EURUSD is still playing in the RANGE zone which I have discussed few times in the last four weeks. With the daily close that heavy we will see at the open two possible scenarios. 1] market will gap down strongly on the open 2] market will rally on…

Break and hold setup is after 1-2-3ACU my most favourite setup. What is the story behind it? In this bearish scenario a stronger support is established. Bears are slowly accumulating short positions above this (soon to be breakout) level leaving h…

https://www.youtube.com/watch?v=GP0_MNj8f1QTime to listen to some relaxed song …

At the moment I have a pending position at 0402 to go LONG. With SL being at 0356, targeting 0540 this might be a little longer term trade. If broken strongly, it can go fairly quickly. Reasons behind this are:PROS:- overall market is bullish from…

Right now I have GBPJPY on my watchlist. If 128,20’s holds below I will be willing to go SHORT on the more speculative position with minimum potential of 5R. Lets see …PS: currently I am in a long position in EURGBP from 8022, I will specify my …

In order for an economic forecast to be relevant, it must be combined with a market call. ritholtz.com

EURUSD is still trading in its 3150 – 2800 range and the signals are somehow mixed. My perception of this pair is still BULLISH but if the pair will be able to hold in the lower part of this big range my view will change. Right now the 2880’s form…

One of the charts which caught my attention is EURJPY. It is behaving very technically and from the long term and short term perspective it is offering decent opportunities. The best opportunity with highest RR probability I see in the 102 – 101 z…

Great shot …

If the VIX index’s 52-week moving average falls below the long-term average (20.3) and the most recent low (19.1 in July 2011) this time, we think it will suggest a change of phase from crisis to normality. source: businessinsider.com