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Tag: Technical Commentary

SPX: 6 Years of Money In The Bag and a Pile of Doomsday Theories

When it comes to the stock market, I'm not one for doomsday theories. Those that are tend to metaphorically climb a brick wall, constantly reexplaining their logic for such over and over again. And while many of
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S&P 500 Failure and the War of 1812

Update 11/26: In this one and placing my stop at 1833 currently. This is a little higher than I normally go but then again the risk allows for it. The “official” calculated number comes out
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eurusd spike support

Spike Base Support, Trading EURUSD

As I work on more longer term stuff for this site, just some of the obvious rearing its head my way these days – this one on EUR/USD. Enough time has passed to say that
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Regarding 1.3100…

I posted the following on Twitter the other day, in prep for the 3100 handle getting approached. I did not, however, anticipate it happening this rapidly until I took a deeper look at charts last
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And EUR/JPY On a Tear

‘Scuse the mess on this one but everything here should be rather obvious.  Massive strength in all Yen (weakness) crosses today.
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EURUSD Orders and spike base price magnets

EURUSD Orders, Levels, Break

Pretty obvious one today. Clean break on this major downward sloping trendline and up to the order clusters we go. Spike base at circa 3250 and stops right around that 3230 area = magnets.
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Because We All Love Specifics

Small trade, so so reaction. Not sure I ever get too thrilled about such short term stuff, but here ‘goes: Two charts here – same pair, a 3 minute and a 15 minute – intraday
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EURJPY 5 Min Chart Forex Inner Trendline

EUR/JPY Graveyard Shift Price Action Trade Example

To put it bluntly, I am really, really sick this week, and I never get sick. So I've been up late coughing and turning back on my MacBook Air in bed to see what's going
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Dreamy August Starts With A Bang

This week consists of one of the busiest schedules we have faced in a while, and either out of utter genius or sheer idiocy, I scheduled a short vacation several months back starting on Wednesday, so
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