Wed 21st May (5 pm) A/U: I had stressed to watch for any reaction at the key support level of 0.9225. Price has bounced off that exact level today. This is the neck line of the ‘double top’ and is a level to keep in mind. A close and hold below this level would be […]
Tue 13th May (9.15 pm): Weaker than expected EUR data has depressed the E/J and thus no new signal. The A/J and G/J signals are now struggling too. I’ll be watching the E/J now for any new break back below the 140. I’ve closed my G/J trade for a 25 pip loss. Tue 13th May (4.45 […]
Last week: There were several new TS signals last week: A/U= 70, A/J= 80, GBP/AUD= -100, EUR/AUD= 130, A/J= -70 and U/J= -40. The Cable signal from the end of last week is still going and is up at 350 pips. GBP/AUD signal: this trade was a loser during the week BUT I had warned against this […]
Friday 10/8 (4 pm) Poor data out of China has sent the Aussie pairs down today. The big move has triggered a TS short signal on the A/U and one is trying to form on the A/J. The USDX has yet to get over its resistance levels though: Friday 10/8 (11 am) The USDX is […]
I often mention the concepts of ‘risk on’ and ‘risk off’ approach to trading and ‘correlation of FX pairs’ throughout posts on this blog site. Dean Malone, from Compass FX, has recently posted 2 videos that deal with these subjects. I have advised him that I have quoted these on my site and he is […]