Monthly Archives: November 2009

‘Strange’ Forex Discovery Revealed on Video

Hi Everyone, hope you were able to grab my analysis from earlier today (or last night depending on where you are), and are already having a good day in the markets…or will be soon.  As you trade or consider getting into trading today, you should read this: Relatively recently, during a late-night Forex trading research…

EUR/USD Currency Day Trading Signals – Nov 30

Some strength in early trading as the the pair moved above minor resistance at 1.5020.  There is a resistance area between 1.5060-1.5100 and so far that level has held, as the pair currently trades at 1.5057.  Beyond 1.5100 is resistance at 1.5140.  A break beyond 1.5150 would indicate another swing higher.  With the average daily…

Stock Market Outlook for Week of Nov 30 – Dec 4

The following is the stock market outlook, using the S&P 500, for the week of Nov 30, 2009  – Dec 4.  This analysis can be used to help in day trading or swing trading decisions, as well as for investors to gain technical insight into the current market. Events like which occurred on Wednesday, with…

While You Were Eating Turkey, the Markets Took a Shit Kicking

While we were enjoying our holiday in the USA (Well, I am not in the US, but I still took the day off for the most part), the rest of the world went and sold-off equities in a big way.  At the time of this writing Dow futures were down -200 and the S&P500 -25.00!…

EUR/USD Day Trading Signals – Nov 27

I was going to not post tonight, but given the sharp downward movement in the EUR vs. the USD I thought I should post at least a few comments. Right now the pair has fallen back and is within the former range that we broke out of yesterday – it is below 1.5000.  Some sort…

Things to Not Think About This Thanksgiving Involving the Stock, Commodity and Currency Market

Happy Thanksgiving to all my American friends.  I hope you all have a great day with friends, family and lots of food.  And if not, well I will give you something to think about. There are few things I am watching and you can take from this what you will.  As a general rule the…

EUR/USD Forex Day Trading Signals – Nov 26

I am posting this forex trading analysis a little earlier .  I may take tomorrow off with the US markets closed as it is likely to be a quite day (volume wise) anyway.  Friday as well I imagine will be subject to sharp movements due to limited liquidity. Anyway, the pair finally snapped out of…

Technical Analysis of Stock & Commodities Magazine Article

Hope you all have a good trading day today.  Just wanted to let you I have an article in the December issue of (Technical Analysis of) Stock and Commodities magazine.  The article is about using old trendlines, broken trendlines, to predict where prices will go to in the future.  This is an unconventional use for…

The Trading Mistake That is Guaranteed to Ruin You

I was talking a with a trader the other day who is struggling and he mentioned a tendency that he has.  I think all of us have done this at some time or another, but if we don’t grow out of it, it WILL end our career. The problem could be described as Risk Spikes. …

EUR/USD Day Trading Signals – Nov 25

If we get back above 1.5000 we have resistance at 1.5015-1.5020, 1.5045 and 1.5060.  A break above that level indicates a renewed upward move.  Getting above 1.5075 indicates another swing higher over the longer term and a target of 1.5100-1.5115. A drop below 1.4920 indicates a move back to 1.4880.  If the selling continues and…

EUR/USD Forex Day Trading Analysis – Nov 24

Nice rip off the open and right to near 1.5000 which was the resistance area mentioned in yesterday (well, I said 1.4990 on the high end). Based on the range that has been established, it looks like we are going to move back down today within that range.  The only thing that would change this…

The Great Economic Recovery Hoax of 2009-2010

Below is an article that I like, as it shows what is lurking below the surface of the rosy outlook the media and government are portraying.  I find it interesting that even though CNBC says they are unbiased, they never have economists on that reveal the following information.  Sure some guests may say they think…

EUR/USD Forex Day Trading Signals – Nov 23

The pair has pulled off the low of the range (1.4800), and looks prepared to move back higher to test some former highs.  This will either be confirmed or rejected based on movement through the following levels: A move back above 1.4890 indicates movement back above 1.4900 and a test of recent swing highs at…

A Look At The Upcoming Week In the Stock Market, Nov 23-27

The following is a look at what can be expected in the stock market in the upcoming week, Nov 23-27.  We are looking at the S&P 500 .  Keep in mind the market is closed on Nov 26 and it closes early on Nov 27.  So we are looking at an abbreviated trading week.  Volume…

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