1250/75 is the zone to buy IMHO. That's where the institutional orders sit including Jim Rodgers.

All Majors and Gold

Just thought I would post my view and see how people take it. I use both technical analysis and retail positioning to make my trade decisions, what works for me might not work for others. But in my personal opinion, I don't think GOLD is a market ...

All Majors and Gold

As mentioned on my post a few days ago: url Daily Chart From Previous Post: image And also follow up post here: url 1426 broke and target at the 38.2% expansion level is within reach now. No need to get hysterical and trying to guess every ...

All Majors and Gold

Watching the 23.6% fib retracement level (1.2936) for a test and hold. If EUR/USD can get back here this week I might look to short again for the 50% fib expansion 1.2760, but will also have to watch out for a move to the 38.2% retracement and 23.6% ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

GBP/USD is trading just under the 23.6% fib expansion level 1.5241 after breaking and closing below it on the daily chart, some early tests of this after the UK employment numbers, BOE is up next. Not sure what to think of this just now as the ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Closed my USD/CAD and EUR/USD trades just ahead of targets. USD/CAD closed at 1.0204, target was 1.0215, +68 EUR/USD closed at 1.2897, target was 1.2873, +109

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Booked half profit at 1.0180 @ +35, stop to entry 1.0145, target still remains the 38.2% fib expansion 1.0215. Daily Chart: image 1 Hour Chart: image

The Journal Of A Macro Fundamental & Technical Analysis Junkie

EUR/USD has hit first target at the broken trend line (blue) 1.2915, half position closed @ +91, stop is already at entry 1.3006, next target I'm looking for is the 23.2% fib expansion level 1.2873. image

The Journal Of A Macro Fundamental & Technical Analysis Junkie

USD/CAD gave the break of the 23.6% fib expansion level today at 1.0138, around 18:00gmt, price pulled back to this level and held as support, the hold was confirmed with the 15 minute CCI and Stochastic dips to the over sold areas and then turning ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Is the USD/JPY setting up for a pop higher towards the 100% fib expansion level 103.18. Yesterday the USD/JPY printed a doji just above the 76.4% support at 101.44, today it has remained above this support steadily. Daily Chart: image We can see ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Tightened my EUR/USD belt buckle, stop moved to entry 1.3006.

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Closed out the second half of my GBP/USD short position +119, (details here) image

The Journal Of A Macro Fundamental & Technical Analysis Junkie

I have posted analysis and charts on my blog for the EUR/USD, GBP/USD, USD/JPY & USD/CAD: url EUR/USD: Running Trade From 13/05/13 Analysis: Short @ 1.3006, stop @ 1.3030, targets 1.2915 trend line and 1.2873 38.2% fib expansion. Price is testing ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

A failed attempt to clear the 23.6% fib expansion (1.3015) level on the 1 hour chart has lead to a sell signal on the EUR/USD. A worse than expected German ZEW Survey is now taking its toll on the EURO, with downside targets at the blue trend line ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

EUR German ZEW Survey (Economic Sentiment) is due out in the next 30 minutes, forecast is for 39.5/40. Looking at the EUR/USD daily chart, price is testing the 1.3015 resistance level which is the 23.6% fib expansion. On better than expected data, ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Last night the NZD retails sales came in a little worse than the forecast, but that didn't stop the NZD/USD from moving above the resistance point I highlighted at 0.8270 for a buying opportunity. Regardless of the data release, I always go with ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

I think going into tonight's NZD retail sales is going to be focused around the 100% fib expansion level which sits at 0.8270. NZD/USD broke through this level today during the second half of the U.S session and has remained below it. Below exposes ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

To give a sample of how I plot out my charts and how I trade, here is today GBP/USD analysis I posted on my blog this morning, followed my my trade details which I posted later in the day. GBP/USD Analysis 13/05/13 Price has declined over the past ...

The Journal Of A Macro Fundamental & Technical Analysis Junkie

Good things come to those who wait and have patience. Just wait for the appropriate levels to be broken as indicated on my quoted post above. If you wait for it, it will come, and when it does, you can profit from it.

All Majors and Gold