Rocketman

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.

Rocketman

I just wanted to publish this for reference...

Rocketman

Looking to buy.... because it is Friday, I don't expect to get triggered today. All the negative data I predicted today came out already. No predetermined catalyst today for the EUR, but there is at 9:00am for USD where FOMC Member Dudley Speaks, and 10:00am US Prelim UoM Consumer Sentiment data. That ought to shake things up a bit. U.S. March 2016 IBD...

Rocketman

Shorting gbpusd in my sleep...

Rocketman

SMALL RISK..BIG REWARD AGAIN...HEHE Maybe this time I will lose...

Rocketman

nOTHING BULLISH ABOUT THIS... I am in with all for legs....short..

Rocketman Updated 

Gotta go.. will update later.. nice risk reward..

Rocketman Updated 

I simultaneously posted a weekly chart on GBPUSD. Here I went to a 4 hour and 60 minute chart. There are some factors at play here. It looks like the market for GBPUSD will rally again, but this time it could be a trap. Instead, I prefer to wait with Mr. Penguin for a move down that lines up with my fundamental predictions for this week. I don't want to call...

Rocketman

SPX hit resistance. On Friday, there will be a catalyst called US employment claims coming out like they do every week. Next week on Tuesday, Wednesday and Thursday there will be more catalysts. Those catalysts involve US inflation data, retail sales manufacturing data and consumer sentiment. I will update my predictions at the end of the week for this...

Rocketman

Engulfing pattern is clear.... small risk..big reward potential

Rocketman

For many hours, I didn't know what to make of GBPUSD. So, I decided to squish the chart together, and that is when I saw resistance. Not only is GBPUSD back in March 2010, but trendline resistance on a daily and 4 hour chart. It is also facing some bearish hidden divergence. Of course, this negativeness could all end on March 9, 2016 if the very catalyst that...

Rocketman

Earlier in February, the Nikei bounce and I took note of it. If it can only get past 17850 in this bullish flag, then I aim for 22000 in the Nikkei. Well, come to think of it, this would also be good for US stocks! Supporting this flag is a type of bullish divergence. This should send the Japanese yen where Gov. Kuroda wishes it to go. Maybe people spoke about...

Rocketman

Finally, I have a good fundamental and technical trade that seems to match. UK's GBP idustrial production y/y and manufacturing production m/m and y/y should drop. I think the manufacturing PMI will push this in the short direction: www.tradingeconomics.com It will probably good to take a look at GBPUSD. Gotto go. Will update later.

Rocketman Updated 

Watching EUR's economic data coming out this week. So far, it doesn't look good. Here is a chart of their German manufacturing PMI, which looks terrible: www.tradingeconomics.com This could effect the German industrial production data coming up this week. The consensus is that it will do better. 0.4% is expected versus -1.2% previously; but I beg to differ. I...

Rocketman

For me, this is a technical trade. I think both EUR and CAD will fall this week, but I like this set up and the risk/reward. I don't put all my eggs in one basket. This is one out of many trades. Due to computer challenges, I cannot manage this actively. So, I'll just put in limit orders.

Rocketman

With EURUSD I am wauting for a break in either direction. I have a long bias, since it has bounced off of strong support and now forming a continuation triangle.