Rocketman

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.

Rocketman

This is not a pair to day trade. I am long based on monthly and weekly charts. I enter at key levels. It is clearly still in an uptrend, and we are at levels to start buying. Stops re very large, so this is not an average trade with just 50 pips. I like the 61.8% level here at 2.0602 and all the visible confluence that goes along with it.

Rocketman

It is expected that the EUR data coming out for the CPI to be good, but I believe something else based on my understanding. I think the CPI for Germany will be down and not meet expectations or estimates. So, I will be looking for a small shorting opportunity to the downside if one arises. 4 hour chart ZOOMED in: gyazo.com It looks like most things on...

Rocketman

It looks like NZDUSD is building up pressure for upcoming data to be released later on today at 4:45pm New York time. The consensus is that NZD's trade balance should worsen, but according to what I see, I think that the trade balance will be better than expected. Then, what's more, looking at the 15 minute chart, I see double pressure from both bulls and the...

Rocketman

if we manage to break this level @ 1.6515, then my eyes are set for 1.62 or at least 1.6440. I await the news on the EUR CPI at 5am. I anticipate it to be bearish catalyst to push prices down even further than my small targets.

Rocketman

With UK's GDP revision data coming out ahead on February 25th, 2016, it should be a catalyst in both directions. No one knows what to expect, but what they do know are the Grexit fears coming out in June. Why bet on a good GDP for tomorrow when you don't know about it? All we can do is wait to see what these big players are going to do, then follow suit. People...

Rocketman

1.40 broke. It seems that the psth of least resistance is 1.36, 1.33 ad 1.34. I may join the sellers on this one, but waiting for an entry, if I get one. I am also looking for an entry to go long. Just watching and waiting. gyazo.com I am overseas ans the Internet is bad here, so I have to stick with higher time frames, but I can update periodicaly here. I...

Rocketman Updated 

PUTTING A FACE to the CHARTS: This is an expansion of an idea brought on by a fellow trader of mine. While taking a look at the economic calendar, I noticed that there was high impact data coming out for the week of February 15,- 19, 2016 for the currencies of the same pairs he mentioned. So, like every week, I dig and decide to looking a little more deeply at...

Rocketman Updated 

NZD's fall to reasonable levels.

Rocketman Updated 

Fundamentally: I have published today my views on the EUR going into February 12, 2016. I believe that it supports my trade idea to short the EURGBP. Technically: EURGBP: Comment: EURGBP Monthly resistance 50% pullback. The monthly chart tells us that there will be resistance at 0.7829 around a 50% fib level and the 0.8072 61.8% fib level. The 1 hour chart...