Rocketman

Rocketman

Cautiously going long with small risk. I am waiting for at least price to go to around 1.4250 first, then see if it can give me wholesale prices.

Rocketman

Once again AUDNZD has reached the bottom of its channel on strength in the New Zealand dollar currency. It is probing an area of support. I am watching it, but not trading it as there is not clear set-up.

Rocketman Updated 

Playbook: If it continues to fall, look for divergence. If it goes up, look for it to penetrate 1.0615. On a strength basis, the Australian dollar is weaker than the New Zealand dollar. also, Australia only pays 1.85%, while New Zealand pays 2.25%. So, I would rather put my money in New Zealand; however, for a short-term trade, if I see people pushing the price...

Rocketman

Waiting for price to show signs of selling pressure. It shows hesitation. Bears have begun to step in on lower time frames. If it stalls around her, then price would have slow sufficiently enough to take a trade to the short side.

Rocketman Updated 

With Yellen speaking today at 12:30 EST at the World Affairs Council of Philadelphia, there's nothing to do but sit on my hands...and get an early lunch, and wait for volatility to kick in more. This move in USDCAD looks like it was caused by USOIL, which is in a range market between 50.08 and 47.75. THE CATALYST: Scenario#1: Two catalysts here: If there is a...

Rocketman Updated 

In one hour (8:30 am EST), economic releases coming our for the U.S.A. and Canada. Canada's GDP is expected to remain the same as last time (-0.1%). I believe that it will be the same or worse. When I look at Canada's retail sales, not including auto sales, I think of a bad story playing out: www.tradingeconomics.com In contract, the USA's retail sales have...

Rocketman Updated 

Watching for a potential rally in UCAD. I do not see any clear evidence yet.

Rocketman

I am just going to take 20 pips out of this move.

Rocketman Updated 

Technically, I think that the EUR currency is pretty strong today and that CAD and Japan are weak. So, I chose EURCAD because of the growing momentum on the 15min- 30 minute chart. I believe that a catalyst is coming in about 2.5 hours for the Canadian economy. My targets may be reached before then, and if so, my part of my day is done. It is not an exciting...

Rocketman

watching CADJPY for a further catalyst or a trap. Either way, surfs up on my lower time frame trades.

Rocketman

Even though there is divergence on the 4 hour chart, the GBP is strong and still strong and GBPUSD in an up trend. So, I will stay to the long side for now. This 60 minute chart is just a higher TF pullback to the 50% level.

Rocketman Updated 

I was expecting good news from US Home Sales. I am recovering from a long trip overseas and just getting back in the swing of things. Here are two targets that I am monitoring on a smaller time frame.

Rocketman

This is a pair that I am eyeing as the vote on BREXIT approaching in mid-June. I am still recouping for the long vacation and taking it slow.

Rocketman

Recording my NZDUSD trade

Rocketman

I expect a bounce is near....hopefully, the CPI will come out well.

Rocketman

Updating another trade I am taking at the moment. Durable Good orders is expected to be bad on Thursday March 24th. I cannot predict that data; however, I like this trade set-up.

Rocketman

took a relaxed long...just wanted to post it...

Rocketman

One More bad day of US data on Monday coming up..... then..I think the rest of the week will have good data...I hope. I will update over the weekend.