Allow me to add a bit more detail to this question as it is far too general. In the chart of the AUDUSD below I see that price has broken strongly through the 0.8360 level. The daily PA makes me think there could be further strength to come, ...

Trade Anatomy - ramblings of an old-timer

Welcome back ! — Hi OND Good to see you back on FF ! Insightful critique on the above trade. I have some observations and questions. Lots of questions. Please answer them in your own time. I would feel that as a trader I am a combination of ...

Trade Anatomy - ramblings of an old-timer

Anticipating ... — Ah, I see.

Identifying Market Swings - Medium and Long Term Trading

Fed — Lets talk Carry Trade … So, the Fed has raised the discount rate, and this can shortly be expected to feed into the Fed Funds (target) rate. Therefore, when risk appetite returns it will be time to start looking out for the next big ...

Identifying Market Swings - Medium and Long Term Trading

Volume — Good point. May I ask you something that I’m not quite clear about regarding volume. If volume is light then it means that there are fewer orders in the market than normal. This means that price doesn’t have to battle through so many ...

Identifying Market Swings - Medium and Long Term Trading

Commodity Currency Reaction — Hi Razor I’m still here. I have been busy reading Ashraf Laidi’s book. There is a good chapter on Risk Aversion that has given me a better understanding of the carry trade. In the meantime, back to AUDUSD. What do ...

Identifying Market Swings - Medium and Long Term Trading

Now I feel like a News Junkie

Identifying Market Swings - Medium and Long Term Trading

Patience — Right, Ok. I got that from an older news report that couldn’t have had the facts at the time. Something to watch out for. How frequently do you check for news ? Is it a once daily thing ? I have found today that I kept checking ...

Identifying Market Swings - Medium and Long Term Trading

Euro Pain — So, with the belief that it is European Banks that have lent much of this money to Dubai then this will only weigh on the Euro further.

Identifying Market Swings - Medium and Long Term Trading

News — Hi Razor How did this news come to your attention ? There doesn’t seem to be much news on it yet which probably explains why you say it hasn’t been factored into the market. I would have thought though that a story like this would have ...

Identifying Market Swings - Medium and Long Term Trading

Yep. I also found the following free tutorial on Investopedia helpful as well. The book was a little too advanced for me at times, and this helped to break things down into even simpler terms. url

Identifying Market Swings - Medium and Long Term Trading

Book - Methods of a Wall Street Master — For those interested I've jut finished reading Chapter 10 of Victor Sperandeo's book - Methods of a Wall Street Master. This chapter gives an extensive overview of how the Federal Bank works, and how it ...

Identifying Market Swings - Medium and Long Term Trading

Thinking about it — It's the sign of a good tutor that you get us to consider and answer these questions ourselves. AUDUSD has bounched off 0.88 with a 1 hour pin bar. I'll be watching to see if I can spot where someone might take a short ...

Identifying Market Swings - Medium and Long Term Trading

EU summit on Thursday — Hi Razor Thanks for your earlier reply on the AUDUSD, AUDJPY scenarios. I am most happy with an A-. I'm going to take a few days to think about and reinforce everything we covered in that post. In the meantime I have a ...

Identifying Market Swings - Medium and Long Term Trading

Answers — Hi Razor Thanks for a great reply. Excellent and clear answers by Aqw3R. Here’s mine. Apologies for rambling a bit but it helps if I put down my thoughts, right or wrong. Scenario 1: AUDJPY and AUDUSD continue downwards. This is the ...

Identifying Market Swings - Medium and Long Term Trading

Lining up — Hi Razor From post 107 above you mention that you’ll be looking for AUDUSD to reach 0.87, or possibly 0.85 or lower before looking for a long in AUDJPY and possibly AUDUSD, but that this will depend on fundamental development and ...

Identifying Market Swings - Medium and Long Term Trading

Victor Sperandeo — So far I am about half way through Victor Sperandeo's 1993 book entitled ‘Methods of a Wall Street Master’. I was concerned that the book might be a little dated but so far this has not been the case. This is because Victor ...

Identifying Market Swings - Medium and Long Term Trading

The Alligator Principle — That's a great explanation, and the above two lines slot a big piece into place. Thanks. I now have both books that you recommended. But I'm keen to learn and was trying to jump the gun a bit. I'll slow down. I'm ...

Identifying Market Swings - Medium and Long Term Trading

Safe Haven currencies — It becoming much clearer thanks. At least now I know what questions to ask, whereas before I didn't know what the question was. I'm trying to fit it all into place but think I need a little help to clarify one of the ...

Identifying Market Swings - Medium and Long Term Trading

USDJPY — Hi Razor I’m not quite clear here. Wouldn’t all the positive earnings reports and economic acceleration coming from the US only strengthen the USDJPY ? Or are you implying that the settling of China’s monetary policy would lead to ...

Identifying Market Swings - Medium and Long Term Trading