I am not talking my book here since I'm short 500K EUR from 1.38800 and have IWM puts.
Peace,
Jim
Unbiased Forex and Equity Swing Trades
Saturday, November 5, 2011
Not Entirely Bearish
I've been watching some setups on the EUR and AUD and they are telling me there's more left in this bull run. Both are highly correlated to equity prices. Behold THE CHARTS!
AUD/JPY looks like it's putting in a consolidation before the last push higher in what would be a 5 wave C wave up. Targets for e of B and C are on the chart.
Similarly, under this count, EUR/USD has room to test 1.39300 with possibility of reaching over 1.40. I will be keeping an eye on these charts Sunday night to see what they are saying.
I am not talking my book here since I'm short 500K EUR from 1.38800 and have IWM puts.
Peace,
Jim
I am not talking my book here since I'm short 500K EUR from 1.38800 and have IWM puts.
Peace,
Jim
Friday, October 21, 2011
Best Interpretation of THE CHARTS
Researching charts a little tonight showed me the SP-500 will most likely gap up on Monday morning and reach the 1263 level by Monday or Tuesday followed by a shallow, delayed selloff and then resuming the trend upward for WED/THURS. My preffered count follows:
The line labeled VERY IMPORTANT is because it satisfies 2 different EW counts. If my green 4 was labeled A and the low at 1074 labeled B, C=1.618A near that trendline. That trendline is also where C=.618A for the count on the chart. That line is VERY IMPORTANT TO ME! Good luck to everyone.
I also have a very BULLISH count going but the technicals behind it remain to be seen at this point so I'm not going to post it. IF 1280-90 gets taken out I would assume we are in a new bull trend to new all-time highs for SP-500 and DJIA...Nasdaq and Rut have different counts.
I also have a very BULLISH count going but the technicals behind it remain to be seen at this point so I'm not going to post it. IF 1280-90 gets taken out I would assume we are in a new bull trend to new all-time highs for SP-500 and DJIA...Nasdaq and Rut have different counts.
Friday, October 14, 2011
Reiteration of my free posts and outcomes
POST: Thursday, July 21st - Said dollar should bottom on July 29th
Outcome: Dollar bottomed at 73.59 on July 27th
POST: Tuesday, August 30th - said 1230ish was key, bullish above, bearish below
OUTCOME: August 31th traded to 1230 and change and sold off = bearish, traded down to 1135 within 2 weeks.
POST: Wednesday, Sept. 14th Scaling into EUR/USD shorts at 1.37600 and 1.39000
OUTCOME: Traded down to 1.31700 on October 4th
POST: Saturday, Sept. 15th oil trading down to 75 with additional 65 target.
I said I wouldn't be surprised with double bottom at 75.
OUTCOME: Traded down to 74.95 on October 4th.
POST: Friday, Sept. 30th Bet money in Michigan -21 to MN Gophers
OUTCOME: MN lost by 58, 90% in 3 hours satisfied.
POST: Friday, Sept. 30th - Oil should hit 75ish before a bounce and SP-500 should
hit 1070-1080 before a sizeable bounce
OUTCOME: Oil hit 74.95 is was up over 15% since, SP-500 hit 1074 and is up 14%.
POST: October 6th SP-500 is shortable at 1170 with 1120 min. target.
OUTCOME: SP-500 sold off to 1150 - I count this as a loss even though I made money.
Outcome: Dollar bottomed at 73.59 on July 27th
POST: Tuesday, August 30th - said 1230ish was key, bullish above, bearish below
OUTCOME: August 31th traded to 1230 and change and sold off = bearish, traded down to 1135 within 2 weeks.
POST: Wednesday, Sept. 14th Scaling into EUR/USD shorts at 1.37600 and 1.39000
OUTCOME: Traded down to 1.31700 on October 4th
POST: Saturday, Sept. 15th oil trading down to 75 with additional 65 target.
I said I wouldn't be surprised with double bottom at 75.
OUTCOME: Traded down to 74.95 on October 4th.
POST: Friday, Sept. 30th Bet money in Michigan -21 to MN Gophers
OUTCOME: MN lost by 58, 90% in 3 hours satisfied.
POST: Friday, Sept. 30th - Oil should hit 75ish before a bounce and SP-500 should
hit 1070-1080 before a sizeable bounce
OUTCOME: Oil hit 74.95 is was up over 15% since, SP-500 hit 1074 and is up 14%.
POST: October 6th SP-500 is shortable at 1170 with 1120 min. target.
OUTCOME: SP-500 sold off to 1150 - I count this as a loss even though I made money.
