The Wallace Trading Method

[Wallace]

think the main fundamental is the US GDP on Thursday at 8:30am est, this is the
Preliminary or second release of the GDP data, should come in at consensus but
anything less would be a surprise. late Tuesday early Wednesday sessions will be
the times to watch for trend changes

for Monday August 26/13 ~ 2:44pm pst

ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend
> indicates a change in one or more of the trends

> dx: SELL ~ Sell ~ S: caution: either-or decision, either the price is going up or down
and I'll go with the down
> eur: BUY ~ Buy ~ B: IF the price rallies should do for 2 sessions
> aud: SELL ~ Buy ~ B: 'think' price will rally
> gbp: SELL ~ Buy ~ B: based on the idea there be a reversal formation
> nzd: SELL ~ Buy ~ B: as aud
cad: BUY ~ Buy ~ B:
> chf: SELL ~ Sell ~ S:
> jpy: SELL ~ Sell ~ S: 99.75 ?
..................
> es: SELL ~ Buy ~ B: will stay with the B for 2 sessions
..................
gc: SELL ~ Buy ~ B: see if it breaks 1415
> cl: SELL ~ Buy ~ B: caution: could make a new H, but may also only be a reversal
and could change direction this session
ng: SELL ~ Sell ~ S:
..................
notes: just discovered AC 72 racing - wow !

 

[Wallace]

for Tuesday August 27/13 ~ 4:02pm pst

ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend
> indicates a change in one or more of the trends

> dx: SELL ~ Sell ~ B: caution: didn't happen so the price may go to 81.80 again but
watch it doesn't turn fast this session, otherwise Wednesday's
> eur: BUY ~ Sell ~ S: based on the $ will go with a S, not a lot of downside, 1.3313-
1.33 ? but, I could be bingo-bongoing what the price is doing, so watch out that this
analysis is wrong and the price rises
> aud: SELL ~ Sell ~ S: expecting the decline to renew
gbp: SELL ~ Buy ~ B: caution: based on the idea there be a reversal formation
> nzd: SELL ~ Sell ~ S: as aud
cad: BUY ~ Buy ~ B: but, watch it doesn't drop below 1.049 which would mean S
chf: SELL ~ Sell ~ S: will stay with it but watch it doesn't rally and break 0.9270
> jpy: SELL ~ Buy ~ B: may start to rally again, reversal or more ?
..................
> es: SELL ~ Sell ~ S: see if it breaks 1647 , could base again at around the 1634
area but expecting that tomorrow, or a break down
..................
gc: SELL ~ Buy ~ B: see if it breaks 1415
> cl: SELL ~ Sell ~ S: caution: could bounce the 103 area and bounce up again, but
could also drop thru and break 102
ng: SELL ~ Sell ~ S: looks like the price has turned but may run up to 3.55 again -
breaking that level would leave a Lot of upside to run into
..................
notes: Kiwis won

 

[Wallace]

for Wednesday August 28/13 ~ 3:25pm pst

ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend
> indicates a change in one or more of the trends

> dx: SELL ~ Sell ~ S: looking for the price to break and close below 80.60 , and if so
79.50 should provide support
> eur: BUY ~ Buy ~ B: will either top around the previous H of 1.3451 forming what to
me would be a reversal formation or boot right thru it. gl around 1.3498
aud: SELL ~ Sell ~ S: could have based and could run up to 0.9062 again
> gbp: SELL ~ Sell ~ s: may run up, holding S
> nzd: SELL ~ Sell ~ S: could base around 0.7690 , break thru ?
cad: BUY ~ Buy ~ B: below 1.049 Could mean S, correction ? up again ?
chf: SELL ~ Sell ~ S: looking for break and close below 0.9065
> jpy: SELL ~ S ~ S: (what was I looking at ?) bounce around here but down
..................
es: SELL ~ Sell ~ B: looks like the price has based and may stay up for the session
but will keep the Sell on
..................
gc: SELL ~ Buy ~ B: see if it keeps going
> cl: SELL ~ Buy ~ B: really should have had that, 115 is the target to top
> ng: SELL ~ Buy ~ B: 3.66 ?
..................
notes: I'm off, see you later