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Posts Tagged ‘Audio commentary’

shaysworthy1.jpgWhat’s cookin’ James? Greenback Stew– “Lessons Learned from Lower Highs”

What makes up a lower high technical — Insights from Shay.

What makes up lower highs fundamentally?

Why am I not bullish on commodities?

AUS/NZD — USD

James why are you spooked by the Dow?

http://forex.investools.com/commentary/audio.fx#

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shaysworthy1.jpgHope everybody had a happy Easter — Major European markets are still closed which leads to slightly illiquid day. Asia flat overnight. Go Taiwan, ETF’s opened up big on the elections and potential trade relations with China

What does or how can I trade well when Interventions is on the table?

Froth in the market leads to blow off and consolidation in commodities look at for price action to begin to base 1- 3 weeks and then move higher based off of fundamental demand

Intervention – Dennis Gartman, analyst on Bloomberg discussing the need to maintain strong liquidity and integrity in the financial system in the near term even though the long term effects are certain to follow.

Risk on scenario near term- look for equities and commodities to base, gain footing and then move higher for higher probability setups.

Hal set a date to get your first real trade in!

I PREDICT #4: I PREDICT that if you made a Currency Trading resolution, but you didn’t turn it into a specific, written goal with a deadline and a strong reason why you must achieve it, you will freely abandon it the moment the going gets tough. (4)

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shaysworthy1.jpg James ‘I want to sell you some commodities’ Boyd- Outlook on GLD, USO, UNG and commodity related stocks.

What pairs to focus on going into the weekend? CAD/JPY, AUD/JPY. GBP/CAD, EUR/GBP, USD/CAD

Follow up with EUR/USD, AUD/CAD, NZD/USD. EUR/GBP. Watch for the lower highs on JPY and CHF crosses

Persian new year’s affect on the markets?

Re-group over easter

Lack of liquidity this weekend.

I predict plug –

I PREDICT that the way you see yourself in your Currency Trading mind’s eye today will be an exact reflection of what you see in the mirror at the end of the year. Barclays – Pros – Be in this profession not as a hobby but to make real money.

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shaysworthy1.jpg Uncle James please tell me more about the Commodity Squeeze, the narrowing of the spreads between interest rates, economies, and supply and demand.

Attributing commodity sell off to the lack of the fed to meet expectations. What was the expectations? 50 – then, 75 then – 100 –

Look at the commodities get ….. shieza get kicked out it. – Then take the chill pill

Watch for near term divergences on near term dollar strength on $/JPY, $/CHF, EUR/USD on MACD.

Large traders looking at flattening on Long Gold/Short Equities

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shaysworthy1.jpg Cat’s outta the bag and 8-2 the fed has decided to drop the interest rates by 75 basis points to 2.25%

First time commodities or inflation come up in comments

How much does the housing affect this – Gotta clear inventory starts/ permits down

CAD – Looking good with CPI which means C Bank has more flexibility w/ rates

Franc the hell out of other pairs – W/ Industrial Production #’s

Commodities are touching the void – where do they go from here

http://forex.investools.com/commentary/audio.fx

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shaysworthy1.jpg How upset I am at the Fed and the bull crap that they pull because it messes with my technical analysis. I saw this one coming after such desperate news yesterday.

Commodities up a little and GLD and SLV follow suit. Watch for the bull trap

EUR/USD rallies then collapses on news that ECB and SNB need some greenbacks from FED – Dealing with their problems in other ways

Keep risk and emotions in check and write down in a journal some of what you are seeing and feeling that the market is giving you so that you will more likely remember this feeling in the price action in the future.

Short term effects likely not long term gains.

If feels like choppiness until the feds final cut which is more and more likely to be 75 basis points.

http://forex.investools.com/commentary/audio.fx 

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shaysworthy1.jpg 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 and radicalness in commodities make it historically significant as a potential topping price action. Combine that with the Rising risk aversion and potential credit crunching of hedge funds and we in a world of hurt.

Rush for liquidity is going to move fed to act strong

Top Currency Only CTA’s are reporting < 1% return for the year. To make the top 10 list you have to be better than 1%. Top pro reporting CTA is at 13.4 % return on over a million.

Send in responses to the Steve Jobs homework – reposting link

Tie in the Steve Jobs Stanford speech to trading.

Audio commentary: http://forex.investools.com/commentary/audio.fx

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