Monetize
Monetize is a button you can hit here on blogger and I'm sure it puts ads all over your site. Or maybe it causes people to make their site private to paid subscriptions. I used to check a certain blog and I usually disagreed with the commentary, not because his/her thoughts weren't correct, but because he/she never took a stance and had an arrow going up and one going down. Does this help? That site is now a paid subscription! I will reiterate my stance on this once again...I WILL NEVER CHARGE NOR ASK ANYTHING OF YOU! And I'm sure my track record exceeds that of 95% of paid sites. Good luck.
Jim
Jim
Thursday, October 6, 2011
Squiggles and a hedged approach
Both Bullish and bearish action is calling for a short term reversal of the price trend
Short positions near 1170 should be lucrative
A setup like this has worked about 88% of the time. They are very rare to find.
Short positions near 1170 should be lucrative
Monday, October 3, 2011
The 90% Return Bet Paid Off!!
That was easy. Now for the market. I have the SP-500 finishing up the first corrective series of waves before we get the big bounce up. Follow the chart
Friday, September 30, 2011
90% Return in 3 hours
Don't believe me? Just bet on Michigan to cover a 20 point spread on the MN Gophers! Easier than trying to predict the stock market huh?!?
Anywho, I've been playing the ups and downs of this market, and while making decent money, it has been trying on me. Yes, I too get worried sometimes. It's frustrating with all the gaps up and down, and although I've made money on nearly every turn, it's time for me to take a break from trading.
Oil should still hit 75ish before a bounce
The SP500 should still make a low around 1070-80 before a sizeable bounce
So I'm putting in limit orders for LONG!!! Positions on SPY, IWM, GBP/USD and AUD/USD. These orders should be filled either late next week, or early the following. I'm not going to watch the markets next week. I'm just going to see how my "future analysis" does and either suffer the consequences or reap the rewards!
Peace
Anywho, I've been playing the ups and downs of this market, and while making decent money, it has been trying on me. Yes, I too get worried sometimes. It's frustrating with all the gaps up and down, and although I've made money on nearly every turn, it's time for me to take a break from trading.
Oil should still hit 75ish before a bounce
The SP500 should still make a low around 1070-80 before a sizeable bounce
So I'm putting in limit orders for LONG!!! Positions on SPY, IWM, GBP/USD and AUD/USD. These orders should be filled either late next week, or early the following. I'm not going to watch the markets next week. I'm just going to see how my "future analysis" does and either suffer the consequences or reap the rewards!
Peace
Saturday, September 17, 2011
OIL Targeting 75, then 65
Oil is on the verge of breaking down with it's ongoing double zigzag correction. 1st Target is 75 area followed by 65 area. I wouldn't be surprised by the 75 area holding for a doublr bottom.
Here's the chart:
Here's the chart:
Friday, September 16, 2011
A Post for My Friend Pogeen
Sir Winston Churchill once said, "If you're going through hell, keep going."
This has to be a traders motto. Trading is a learning process. Did you see my profile for my website? I'm a student of everything, always learning. Any trader worth his salt has taken some licks, but we learn, adapt strategies and continue. Don't give up, set a plan, follow your rules and the money will flow.
On a secondary note, the phrase "worth one's salt" began with the ancient Romans. One reference suggested that the origin of the phrase "worth one's salt" could date back to before 900 B.C. During that time, Roman soldiers were paid for work in salarium, which was an allowance for the purchase of salt. Salt was considered good for human health and was a hard to find commodity. The word soldier, in that era, literally meant 'one who is paid in salt. The 'sal' in the word salarium is Latin for pay. Over the years, the word salarium was shortened and came into the English language as salary. To say that someone is worth his or her salt, you are saying that he or she is worth the wages that he or she earns.
I hope that one day you become worth the wages you earn, although I already suspect that you're worth far more.
Peace,
Jim
This has to be a traders motto. Trading is a learning process. Did you see my profile for my website? I'm a student of everything, always learning. Any trader worth his salt has taken some licks, but we learn, adapt strategies and continue. Don't give up, set a plan, follow your rules and the money will flow.
On a secondary note, the phrase "worth one's salt" began with the ancient Romans. One reference suggested that the origin of the phrase "worth one's salt" could date back to before 900 B.C. During that time, Roman soldiers were paid for work in salarium, which was an allowance for the purchase of salt. Salt was considered good for human health and was a hard to find commodity. The word soldier, in that era, literally meant 'one who is paid in salt. The 'sal' in the word salarium is Latin for pay. Over the years, the word salarium was shortened and came into the English language as salary. To say that someone is worth his or her salt, you are saying that he or she is worth the wages that he or she earns.
I hope that one day you become worth the wages you earn, although I already suspect that you're worth far more.
Peace,
Jim
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