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Charting The Future..s!
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EUR:CAD Swing Long; 13th December 2014

I’m somewhat late posting details of this trade as it was entered by an electronic limit order at a time where I had no internet connection to tweet it live, although details of the trade possibility were posted on the ADVFN forum in advance.

In short, here is what attracted me to this trade, entered at 1.4260:Fundamentally:

  •  CAD tends to move with oil prices. Low oil prices generally sees weaker CAD.
  • The possibility of Draghi getting support for another 1 trillion QE is becoming less likely.

Technically:

  • The exhaustion gap at the lows – fairly common at highs/lows in FX
  • The area around the 50% fib between 2012 lows and 2014 highs supported price for 2 Months proving itself as potential support.
  • The falling wedge break-out is a bullish sign.
  • The 200 MA looks to be a viable initial upside target and achieving it would still print a lower high thus keeping the overall down trend intact whilst offering a high probability retrace point.
  • Positive MACD divergence throughout the 2 Month “bottoming/consolidation” process adds weight to at least a retrace if not a trend change.

EUR CAD Daily 12th Dec 2014

The main doubt about this trade is simply that the bottoming process looks  incomplete on the chart. As detailed above, the initial upside target is the Daily 200 MA where I may consider just closing the trade having had a run of trades that have failed to exceed their initial targets recently!

Posted In: CAD, EUR
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GBP:USD Swing Long – Short Term Trade; 24th Nov 2014

Having day traded the short term range in GBP:USD throughout much of last Week, this morning I entered a long, initially planned as a day trade but after further thought decided to give it some breathing space, albeit with one eye regularly checking up on it.

The main trend is […] Continue Reading…

Posted In: GBP, USD
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GBP:NZD Swing Long 4th Nov 2014

After some Months without seeing a single swing trade opportunity I felt comfortable with, I’ve finally taken the plunge with a GBP:NZD swing long.

Although its a choppy pair to say the least, the overall trend has been up for almost 18 Months now even though a glance at the […] Continue Reading…

Posted In: GBP, NZD
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The Efficacy of using Stop Losses: 11th May 2014

Following a discussion on the ADVFN FX forum thread I thought I’d reproduce my post here so as to keep it for future reference. Please note that some of the statements herein are taken from a research paper written by William K.N. Chan, former Head of FX Strategy in HSBC […] Continue Reading…

Posted In: General
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Update To AUD:GBP Analysis; 27th April 2014

Having previously discussed a long term AUD:GBP set-up in this post in its earlierst stages back in February it’s time for an update as price action continues to take the support the trade idea.

This trade could be the pre-cursor of a future box trade meaning this is quite a […] Continue Reading…

Posted In: AUD, GBP
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Belated Update, Nasdaq and USD:CHF; 14th April 2014

Apologies again for taking so long to provide an update, just haven’t had the time to concentrate on swing trading.

The last swing trade taken for the blog was the AUD:CAD swing short which and this was stopped out on the day it printed its high prior to the small […] Continue Reading…

Posted In: AUD, CAD, CHF, SPX, USD
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GPB:CAD, AUD:CAD & EUR:CAD Analysis; W/C 24th March 2014

Following a sustained weakness in the Canadian Dollar a number of CAD pairs are showing signs of exhaustion which happens to coincide with Fibonacci retracement levels and areas of potential short to medium term resistance.

In particular there are 3 pairs that have my interest so I’ll start with the […] Continue Reading…

Posted In: General
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Gold, EUR:USD And USD:CHF Analysis; 10th March 2014

Firstly an update to my previous post where I cited GBP:NZD as the favoured swing trade from my watch list. Yet again it performed as expected but yet again I didn’t enter the trade due to my focus being elsewhere. However, it may not be over for that pair […] Continue Reading…

Posted In: CHF, Commodities, EUR, USD
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