[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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