4340 points from 5 markets! - DOW, GBP.USD, EUR.USD, OIL & FTSE!
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Our systems is what we follow and in terms of the US majors and FTSE we are long.
However stats-wise the first few days of March do give us an upward tendency.
I don't trade views - however I must say it seems more and more like the US majors along with oil will get to 2010 highs and the currencies around the world will 'bounce' against the dollar.
Many cannot recognise a few simple things as they get clouded with all the c**p out there. The biggest economy in the world regardless of ANY emerging markets is the USA and you have to pay them respect. If you pay this statement any recognition then you must pay respect entirely to the dollar regardless of its worth. Why do I say regardless of its worth? Well Gold has not climbed purely on gold demand, it is advanced due to many of the smart money using as a safe currency as gold is not only a metal but too many it is seen as a currency. Now bringing me back to the original point: if you give entire recognition to the dollar being number 1 in every respect (regardless of its worth) then you would have been smart to realise how every single market in the world is synchronised against it - if you can understand market logistics it can make trading a doddle!
I trade technicals - why? Because we trade the future and technicals give you precise entries as per your systems, analysis etc.
However:
I have a FIRM understanding of fundementals. So why don't I trade them? As the entries you will get based purely on fundementals can be crippling unless you've got the wealth to match of Warren Buffet and co!
When I trade technicals and when I can feel the fundementals being in unisom - what an ecstatic feeling I get!
With the sell off in all currencies against the dollar: a bounce seems imminent - Why?
Will with the Fed raising the discount rate it will now seem like to many that the scope for a further raise is not instantly in the short which should create the dollar the get cheaper - bounce for all other currencies along with oil and a rally to 2010 highs for the US majors.
Further out then this I do not know and even with the above you can take it as ramblings as I don't trade views I trade price. If you like views then I can't find any better then the likes of Jim Rogers or George Soros and co.
Kind Regards
User
However stats-wise the first few days of March do give us an upward tendency.
I don't trade views - however I must say it seems more and more like the US majors along with oil will get to 2010 highs and the currencies around the world will 'bounce' against the dollar.
Many cannot recognise a few simple things as they get clouded with all the c**p out there. The biggest economy in the world regardless of ANY emerging markets is the USA and you have to pay them respect. If you pay this statement any recognition then you must pay respect entirely to the dollar regardless of its worth. Why do I say regardless of its worth? Well Gold has not climbed purely on gold demand, it is advanced due to many of the smart money using as a safe currency as gold is not only a metal but too many it is seen as a currency. Now bringing me back to the original point: if you give entire recognition to the dollar being number 1 in every respect (regardless of its worth) then you would have been smart to realise how every single market in the world is synchronised against it - if you can understand market logistics it can make trading a doddle!
I trade technicals - why? Because we trade the future and technicals give you precise entries as per your systems, analysis etc.
However:
I have a FIRM understanding of fundementals. So why don't I trade them? As the entries you will get based purely on fundementals can be crippling unless you've got the wealth to match of Warren Buffet and co!
When I trade technicals and when I can feel the fundementals being in unisom - what an ecstatic feeling I get!
With the sell off in all currencies against the dollar: a bounce seems imminent - Why?
Will with the Fed raising the discount rate it will now seem like to many that the scope for a further raise is not instantly in the short which should create the dollar the get cheaper - bounce for all other currencies along with oil and a rally to 2010 highs for the US majors.
Further out then this I do not know and even with the above you can take it as ramblings as I don't trade views I trade price. If you like views then I can't find any better then the likes of Jim Rogers or George Soros and co.
Kind Regards
User
User
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Please do not take note of this post as I ironically read my chart wrong lastnight and the oil system remains in this short. I apologise for the mistake however it doesn't make any difference as the price as I write is @ 7970. If Oil rallied today then so be it, I must notify you of my mistake as when I quickly glanced at the chart yesterday I thought the system had triggered a long signal but it hadn't as it was hinging on the price action of today. So on that note the short triggered friday remains from 7820 and the tally does not take any -150 into account. God knows which way it will go but system says fridays short still valid.
😱
User
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All signals remain the same!
GBP.USD took a battering yesterday due to it seeming like a hung parliament for the UK!
Rightly I updated ''my error'' for the OIL trade as the system remained short, identifying problems with $80
EUR.USD may be forming a very narrow triple bottom and may be ready for bounce along with the GBP.USD as we are now running the risk of having the news excessively spread in main headlines - so beware from a contrarian perspective.
