Harvesting Pips - A Free education blog on Stocks, commodities & Forex markets.

USD traders take note.

2012-09-13T10:30:00.002+08:00

http://www.bkassetmanagement.com/us-outlook/us-dollar-traders-are-ready-for-fed-qe3-but_2438/

US economy in a glance

2012-08-19T20:48:00.003+08:00

The Fed expects a recovery to above-trend annual GDP growth faster than 3%.
Truth : First half growth looks closer to 1.5% for 2012. In 2011, it is 1.7%.

Looking into US Fiscal cliff, basically it is tax cuts and spending cuts under Bush administration which might cut GDP off(4% Wall street article) ,(roubini say 4.5%). whichever it is ,it is hard to see how USA can expect a recovery for 3% for rest of 2012.

Would a Qe3 be effective while other nations also carry out quantitative easing? Things might be clear when we get the minutes of 31 aug Jackson hole meeting where Ben Bernake famously unleash QE package.

Comments welcome.
Regards
Pipsfarmer.

Apple earnings surge 93% add risk to market.

2012-04-25T04:55:00.001+08:00

expect S&P testing 1400 level. Dow Jones closed back slight above 13k.

Aud/Yen in a upwards chanel. Would be looking at re entry @ 83.50 level for intraday.

AUD/USD trading 09 - 13 april

2012-04-09T02:10:00.001+08:00

Major Events that might impact Aud/Usd.

Monday : Ben Bernanke speaks.
Tuesday : China Trade Balance
Wed : Unemployment Rate Australia.

Any hints on QE (not likely) will push this pair above 1.0380 level . Trade call , Long position to be take at 1.0340 .. TP @ 1.0380. SP 40 pips.

For bearish trader, short @ 1.0280 , Tp& sp 40 pips respectively.

Regards
Pips farmer.

Bullish call on S&P 500.

2012-03-11T16:18:00.004+08:00

A chart Nikkei225/ S&P for this year 2012. With euro debt crisis receding, I see S&P to 1400 level as we seen better US jobs data and employment slight at 8.3% . Iran and high oil prices seem as the immediate risk to US Equities.

Regards
Pipsfarmer.

my cute son ; ) taychin

2012-03-10T15:16:00.000+08:00

USD/CAD hourly technical Chart 27 feb

2012-02-27T15:51:00.002+08:00

USD/CAD on the hourly chart forming a doji on the the early London opening hours. High oil prices should keep the loonies weakness at bay as BoC highlight household debt is at high levels.

short USD/Cad 1.0010 , stop loss 30 pips, TP @ 0.9980. a quick 30 pips bang bang.

sorry to my readers, i been busy over certain research report.

Regards
PipsFarmer.

Heiken Aishi candle and SMA100 Easy trading shown.

2012-02-14T22:16:00.001+08:00

Here is an article i found it super useful for novice trader to see a clear entry using HEIKEN AISHI and sma 100 . The author use 4hours time frame mostly.. Happy trading to all !

http://www.forexfactory.com/showthread.php?t=340556

Regards
PipsFarmer.

The 7 Habits of Highly Effective People AND 7 Secrets of The Highly Successful Trader

2012-02-06T15:35:00.000+08:00

Effective People Effective Trader

Habit 1: Be Proactive                  Take Complete Responsibility

Habit 2: Begin with the End in Mind    Have a system that fits you

Habit 3: Put First Things First        Plan a trade & trade a plan
Habit 4: Think Win-Win                 Positive Self Belief

Habit 5: Seek First to Understand,     Learn Hard on how to trade
         Then to be Understood         properly and keep working

Habit 6: Synergize                     View Trading as a score in
                                       POINTS and not MONEY

Habit 7: Sharpen the Saw Keep Trading as part of a
   balanced life

Do a checklist of yourself using the golden rules i have listed. A trader life's pretty much about a game of hunt. A game which test your patience time and time again, common scenarios "I should have put a trailing stop loss to get the maximum profit " ; " got caught out by whipsaw again, i am only unlucky this time" . Well i say , shit happened. But the key to make pips is , you must trade the game well. Know what kind of hunter you belong to, then choose your choice of hunting weapon.

