tag:blogger.com,1999:blog-9958746259921004332024-10-05T12:04:54.480+10:00A look at the price action of the markets as well as a bit of commentary and anything else I can think off.Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-995874625992100433.post-38892527381712575492016-04-06T08:13:00.004+10:002016-04-06T08:13:38.050+10:00

Overnight the minor level at 7540 was hit, this confirms as a said yesterday that there wasn't really any buyers at this level. We have been chomping around here for a few hours now but basically there isn't interest from real money to buy here. Attention now turns to 7435, the first real level in my opinion that we could see real money lining up with buy orders. There has already been

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-995874625992100433.post-67086955918550105612016-04-05T09:55:00.003+10:002016-04-05T12:51:20.513+10:00

Good morning All There will be some rough and tumble in the Aussie today with the RBA given its decision on rates at 2:30pm local time, this always adds some volatility. This begs the question of where next.  This is what we do know is that the levels I identified yesterday at 0.7530 and 0.7448 should be in play. Its difficult to trade these levels safely until after the news at 2:30pm and

Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-995874625992100433.post-36998486221816177662016-04-05T08:21:00.000+10:002016-04-05T12:05:42.036+10:00

Asia Morning Yesterday I flagged that this pair would chomp through 2.06, 2.07 and 2.08 and thats pretty much what happened yesterday, for today I would expect resistance to come in around 2.0970 to 2.10, price should rebound off here before continuing the push up the hill towards 2.12. Lets look at the chart: Price will search for the high 2.09's as the market will be long until to this

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-995874625992100433.post-15233115292790691372016-04-05T08:02:00.000+10:002016-04-05T09:39:27.068+10:00

Good Morning All The comm dolls have had a fair run up the hill lately. The NZDUSD looks cooked for now and started to roll-over, NFP resistance from last Friday at around 0.6840 ish was pushed through yesterday with barely a whimper as expected all the buyers got filled last Friday after the news. So this begs the question where too from here, lets take a look at the chart: For now I have

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-995874625992100433.post-19232881096491013142016-04-04T21:01:00.000+10:002016-04-05T09:39:10.327+10:00

The GBPUSD has been a bit all over the place lately. The overall trend is still down and its well deserved at the moment. The USD has been strong and the overall fundamentals despite some commentary in the market does back this trend up. This dosen't mean there isn't opportunity for this pair intraday and playing both sides. So lets look at a chart: To me it seems up and back, up and back,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-995874625992100433.post-33774864981415860922016-04-04T13:34:00.000+10:002016-04-05T08:04:00.574+10:00

When looking at this chart I think its fair to say that it has ran a fair way down the hill. I think its entirely possible that we will start to get an upward bounce this week but like everything I don't guess I wait for the market to tellme. So lets look at my 1h chart for this: The comm dolls like AUD and NZD look toppy for now and gold looks like it needs to fall off a cliff however

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-995874625992100433.post-9070714678548541672016-04-04T12:18:00.002+10:002016-04-05T09:42:16.680+10:00

Hi Everyone Today I want address one of the fundamental issues with the FX market and that's when to trade and when not too. As many of you know I like the fundamentals of any market but you can't trade them per say, they are nice to work out what might happen in the future and a big picture view especially if you position trade, but for the active trader this is not enough. Buying and selling

Unknownnoreply@blogger.com0