BEN AND FILS .com

Markets forecast for week January 30th 2012 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2012-01-28T18:40:00.000-04:00

▲ We were bullish last week and we were right. Indices and $EURUSD are still in their bullish channel. As we remain inside, let's keep the bullish view, even if $EURUSD looks like a bearish wedge. I will start to lighten some EURO only if above 1.35. The only little bad news comes from $GMXR, lower and lower, still big debt. NICOX (France) made 30% on 10% volume. That looks like a bullish signal,

Markets forecast for week January 23rd 2012 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2012-01-21T15:57:00.001-04:00

▲ Looking at last week volume, above average (100% line) it looks like the markets are really bullish. Being at the top of a channel could send indices lower for a little pullback. But we stay bullish on indices. ▼ $EURUSD should also see a little pullback, volumes falling on a rising triangle. But long term remains bullish. $GMXR still weak, $SOL better, $DANG good start. t<!--

Markets forecast for week January 16th 2012 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2012-01-14T10:27:00.000-04:00

▼Nothing changed on indices from last week. I keep the same scenario, down then long term bullish above the green line below. Concerning EURUSD I still believe in the 1.25 support and will add there. $DANG and $SOL had a nice week, but road back home is still long. $GMXR weak. Nothing new on Forex or Futures robots. It is hard to come back to work ... ;-) t<!-- google_ad_client = "pub-

Markets forecast for week January 9th 2012 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2012-01-07T14:33:00.001-04:00

▼Markets are still acting strangely, even if we saw more volume coming. I am overall bullish for indices, following the green line/support on the chart below. Perfect scenario would be pullback, then UP. EURUSD is weaker than expected. 1.25 looks like a big monthly support. I will add long there. t<!-- google_ad_client = "pub-2828764844467141"; /* 468x60, date de création 14/08/10 */

Forecast for week January 3rd 2012 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2012-01-01T09:00:00.001-04:00

▼ ▲ Happy New Year 2012 to everyone. Nearly the same charts as last week, even if first week of the year is bullish more than 50%. Let the market show us next week where it wants to go...

Forecast for week December 26th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-12-24T12:21:00.002-04:00

▼ Perfect forecast last week, even if, on low volume holidays, chart analysis is not that accurate. Falling volumes on rising indices, made me think pessimistic for next week. At least I don't imagine big changes, even on $EURUSD. The best is to stay away from the screens and enjoy life. (kitesurfing for me :-) Merry Christmas to everyone. <!-- google_ad_client = "pub-

Forecast for week December 19th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-12-17T21:03:00.000-04:00

▼ ▲ We did not break the resistance on indices. We remain in the triangle. With holidays coming and low volumes, don't expect accurate forecast. The perfect scenario will be down then up. Well, actually, the perfect scenario is to take some holidays ;-) $EURUSD broke down the 1.3 level on low volume. I added to my longs (long term). Merry Christmas. t<!-- google_ad_client = "pub-

Forecast for week December 12th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-12-10T12:38:00.001-04:00

▲ As expected we had a little pullback on indices. For next week, I will stalk 1266 resistance level on S&P500 below. I am more bullish but I don't like the little Friday volume. Some stocks had crazy UP days last week, $DANG, $GMXR... I take it as a little short squeeze hoping it comes from big players closing their short positions. Good sign anyway. $EURUSD was hesitating. I am still a

Marc Faber : The Market Is In Neutral Territory $ES_F $SPY

2011-12-08T11:49:00.001-04:00

Right now, the market is in neutral territory. It was very oversold on October 4th when the S&P dropped to 1,074. Now around 1260, the upside in my opinion will be between 1,280 and 1,350 because there’s a lot of supply around that area. But if there is some good news coming out of Europe, and good news would simply mean postponing the problems for another few years with some kind of money

Corruption 2011 $ES_F $EURUSD $SPY

2011-12-06T14:10:00.001-04:00

Gizmag article link

Forecast for week December 5th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-12-03T06:56:00.001-04:00

▼Perfect forecast last week for indices. After 6 days UP and a Friday Doji, I would expect a little pullback before to break the big wedge. I sold my $RIMM calls on the rumor bounce, but still think RIMM is not dead. My add to $GMXR has been done. Let's hope it will confirm. After a nice breakout, $EURUSD is hesitating again. You know I am long term bullish on it. I still will add between 1.33

Forecast for week November 28th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-11-26T11:37:00.001-04:00

▲ Bad week for indices after the break down off the wedge (chart below). We approach now the lower line of the main long term rising channel. I would imagine a little break below (1150/1100) to hit existing stop orders and then an end of year rally. We extended down the bullish wedge on EURUSD (2nd chart below), but I am still bullish above 1.3, expecting a long term double bottom or W pattern.

