I am a Sniper Jar head Swing Trader.
I am imploying this method of trading to improve my Timing, patience and management of each trade.
I am using the Daily but Mainly 240min Time Frame as an Anchor. As a Sniper we must be quietly patient. Therefore there may not be many signals as i look for intraday set up's that complement my
4hr outlook of the 6 Currencies (GBPUSD, EURUSD, AUDUSD, USDCHF,USDJPY,USDCAD are all dollar based. Therefore, I will be analysing and monitoring the Dollar index and gold,oil for clues. The strategy is to build a case for each currency and try to spot the best Low risk High Probability Trades that I recognize.
In each chart there is a 'Blue Print' of what I think might happen with alternative scenarios. Depending on whether Mr prices breaks or respects certain junctions I will act accordingly following Price behaviour with news.
In 90% of cases we are bullish above the 55DMA and bearish Below the 55DMA always going with the trend.Comments are welcome.
Arsenal of Skill
Harmoincs
Poseidon (Andrews Pitchfork)
Elliot wave
Speed Line. Trend line breaks
News to match Techincals outlook
Technique
DMA(Day Moving average )
Bollinger bands (21)
8DMA Cross Momentum
55DMA Bullish above Bearish Below
90DMA,200DMA Trend indicator
4hr Stochastics
MAC/D
RSI,ADX
I would just like to add this is my personal journal so that i may improve my Forex Military Rank. So comments welcome
I am imploying this method of trading to improve my Timing, patience and management of each trade.
I am using the Daily but Mainly 240min Time Frame as an Anchor. As a Sniper we must be quietly patient. Therefore there may not be many signals as i look for intraday set up's that complement my
4hr outlook of the 6 Currencies (GBPUSD, EURUSD, AUDUSD, USDCHF,USDJPY,USDCAD are all dollar based. Therefore, I will be analysing and monitoring the Dollar index and gold,oil for clues. The strategy is to build a case for each currency and try to spot the best Low risk High Probability Trades that I recognize.
In each chart there is a 'Blue Print' of what I think might happen with alternative scenarios. Depending on whether Mr prices breaks or respects certain junctions I will act accordingly following Price behaviour with news.
In 90% of cases we are bullish above the 55DMA and bearish Below the 55DMA always going with the trend.Comments are welcome.
Arsenal of Skill
Harmoincs
Poseidon (Andrews Pitchfork)
Elliot wave
Speed Line. Trend line breaks
News to match Techincals outlook
Technique
DMA(Day Moving average )
Bollinger bands (21)
8DMA Cross Momentum
55DMA Bullish above Bearish Below
90DMA,200DMA Trend indicator
4hr Stochastics
MAC/D
RSI,ADX
I would just like to add this is my personal journal so that i may improve my Forex Military Rank. So comments welcome
GBPUSD 240Min
EURUSD 240Min
AUDUSD 240Min
USDCAD 240Min
AUDUSD 240Min
USDJPY 240Min
The euro wobbled on Wednesday after Moody's downgraded Portugal's debt rating by two levels, highlighting concerns that European officials will not be able to prevent a wider sovereign debt crisis.
ReplyDeleteMoody's cited implementation risks for Portugal's ambitious fiscal consolidation targets.
Debt-ridden Portugal, Greece, and Ireland are in a difficult position -- failure to produce sweeping fiscal reforms will upset the bond markets, but cuts cutting will likely result in uncompetitive levels of economic growth.
Portugal was able to auction off 1 billion euros of bonds due in 2012, at higher borrowing costs.
The euro eased to $1.3920 versus the dollar, after challenging a recent 4-month high of $1.4035 in the previous session.
The dollar firmed amid the release of data showing U.S. producer prices increased by much more than expected in February. The Labor Department said its producer price index jumped by 1.6 percent in February following a 0.8 percent increase in January.
Eurozone inflation breached the European Central Bank (ECB) target for a third straight month in February due to higher energy prices.
Consumer price index (CPI) rose 2.4 percent year-on-year, following a 2.3 percent increase in January, European Union Statistical agency Eurostat said Wednesday, confirming a preliminary report
Commodity price inflation is putting some pressure on the Federal Reserve to scale back its quantitative easing program.
The euro slipped a bit versus the sterling, easing to GBP 0.8670 from this week's 4-month high of 0.8708.
Meanwhile, the euro eased to Y113.50 versus the yen amid increased risk aversion and as funds were repatriated back to Japan.
Japan says a second nuclear reactor may have ruptured with a radioactive release, aggravating the nation's attempts to handle a nuclear crisis brought on by Friday's earthquake.
RTT news
This comment has been removed by the author.
ReplyDeleteIntraday Market Thought (March 16, 2011 22:04)
ReplyDelete2011.03.16 22:04: As USDJPY hit a new record low of 77.03 in early Thursday Asian trade, much talk arises about the repatriation trade le by Japanese investors. As I often indicated during last autumns lows, USDJPY has a highly inverse correlation with bond yields, thereby, tends to drive down USDJPY (rising yen) during falling yields (resulting from fresh QE, weak US/global economic figures and concerns with disinflation). And of course, bond yields also fall as bond prices rally on days like these (tumbling equities casting doubt on the global recovery). Aware of Japanese investors chase for yield, FX traders trend to anticipate the repatriation operations (unwinding of yen carry trade) via speculative purchases of the Japanese currency and further enforcing it upwards. So WHEN DOES THE YEN become excessively strong for the already sluggish Japanese economy? I expect the release of Japans industrial production, consumer demand and GDP growth due in 1-2 months to act as the catalyst for eventual yen weakness, which will likely drive USDJPY about 3-5% from current levels (85-86) but unlikely to go beyond that. Seasonal yen weakness in April occurring after the conclusion of pre-fiscal year end repatriation is also likely to weigh on JPY in Q2. Buying USDJPY near the latest all-time lows may be produce a quick 70-100 pips, but maintaining a consistent success in such a volatile markets in the face of interventions, rumours and disasters could be dangerous, especially in a world of 50 or 100-1 leverage. Be careful out there. I cannot emphasize enough the relative consistency and reliability of EURUSD support near 1.3860-70s to rebound towards 1.3920-30s as the pair maintains its robustness in light of the dynamics I mentioned in the latest article
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