Posted in Audio commentary, British pound, Euro, Japanese yen, U.S. dollar, U.S. stocks on April 18, 2008 | 1 Comment »
Friday 04/18/08
Asia – Look at the inverted head n shoulders on FXI
Europe – Great Britain giving out pounds – look for institutional traders to step in
US - James look into the Financial futures crystal ball and tell me what you see?
James how do I trade the financials and the JPY?
$ up and commodities down.why??? – [...]
Posted in Audio commentary, British pound, Canadian dollar, Euro, Japanese yen, U.S. dollar, U.S. stocks on April 15, 2008 | No Comments »
Tuesday 04/15/08
To quote from Andrew Busch, currency strategist for BMO Capital Markets: Happy Tax Day! Most likely, this will be the lowest tax rate you will be paying for the rest of your life…….
AUD rally then retracement overnight on rumors and then spends the rest of the nigh selling off
$CRX.X, GLD, SLV, OIL make the [...]
Posted in British pound, Japanese yen, Price patterns, tagged breakout, gbp/jpy, triangle on February 29, 2008 | No Comments »
The pair finally broke from its triangle - down, as I long expected. Freaking heck that took long enough. Usually went it goes sideways for a good while it breaks out and acts like a teenager with long pent-up energy - it goes bananas. I circled previous times like this in the last several [...]
Posted in British pound, Euro, tagged bollinger bands, eur/gbp on February 20, 2008 | No Comments »
Remember we were talking about the EUR/GBP last week, and the stair-step pattern that is especially evident with the Bollinger Bands? Well the pair closed above the upper band yesterday. So let’s say we got in and let the experiment begin.
This really isn’t a “paper” trade - we don’t have many clearly defined rules, [...]
Posted in British pound, Euro, tagged pound, gbp, eur, Euro, bollinger bands on February 11, 2008 | No Comments »
I’ve fooled around plenty with Bollinger Bands, but they aren’t part of my regular trading routine. Nonetheless, I often poke my nose around what various things are up to, and notice a nice pattern on EUR/GBP.
The trend is up, and the bands have been stair-stepping up. It’s a great pattern, with the bands being [...]
Posted in British pound, Japanese yen, tagged pound, yen, jpy, gbp, forex, gbp/jpy, bounce, trend, downtrend on February 1, 2008 | No Comments »
Looks like we are getting a bounce lower off a small resistance level on the GBP/JPY, unsurprisingly. All is well with the downtrend.
Posted in British pound, Czech Koruna, tagged forex, channel on January 28, 2008 | No Comments »
We’ve talked about it - all hail the Koruna, right? Still doing its thing. On the left, below is the chart as I’ve had it drawn out for months now. I thought it might help some to see how I made a subtle change to my chart to account for some recent price action.
[...]
Posted in British pound, Canadian dollar, Euro, Japanese yen, tagged forex, stocks, george soros, comparison on January 28, 2008 | 1 Comment »
Well, here’s to a new week! An excellent way to start out is spending a moment on the “big picture.”
Technically the euro remains strong, the pound and loonie weak, and the yen has been gaining strength. The comparison chart on the left illustrates this nicely.
Fundamentally nothing has changed - there is trouble, and trouble [...]
Posted in British pound, Japanese yen, Price patterns, U.S. stocks, tagged pound, yen, jpy, gbp, forex, stocks, gbp/jpy, dow, triple top, s&p 500 on January 17, 2008 | 1 Comment »
After the carnage in stocks today (more later), the GBP/JPY is eyeing the downside again. If you traded the pair on the hourly chart, you were stopped out in the last few days. But oh, what a run! And if you gave back too much in gains, time to devise an exit strategy that [...]
Posted in British pound, Carry trade, Japanese yen, Price patterns, tagged Carry trade, feedback cycle, forex, gbp, gbp/jpy, jpy, pennant, pound, price pattern, stocks, yen on January 14, 2008 | 2 Comments »
Today is the first day I look at the S&P500 ($SPX) - representing the average of US stocks - and think “this may be a pennant”. If I can get a triangle shape out of short term support and resistance, it’s a pennant. And price coiling like this at support is pretty threatening to [...]
Posted in British pound, Czech Koruna, Euro, Japanese yen, U.S. dollar, tagged forex, gbp/jpy, eur/usd, gbp/czk on January 11, 2008 | No Comments »
We’ve been talking about these so don’t forget about them, these are 3 great trending pairs that are entrenched in money-making mode (in the direction of the arrow on the chart, I made it clear if it wasn’t obvious), so simply look for signals to get in - don’t just get in any ol’ time [...]
Posted in British pound, Japanese yen, Price patterns, tagged pound, yen, jpy, gbp, forex, resistance, gbp/jpy, support on January 11, 2008 | No Comments »
Remember 213.50, how we talked about how a breach lower than this point would resume the bearishness? The pair has been flopping around above that for a week but in the wee hours it broke lower. Finally, dang it.
If you missed it or are not in yet, fear not. It is doing a typical [...]
Posted in Audio commentary, British pound, China, tagged Audio commentary, bank of england, China, forex, gbp, pound on January 10, 2008 | No Comments »
Today in the daily audio FX we break down the essentials of the Bank geeks testimonies to tradeable action and information. We discuss the intermarket relationships of pumping liquidity into the U.S. markets, did the BOE really hold rates - do you need more reason to short the GBP? China [...]
Posted in British pound, Japanese yen, tagged pound, yen, jpy, gbp, price pattern, forex, head and shoulders, gbp/jpy on January 9, 2008 | No Comments »
Keeping an eye on this trade is a great example of how you can sometimes see things coming. Notice how we are coming up on a convergence of support. Notice that puts us around tomorrow morning … what’s happening then? Bank of England interest rate statement. ECB interest rate statement. GBP trade balance. WOW.
Obviously my [...]
FX Pup Lessons
Posted in Audio commentary, British pound, Japanese yen, U.S. dollar, tagged FX Lesson, pound, trading system, yen on April 21, 2008 | 4 Comments »
A lesson on trading with the stochastic indicator on the GBP/JPY by: James ‘Big Dog’ Boyd.
The stochastic is a great tool to monitor the trade to see how much room we have left to go up or down. The stochastic again tells us the bullish or bearish sentiment in the trade. In this example we look [...]
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