Recent content by Guardian Angel

well i must say that i have only been there a few weeks but the one guy D. Johnson is very good. he follows the indexes and is extremely knowledgeable. i thought that his insights were very good. i wish he stayed on longer though. but i can't complain because it is free. what more could you ask...

sorry i've been away for a while. i have been spending some time in the lab and at www.mentorfortraders.com

Chaw, I'm a stickler for the 4hr chart. MA crossovers are o.k. but like Baruch said beware of the whipsaws. If used correctly you can profit with it but only in trending mkt conditions. when the mkt is consolidated you will have to stay out. so weigh the pros and cons of this strategy. I...

yup.

Short @ 112.94 Long @ 114.74 130 pip profit is expected.

one final note: even if the fed does nothing the interest rates will still rise because bond prices are falling on the CBOT. also, the stock market is ripe for correction and could selloff dramatically so.

this is what i believe: TY will prices will fall along with ES,NQ, YM DX & USD (same thing) will also decline. therefore as the U.S. stock market declines so will bond prices and the US $. meanwhile commodities like CL and S and GC could rally beyond our wildest dreams.

eur/usd has put in about 2weeks worth of strong support. a good long bounce should be in order here folks.

seriously though, if eur/usd breaks 120.70 then 121.84 is the next breakout buy trigger then 122.50 will be next. all in all mkt could break the 123-124 threshold before another significant pullback if the above holds true.

eur/usd is in play 'long' @ 120.70 momentum cross is close to positive and stochastics are rising from oversold. yup. it looks like im compelled to take this one. looks like an almost sure thing. oops did i say that. go short now.:D

right but remember the 114.56 long got triggered 1st so i would have been stopped out at a loss on the long position but i would be up on the short from 113.85.:D unfortuneatly i didnt take either position and i have to run out now so i will post again later.

hi rax, going long is also a possibility but according to the 4hr chart we have just crossed the 2 major support levels and that does not bode well for a bullish position. however, i do have my stochastic oversold but mkt has not yet gained any ground on the momentum indicator.

according to the 4hr chart we may possibly have another 120-150 pips more to go to the downside. if i get hit on the 3rd sell trigger then that should be the begining of the selloff. i will have to wait and see though.

but i was wrong though on the 114.56 buy trigger. i would have gotton stopped out on that one.:( it is most telling / these price triggers located within the 4hr chart. that is where i got them.:D

your right. i still have a chance to catch the 3rd sell trigger most likely later today.