Audio FX listeners

Having trouble uploading the images from James’s FX pups commentary from Friday and Saturday. Working on it an will have them up asap.

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Tune in to Thursday’s audio commentary

USD/JPY-PARITY open up “new chapter”, USD/CHF, closing in on Parity

*** Fed announcement, w/ Bear Stearns, opening up Earnings next week, risk aversion pushing yen higher.

EUR/USD-finding no resistance, “where is the strong dollar policy”

½ pt/ ¾
Commodity etf’s—dbs, gld, dba, dbc.

CPI #’s (Probablly lower, off 2 for 1 sales, and [...]

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Euro Gone Wild

Not to be mistaken or associated with the all-too well know similar title with “wild” in its heading (guys, you all know what that is all about from those late night infomercials), the euro has now hit the target on an ascending triangle formation (as seen in the below chart.) It has run and mad [...]

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Tune in to Monday’s audio commentary

Never thought that I would say that Eliot Spitzer might be involved in a prostitution ring and you might want to sell commodity currencies at all time highs.

Risk off is more pervasive than commodity highs - Buy risk aversion today which is primarily CHF/JPY, ag. commodities, currencies - then majors.

Choppiness [...]

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Join us at the Bellagio in Vegas!

You will never see anything else like this, for investors, I promise: this year’s Investools Investor Conference. In the Bellagio, mmm. I love that place. Last time we stayed there I stole the pillows because they were heavenly. Sadly, I got charged (expected) and yet they are now getting frumpy and gross. *sigh.
Anyway, this [...]

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GBP/CHF trying to break out, but watch out

If you watch this pair, you may notice it’s gunning for getting below support this morning. It’s still in the area (currently at a low from mid-January), so it hasn’t breached it yet. Is it a good buy to enter a short position if it does?
 
This is where looking at the big picture [...]

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Welcome to our FX Virtual workshop students!

Thank you, all 64 of you, who tuned in to our webex tonight! Enjoy our blog!

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So much for the EUR/JPY

Highlighting the importance of entering on the bounce and not guessing it will go lower. Note that now we have an ever nigh (highlighted rectangle) - the downtrend is interrupted until lower highs/lower lows begin again.

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No time!

Sorry gang, I’ve been preparing a discussion to give our stocks/options student tonight via webex and it’s consumed me all day. All I can say is the name of the game is risk-aversion right now. It’s all about the JPY and CHF and I hope you got in on that GBP/JPY after all the yammering [...]

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Expect a little wackiness today

Remember that Monday is a holiday - Martin Luther King day - and that liquidity will dry up as the afernoon goes on. Also, there is basically no news from here on out for the day on the economic calendar. Options expire for stocks today, which will also produce odd moves in stocks. Summed up: [...]

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Top 10 Trading Mistakes

Heads up and head over to the Trading Psychology section up top, I’m finally working on that sucker.

I put a list of “top 10 trading mistakes new traders make” in there. There’s a history to this list. Eric Utley here at Investools emailed all us coaches over a year ago regarding what we see the [...]

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Tune in to Thursday’s audio commentary

Today on InvestoolsFX Audio:
Today in the audiofx, more follow-up with the GBP weakness and follow-up on trends, credit flu and who is catching it. The Taj Mahal doesn’t want your USD anymore, so what do search terms have to do with that? Find out on today’s daily audiofx commentary…

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Currency ETF’s

  I hope nobody minds but I get lots of emails from students each week - which I love, by the way, I enjoy talking to all of you - and I figure it’s a good idea to share the Q & A sometimes. Here’s a good question:
  Could you help me with a [...]

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A financial tsunami

  This was an interesting read in Marketwatch about Harry Schultz, who is a famous trader and has a newsletter (don’t just run out and buy it, that doesn’t mean some smart guy will simply make you rich by reading his stuff.)

   Shultz’s latest letter, just in, is absolutely apocalyptical: “A financial tsunami is upon [...]

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And lastly ……….

Watch this video, that I actually watched in thinkorswim’s trading platform the other night. Which is way cool, by the way, that you can watch CNBC right in your trade platform. This will take 10 minutes and is good for you psychologically! (look how eeeaasy it is to fight gross poverty now a days)
Have a [...]

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