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BudFox replied Feb 4, 2010Looks like things may have calmed down for the ST, gold is ranging (5m), equities are holding, e/u is also taking a break. Asian futures are down which could mean more upside for $$ come asian session, will be interesting to see how they interpret ...
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BudFox replied Feb 4, 2010I've learned more about economics and markets from trading then I ever did while I was in college. The practical experience of actually trading and understading why price moves is something most professors have no clue and which few textbooks even ...
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BudFox replied Feb 4, 2010Gold broke through my daily TL, has since retraced above ATM, US equities are attempting to retest lows from last week after bouncing off the 23 retrace from its previous high to low. Will be intereting to see how things pan out this afternoon in US ...
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BudFox replied Feb 3, 2010Was just taking a look at my weekly chart, there is a good size upper wick that has formed, of course its only Wed/Thurs and NFP is Fri so this candle could change drastically by the end of the week, but if the 200 week MA gives way 3760ish looks ...
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BudFox replied Feb 2, 2010Exactly what I was thinking today, while watching big rally in US equities, there should have been a bigger move in this pair to the upside. Looks like futures are currently in the green for now, but I'm expecting them to come down over the next two ...
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BudFox replied Feb 2, 2010I have been reading about people talking about seeing limit orders and stop orders congregating around certain areas, is there some way for traders like us to access this information? I've never heard of any type of lvl II quote system in FX, any ...
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BudFox replied Feb 2, 2010Agree, has been choppy and looks indecisive. Sure wish it would simply trend all the time, would make our jobs a lot easier, of course if it was easy it wouldn't be worth doing.
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BudFox replied Feb 2, 2010Could we see a US equity afternoon sell off? Was interesting to see US market up so much, especially after data, I didn't really anticipate much of a move in Dow/SP500 to the upside today. E/U didn't spike up too much considering the 70pt gain in ...
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BudFox replied Feb 1, 2010Thats what I see when I look at my charts, thats why. Between looking at TLs, S/R levels, and my MAs it just seems logical. Regarding US equities I think a drop below Dow 10k is very possibly and could occur anytime this week, again I'm basing this ...
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BudFox replied Feb 1, 2010Not sure if anyone has posted a gold chart today (see mine below), of course what i am looking at is pretty simple, it came pretty close to a daily TL so prehaps bounced off it? notice also the upper TL (to me this is the highest we may see gold go ...
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BudFox replied Jan 29, 2010Hope everyone had a good trading week and takes some time off over the weekend, I'll be looking over my charts. Have been reading here for awhile but just started posting this week, although i doubt there is a correlation between my trading and ...
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BudFox replied Jan 28, 201015 min e/u chart, looks like we could be resuming the down trend? alittle early for me to tell, but looks that way, didn't make a new high, below 4 ema after bouncing off the 32 ema, will be interesting to see what happens, would be nice to make a ...
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BudFox replied Jan 28, 2010At first glance I was thinking there might be an up day tomorrow for e/u. After further review I can't help but think we're going to see more downside. -US equities have broken out of their consolidation after their recent drop and closed below the ...
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BudFox replied Jan 28, 2010Getting close to that daily TL, any thoughts on how it will react, a break through or a bounce should have an impact on e/u.
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BudFox replied Jan 28, 2010I'm sure everyones noticed this ST channel. As someone already mentioned friday could see a big bounce in US equities, 10k dow and 1k S&P should be pretty good psyc. levels. Which leads me to think we may see some $$ bears in action?
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BudFox replied Jan 27, 2010Thats what I'm thinking, at least thats how I'm positioned. New low maybe? I'm not going to attempt to pick this as the bottom, thats for sure.
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BudFox replied Jan 27, 2010Nice analysis Kambooj. On a seperate note, I don't see price making it up past 4063 tonight, unless Barry says something crazy. I have a number of TLs that would have to be broken for an actual move up to begin and I just don't see that happening, ...
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BudFox replied Jan 27, 2010US Equities end the day marginally up, while E/U keeps most of its losses, tells me $$ wants to continue strengthening; as I and some others have already mentioned, Barry may help us get going below 1.4 and close there tomorrow.
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