Whenever you hit a snag, recheck this article again. Happy Trading na krap.

Regards
PipsFarmer.

Aud/Usd spot feb 6/7 th

2012-02-06T15:10:00.001+08:00

Today we have Greece in for last day of talk for a deal . Expect to see volatility, the markets is bearish on riskier assets on the Euro and Aussie dollars.

I am expecting RBA to cut 25 basis off the current 4% . Short sell on Aud/Usd when daily candle can close below 1.0680. The rally from 24th nov has seen Aud strength gain 11.15% against the USD , 0.9680 to 1.0760 in early feb. Support for Aussie seen at 1.0350. Happy trading to all.

Regards
PipsFarmer. Make Pips . Keep Pips.

AUS/USD trade call 30 Jan

2012-01-30T17:07:00.000+08:00

Short Aud/Usd@ 1.0550 , TP @ 1.0350 (200 pips) , Stop loss 1.0635 (85 pips)

Phillips miss forecast quaterly earnings, Spanish GDP drop 0.3%. Plus a stubborn Greece debt talk . Time to short. Chart will be posted later.

Regards
PipsFarmer. Make Pips, Keep Pips. Happy farming.

here the chart 9 hours later.
Technical point of view, i have suggested a short call at approx at the candle that my two arrows have pointed. Broken out from cloud , have nice profits in the next hour. However, resistance can be seen 10520. I do remain short on this trade. Please use my trade call for reference ; )

Remy: Raise The Debt Ceiling Rap

2012-01-28T22:05:00.000+08:00

Liverpool vs Manchester united Fa Cup Match Preview.

2012-01-28T20:35:00.002+08:00

money markets aside.. now it is FA cup time . We have Liverpool(fool) vs Red Devils. On the Asian handicap , Devils +1/4 ball advantage... 

25/01 Carling Cup Liverpool 2:2 Manchester City

This game has lifted up liverpool's spirits and good run in this cup tournament. However Red devils posted a win over uninspired Gunners. Red devil been conceding goals for away matches lately as shown in a Away defeat 3-0 by the Magpies. It really sum up that, We are not defending as well in high pressured hostile ground. Ronney is half fit and might missed match left wellbeck to chase for loose ball. Valencia penetration will be key to Red devils victory. Just my 2 cents opinion.

My fun bet would be on Liverpool give -1/4 ball and take them again if Manchester united take the lead. May the best team win !

USD/CAD in focus next week. 30th Jan - 2 Feb

2012-01-27T02:43:00.000+08:00

For loonies trader.. USD/CAD has broken out from a wedge from daily chart and out of the ichikomu cloud which signal super bearish trend . Have fun trading. Right now, i do not have any trade call for it, but i urge anyone who long Usd/Cad to cover or close their position.

Regards
PipsFarmer . Make PIPS, Keep PIPS.

US Debts Pictorial vs Euro 8.3 Trillion bond marke...

2012-01-27T02:06:00.002+08:00

(U$)hit Treasuries vs € bonds(bomb)

Forex Market is heavily influenced by these 2 currencies. about 28% is all about Euro and Usd based on Bank of international settlement report.

AUD/USD trade call 25-29th Jan

2012-01-24T15:49:00.002+08:00

AUD/USD trade call 25-29th Jan

Tomorrow 25th Jan, We have German Chancellor Angela Merkel... well if it is Angelina Jolie, i might go for a bullish outlook for Aussie dollars ^__^ .

My first thought - If Angela Merkel mention "Recession" is already in Europe, the impact would be strong selling on Aussie. Plus as for now, Greece talks haven't come out positive. Usd/Chf down for 3 days and what it meant for us is that investor is seeking for safe heaven. Thus i am super bearish on aussie dollar.

two red lines identified as my resistance and support level on the hourly chart.

Pipsfarmer trade call : Sell Aud/Usd @ 1.0465 , Stop Loss (35 pips ) @ 1.05 (use it as reference)

Take Profit @ 1.0360 (105 pips).

