What Really Is A Bubble And When Is The Best time To Invest?
November 13, 2009 by FX Instructor · Leave a Comment
There’s been a lot of talk lately regarding asset market bubbles with the S&P up about 63% since hitting a low on 666 on March 9 of this year and a recent “debate” between NYU professor and RGE Chairman Nouriel Roubini and legendary trader Jim Rogers highlighted the two schools of thought. To Roubini’s way [...]
Daily Forecast for Crosses: November 12
November 12, 2009 by FX Instructor · Leave a Comment
EURJPY Forecast The EURJPY made indecisive movement yesterday. Maybe it’s time to look at a new technical perspective. As you can see in my daily chart below, we have a triangle formation indicating consolidation. The movement started with bigger volume but become smaller as price move near the end of the triangle indicating break from [...]
EURUSD Forecast: Limited bullish, remains sideways and the double top scenarios
November 12, 2009 by FX Instructor · Leave a Comment
The EURUSD made another indecisive movement yesterday, still trapped in 1.5062 – 1.4930 range area. As you might already know, I have been paying attention on potential double top formation since the beginning of this week, as you can see in my daily chart below. Here are two double top scenarios I have in mind: [...]
GBPUSD Daily Forecast: November 12
November 12, 2009 by FX Instructor · Leave a Comment
GBPUSD Forecast: The GBPUSD had a significant bearish momentum yesterday, bottomed at 1.6534 and closed at 1.6580. However, the bullish channel remains valid. Although this situation could be a potential threat to the bullish outlook, unless the bullish channel violated to the downside, I think it’s to early for bearish reversal scenario. The circled bearish [...]
USDJPY Daily Forecast: November 12
November 12, 2009 by FX Instructor · Leave a Comment
USDJPY Forecast: The USDJPY had indecisive movement yesterday. On h4 chart below we can see that price slipped below my 89.40 area, bottomed at 89.28 but this was just a false breakdown before price reverse to the upside and found resistance at my trendline resistance (yellow). Although the bias should remains bearish technically, high volatile [...]
USDCHF Daily Forecast: November 12
November 12, 2009 by FX Instructor · Leave a Comment
USDCHF Forecast The USDCHF made another Doji on daily chart yesterday, indicating indecisive market. As you can see in my h4 chart below, price still trapped in range area of 1.0116 – 1.0033/00. My strategy remains the same, that we need a break on either side of the range area to see clearer direction. I [...]
What is the direction of highest probability today? (11/11/09)
November 11, 2009 by FX Instructor · Leave a Comment
Direction of Highest Probability: BULLISH 60 minute trend support: 1.4975 Bearish Probability below: 1.4975 Significant support: 1.4975 Significant resistance:1.5019
Can you protect yourself against the unexpected?
November 11, 2009 by FX Instructor · 1 Comment
Hello traders, I’ll introduce myself further on my first webinar, but I wanted to get this blog post out there to give you a glimpse of my trading style. I trade with zero indicators, and purely by harmonic patterns using probability, gaming theory, chaos theory etc.. that are naturally found in our world and nature around us. Since these [...]