Forecast for week November 21st 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-11-18T21:30:00.001-04:00

The bigger than expected pullback on indices broke the wedge down (chart below). This is bearish. But also, we are still above the 1200 support. So let's hope 1200 resist, otherwise we could go to 1150. On the other hand, EURUSD (2nd chart) is still in his bullish wedge as expected. If it breaks above, indices will follow. The last 2 month, I trade the S&P future ES and sometime Crude CL. This

Forecast for week November 14th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-11-13T13:57:00.001-04:00

▲ No change for our Indices chart below. Still cautiously bullish, targeting 1300/1350 for December/January. EURUSD was more bearish than expected. But a bullish wedge is forming on the Daily chart further below. Next week we could also retrace to 1.35 before to breaking up. t<!-- google_ad_client = "pub-2828764844467141"; /* 468x60, date de création 14/08/10 */ google_ad_slot = "

Another SCAM Forex EA : $EURUSD $GBPUSD

2011-11-08T08:58:00.001-04:00

The world of Forex is full of Forex scam. The latest one I found is called QDiamond. I kindly received their demo robot and backtested it. As you can see the line is perfect. But then I cracked part of the code to verify, and I found that some past days or 2009 to 2011 were not traded, 30 of them, like this : if (ld_664 > 0.0 && Year() == 2009 && Month() == 12 && Day() == 17) ld_664 = 0;

Forecast for week November 7th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-11-05T11:54:00.001-04:00

▲The retracement on indices was bigger than we expected, but we stay above the 1210 support and in the upper part of the pitchfork (1st chart below). If CME raising margins Monday across the board is true, we could see some margin calls and some positions liquidations (short liquidating could also mean more upside). But I stay optimistic for end of year rally up to 1300/1350. Less sure for

How Forex brokers steal you : $EURUSD

2011-11-04T10:38:00.001-04:00

As you can see below, actual bid/ask EURUSD price is around 1.3767 for both, Future 6E 1st image and Forex broker 2nd image. In the previous high, the Future price reached 1.3879 but on Forex only 1.3866 so my profit order was not filled. <!-- google_ad_client = "pub-2828764844467141"; /* 468x60, date de création 14/08/10 */ google_ad_slot = "8072924258"; google_ad_width = 468;

Forecast for week October 31st 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-10-29T08:48:00.002-04:00

▲ We expected a crazy week and we had one. October is known as a bear killer and it acted well. We broke the resistance, 1250 on S&P500 below, and on all indices, Euro, Crude, Nat Gaz.. On indices and Euro the breakout occurred with 127% of normal volume. Technically it confirms the breakout. At the same time we saw some squeeze short on many stocks. Like $DANG that took 25% last Friday for

IFTA 2011 Journal :

2011-10-28T21:21:00.001-04:00

The International Federation of Technical Analysts publish every year a journal full of technicals analysis tools. Click here to download PDF.

Forecast for week October 24th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-10-22T14:09:00.001-04:00

Nothing new this week. We are still facing a wall on indices and $EURUSD. The little difference is that higher volume helped the last bullish day. This week-end and next week will be full of real and fake news. So we keep scalping intraday trading, even if October will be less good than September (16%) due to too many stop touched. Forex account is up 41.75% (8 month) New Pamm Investor account (

Trade Interceptor : $EURUSD

2011-10-21T08:34:00.002-04:00

I just found this new platform, Trade Interceptor that allows to trade with several broker at the same time. I did not test it yet. Swissquote propose it to its clients so I guess it should work fine. If you have more info please post comments. <!-- google_ad_client = "pub-2828764844467141"; /* 468x60, date de création 14/08/10 */ google_ad_slot = "8072924258"; google_ad_width = 468;

Fake news $ES_F $CL_F $6E_F $SPY:

2011-10-20T11:36:00.002-04:00

▼ The last trading days have seen many fake news. Who is doing this ? Is it allowed ? It is very difficult to trade in this climate. Mouvements are fast and big. Stop are always touched. If you are not professional, if you have a small account, don't trade the future market intraday. Eventually you can use trackers or options for swing trade with larger stops. This market is awful. Many people

Forecast for week October 17th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-10-15T05:07:00.001-04:00

We expected indices to fall at 1200 resistance, but they showed good strength. NASDAQ is even very bullish. On S&P500, ES future below, there is still a wall to break 1230/1250 to start to be more optimistic. We expected October to point the lowest low. So maybe it is in. Let's hope. Next week we will focus on intraday trading mainly as there is no clear direction. September was a good month with

BenAndFils starts PAMM Forex Account ( $EURUSD) :

2011-10-10T07:30:00.000-04:00

As some of our readers have requested to invest and participate in our profitable Real Money Forex account (live performance in the left column of this page or here/link), we are pleased to announce that our PAMM Forex account is now available for all investors, starting from as little as 100$. PAMM account is like a small fund. You invest in a matter of minutes and you receive your share of

Forecast for week October 10th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

2011-10-08T12:32:00.003-04:00

▼ We predicted a bounce last week and we had a bounce (with a bear trap before). We remain for now in the trending range so there are more probabilities to see declining indices next week. We still expect a big move in October. Be careful. ▼ Same prediction and scenario for $EURUSD. We remain on a bearish channel. We see little more downside before next bounce. Concerning stocks, we added on $