Friday, November 9, 2012

Euro Dollar analysis


Let's look at the bigger picture ...
1) We get a clear break out (out of that LT downtrend)
2) We find a resistance @ A
3) Price did NOT get above A, meaning ? We got a clear lower high
4) We are now facing another lower high, ready to test that key support level next week.

Channel pattern or clear reversal ? We shall soon find out ...
Any MAJOR key news coming from the ECB next week ????

Crude oil is our leading indicator ?



Want a clear picture of what's ahead for the SP 500 ? Look at crude oil !
One clear chart says it all ...
Focus on crude ... Initial support broken, turns into a key resistance, lower high
Next step ? A test of the key support
Then ? Gut feeling says we are heading lower ...

Thursday, November 8, 2012

Apple Inc. (AAPL) oversold ?


Apple Inc.  (AAPL) oversold ?
Allow me to explain my previous post ;
I am expecting a bounce up in Apple due to an oversold condition, heading into a right hand shoulder.
So yes, will buy on the dip, soon !

Apple Inc. (AAPL) trading plan


Apple Inc. (AAPL) trading plan ;
If you have been reading this blog for a while, you know I was quite bullish on Apple for years, even mentioned the 0 price target ... long time ago ...
Have been shorting Apple (see all recent posts)
Will I cover my shorts ? Yes, if it heads above 0
The blue arrows I posted is basically my trading plan for Apple.
You need to have a visual plan. It has to be "clear" in your head.

Money Printing Is Going To Run Amok Now

It looks to me like the money printing is going to run amok now, and spending is going to run amok now. I have to invest based on what’s happening and not what I would like. - in CNBC

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

Friday, January 20, 2012

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Wednesday, May 19, 2010

Spot Forex Trading - The Forex Heatmap

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The Forex Heatmap ™ is now available to all spot forex traders. The Forex Heatmap ™ gives any spot forex trader an easy to in interpret data visualization tool that organizes the data from 25 currency pairs into a visual map of the spot forex for fast and accurate spot forex trade entry decisions.

The vast majority of forex traders don’t know the condition of the forex market when they enter a spot forex trade.

There are two reasons for this. The first reason is ignorance. Most forex traders trade one pair like the EUR/USD and are looking at standard forex technical indicators on one timeframe. They continuously force trades into the EUR/USD when there is no trade there at all and they all wind up being forex scalpers. In the meantime other pairs are moving hundreds of pips, almost daily, and these forex traders simply cannot see the larger picture of the forex market.

The second reason is that once a spot forex trader has decided that they to want to know the condition of the entire forex market when they prepare to enter a trade, or that they want to trade the best currency pair available with the most pip potential, they see that it is not possible because up to now there were no good quality forex market visual maps available to them. When a forex trader searches for such a visual map of the spot forex that gives them a real time picture of the forex market they find that a tool like this may not exist.

This is where The Forex Heatmap ™ enters the picture. The Forex Heatmap ™ quickly and conveniently verifies your spot forex trade entry decisions across 25 currency pairs. Forex trading accuracy will improve dramatically for any spot forex trader and you will also know when to NOT enter a spot forex trade.

Typically at the point of entry the spot forex trader must worry about placing the trade in their forex broker platform and make sure that the correct pair and direction are entered on the trading execution platform while watching a forex price chart. There simply is not time to click on the charts from 5 to 10 currency pairs to verify the entry decision or the overall forex market condition. Forex traders must focus on the trade entry and have tools that work quickly and are easy to interpret. This is where forex traders make mistakes and emotion takes over. Traders need a quick entry verification visual map of the spot forex that streamlines the forex trade entry decision process.

The Forex Heatmap ™ solves all of these problems. The Forex Heatmap ™ is a dynamic visual tool that consolidates the data from 25 currency pairs using real time forex datafeeds and translates the forex data into a visual map of the spot forex. When you combine The Forex Heatmap ™ with a simple trading plan and very simple forex trend indicators, basic knowledge of forex support and resistance, parallel and inverse analysis, and the direction of the primary trend you now have a powerful combination of high quality analytical and decision making tools for forex trading. Emotional forex trading gives way to logical forex trading. The full potential of 25 currency pairs is now yours not just some scalping of one or two currency pairs that most forex traders have focused on in the past.

The majority of forex traders scalp, use forex technical indicators, or use forex robots, and the failure rate is incredibly high. Heatmaps are becoming more common in business, financial, internet and technology applications, and The Forex Heatmap ™ is leading the way to create successful spot forex traders.