trade4education

trade4education

AUDUSD only seems to be holding up due ot weak dollar. Yesterday when the NAB data came out totally awesome, it could only pull a 30 pip rally. In addition, today it could not get out of its own way even with super USD weakness. I expect this pair to head lower over the coming weeks.

trade4education

Most likely pos for next week will be long and higher next most prob into right shoulder.

trade4education

watching the open an Monday quiet next week data wise, so we shall see

trade4education

Waiting for validation of decent short set-up. Crude's bullish seasonality is just about to end and blue box area, broad area of price resistance. Will continue to scalp on the short side until we get confirmation of a significant move down.

trade4education

While I am currently short, I see crude oil bouncing around within this $25 range for quite some time. One good hint on short term price movement are fib lines. I use/rely on fib for this product more than any other I trade. It is my personal opinion that fundamentally $50 is a little high for the high end of the range, but I did not want to rule out excessive...

trade4education

While I do still hold the view that things could go either way from here, I am starting to build a short position in the $ES because while I do not think we will be experiencing an all out crash and burn, the likelihood of continued wide swing consolidation still holds true in my analysis of long term price action.

trade4education

This commodity and commodity currency rally does not have a rock solid basis. I can easily see it failing in this area after some more chop in the short to medium term future.

trade4education

I don't see an all out crash or rally over the next year. Price should continue to be confused until we can find some firm footing or wait for the fundamentals to catch up with us. Blue line is more likely than dotted. On the yearly SPX chart we are still in a bullish pattern, so I do not think the crash to end all crashes is going to come anytime soon. One...