Regards
PipsFarmer.

Cartoon video on Euro debt crisis

2012-01-24T12:53:00.001+08:00

http://www.guardian.co.uk/business/blog/2011/oct/28/euro-debt-crisis-animated-explanation

"they are hoping that other people will give them money " ; ) Enjoy the cartoon ya , my readers.

Regards
Pipsfarmer

25 - 29 Jan 12 World Economic Forum Annual Meeting 2012

2012-01-22T02:10:00.006+08:00

My initial trade play for next week would be , prepare to sell on any euro rallies. when euro close to 1.3000, would generate my interest to go short.

http://www.weforum.org/events/world-economic-forum-annual-meeting-2012

Federal Chancellor Angela Merkel (drag your mouse over the underlined blank)Opens World Economic Forum Annual Meeting. P.S She is a mean speaker and does not mince her words

[When she happy, everyone clap your hands, when she unhappy,just short Euro!!!] Geneva, Switzerland, 18 January 2012 – Angela Merkel, the Federal Chancellor of Germany, will deliver the opening address at the World Economic Forum Annual Meeting 2012 with record participation.
The theme of this year’s Meeting, The Great Transformation: Shaping New Models, reflects the need for a profound overhaul in the face of a fraying global system and lingering economic malaise.
“Capitalism, in its current form, no longer fits the world around us. We have failed to learn the lessons from the financial crisis of 2009. A global transformation is urgently needed and it must start with reinstating a global sense of responsibility"
World leaders, including heads of government and ministerial representation from 19 G20 countries, are among the more than 2,600 participants who will convene 25-29 January for the Forum’s 42nd Annual Meeting. In total, close to 40 heads of state or government will participate, along with over 1,600 business leaders from the Forum’s 1,000 Member companies, as well as Social Entrepreneurs, Young Global Leaders and representatives from civil society, media, academia and the arts.

The four sub-themes of the Meeting, which reflect the interconnected nature of the changes required, are: Growth and Employment Models; Leadership and Innovation Models; Sustainability and Resource Models; and Social and Technological Models. There will also be a strong focus on risk mitigation and management, with one room dedicated to discussions pursuing the themes of the Global Risks 2012 report.

For the first time, the programme includes a series of on-the-record, one-on-one interviews with academic, media, business and civil society leaders. There will be 29 one-on-one sessions throughout the five-day Meeting, including conversations with Muhammad Yunus, Michelle Yeoh, H. W. Brands, Thomas Friedman, Mehmet C. Oz and many more.
The Forum will welcome close to 40 heads of state or government, including from Azerbaijan, Canada, Denmark, Ethiopia, Finland, Georgia, Germany, Guinea, Haiti, Ireland, Israel, Jordan, Kenya, Mexico, Mongolia, Morrocco, the Netherlands, Nigeria, Pakistan, Panama, Peru, Poland, Qatar, Singapore, South Africa, South Sudan, Switzerland, Tanzania, Thailand, Tunisia, Ukraine and the United Kingdom.Additional public figures participating in this year’s Meeting include US Treasury Secretary Timothy Geithner, Chief Executive of Hong Kong SAR Donald Tsang, United Nations Secretary-General Ban Ki-moon, International Monetary Fund Managing Director Christine Lagarde, World Bank President Robert B. Zoellick, Secretary-General of League of Arab States Nabil Elaraby and Presidential Candidates for Egypt, Abdel Moneim Aboul Fotouh and Amr Moussa.
The Co-Chairs of the World Economic Forum Annual Meeting 2012 are: Yasuchika Hasegawa, President and Chief Executive Officer, Takeda Pharmaceutical, Japan; Vikram Pandit, Chief Executive Officer, Citi, USA; Paul Polman, Chief Executive Officer, Unilever, United Kingdom; Alejandro Ramirez, Chief Executive Officer, Cinepolis, Mexico; Sheryl Sandberg, Chief Operating Officer, Facebook, USA; Peter Voser, Chief Executive Officer, Royal Dutch Shell, Netherlands.

