Last Couple of Days

I have had many emails and text messages in the last two days from people who visit this site and have traded using their own analysis and mine and have made a lot of money. Well done to all of you.

If still short the Euro then start to tighten stops up in case we have a temporary reversal (same applies to Cable).
If still short the S&P then look at tightening those stops too.

All the above still have further movment and a few have asked for me to continue with the S&P on this site. I do not trade the S&P on a regular basis but only when we have a good set up so I will continue to post for S&P as well but only when there is a good set up. Currently the S&P has further potential to go down but with any big move you quite often get consolidation so we may see some signs of that.

Stand aside with the Yen for today as it seems to be consolidating.

I will post charts this weekend for Monday so you can have a look by Sunday night.

Good luck trading today and have a great weekend.

Euro Update

It seems many of you have made good profits today judging by all the emails recieved. Thanks for all the kind words.

Those of you that are familiar with pullback and continuation patterns and bull and bear flags should be able to notice that the Euro looks like it is doing a pullback and continuation on the weekly. Wave A to B being the pullback before the continuation of the downtrend begins. The wave A to B can also be construed as a bear flag but without getting to intricate in the chart pattern, all that matters is it looks like it is going to continue it's downtrend.

Sell the rallies in a downtrend and we are in a downtrend as I have been mentioning repeatedly and I will mention it again.....we are in a downtrend until or unless we break the 12980 barrier. Until that happens, sell the rallies and keep doing that until or if we break the 12980 and you sold a rally, well, you will only be wrong once.

Watch the Euro! The Pound looks quite good too!!

Nite all.

S&P Chart

Just thought those of you trading the S&P would like to see this.

Euro & S&P

The Euro has moved down further and each and everyone one of you who have followed my analysis since last week on this would have made good money. Even more so on the S&P analysis that I have been posting for shorting.

Firstly, well done and congratlualtions.

Secondly, if you have followed my analysis, if you have made a good profit from the analysis and if you want me to continue updating this website then please please make a donation to one of my charities.

I really appreciate you taking the time to make that donation.

Thanks and enjoy the rest of your trading day.

More Weakness

Euro moved down somewhat yesterday. I believe we still have more to go though.
The Yen also moved down very nicely and this would have given the biggest profit.
The S&P moved down in the overnight market yesterday then moved back up during opoen hours and now back down in overnight. I had got stopped out at break even yesterday and opened another short last night so I am still waiting for a turn down.

We are away until end of the week so I apologize in advance if any updates are missed.

Have a good week trading.

In addition to previous posts today

Here is the 0.382 fib I referred to as well.

You should all be in profit for The Euro, Yen and S&P now so start locking in profits if you have not already done so.

Email referring to previous post

I had an email referring from someone who couldnt understand how I managed to get the 0.941 fib reversal last night. Above is the chart showing that info. It is on a 60 minute chart EurUSD.

Euro Fib & Reversal

Trend is still down!

There isn't any major news out this week so trading you should be able to open a position without the concern of news volaitily taking out any stops.

You will have noticed the high of the 31st and the low of the 1st produced 0.941 yesterday at 10pm and the market headed south immediately. Right this very moment we are at 0.382 fib and those of you who have done the 40 hour multimedia Dynamic Trading Course will know what that could possibly suggest. If you were awake to have witnessed that (and I was one of them after coming back from a friends house last night) will be in profit this morning and I would suggest either scale out or break even at the very least.

Have a good trading day.

Yen Day

We posted about shorting the Yen last week & today got some messages from those that did short the Yen after our posts and have profited from the trade. Please don't forget to make a small dontation from your profits. Much appreciated!

Till the morning.

US Holiday and the S&P 500

We know this is a Forex site and apologize straight away for putting the above chart and talking about the S&P on here but as it is a holiday in the US and as a result we have not much else to say except we are still in a downtrend as far as Euro is concerned.

However, the S&P is a little more interesting right at this moment. It is overbought and looks like in place for fib times as well. RSI, Stochastics are very high as well as the DTosc. It is slightly short of 0.886 fib price and also it is around the 100 APP. If it goes to 0.886 fib price then that is also a cluster with the another APP at 0.618 (taken from different reference points). Everything is showing for a potential short with very limited risk (above the previous major high).

Once again, sorry for those who are not at all interested in the S&P and we will not be posting many more non Forex related analysis on this blog. We are in the process of creating a site for share analysis and for those who are interested can tune in to that site in the future for shares and indices analysis. More about that when it is near completion.

We will post currency analysis tomorrow and very shortly will be giving out the extremely valuable information mentioned last week that many of you have emailed us about over the last few days. The US Govt has approved it and we will divulge the news that will help you guys with your currency trading many times over. Some of you will know this information, most of you will not.

Have a good Monday and for the US readers have a great holiday.