I normally wait, but it is already close to the time of the EURO session, and I predict that the data will be bad for the EURO in the morning New York Time. Economic Calendar Prediction: Friday February 12, 2016 2am New York Time: Germany GDP data, I anticipate, will be bad since all the other data for the EURO this week was bad, like given the drop in retail...
I think, fundamentally and technically, this will make a good short. I predict that the EUR data coming out will be bearish today and tomorrow.
I think this is a good combo: shorting EURAUD. I believe EUR will have negative fundamental data coming out this week. I think the AUD data is improving, nothing significant this week for AUD though. So, I think it is safe to short this pair.
I just wanted to save this trade that I took in this journal as a reminder of the power of fundamental and sentiment analysis.
GBPUSD data has a high probably to be bearish. I want to get good prices before the fall. Then, the USD data will also be bearish later on, but GBP is weaker, so I will stick with the short on GBPUSD.
A Wick Study on False Breaks & Continuation Breaks For Divergence Trading by myself, otherwise, known as ScienceEvolution, Genesis or The Pip Barbarian. ScienceEvolution's Self Observation of Volume Divergence: One sure way of knowing that price will keep going or go the opposite way is by observing the volume valleys, breakouts and peaks. Rising volume...
HERE IS THE POWER OF LEARNING FUNDAMENTALS and Sentiment Analysis! Prediction of the economic data in CAD to be Bullish and Bearish in the EUR. Saw a set-up, aimed, and shorted EURCAD; extracted some profits from the market. Another day of mining my risk management, sticking to the plan, thinking outside the box and extraordinary profits!
Awaiting an entry..... Japan has its monetary policy decision TODAY NEW YORK TIME Food for thought: No QE for the Japanese yen would could signal that (1) they are getting a little better? Or (2) Yen bank is "betting" that the US economy will be stronger than their economy anyway? Or (3) Other intermarket deviations and relationships contribute to waiting just...
One more dollar spasm before a crash? Maybe, but for now, the dollar looks strong for pullbacks or for a breakout should any catalyst spur its brew to move.
Looking for a bounce in AMBA; but not a full blown rally yet. This level looks good to me.
Fundamentally: In addition to not lowering rates, the Bank of Canada was dovish. If they maintained rates and were hawkish, then I would probably take a slightly different stance. But, so far, USDCAD is a short for me because the BoC maintained rates and did not lower them. In fact, the BoC mentioned that commodity prices were a problem for them. Lowering...
Company highlights that stick ou t: - Growth YoY 1.4% in revenue, but -2.7% in net income, and earnings per share was flat at 0.74. - Intel acquired Altera at the end of Q4. Altera's annual sales were aproximately $1.7 billion at the time the paperwork was signed. Subsequently, Intel management included this in its 2016 guidance, which amounts to about an extra...
Fundamentally, I think the SOX index, which is the semiconductor sector of which AMD stock is within, will have a good year this 2016. Technically, I entered a technical trade in AMD around $2. targeting $4.71 or higher. I may possibly hold it for longer in case it develops into a new full blown trend.
Technically, this short position on the USDCHF is a perfect set up, but it doesn't mean it will work out. From another perspective, the sentimental view, USD tomorrow seems to be forecasted as bad news coming for the USD on January 6th. I think it is fitting to short this pair, as most of my other positions are in favor of the USD. Other setups... I haven't posted.