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Gold Goes Parabolic But Can It Hold?

gold-sm

Gold went to a high of $1,917.90 today, according the to the continuous Gold Futures chart in Broco Trader.  That is the highest is has ever been, showing a flight to safety  in this time of budget woes.  According to this article on Bloomberg, central banks are adding to their gold reserves “for the first [...]

Look at the EURUSD Go!

Click above to enlarge

It is times like these that I wish that I had some real money on the line. But I’m doing what I need to do to become a better trader.

One thing that have started doing again this week is watching the charts. Well, watching the chart to be exact. Since I am backtesting the [...]

How Much Lower Can The EURUSD Go?

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Click above for larger image

Well, the EURUSD has had quite a run in November, down from a high of 1.4281, now near the 1.3100 level.

So the question is, what now?

With some positive news coming out of the US this week and no end in sight for bad news in the Eurozone, [...]

Update on the Monday trade for this week

Hello,

I haven’t done a video in awhile, so I figured I would get back into it. I think it makes things easier for both of us. Here is the status of my trade so far. It is still early in the week, but I’m not too sure if the trade will be hit. There [...]

GBPJPY Downward Bias

In my opinion the GBPJPY seems to have a downward bias.  It seems to be respecting the bottom of the trendline on the Daily chart.

I am looking for shorts until the market shows me otherwise.

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[...]

What I am Watching Tonight

Trading only the GBPJPY has led to much fewer trades but I feel more focused in trading and backtesting.  There is a surprise box that is shaping up on this pair that I am watching carefully.

It hasn’t formed to the extent that I would like, but it is starting to look jucy.

New Zealand Dollar COT Divergence

On the last COT report, there was bullish divergence in the NZD in the futures market.  Is this a good time to be going long the NZD?  I’m going to look into it.

Watch List For This Week

Here are the trades I’m watching going into this week. I have started testing double inside days on the daily chart. It seems to work pretty well but the jury is still out. If you don’t know what a double inside day is, click here for a good explanation.

These are squeeze boxes, surprise boxes [...]

Trade Watch for Tonight

I’m stalking a Surprise box on the 1hour AUDCAD and Squeeze boxes on the 1 hour EURAUD, EURCAD and EURGBP.

SMS alerts are set in Metatrader, let’s see what happens!

Squeeeze Boxes Galore

Watching Squeeze Boxes on:

EUR JPY CHF AUD GBP GBPJPY EURCHF EURAUD EURGBP EURJPY AUDJPY

…and a Surprise Box on the GBPCHF, all on the 1 hour charts!  I put in a ton of MT alerts which will text my cell phone when trades start firing off.