Monthly Archives: June 2009
Current Resistance, Support and Target on S&P 500
| June 29, 2009 | Posted by admin under Stock Market Analysis, Techncial Analysis Tutorials |
Here is a chart of the S&P after todays session. If you want more analysis on this topic, you can follow my discussion and post your questions and own ideas at http://www.darkpooltraders.com/vb/stock-tips/104-stock-market-breaks-trend-line-support.html ~Cory Mitchell, CMT
Where is Gold Going? Find Out…
| June 29, 2009 | Posted by admin under Stock Market Analysis |
This is another excellent video which talks about where gold is likely to go. I said I was taking some time off, but this video is great so I thought I would post it for you. You know I love charts patterns, and this video talks about a chart pattern within a much larger move…
USD/CAD Analysis: Where is it Heading? – Daily Chart
| June 22, 2009 | Posted by admin under Forex Technicals, Intro to Trading |
In my last post on the longer term view of this pair, I mentioned that how the pair reacted at 1.0800 would be critical in its longer term movements (this analysis was contributed to ForexPros.com and can be seen under my submitted analysis – My analysis of the eur/usd and usd/jpy can be viewed daily,…
USD/JPY Day Trading Signal – 30 Min Chart- June 22
| June 22, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair is in a sharp downward sloping wedge. The interesting thing is this wedge’s apex is right at the major support level of 95.60. Thus, this wedge can give us an early indication of which way the market is likely to act off this support level. From the chart you can see the trendlines…
13 Forex Pairs Analyzed on the fly!
| June 21, 2009 | Posted by admin under Forex Technicals, Intro to Trading, Swing Trading Ideas, Techncial Analysis Tutorials |
Here is a video where Marketclub will go through 13 currencies on the fly. It will also show you a quick and effective way to analyze the dollar index at the same time. They show a super fast way to see whether you want to be in the market or not. There are some interesting…
EUR/USD Interesting Position – 15 or 30 Minute Charts
| June 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair just broke minor and a major support ~Cory Mitchell, CMT Chief Market Strategist Remember, failed breakouts are tradeable too! ———- Want to learn more about chart patterns or other trading methods? Check out my Trading Courses page. ——— Are you interested in getting into trading? Or if you are already trading and dissatisfied…
S&P 500 Stock Market Update – Reversal
| June 18, 2009 | Posted by admin under Stock Market Analysis |
It has been a very long time since I posted a stock market update. Right now is a pivotal time though, so I am posting one. The market is very much due for a correction and we have our warning signals that this correction is now underway. The S&P 500 broke through the trend line. …
EUR/USD Day Trade Idea – 15 or 30 Minute Chart
| June 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
June 18, 5:44 AM GMT Please read the latest How to Use the Trade Ideas blog if you have questions. If you still have questions after, feel free to comment With a short term uptrend in place we have a favorable set up for a buy. A push above 1.3980 would indicate a profit target…
USD/JPY Overview – Daily Chart Analysis – June 17
| June 18, 2009 | Posted by admin under Forex Technicals, Techncial Analysis Tutorials |
If you look on the USD/JPY daily chart I have attached below there a few interesting things to point out. The first is the the pair is trading in a large range. This means that breakouts within the range may be stifled from reaching their full potential unless a break of the larger daily range…
EUR/USD Update and Broader Outlook
| June 15, 2009 | Posted by admin under Forex Technicals, Swing Trading Ideas |
If you read my earlier post about the potential trade today in the pair (http://vantagepointtrading.com/archives/1742) you will see the trade never materialized. In the comments to that post I wrote why the trade didn’t materialize. That the trade didn’t happen is fine, but the drop below the 1.3800 was a bit more unexpected and deserves…
My Favorite Indicator of Inflation or Deflations and it’s NOT Gold!
| June 14, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
(June 14 – June 15 EUR/USD trade idea is below, check it out as well.) There is an indicator which has been around since 1957. It has accurately forecasted every inflationary and deflationary cycle since. http://www.ino.com/info/373/CD3784/&dp=0&l=0&campaignid=3 This is my number one indicator for large cyclic trends. You may want to watch this index carefully should…
EUR/USD Day Trade Idea 1 Hour Chart- June 14
| June 14, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The EUR/USD has formed a “sling shot” in the RSI indicator. It can be seen on the hourlies through the dailies. This indicates a day trade but also a swing trade as the sling shot unfolds on longer time frames. We will look at the hourly chart for this potential trade. The sling shot indicates…
How Far Can the Dollar Fall?
| June 10, 2009 | Posted by admin under Forex Technicals, Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
I was quite amazed when I looked back to see how long it’s been since I’ve put together a Dollar Index (NYBOT_DX) video. I had to look back to September of 2008 to find the last series of videos I had done specifically for the Dollar Index, and it proved to be successful. In today’s…
GBP/JPY Day Trade Idea – 15 Minute Chart
| June 9, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
It is June 9 and I just got back from a short trip which was why there was no updates over the last week. Some large moves occurred and hopefully you were all able to capture some profitable trades. The GBP/JPY has formed an ascending triangle which provides a potentially good trade set up. This…
EUR/USD Makes a Strong Move
The eur/usd currency pair scorched higher today, moving almost double its 12 day average (daily) range. Breaking above daily support at 1.4000 it appears a new swing up is developing. The next resistance level is at 1.4170 with a push beyond likely to test the recent highs at 1.4330. Moves beyond indicates profit targets of…