Rocketman

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...

Rocketman

The SPX500 continues to make lower lows. As long as it stays below 2121, I remain bearish until further and stronger signs emerge on a monthly basis. This is no a daily or intraday analysis. It is clearer from the monthly chart that 6 to 8 months down the road, moving away from the SPX500 equities is a wise thing to do for now; otherwise, a weekly or daily...

Rocketman Updated 

The Fundamentals: My views on USDJPY now are based on what is happening with oil and with US economic data: Coming up at 8:30am on February 12, 2016 is retail sales : gyazo.com I am not so confident in my expectation of how the data will turn out because other data, such as The Johnson Redbook Index that measures the growth in the U.S. retail sales did not...

Rocketman Updated 

All bets are in favor of growing UK retail sales in 30 minutes.

Rocketman

AUDUSD.... just something short-term. I do not think it will get that high, but if it does, then I am all in with four legs.

Rocketman Updated 

Given that I believe NZD will come out with bad data in 8 minutes, I am long AUDNZD. My other orders at lower levels were not filled, so, I enter in now within this consolidation level.

Rocketman

It looks to me that the Nikkei has found monthly support and a place where the bears have taken profit. It is also the same area where the 200 moving average is and where there is a fib support level. All of this lines up at the same place. What could it mean? A big push upward and a place where risk aversion begins to wear off. Last night, on Valentine's Day...

Rocketman

Based on my weekly analysis, NZDUSD is a good candidate to short for today. To separate orders filled. Awaiting more if it happens. Note to self: See the related idea in GBPNZD.

Rocketman

Just want to put this in my journal: Alternative:

Rocketman Updated 

I do not see a Grexit, but I do see the upcoming fundamental data coming up...and it looks positive; hence, I long GBPJPY. No fear! Trade the plan and manage your risk!