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[Trade Signal] – Monday is EUR Shorts day…

Well – for the first time in a long time Monday looks almost half interesting and we are already starting to see a little movement. Despite that assessment things do appear to be still very slow and sluggish in this first quarter of the year.

There has certainly been a significant amount of other action elsewhere than the primary focus of this free newsletter

EURJPY – still showing signs of being in a rather large range. Currently we are at a good place for an each way trade choice.

EJ-April-14a

GBPJPY is also in a large range. I do not think that assessment makes too much difference as its really wide and price is tending nicely within that range… currently looking for shorts

GJ-April-14a

EURUSD – becoming a lot more interesting that previously in the year… will it continue? New short directions setting up for me.

EUR-April-14a

GBPUSD – This whole areavis a mess and Im continuing to avoid it.

GBP-April-14a

Dow – My darling Dow… lovely chart… lovely profits… still short and looking for short

YM-April-14a

 

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[Trade Signal] – Monday showing signs of…

Monday showing signs of again being a pretty slow start to the week. This has been a common theme for nearly 12 months now and has been one of the longest running day by day themes/trend cycles Ive noticed in all my years of looking at Forex.

That being said the USD rates all seem to be in a quagmire and it might just be worth looking towards some of the more exotic cross rates for some movement and if you are not doing so already then consider different markets to broaden your trading pool.

EURUSD – not unsurprising that we are seeing ranges develop again. A slight downward channel with prices remaining sloppy

EUR-April-07a

GBPUSD – Also starting to look a lot like EURUSD in that its messy and certainly not showing any signs of trending at the moment. simply scroll back on the chart a few months and you will soon see exactly what I mean

GBP-April-07a

YM Futures – The Stock indexes again are providing some of the better movement. This pattern is also in a range but wide enough to consider trading simply punting off the highs over the last several days has provided some amazing results as we have all noted. Now we are looking at a break down and hopefully the start of some more consistent trending movements.

YM-April-07a

GBPJPY – flipping over from longs to shorts very nicely. Im hoping to see some follow through from Fridays sell off.

GJ-April-07a

EURJPY - flipping over from longs to shorts very nicely. Im hoping to see some follow through from Fridays sell off.

EJ-April-07a

 

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[Trade Signal] – Prices ping & pong around…

The Markets appear to be very skittish still and have been all this year. Price are moving but they just dont seem to be sustaining any longer term directional moves… commonly known as a trend.. at least not for more than a few days or a few hundred points

Thankfully the profits are still there but we do not have the luxury of seeing something interesting every day or every other day for that matter and given the same skittish behaviour it is very prudent to be very selective with what is available

EURUSD – Im calling a range on this still… very mess and very spiky. The sensible thing to do is to wait for a solid move in any direction

EUR-April-02a

YM Dow mini futures. Best chart out there at the moment… some lovely range trading simply taking a reversal off the range boundaries has produced some of the best trades this year so far despite there being no solid single direction.

YM-April-02a

GBPUSD – still also flip flopping around. price in conflict with strategy at the moment and Im waiting for things to line up. Currently Im waiting

GBP-April-02a

EURJPY – Also flip flopping but doing it over a wider range. We can see that price is starting to showing some signs of trending behaviour but as always at the moment it a question of will it continue. Right now we are at levels on the chart that suggest its a good place for it to turn. Caution is needed for new trades or simply manage existing trades which is what Im doing right now

EJ-April-02a

GBPJPY – giving us a nice simple and clean break out movement.Similar to EURJPY though prices are at levels where we could see a turn and this move exhaust itself.

GJ-April-02a

 

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[Trade Signal] – A little life and movement in…

Once again we see a little spark of life start to germinate on the markets and since we haev been saying there is bound to be some movement soon for a while its probably no surprise that this is eventually happening.

AsI keep reminding the group in our live sessions is these types of market conditions that make people blow accounts very quickly. But as long as we are patient and wait for your strategy conditions then you will reap the rewards.

There are slim picking still but patience providing the best opportunities which are profiting quickly. We are just not seeing any significant follow through…. Will these moves “Be the ones?” Time will tell.

Dow continues to be my darling chart for many months and while its been a distant friend when it comes to having a trend … it has sent me regular presents all-be-it small ones… right now another quick small gift again.

YM-Mar-26a

YM-Mar-26b

YM-Mar-26c

GBPUSD – showing a slightly conflict with the base level strategy and a discretionary view… Im likign shorts below 1.6580ish level still and will resume looking for longs above 1.6600

GBP-Mar-26a

EURUSD – although the chart its not marked there is a consolidation evident and Im waiting for a clear movement still in either direction.

EUR-Mar-26a

 

GBPJPY – still in a range but at the upper boundary and as I type this we can see price reversing off this level. Range reversal shorts taken as per the strict conditions of the strategy

 

GJ-Mar-26a

EURJPY – guess what… yup still in a range – waiting for a break

EJ-Mar-26a

 

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[Trade Signal] – Markets continue to dither

Still not too different from last weeks views. Several ranges to break from and ideally I would like to see some continuation movements… but since we haven’t seen many of those in the last 3 months its unlikely to suddenly appear.

Its looking like continued patience is necessary still for trending strategies.

Dow Futures – Looking like one of the better charts again… Fridays shorts pushing nicely towards targets. Todays prices showing the suggestion we might see a further push lower… a move through 16,200 should highlight this

YM-Mar-24a

EURJPY – In a range (still) waiting for a break

EJ-Mar-24a

GBPJPY – In a range (still) waiting for a break

GJ-Mar-24a

EURUSD – Showing a slight conflict in directions. Waiting for a clearer picture again

EUR-Mar-24a

GBPUSD – Starting to push lower towards first targets. Ideally would like to see price continue… but they are still a rare sight at the moment

GBP-Mar-24a

 

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[Trade Signal] – A flippin’ & a floppin’

There is not too much different from yesterday & thus not a significant change in commentary.

