 |
|
|
|||||||||||||||||||||
… Taken from my Weekly Outlook Report February 22~26, 2010… After this analysis we saw perfect SELL entries on both EUR/USD close to 1.3700 and GBP/USD 1.5580 area… If you had a chance to read this report before the drop, you’d have been on the right side of the market.
Written on 02/21/2010 just before the risk aversion sentiment on Monday/Tuesday
[flv:http://www.newsprofiteer.com/marketcyclesentimentjpytrade/marketcyclesentimentjpytrade.mp4 480 360]
It’s like mana from heaven…
… and it could be yours, if you were trading in the unholy hours of Sunday evening (NY Time)…
Here is the scoop: Japanese Finance Minister Fujii surprised the market late evening by hinting that Japanese government will not intervene the market, allowing free regin over the recent JPY strength. The result of this little verbal diarrhea caused some massive movement in the JPY crosses only comparable to the likes of 2008 carry trade capitulation… needless to say, USD/JPY went as low as 88.24, dropping almost 200 pips in a matter of few hours, taking out all previous support in all jpy crosses.
Here is a trade that I took earlier on today based on a few different reasons, but primarily on Market Cycle. Judging from the levels of GBP/JPY at the time of entry and combining with my overall long-term outlook for this pair, and just the general fundamental outlook for the Sterling (GBP) this week, I felt very confident in taking this trade and seeing it to profit in less than 2 hours.
[flv:http://www.newsprofiteer.com/070209-nfp-marketcycle/070209-nfp-marketcycle.mp4 480 360]
[flv:http://www.newsprofiteer.com/060409-boemarketcycle/060409-boemarketcycle.mp4 480 360]
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012) Politics in Europe were the focal point for the markets this week, as the election results in France and Greece added another ... (3,992)
Forex Trading Strategies #3 – The Correct Trend This is part 3 of my 7-part series on trading strategies. Click here for part 2: The Right Timing.
Forex Trading ... (2,143)
Forex Trading Strategies #4 – Support and Resistance This is the 4th article on my 7-part series of Forex Trading Strategies, Click here to read Part-3: The Correct ... (2,126)
Forex Trading Strategies #5 – Market Psychology This is a 7-part series on Forex Trading Strategies, Click here for my strategy #4: Support & Resistance
I have given a ... (1,983)
Forex Trading Strategies #2 – The Right Timing This is part 2 of my 7-part series on trading strategies. Click here for part 1: The Real Reason.
Forex Trading ... (1,962)
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
The entire financial world will be paying attention to the meeting minutes from the last FOMC meeting where the Federal Reserve ... (1,962)
US Core CPI – May 15, 2012 – Forex Strategy
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost ... (1,896)
Forex Trading Strategies #1 – The Real Reason I've decided to share some of the thought process that I go through when deciding to take a trade, this is ... (1,736)