Sunday, May 4, 2008

Techie anyone?

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Friday, May 2, 2008

done for the day, final update

I’m done for the day. I apologize for the inconvenience but we have a house guest and people running around including through the office so I’m calling it a day to avoid confusion during trading which tends to result unfavorably.

Here is a last minute image of what I see developing on the carries. S&P seems to reflect a bearish outlook. I’ll remind everyone the Daily chart from S&P looks bearish as well. By the time this post hits we should have confirmed short signals on the 15min EJ and GJ.

Thanks for following along.

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Finally the resolution issue is fixed. I had to limit my resolution to 640 x 480 which is 4:3 aspect ratio and Google approved for broadcast, so from now on I'll try to use that ratio so you can see what I'm talking about. Also I'll be redoing all my intro videos this weekend.

Potential setup for short USDCHF post NFP 15minute

This is what we are looking at right now. Remember we need to see a legitimate bounce off the trendline to take the break.

Closing the gap post NFP

This seems to be a move to close the gap.  Remember we identified banks were net short ahead of release expecting a bad number out of US to short Equities and USDJPY.  Keep your eyes on EURUSD and USDJPY to close the gap.  Use both as confirmation.

 

 

Post NFP assessment


USDCHF has put in a day's work with 122 pips from the bang. I don't expect much more upside today as traders square ahead of the weekend. There are rumors of Russia revaluing their ccy which means wild spikes and that means banks will be exiting or hedging ahead of close today.



We'll be looking to take 15minute trendline breaks as usual but our targets today are very tight.





Thin Trading Ahead of NFP. "is this record broken?"


It's a typical pre-NFP Friday morning. What am I doing awake at this hour? Judging by this image EURJPY would like to crash down through this 15min trendline and continue the daily trendline break from 2 days ago.