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Pivot (invalidation): 111.75 Our preference Long positions above 111.75 with targets at 112.10 & 112.35 in extension. Alternative scenario Below 111.75 look for further downside with 111.50 & 111.35 as targets...
Pivot (invalidation): 1.3085 Our preference Long positions above 1.3085 with targets at 1.3135 & 1.3165 in extension. Alternative scenario Below 1.3085 look for further downside with 1.3055 & 1.3030 as targets...
Pivot (invalidation): 1.1665 Our preference Long positions above 1.1665 with targets at 1.1715 & 1.1735 in extension. Alternative scenario Below 1.1665 look for further downside with 1.1645 & 1.1610 as targets...
I am not a profitable trader… yet. Why start my very first blog post with these seven words? Consider it a confession and a goal. Why confess...
The currency I trade the most frequently is the USDMXN. My dedication to this currency pair has been an evolving process. It all started when I watched a video by Rob Booker describing the consistency of USDMXN price action in the morning...
One of the podcasts I enjoy listening to during my 2 hours of commute time each day is "How I Built This", it is a podcast in which Guy Raz from NPR interviews entrepreneurs and innovators. In a recent episode, Guy was interviewing Jimmy Wales, the founder of Wikipedia...
When I was stationed on a nuclear submarine, we had a rule we called the 50/50/90 rule. It was something like this, "if a sailor has a 50-50 shot of guessing something right, there is a 90 percent chance they will get it wrong...
In my last post I talked about how tough trading is and proposed that the single most important factor to successful trading is timing. Do you agree with the following statement? “I can randomly open a trade on any currency pair and given enough time, it will be a winner...
EURUSD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1...
Crude oil is in full hesitation. Multiple events colliding, putting traders in a difficult situation. In June US inventories fell to a 2-year low and supply risks from both Venezuela and Iran boosted prices. But the trend is reversing...
Today will see action by the Central Bank of Turkey, expected to increase the one-week repo rate by 3.25% to 21%. Any smaller increase would trigger another sell-off in the Turkish lira, which could bring USD/TRY back above 7.0. After falling 1.35% yesterday, USD/TRY edged higher to 6...
Pivot (invalidation): 70.50 Our preference Short positions below 70.50 with targets at 69.15 & 68.70 in extension. Alternative scenario Above 70.50 look for further upside with 70.90 & 71.25 as targets...
Pivot (invalidation): 14.1500 Our preference Long positions above 14.1500 with targets at 14.3000 & 14.3800 in extension. Alternative scenario Below 14.1500 look for further downside with 14.0600 & 13.9900 as targets...
Pivot (invalidation): 1202.25 Our preference Long positions above 1202.25 with targets at 1208.50 & 1212.50 in extension. Alternative scenario Below 1202.25 look for further downside with 1198.00 & 1192.50 as targets...
Pivot (invalidation): 2880.00 Our preference Long positions above 2880.00 with targets at 2898.00 & 2911.00 in extension. Alternative scenario Below 2880.00 look for further downside with 2866.00 & 2854.00 as targets...
Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12095.00 & 12160.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11880.00 & 11800.00 as targets...
Pivot (invalidation): 6.3740 Our preference Short positions below 6.3740 with targets at 6.3300 & 6.3020 in extension. Alternative scenario Above 6.3740 look for further upside with 6.4200 & 6.4600 as targets...
Pivot (invalidation): 0.7160 Our preference Long positions above 0.7160 with targets at 0.7210 & 0.7230 in extension. Alternative scenario Below 0.7160 look for further downside with 0.7140 & 0.7125 as targets...
