Rocketman

Rocketman

Technical: Oil = Inverted Head and Shoulders Pattern US Dollar: Probing for bulls at key levels of support. Fundamental: I am still waiting for US Dollar strength to show up in the data. We have WHIPSAWS in fundamental data too. So, it is a bumpy ride!

Rocketman Updated 

A small target at 114.21. There are obstacles in the way...so, I plan to watch those levels and move the stop to B.E. when it reaches those levels. I am not concerned about making a profit at the barriers at this time, just break even. I am only concerned about profit-taking near my targets. I am monitoring my pound trades more than EURO trades.

Rocketman Updated 

Multiple resistance levels are in alignment.

Rocketman Updated 

At first, I was a seller and removed my buy position in this trade; however, at the end of the day, major support is still in although there was a trendline break. There is only a 40% to 60% probability that the trend will change. That's no good for me. And as per my chart, the next level of resistance is 0.8815 and 0.9269. This is where I am looking to book...

Rocketman

Technically and Fundamentally: In this chart, the DXY has support and take profit level lining up. It is either here or a little bit lower that the bears will take cover. They have already started to.32 hours ago, and bulls nibbling at the dollar. On top of that, there is 4 Hour Bullish Divergence and 61.8% Fib Support. We are sitting on a B-Wave, which...

Rocketman Updated 

I am still in a long position... If it goes back up...then I will be filled to go short.

Rocketman

taking a short that I've been waiting for with a small size

Rocketman

Yes, I am away of the US Dollar weekly Head and Shoulders Pattern: Patterns can break if the new information comes in though. For now, I am using this bounce to short the pound.

Rocketman Updated 

On top of the channel..... maybe this is the pullback we needed to get short. I added to the short at specific planned levels... may get stopped out...but for now..short...

Rocketman Updated 

EURGBP reached my trade target, but I believe that this is a good opportunity for one more push up in this uptrend. I believe it can go to 0.88 or 0.92 before any significant resistance ensues. This pair is waiting for the upcoming HARD data on the UK economy coming up in a few hours! Is all of that priced it? Think about this: Was the Brexit Vote already...

Rocketman Updated 

I bought EURUAUD, but I am going to switch my position soon and take profit....possibly in the London Open.

Rocketman Updated 

I noticed that some of my trade ideas said booked some profits and others didn't. On Friday and today, I added more on GBPUSD. Aiming for 1.25 and 1.27. I am only planning on partially out at 1.28 See the trade idea on GBPUSD: Project Re-Short. Nothing has changed and Brexit is not going away.

Rocketman Updated 

* Like always, I combine technical analysis with fundamental analysis, and I believe this is an optimal and an intelligent way to trade. NZ Rate Cute - What to look for: (1) Dovish Tone and a Rate Cut (2) Hint from the central bank of further easing and further cuts. The New Zealand central bank could not do it before for fear of fueling and already housing...

Rocketman Updated 

The employment data for the US came out GREAT! I watch waiting for this all week. This gives me confidence that the US Dollar is still strong enough to beat the UK pound. So, I am higly confidence in holding short the GBPUSD.

Rocketman Updated 

Technical trade. If I am filled below, then my targets are from $6.50 to $9. This is a $4 to $5 range of profit with a small risk of loss. I don't plan on monitoring this trade if filled, but limit orders are in. I am mainly focused on currencies.

Rocketman Updated 

Putting on a small trade to short the SPY through other ETFs or other means that are safe. A humble target to weekly support at least: 213.72, then reverse (probably).

Rocketman

Data is positive in the ADP, a leading indicator for the US Economy. I am canceling orders. Sure, it is a technical trade, but I am going to be on the road. I am only confident in my short on GBPUSD and long on EURGBP. I am long AUDNZD also and short NZDUSD as of this writing. Also, collecting interest from USDMXD (don't care if it moves up or down.

Rocketman Updated 

As time move on, the price becomes clearer. as GBPUSD goes up, I enter more short position at key levels. Risk to this trade is dollar weakness. This is something I am watching out for.