I'm bearish the AUD as a currency based on COT data. Looking at AUD Futures chart we are at a make or break level.......these are at all time highs. If we get above 1.05 and hold then I would have to change my bias......interesting times indeed.

Trading For Those With a 9-5 Job

Wish I had kept these orders on....pretty choppy chart but analysis was good so far....not gonna beat myself up over it though....live and learn.

MPB Journal

Quick Update Soybean Oil - Looking ominous..... Silver - Short opened - [email protected] [email protected] Sugar - No looking great for a long so still on hold Coffee - Looking worse....pretty sick looking chart for the bulls (me) JPY - Still very ...

MPB Journal

I agree. My short bias is 100% due to the COT data. So provided price aligns itself I'm Short, if not I am flat until COT tells me to get bullish.

MPB Journal

Soybean Oil Not looking too pretty here. Now the Oil is performing the worst of the complex with Beans and Meal looking more resilient. Anyway honour your stop and see what happens.....it can still turnaround.

MPB Journal

Price rallied again this time but also found resistance and closed mid bar. Stop move up again, so orders stand as follows: [email protected] [email protected] I have added a trend line here now purely for observation purposes. A close below would be more ...

MPB Journal

Thanks for your comments, perhaps my very bearish is not correct, looking at your GBP/USD COT chart I see a relatively high Net position by the NonComms which is obviously currently bullish as they are the 'trend followers'. However, their position ...

Weekly COT report Analysis + Trade Ideas

I too would also prefer a short here as I am bearish the GBP in general. I agree that the downside looks contained with not enough profit potential for my taste (unless the lows give way). The trend line and the moving average will provide a bit of ...

Trading For Those With a 9-5 Job

Hi guys, my take on COT is that the JPY positioning is very heavily bullish (yet to be reflected in price) and the GBP is very bearish (reflected across some cross pairs). This pair is on my list for a short but as usual MUST wait for the price ...

Weekly COT report Analysis + Trade Ideas

AUD/USD - Here is one I do not want to believe but looks pretty bullish. Large bullish outside day with a close above a major weekly trend line (depending how you draw it)......really???

Silent Service Method

I agree we are not at the extreme levels any more and yes we are in the middle as shown by the index.....this is normal when the market is trending from an extreme. We are in an established downtrend at the moment. The positive numbers shown by the ...

MPB Journal

Price rallied a little further last night but stopped near the 50% retracement level of the recent down swing. So the contingent Stop Loss orders moved above this level: [email protected] [email protected]

MPB Journal

Why not?....would be interested in your thoughts.

MPB Journal

Maybe I was a bit premature in lowering my stop on this short. Looks like its resuming the downtrend again after chopping around a bit. Should I sell a rally??.....Hmmmm

MPB Journal

Off topic for a moment. As much as it pains me to say it...........I am currently short Manny Pacquiao Trend followers will see what I mean.... May 2010 - Elected to congress in Phillipines Nov 2010 - Win by Unanimous Decision (nice) May 2011 - Win ...

Silent Service Method

Perfectly articulated

Silent Service Method

I say Short it with good price action (counter trend).....others will say wait for price to get above and hold then buy a continuation (with trend).....All that really matters is what do YOU want to do?

Silent Service Method

Silver Weekly Chart - Current rally appears to have failed to take out the October High printing a bearish reversal bar. Daily Chart - Has closed below previous weeks low which was a large bullish rejection bar of the 33 level. I now see three dojis ...

MPB Journal

Cocoa Weekly Chart - Has produced a Bearish Outside Bar closing below the previous weeks low and the weekly EMA20 Daily Chart - Also (obviously) closed below the Daily EMA20. Currently looking to sell a 123 Pattern.

MPB Journal

AUD/JPY & GBP/JPY Both charts still pretty bullish after a bit of consolidation. Still on the sides and waiting for Bearish PA to pan out. Keeping an eye on the previous weeks low and the Daily EMA20 as potential down trend confirmation.

MPB Journal