DOW JONES & FTSE rightly remained long and continued to rally, however it was tight range stuff and not a very impressive rise? If we don't press on higher today it it seems likely that our long signal could well close and reverse.
Hope you all continue to excel in your efforts in trading the financial markets!
Kind Regards
User
PS. If you have any trading related questions, please email (investing@london.com) or pm me and I will try my best to promptly get back to you.
GBP.USD took a battering yesterday due to it seeming like a hung parliament for the UK!
Rightly I updated ''my error'' for the OIL trade as the system remained short, identifying problems with $80
EUR.USD may be forming a very narrow triple bottom and may be ready for bounce along with the GBP.USD as we are now running the risk of having the news excessively spread in main headlines - so beware from a contrarian perspective.
DOW JONES & FTSE rightly remained long and continued to rally, however it was tight range stuff and not a very impressive rise? If we don't press on higher today it it seems likely that our long signal could well close and reverse.
Hope you all continue to excel in your efforts in trading the financial markets!
Kind Regards
User
PS. If you have any trading related questions, please email (investing@london.com) or pm me and I will try my best to promptly get back to you.
User
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Market signal update:
Dow Jones and FTSE remain longs in the signals. Going through a sideways period which could in turn go either way. A big move is about to unfold and although we have some downside risks we must repest the system staying with it's long from 10114 on the dow jones.
Oil still remain rangebound although closing higher today and now closing its short @ 8080 and closing the system signal with -260 points bringing the 2010 tally to 811 points.
GBP.USD bounced today however it remains short via the short signal on 17/02/10 at 15680.
Oversold? Downside overshoot? Gap down Sunday night! One more advance for Thursday would likely turn the GBP.USD into a long although early yet.
EUR.USD still remains short although now creeping slightly higher on the week.
Good Luck all.
PS. Please pm or email your trading related questions and I will try my upmost to get back to you as soon as I can.
Dow Jones and FTSE remain longs in the signals. Going through a sideways period which could in turn go either way. A big move is about to unfold and although we have some downside risks we must repest the system staying with it's long from 10114 on the dow jones.
Oil still remain rangebound although closing higher today and now closing its short @ 8080 and closing the system signal with -260 points bringing the 2010 tally to 811 points.
GBP.USD bounced today however it remains short via the short signal on 17/02/10 at 15680.
Oversold? Downside overshoot? Gap down Sunday night! One more advance for Thursday would likely turn the GBP.USD into a long although early yet.
EUR.USD still remains short although now creeping slightly higher on the week.
Good Luck all.
PS. Please pm or email your trading related questions and I will try my upmost to get back to you as soon as I can.
User
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Al signals remain the same!
Oil didn't do much whilst ending above $80 but not breaking out above $81. The chart seems to signify a big move tomorrow as technically we could well decide the direction from this current rut that we've been stuck in.
Dow edged higher but still not unfolding the real move yet as we grind higher but nothing definative yet. FTSE closed down although I expect the US action will drag it higher!
GBP.USD and EUR.USD both declined whilst the GBP faired up better but both failed on upside - GBP at yesterdays highs and EUR created a slanting downward trendline which it failed at before we slid. Being at the midpoint from Wednesday highs to the lows of the week states that we could go either way. Should we hold at current levels would take us back to the highs of wednesday and folding at current levels would take us towards the weeks lows. That may sound obvious but it's the state of play at the moment.
Wish you all a great close to the week!
Fire accross your pm's and emails for any trading questions and I will get back to you tomorrow if not by the weekend.
Kind Regards
User
PS. Have a great weekend all. 👍
Oil didn't do much whilst ending above $80 but not breaking out above $81. The chart seems to signify a big move tomorrow as technically we could well decide the direction from this current rut that we've been stuck in.
Dow edged higher but still not unfolding the real move yet as we grind higher but nothing definative yet. FTSE closed down although I expect the US action will drag it higher!
GBP.USD and EUR.USD both declined whilst the GBP faired up better but both failed on upside - GBP at yesterdays highs and EUR created a slanting downward trendline which it failed at before we slid. Being at the midpoint from Wednesday highs to the lows of the week states that we could go either way. Should we hold at current levels would take us back to the highs of wednesday and folding at current levels would take us towards the weeks lows. That may sound obvious but it's the state of play at the moment.
Wish you all a great close to the week!
Fire accross your pm's and emails for any trading questions and I will get back to you tomorrow if not by the weekend.
Kind Regards
User
PS. Have a great weekend all. 👍
