Rocketman

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.

Rocketman

I bought AUDUSD earlier... and gold broke out with it. Now, the FED NFP is coming up. We have an even BIGGER triangle. I kept some orders in for a potential bigger flock to safety in gold and AUDUSD. Aussie pays a nice interest to boot! Unless this trend breaks.. I am staying in!!

Rocketman

Looking at the terrible outlook for the dollar, the chart also doesn't look good. Any pullback for now is a sell. Of course, waiting for any signs of a pullback and sell signal. Flows leaving the USDollar back into Euro and/or gold!! People trying to decide where to put there money next! Non-Farm Payrolls may help them decide. Where to put your money next? In...

Rocketman Updated 

I think retail sales will be strong enough to push AUDUSD farther up!

Rocketman

adding to the fuel until I cannot add anymore...

Rocketman

.....Time to re-short this crap. Riisk reward is great!

Rocketman

I was stopped out...re-entered.

Rocketman Updated 

In addition to this H&S reversal pattern, I think there are some bearish catalysts coming out tonight in 2 hours! So, here we go!

Rocketman

It looking like EURNZD is blasting off although EURUSD is falling. That's ok. Good for 100 to 250 pips. Small risk.

Rocketman

Hey, the BIG SHORT is on with the GBPUSD brewing for a Goliath fall. It is a reversal pattern of sorts in the making. Good for 150 to 300 pips.

Rocketman

Here we are at a moment where Yellen deciides the fate of the US economy, well, investor reaction to her decision. Her decisions are evidenced based. So far, ISM Manufacturing PMI came out better than expected. Now, we await the ADP Emplyment Report in 7 hours and the Non-Farm payrolls. If one goes long now, then it would be right near into a cluster of...

Rocketman

Past support becomes future Resistance. Also, the pair duplicated already. Daily and weekly pivot resistance. Trendline resistance. Good for a 200 pip to 300 pip fall.

Rocketman

Entering long USDJPY. I like the consolidation at this level. What's more, I think around 10am there will be good news coming out for the USD in its Pending Home Sales m/m. So, it could be a good trade.