Although I haven’t placed a trade yet, I’m busy stalking the currency markets again. I’ve been watching the EURUSD, AUDUSD, USDJPY, and EURJPY pairs again and I’m seeing some interesting things happening. I think we’re seeing possibly trend exhaustion in the EURUSD and AUDUSD pair signaling a possibly a top.
Why do you ask? [...]
Trolling through the Internet last night I discovered that my Futures Magazine article from last year, Forex and Treasuries Provide Clue for Gold, has been republished over at Traderslog. Make sure you read it quick before it gets taken down! :).
Its an understatement that the US Dollar is in a downtrend. Its pretty obvious which direction the greenback is going from the chart below.
My question to readers is this: if you were building a neural net model to tell you when to go LONG for a sustained rally and rebound in the US Dollar, [...]
I know I haven’t posted anything remotely related to the US Dollar and Forex Trading in ages! I decided to close out the week with a look at the US Dollar’s weekly trend.
Despite all the hullabaloo about a strengthening US Dollar in recent days, the overall trend remains DOWN. It doesn’t take a [...]
I was reading Christian’s blog yesterday when he gave the Euro a target of $1.76. Wow, that would be like Financial Armageddon for the USD! You don’t need a neural net to tell you that the trend for the Euro is UP and I’m waiting for a pullback to go long. My [...]
Yesterday I got a great email from Digital Dude who asked me why I didn’t use a stop when I went long Citigroup @ $42/share and does buying more, now, make it right? I responded by saying that my strategy for long term is different than my short term one. Soon after I posted my [...]
Its been a while since I posted my Forex Trend Signals and the reasons why are numerous: I’ve been sick, swamped at work, and taking a break from trading Forex. The break in trading Forex was out of necessity. Although my trend signals were correct, the markets intraday were extremely volatile and stopped [...]
