Rocketman

Rocketman

GBP is falling but not across the board. This is due to China strength andUS dollar strength in their respective currencies. Although only GBPUSD and GBPCNY has falling by themselves, the GBP index is testing the backside of a broken trendline: So, there is a probe for resistance. The GBPUSD fell right into the area where I take shorts and has penetrated...

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This could be the TIPPING point for the New Zealand Currency. Now, to find a currency to exchange with it that is moving up. Candidates: USD...still thinking....

Rocketman Updated 

I took a SMALL short on this: It looks like it went back to resistance...and there was no divergence....oversold stochastics. I normally do not analyze this way, but I favor the rates on this pair...I was waiting for another opportunity to get the interest for at least one day. RISK: Existing Home Sales coming out today. Yesterday "New Home Sales" were good....

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For some reason.. I can't convert this, so I had to take a picture of it. Here are my fundamental predictions for Monday and Tuesday: i.gyazo.com Wednesday, Thursday and Friday: i.gyazo.com As you can see, the only data that is potentially tradable is the Euro data coming out and the GBP data coming out...BUT as I have be saying... the GBP data coming out has...

Rocketman

This is a Trade-Weighted Index for All Major Currencies (Not just pairs). It may say "AUDJPY...." or you may see pairs..but this is actually formulas of formulas... (1) They can be analyzed individually by looking at the direction each are moving and then deciding which pair is best to trade. You may have thought about buying AUDNZD, but as you can see....NZF...

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This is an area that I wanted to get short from yesterday.. I like the resistance..but the fundamental news coming out on 30 minutes could DESTROY this trade.

Rocketman Updated 

GBPUSD hit targets... at top of channel... if the dollar rallies more than expected...then...I expect the trendline to break...

Rocketman

This is just a test.... Using this formula for the US Dollar for a while now. Trying to decided between this one and another.

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I cannot ignore this one! Risky..but...three wicks so far...

Rocketman Updated 

This area was a planned area...I did not think it would go this high.. and I am happy that it did.

Rocketman Updated 

Adding to my small short in this targeted zone.... don't have to be to precises here. I would like to see a good sell candle, confirming this resisance area.

Rocketman Updated 

(1) The chart is obvious: TWEEZER TOPS! What else do we have? (2) Fib resistance (3) Horizontal resistance from the daily chart (4) Stochastics turning around in sell zone (5) Australian fundamental news is to be BULLISH based on my predictive analysis, and other economists agree. I expect a surprise attack right here. My stop is suppose to be above the high,...

Rocketman Updated 

Fundamental Analysis: So, here is my personal scoop for today's employment data coming out for the Australian economy: i.gyazo.com See my earlier analysis on the Aussie a few weeks or months back. The picture is the same. It is forecasted to come out good by economists; AND on top of that, my personal predictive analysis is also a positive reading for the...

Rocketman Updated 

Going long...targeting 1.32ish

Rocketman

It almost can look like a bowling alley; instead, the candles are the pins. Oh do we traders like pin bars! Yummy. Pin bars and railroad tracks.

Rocketman Updated 

MIXED PREDICTIVE FUNDAMENTAL ANALYSIS SIGNALS!!! Technicals : Waiting on GBPUSD Sell Signal...... Waiting on GBPCNY break of support... Need GBPNOL to also break support. EURGBP remains subdued at support.. waiting for a bullish EURO catalyst. I DO NOT THINK WE WILL GET IT, but if we do....here is the catalyst! Fundamental Catalyst: Any news catalyst...

Rocketman Updated 

I was long on the 15 minute.. not I am short NZDUSD. I think the dollar will find support soon.

Rocketman

There was a trendline brake. I need the support to be broken too. The coming Oil Rally could be that catalyst. The dollar could also rally with strong news. That is what the FED is waiting for.... and so am I. And, then one must determine that if the dollar rises, which will rise faster, oil or the US Dollar? I think the oil will rise faster than the...