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gfscapital commented May 9, 2016Great stuff! Warren Buffet, Jessie Livermore and Nick Leeson should be on the list!
The #1 risk management advice for novice traders? 17 trading professionals answer
- gfscapital replied May 9, 2016
My view on Kiwi NZDUSD made a perfect double top at 0.7050 and dropped like a stone after RBA’s statement last week. It broke an important support at 0.6820 just today. I expect the current downtrend to continue. Technically, after breaking the ...
NZD/USD
- gfscapital commented May 7, 2016
All probabilities of all remaining FOMCs for this year are below 50%( December) There will be no hikes
Bond Traders Reject June as `Live' Meeting as U.S. Job Gains Ebb
- gfscapital commented May 7, 2016
I say no hike at all this year and perhaps one next year
Fed hike off the table for June given step back in job growth
- gfscapital commented May 5, 2016
30 Day fed fund futures trending lower saing rates unlikely this year. June at 13% probability. 2 months low. See here url
Fed's Lockhart: 'On the fence' on possibility of June hike
- Submitted May 2, 2016|From humbletraders.com
EURUSD, as expected rejected the resistance at 1.1450 on 12th April. The price since moved lower and made a higher low at 1.12 on 26th April. The pair reversed the course since and it is now testing the resistance at 1.1450 once again. This level ...
- gfscapital commented May 1, 2016
Looking at speculators I see 8.2K long positions were covered. This is the first week in many to see non-commercial traders reducing their long exposure in Yen futures. Nonetheless, they remain strongly NET long. At the same time, they reduced their ...
USD/JPY cracks 107.00 to hit new session low, not much support around
- Submitted Apr 29, 2016|From humbletraders.com|3 comments
Here’s the deal, learning just a few key candlestick patterns WILL improve your ability to recognise trading opportunities and enter better trades! And isn’t that the aim? Now I know what your thinking! DON’T SHOW ME ANOTHER ‘ESSENTIAL’ LIST THAT I ...
- gfscapital commented Apr 29, 2016
This is playing out nicely. as per url
USD/JPY: downside towards 106.63 to play for
- gfscapital replied Apr 28, 2016
This is my take on KIWI for the time being Kiwi after making multi year highs last week, retraced and it seems like the higher low was established yesterday at 0.6820. NZDUSD moved sharply up after RBNZ Rate Statement. I am bullish on AUDUSD and ...
NZD/USD
- gfscapital commented Apr 25, 2016
I dont think they dare another hike this year after December's one. Market doesnt think so either according to url They will rather wait for other banks to go deeper into negative rates first.
Fed seen holding rates this week with hike still on horizon
- Submitted Apr 24, 2016|From humbletraders.com|4 comments
This weeks trade saw a few of our near term targets met and a few adjustments to our wave counts within the markets we have been following in the Elliott wave weekly picture. The ongoing corrections across a number of our markets have been ...
- gfscapital replied Apr 21, 2016
21 April – AUDUSD – Short. See more details about my logic behind this trade HERE Aussie had another very strong week. The pair printed another multi-year high.This could be a dangerous situation for the short term traders. Aussie is now trading ...
AUD/USD
- Submitted Apr 20, 2016|From humbletraders.com|3 comments
Last weekends Elliott Wave weekly update spoke about the ongoing contracting wedge formation in cable, I had been expecting a further rise to the 14400 handle to complete three movements in wave ‘e’ of the triangle. I have placed an ‘e’ wave label ...
- gfscapital commented Apr 18, 2016
Do they mean, the GDP would be a negative 4%?
Brexit Would Lead to 6% Drop in U.K. GDP, Government Warns
- Submitted Apr 17, 2016|From humbletraders.com|7 comments
They call it the MACD, or the Moving Average Convergence Divergence indicator. confused by macd But, I can hear you shouting “what the heck does that mean” And more importanty, “how the heck is it usefull” Ok, enough of the profanities! Lets get ...
- Submitted Apr 16, 2016|From humbletraders.com|3 comments
This weeks analysis points to some major opportunities straight ahead across all the markets I have been looking at in the Elliott wave weekly picture. We saw some nice action in these markets which followed our analysis to a tee! So lets drill down ...
- gfscapital commented Apr 16, 2016
Yen strength is no mystery. Speculators positioned on the long side in this market well before Yen went up. See my article here url
The mystery of yen strength and the benefits of commodity currencies
- gfscapital commented Apr 15, 2016
Not a surprise here. Aussie has been strongly bullish for many weeks now. Speculators became NET LONG in this market ages ago. see url
AUD/USD prints fresh highs above 0.7700 on Chinese data