Forex Calls Recap for 8/15/11
With a couple of countries on Holiday in Europe, things were pretty dead for the European session but picked up ahead of the US session. Also doesn't help that we seem to be feeling the usual August doldrums out of Europe for August vacations in general, so I'm half size max for now. See EURUSD below.
Here's the US Dollar Index intraday with market direction lines:
EURUSD:
Triggered long very early (1/4 size) at A and stopped. Triggered long just ahead of the European session at B and stopped. Went again in the morning at C and hit first target at D and beyond nicely, but that trigger was a little before I usually get to my desk:
Stock Picks Recap for 8/12/11
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
Nothing off of the report triggered.
From the Messenger, Rich's MCP triggered long (without market support) and worked great:
AAPL triggered short (with market support) and worked great:
AMZN triggered long (with market support) and worked:
Rich's WYNN triggered long (with market support) and worked enough for a partial:
His JAZZ triggered short (with market support) and didn't work:
His LULU triggered long (with market support) and worked:
Several other calls, none triggered.
In total, that's 5 trades triggering with market support, 4 of them worked, 1 did not.
Forex Calls Recap for 8/12/11
Not a great week at all, which feels like what we usually see out of August, even though you would think it would be fine with everything going on in the world. Another day with stop outs, our worst string in months. See EURUSD and GBPUSD below. I will be sticking with half size as it appears we are in the usual August doldrums without quite as narrow ranges. If things shift about, I'll return to full size. On a typical year, I'm half size for 5-6 weeks around this period anyway.
US Dollar Index intraday with market directional lines:
New calls Sunday and Chat to start the week.
As usual on the Sunday report, we'll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then look at the US Dollar Index below.
EURUSD:
Triggered long at A and stopped. Barely 100 pips of range. Note the use of Pivot (point B) and VAH (point C); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES but that doesn't really help us in that scenario:
GBPUSD:
After setting the Pivot twice, clean trigger short at A, but only went about 30 pips and stopped. Note that the breakout over UBreak ran straight to R1:
Stock Picks Recap for 8/11/11
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
From the report, nothing triggered.
In the Messenger, AAPL triggered short (with market support) and worked:
Rich's JPM triggered long (without market support) and didn't work initially, worked later when it went with market support:
Rich's CIEN triggered long (with market support) and worked great:
NTES triggered long (with market support) and worked enough for a partial:
Rich's BIDU triggered long (with market support) and worked:
NFLX triggered long (with market support) and worked:
Rich's GS triggered long (with market support) and didn't work on the first trigger:
Rich's VMW triggered long (with market support) and worked:
FSLR triggered long (with market support) and worked:
Rich's CF triggered long (with market support) and didn't work:
His GOOG triggered long (with market support) and worked:
His JOYG triggered long (with market support) and worked enough for a partial:
TEVA triggered long (with market support) and didn't work:
EBAY triggered long (with market support) and didn't do enough either way late in the session to count:
In total, that's 13 trades triggering with market support, 9 of them worked, 4 did not.
Forex Calls Recap for 8/11/11
Very interesting that with all of the volatility in the stock market, the forex market is fairly flat. We did get good range in the session, but EURUSD ended up right where it started. In fact, this whole week has been fairly flat on the US Dollar Index in general, which is a little unexpected. I will say, however, that this is August. August is generally the slowest month of the year for Forex, but based on everything going on globally, it seemed like it was going to be more volatile than usual. So far, my thoughts on this are mixed as we're definitely seeing a slowdown in action versus what we say in the last two months. If the ranges start to narrow (as they did two days this week); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES we may do our usual August thing and drop to permanent half size until they come back in September.
Winner on the GBPUSD call and loser on the EURUSD, half size ahead of Trade Balance, see below.
Here's the US Dollar Index intraday with market directional levels:
New call and Chat tonight.
EURUSD:
Added a later call here since the GBPUSD went early, triggered long at A and stopped. Also triggered in the morning at B and stopped:
GBPUSD:
Triggered long at A, hit first target at B, moved stop under entry and stopped at C:
Stock Picks Recap for 8/10/11
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
No calls in the report.
In the Messenger, Rich's CLF triggered long (with market support) and didn't work:
His POT triggered long (with market support) and didn't work:
GOOG triggered long (with market support) and worked for over a point and a half before reversing:
Rich's RIG triggered long (with market support) and worked enough for a partial:
FSLR triggered long (with market support) and worked:
GOOG triggered short (with market support) and worked:
AAPL triggered short (with market support) and didn't work at all:
Rich's RL triggered short (with market support) and worked for a couple of points:
In total, that's 8 trades triggering with market support, 5 of them worked at least enough for a partial, 3 did not.
Forex Calls Recap for 8/10/11
Unusual trade last night that demonstrates how precise what we do actually is. Two pips made a difference. See GBPUSD below.
Here's the US Dollar Index intraday with market directional:
New calls and Chat tonight.
GBPUSD:
We stagger entries for a reason. Two pieces of my trade triggered at A and stopped, then the rest went through at B. Note that we moved exactly to the first target to the pip at C, which closed me out of what I had without the other pieces. If you were awake, could have also taken the trigger at D and hit the first target at E:
Tradesight Market Preview for 8/11/11
The SP lost 51 on the day but did some notable things in so doing. Price did not make a new low on the move nor did price make a new low close. This could be viewed as a retest or a wash out. Also, the overall pattern has completed a trend termination formation.
Naz lost 70 on the day and recorded an inside day. The resolution of the inside pattern should be explosive.
The multi sector daily chart shows weakness in the banks and strength in the gold miners.
The NYSE Trin closed the day over 5 which elevated the 10-day Trin to 2.20 which is screaming oversold and loaded with potential upside energy.
The Dow/gold ratio broke below 6 for the first time of the bear market.
The XAU was top gun and the only sector up on the day.
SOX was down less than half as much as the SP and the Naz showing relative strength.
The OSX also slightly outperformed the market.
The BTK made a new low close in the move but like many of the major indexes has a trend termination formation in place.
The BKX was the last laggard, making a new low on the move.
Oil was relatively strong:
Gold made a new high touching 1800 into over bought territory in the Gann box.
Stock Picks Recap for 8/9/11
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
No calls in the reports.
From the Messenger, Rich's BIDU triggered long (with market support) and worked great:
AAPL triggered short (with market support) and worked fine for a couple of points:
Rich's LNKD triggered long (with market support) and worked for a point (doesn't look like much based on the scale of this chart, but it worked fine):
AMZN triggered long (with market support) and worked:
Rich's FFIV triggered short (with market support) and worked:
His BIIB triggered short (with market support) and worked:
His GS triggered short (with market support) and worked:
His CHTR triggered long (with market support) and didn't work:
His CAT triggered short (with market support) and worked:
His CLF triggered short (with market support) and didn't work:
His APKT triggered short (with market support) and worked:
FSLR triggered short (with market support) and worked:
AMGN triggered short (with market support) and worked:
In total, that's 13 trades triggering with market support, 11 of them worked, 2 did not.
Forex Calls Recap for 8/9/11
Really nothing here exciting at all. EURUSD stayed in a 60-pip range for the European AND US sessions, including after the Fed announcement. I was light on size, and got stopped, normal trading resumes tonight for me.
US Dollar Index intraday with market directional levels:
New calls and Chat tonight.
EURUSD:
Should have triggered at least part of your trade long early at A to B, stopped, and then put back in for European session which triggered and stopped. Added a short at C in the morning but closed at D ahead of the Fed:
