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Posts by "stationdealer"

750 Posts Total by "stationdealer":
666 Posts by member
Stationdealer
(London, United Kingdom)
84 Posts by Anonymous "stationdealer":
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:32
In Thread: EUR
Oh Coach you spoken too soon buddy
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:30
In Thread: EUR
Yes I agree there is certainly room below but that vaccum that was there before seems to be missing recently.

And yes I have actively trade AUD and CAD vs EUR and GBP over the past 2 months made some real good profits. I also advised some people here that it had some great swing potential, but I guess they pay more heed to your views. You probably missed that move while you were on your vacation in SA but man those were some great plays there. im still in few like EURCAD, EURAUD, GBPAUD, GBCPAUD, AUDCHF, and CADCHF NZDCHF
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:17
Crude oil remains in a very shallow uptrend, with prices attempting to climb toward the recent highs at $79.38. Beyond that is the channel top near $80.83. On the downside, $74.25 and $73.00, the channel bottom, provide support.

Gold fell $4.00 on Wednesday, as the metal again failed to break resistance near $1215. Volatility has been declining in gold, with no catalysts on the horizon to break the doldrums. The technical outlook is simple for gold: resistance at $1215, support at $1185. You guys can play the break of either level with tight stops.

Silver on the other hand decoupled from gold, rising 0.33% on Wednesday. The move is not an indication of things to come, in my view, but rather normal fluctuation of the gold/silver ratio between 60 and 70.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:10
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:08
In Thread: JPY
USDJPY just brokered below 88 level, which till earlier I was thinking could have been a nice triple bottom. Then this level if had held, the next topside target would have been the 38.2% fibonacci retracement line at 88.33 on the move from the low on July 7th to the high on the 12th; further is the 100 hour moving average coming in at 88.57. Below 86.90
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:01
In Thread: EUR
Also remind youselves to look at the COT charts againhttp://finviz.com/futures_charts.ashx?t=6E it may be early signs of convergence. Ashraf please give us a review of the COT whats your thoughts will we see a convergence or just another failure from 128.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 8:56
I mean this is the S&P chart we are talk about.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 8:55
You I also did think there was something funny with that chart!

But I was too tired to really tally it with my charts. I think I will post your concern and comment on his site.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 14, 2010 22:08
http://www.ritholtz.com/blog/wp-content/uploads/2010/07/Dow-3-month-chart.gif

Watch this chart!!!!!
Tell what will happen next?
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 14, 2010 22:00
Beware Technical Trap, Lower Lows in S&P

-When the Dow fell below the 200-day moving average;
-After the Dow closed above the 50-day moving average
-When the Dow hit a new low for the year.
-The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)

read more
http://www.ritholtz.com/blog/2010/07/kilgore-beware-technical-trap-lower-lows/