Unique Japanese Trading... Ichimoku trading.

2012-01-19T16:31:00.000+08:00

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies#READ_THIS_FIRST.21

History

The charting system of Ichimoku Kinko Hyo was developed by a Japanese newspaper man named Goichi Hosoda. He began developing this system before World War II with the help of numerous students that he hired to run through the optimum formulas and scenarios - analogous to how we would use computer simulated backtesting today to test a trading system. The system itself was finally released to the public in 1968, after more than twenty years of testing, when Mr. Hosoda published his book which included the final version of the system.
Ichimoku Kinko Hyo has been used extensively in Asian trading rooms since Hosoda published his book and has been used successfully to trade currencies, commodities, futures, and stocks. Even with such wild popularity in Asia, Ichimoku did not make its appearance in the West until the 1990s and then, due to the utter lack of information in English on how to use it, it was mostly relegated to the category of another "exotic" indicator by the general trading public. Only now, in the early 21st century, are western traders really beginning to understand the power of this charting system.

Superb written article on how to use ichimoku as a trading tool. Enjoy trading. make pips. Happy Chinese New year to all my reader.

Regards
PipsFarmer

Alert - Pounds Trader..

2012-01-13T14:17:00.001+08:00

1730 Singapore time. London release of PPI (Producer Price Index)..

Pounds gaining strength and just cut above my SMA100.. let have a good ride and hope it hit my Tp of 15500.

Regards
PipsFarmer.

16th - 20th Jan - Key economic reports released

2012-01-13T00:24:00.002+08:00

16th, We have aussie home new loans.
17th - TAKE NOTE : China quaterly GDP for 2011.
If we have a good china data, expect aud/usd to close above 1.350 on the daily chart..

For full details - http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2012-1-16&c=2 , change date on the calender seen on the left column.

Regards
PipsFarmer.

Pound trader take note!

2012-01-11T17:39:00.000+08:00

Europe has problems paying bondholders, news out that Greece has asked private investor to accept 60% instead of 50% as they agreed earlier.

We could divert our attention on £ .
http://www.dailymail.co.uk/news/article-2084980/Now-investors-pay-lend-money-safe-haven-Britain.html

Plus this is an olympic year in London.

Technical analysis : £ break out cloud ichimoku hourly.. a good sign to long as Adx remains above 25 (gaining strength for a forward momentum , i hope)

Trade call : long GBP/USD@ 15460 . Stop loss : 15360 (100 pips) . Take Profit 15560.(100pips)

USD/CAD in 1st week of 2011

2012-01-08T01:27:00.000+08:00

Well Canadian dollar traders, We have a good USD/CAD uptrend it break above 1.0278 for the 1st week of 2012 , hope the momentum stay.. and hit the 1.0800 level.

Regards
PipsFarmer.

USD/CAD in Focus - Kathy Lien hightlighted USD might be star currency to look out for in election year.

2011-12-28T15:19:00.001+08:00

http://blogs.wsj.com/marketbeat/2011/12/27/dollar-stocks-tend-to-rise-in-election-years/

Lien notes the dollar is also blessed at the end of the four-year cycles. She uses the deutschmark as a proxy to generate the changes in the EUR/USD going back to the 1970s, covering nine election years. In eight of them, the currency pair weakened by an average of 6.
“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.

AUD/NZD - New 2012 carry trade.

2011-12-26T04:45:00.000+08:00

Aud/Nzd been on my radar for while.. Technical charts show it bounced off for bottom -100 and piercing uptowards 0 value of the CCI indicator. (Cci explained http://www.iqchart.com/101/tech_cci.asp

Trade call : Long Aud/Nzd when it break out 1.31 level as a carry trade. Recent news of New zealand quake, we might see some kiwi dollars buyer for short term support.Nonetheless, i believe improving US economic data will boast this ccy pair.

Facts: Aud/Nzd been on a ascending channel since 2005. 2 major quakes in new zealander this year will dampen their GDP. Plus they import mostly from their neighbour Australia for almost everything excepts lamb chop ; )