EURJPY – Looking very much like its breaking through the boundary low we had marked off. As I type waiting for a pullback to enter below

EJ-Mar-21a

GBPJPY – Long entry set up voided and price is moving back into its previously established range. Waiting for a break out.

GJ-Mar-21a

GBPUSD – Shorts are pushing slowly down but with no real conviction. Im not tempted to add in just yet and playing the cautious card. Lets see where this move takes us before starting to get clever with adding in.

GBP-Mar-21a

Dow YM Futures June 14 – Price is moving back to the rising channel break point again. I still like shorts below 16,300 which is a discretionary decision outside of the normal strategy. Resuming looking longs above 16,350

YM-Mar-21a

EURUSD - Shorts are pushing slowly down but with no real conviction. Im not tempted to add in just yet and playing the cautious card. Lets see where this move takes us before starting to get clever with adding in.

EUR-Mar-21a

 

[Trade Signal] – Dare I say “At Last!” …(again)

As I”m typing it all looks promising…. again. Yup we have seen this potential start of something several times over the last 3 months and while things are moving a little more than they have been recently I’m just not quite convinced just yet that we are starting to see some trending movements.

EURUSD – Short pending on a break out.

EUR-Mar-20a

Dow YM Futures June 14 – Gathering some momentum behind yesterdays short. Big question is will it continue. Adding in around current levels.

 

YM-Mar-20a

GBPUSD – Short pending on a break out.

GBP-Mar-20a

GBPJPY – Long pending on a break out.

GJ-Mar-20a

EURJPY – Waiting for a break out

EJ-Mar-20a

 

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[Trade Signal] – Its boring again but…

Well folks – I don’t know about you but Im getting a little tired of these market conditions … they are just plain weird. Although we have seen this fluttering price activity back and forth yoyo’ing around many times before. Its just tiresome sitting through it while its happening.

The first quarter of the year has been stop start with prices pushing back and forth not really making or loosing much new ground. Even considering range style trading is not too favourable either as for me te size of some of these consolidations just is not big enough to consider every time we see a defined consolidation.

Anyway – be patient folks – in 20+ years of trading – this is just a short 3 month blip of inactivity to be concerned about.

EURUSD – in range

EUR-Mar-19a

Dow Ym Futures – break out of consol. pattern

YM-Mar-19a

Oil CL Futures moving out and swiftly back into a consol.

CL-Mar-19a

GBPUSD is taking EUR’s title as being one of the messier charts to look at for the moment.

GBP-Mar-19a

GBPJPY – price moving – but check that scale – its not moving much and nothing to get excited about

GJ-Mar-19a

EURJPY – also moving into and out of ranges quite quickly

EJ-Mar-19a

 

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Ground Hog Day…Again!

Well folks there really is only so many ways we can say that price everywhere on the things Im looking at regularly is and are in a range.

Price attempts to move (the break out) and then snaps right back. This actually highlights another good reason why we wait for a break out to happen rather than jump on like all the text books tell us.

Is I keep saying in out Live Trading Sessions

“Im not looking for just movement – Im looking for trending movement”

It should be clear to anyone that we are seeing something a little strange and in most cases seeing extended sloppy conditions that are not of use for trending strategies.

Im placing the 3rd and most important trade again today and holding cash.

GBPUSD – WAITING

The messy chart continues BUT we do have a break out with an entry above the recent highs. ATR is a factor today and I”ll be looking to place an order tomorrow assuming its still valid.

GBP-Mar-03a

EURUSD – WAITING

Continued & Confirmed Consolidations Action – waiting for a break This whole area as I’ve mentioned several times should be avoided. Daily chart looks like an expanding triangle for reference.

 

EJ-Mar-03a

GBPJPY – WAITING

Nothing sustained after previous break out attempt. Back to waiting for a clear break out from the newly defined levels. Updating to a slight angled boundary with multiple levels to choose from. Very messy

 

GJ-Mar-03a

Dow Futures YM March14 – Waiting

After two previous break attempts one produced a break even trade and the other voided. We are now back to being inside a confirmed rising channel.

We might be able to do something with it should price get to the upper or lower boundary levels.

 

YM-Mar-03a

EURUSD – WAITING

Continued & Confirmed Consolidations Action – waiting for a break This whole area as I’ve mentioned several times should be avoided. Daily chart looks like an expanding triangle for reference.

 

EUR-Mar-03a

 

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A Stagnant week

Not unsurprisingly we are on Fridays and still not seeing a great deal of movement. Price pausing after some interesting movements from mid Jan to early Feb.

Overall the strategy is doing is job and keeping us on the sidelines when price is not moving like now. This this time to be patient especially when we see extended periods of pausing as we see right now

GBPJPY –  a now confirmed consolidation

GJ-Feb-21a

EURJPY -  a now confirmed consolidation – In this case its slightly angled which we might call a channel. Its still confined and not big enough to change tac and consider trading the range

EJ-Feb-21a

EURUSD -  The whole marked area is a nasty mess – Im being very cautious about this chart and location.

EUR-Feb-21a

GBPUSD -  a now confirmed consolidation – after having seen a lovely move upwards. Hopefully the next push can be equally as impressive.

GBP-Feb-21a

YM Futures (Mar) -  Starting the flip flop moves.. and could well highlight a consolidation. Nothing confirmed yet and price moving higher for a new long entry.

YM-Feb-21a

 

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