY or JPYUSD. There is room for improvement...but it is working so far. It tells me that the Yen is flat and that the trend hasn't changed yet. The numbers on here do not matter...just what...

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Australian Currency: Technical : "Pi" Pattern forming Fundamental : Fork in the road Awaiting on what's next....

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Looking at other types of analysis, EURUSD needs to penetrate 1.1240 to further confirm a breakdown and change of trend on a higher time frame. If this occurs, then I believe a move to 1.09 or 1.08 is what the market will go for.