MidWeek Update

so far my analysis on the interim bottom is right :)

traders would have made quite abit on the spx bottom @ 1400 and eurusd 1.28xx bottom. and that would prolly conclude this week's 100 pips profit target :) with some excess...

update1:
there could be correction along the way from now on. so be prudent :)

Interim Bottom

i will attempt to short usdcad @ 1.003 or so for this week's 100 pips target.
i believe the bottom is near. US markets are close today once more due to Sandy

Weekly Analysis for Week 44

I think that the US indices may bottom soon and believe in an interim rebound. this will be accompanied by eurusd's rebound, audusd and nzdusd. usdcad should also drop.

my tentative long target are below:
1400 on the spx futures
1.28xx for eurusd. the pivot point at 1.284 should stand
audusd should commence a wave C up but i wont suggest you long him.
nzdusd can be longed but on dip.
usdcad should be a short at around 1.002

meanwhile i shall continue to test my intraday system

Intraday Analysis/End of week analysis

spx has broke below the 1400 on futures. i still think a bottom is near but do not long just yet. need more confirmation when doing counter trend.

looks like this week's trade made small money, 30 pips overall with the eurjpy and usdjpy. my audusd trade would be in the money if i executed it and 100 pips a week would be achieved but i was bz testing other stuff :).

today is very simple, as long as 1400 is not held den markets are in deep trouble. on a side note i actually think that eurusd has to go lower first before an interim low.

NEW strategy:
looks like my new strategy is doing well but yesterday there was a failed signal. i shall think about it over the weekend. anywae after yesterday's failed signal i actually waited for another signal and shorted crude for small profit. but everything was too hectic so i did not post it here.

today is my rest day but i will check on the markets at night as i intend to long for next week.

potential long candidates are:
eurusd:long @ 1.29 or 1.286
audusd:long @ 1.0305
nzdusd
usdcad:short @ 1.002

these are just tentative targets, need to exercise "experience" when entering if you know what i mean :)

New Strategy

I am currently testing a different strategy to trade. i shall post my trades in the chat box when i see a signal throughout the day. it will be rather impromptu though.

good luck!

AUDUSD

looking at comodities, it seems like they are out performing eur n gbp. the bottom could be near or is already in for aud n nzd. as for usdcad i would think a short about parity is a better short.

recommend short audusd 1.038

Potential Bottm in sight

based on my intermarket analysis, a potential bottom might be here. but it could be an interim one. but i m quite sure shorts have to take some profit off the table which i did yesterday

there is fomc todae