Cable Hit’s Resistance–Former Support

November 18, 2011 9:15 am / no comments

Wrap Up Of The Week

EURUSD Started the week around the 1.3300 area and closed around 20 pips shy of the 1.39 handle. I like resistance around 1.3940 and I am looking for a sell off pretty soon and have been lightly shorting the pair from 1.3806 to ensure we don’t...

October 15, 2011 2:46 pm / no comments

GBPUSD Wednesday, October 12

Cable, even though by my definition (lower highs, lower lows) is bearish on a weekly chart, is working very well off of some fibonacci numbers seen in the chart.  The bearish move, as pointed out in previous posts, stalled and has reversed...

October 12, 2011 9:11 am / no comments

AUDUSD: The Last 48, Week Ending Oct. 7

This will be a new weekly feature where we review the start of the trading week and share our thoughts and bias for the remaining 48 hours (approximate) of trading for the week. AUDUSD: Like the Eurodollar, the Aussie started this week falling....

October 5, 2011 5:35 pm / no comments

Random Thoughts: Trading and Dealers, $Study $$

So its hit me as I’m laying in bed thinking of this whole support and resistance thing, what hits me you ask?  Its hit me that you have understand support and resistance,  (watch the way  price reacts to my lines in this...

September 27, 2011 1:56 pm / no comments