GBPUSD – End of April Update
There’s a sell order flow from 29 months ago, marked by arrow. This is four or more candles closing below their 50% levels for each candle (black box highlights these candles), which dictates...
View ArticleLooking outside the box…
Posted this earlier @ forex factory, copied to see how it plays out… To see EURUSD potential, let’s look at the big boy playbook. News is due in a few hours, a cacophony of high impact events @ 13:30...
View ArticleBanksters – The Great Con Game, pt 1
(NB: Part 2 follow-up) The con is simply this: Central banks lend money at ~0% to their mates at RBS, Natwest, etc. These retail/investment banks lend this 0% free money to governments and charge...
View ArticleUSDCAD – Swing trade (2nd week)
Placed trades last week and it hasn’t budged, it wants to, but it keeps consolidating at the top white line to pick up sellers; this line had three taps on the daily, so it’s very significant. I’m...
View ArticleAnalysing loss
Some analysis to understand why i got stopped out… I suspect Bank of Japan did an intervention today. Looking at the following pairs, i was buying USDCAD, the only pair to fall off a cliff, so oil and...
View ArticleUSDCAD – Second Attempt
After getting stopped out last week, one more chance to see if dollar will rally ahead of obummer’s re-election. Price gave a better price (made lower lows), so i entered on monday at lowest white line...
View ArticleUSDCAD – Monday fubar
Price is now playing funny buggars…BIG TIME. Once bitten, twice shy, but i’m prepared to have one more bash at this mofo. I was very suspicious of today’s bid action, purely because there was a sell...
View ArticleCAD sentiment
CADCHF is coming back into a huge support level. Price sat in and around the yellow boxes for 6 months! This is the first time price will test this support, so will it i) bounce back north, ii)...
View ArticleUSDCAD – 8 days later
Eventually hit 0.995, brent crude oil rolled over to year open and dollar rallied as the theme i adopted here played out USDCAD – Daily I got chopped up and sat idly by watching USDCAD bid up and...
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