Monthly Archives: May 2011
How to Put the Wave Principle to Work (Video)
| May 30, 2011 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
How to Put the Wave Principle to Work In the video below, EWI Senior Commodity Analyst Jeffrey Kennedy walks you through a basic checklist of how to put the Wave Principle to work. This clip was taken from The Wave Principle Applied webinar, originally recorded for Futures Junctures subscribers. Get 45 pages of FREE practical…
USD/CAD – Pullback likely, but strength should continue
| May 29, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
From a low of 0.9444 at the end of April, the USD has had a good run this past month, hitting a high (twice) at 0.9816 this past week. The pair closed out last week at 0.9758. The rally from high to low is the the biggest we have seen since October of 2010 which…
Using the Daily Range Strategy to Improve Your Trading
| May 27, 2011 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
One method I love in trading stocks (and I use something similar in forex as well – it can really be used in any market) is keeping track of the daily range of a stock (intra-day high-low). This gives a lot of info. These figures can be calculated using EXCEL by simply tracking open, high,…
Is It Possible to Have Panic Buying?
| May 26, 2011 | Posted by admin under Food for Thought, Techncial Analysis Tutorials |
We saw this article and liked a couple things in it. Mainly, it points out that before panic selling, often comes “panic buying”. Increasing volume in an uptrend is a good thing-confirms the uptrend-but when buying volume goes insane it is a pretty good indication that the price can’t be sustained… Is It Possible to…
Dollar Index – On the technical cusp
| May 26, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
Yesterday the dollar index was pushing at it’s downtrend resistance level; it has pulled back today in early trading. The trendline currently crosses at very close to 77, the index currently trades at 75.73, down from 76.01 close yesterday. I love short-term trading, but the more popular question seems to be is this Dollar Index…
Harmonic Trading Patterns – Intro
| May 25, 2011 | Posted by admin under Techncial Analysis Tutorials |
Ever heard of Harmonic Trading Patterns? Harmonic price patterns take geometric price patterns to the next level by using Fibonacci numbers to define precise turning points. Unlike other trading methods, Harmonic trading attempts to predict future movements. This is in vast contrast to common methods that are reactionary and not predictive. I just published an…
Forex Chart Patterns Currently in Play
| May 25, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
It has been a while since I posted on chart patterns. So here are a few chart patterns in the forex market which can be watched and may provide good trading opportunities. I have elaborated on each to make it informative and educational as well. EUR/CAD The first forex chart pattern is a triangle formation…
The Silver trade – take your positions
| May 24, 2011 | Posted by admin under Commodity Analysis, Day Trading Ideas, Swing Trading Ideas |
Silver has had a chance to take a breather since it’s aggresive run-up which climaxed at the end of April. Despite the viscous decline, I wrote in my newsletter that the metal was still trading above its primary trendline, indicating the trend is still intact and that with the volume we saw on the decline seemed…
EUR/USD 1.39 Target, USD/CAD Verging on Shift
| May 22, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
The Euro has a rough day on Friday, falling about 150 pips. In the last update on this pair (http://vantagepointtrading.com/archives/4258) 1.3900 was still the target following the major breach of the upward sloping trendline. If 1.3900 fails to support (in the event the market reaches that point) the pair could see an extension into the…
Complimentary 100+ Pages of Current Elliott Wave Global Analysis
| May 18, 2011 | Posted by admin under Forex Technicals, Stock Market Analysis, Techncial Analysis Tutorials |
Get 100+ Pages of FREE Charts & Analysis for Every Major World Market Until May 31, Elliott Wave International is offering the current issue of Global Market Perspective, free! This global publication covers every major world market, including global stock and interest rate markets, gold, silver, crude oil, and currencies. A $49 value — it’s FREE…
Stock Market, headed for test of trend line. Will it hold?
| May 17, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Back on May 9 I posted an stock outlook for May: http://vantagepointtrading.com/archives/4251 where I stated that things were looking optimistic for bulls, but “ A drop below 1329, the recent low, indicates weakness and a test of the wedge bottom at 1323. Support beyond does not exist until the primary support line at 1300-1290. A…
5 Ways the Wave Principle Can Improve Your Trading
| May 17, 2011 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
5 Ways the Wave Principle Can Improve Your Trading By Elliott Wave International Jeffrey Kennedy brings more than 15 years of experience to his position as Elliott Wave International’s Senior Analyst and trading instructor. He knows firsthand how hard it can be to get simple explanations of a trading method that works — so he…
EUR/USD to continue to fall
| May 12, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
The EUR/USD has already seen a significant decline in recent weeks, from an intra-day high on May 4 of 1.4940 to a low of 1.4172 on May 11; the question that many traders are asking is “Can it go lower?” Technically speaking it is looks like it can. Based on the prior trend channel the target is…
Stock Market Outlook for May 2011
| May 9, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The daily chart shows the trend is still strong and it now appears we are likely going to have another leg higher into 1400-1410. The multiple trendlines (turquoise) represent the much broader trend and the likely pullback points in the event of a reversal. Only the top two deserve any attention at the moment. Near the top of the…
USD/CAD hits likely turning point after strong week
| May 9, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
Last week was not something we have seen early March – and that is 4 sessions higher for the USD vs. CAD in a row. It was a welcomed move for Canadian exporters, and is likely to be met with equally exuberant selling. While the week took us from nearly 0.9450 to above 0.9700 (closing…
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