It looks like there is some profit taking entering the market following today's open on increased volume. More of this may push prices down to 3200. image

S&P500 Futures Talks & Ideas

Happy New Year! SP500 continues to crank higher. There is the potential for profit taking into the New year and a pullback from current highs that look a little extended. Areas I am watching for price reactions are marked on the chart. I will wait ...

S&P500 Futures Talks & Ideas

Short setup on the AUD/USD fading resistance as follows; image

Nearly Naked (Simple Trades)

SP500 is trading in a narrow 10 pip range. Let's see if there is a strong enough market driver to cause a tradable breakout / breakdown image

S&P500 Futures Talks & Ideas

A trade deal tweet in the last few minutes has caused a reaction bringing the SPX down to the support base at 3162. So far price has bounced back 10+ pips from here. The most significant level I see on the chart is 3151. If price pulls back here ...

S&P500 Futures Talks & Ideas

In relation to this move it an be seen on the 1m chart that the first retrace to the 23.6% Fib level offered an opportunity to springboard into this move. This is exactly what happened with the NFP. This can be traded with a stop stuck below the ...

S&P500 Futures Talks & Ideas

image Ok, following and BOJO's majority the £ rallied 300 pips. There is nothing to stop BOJO pushing through his deal and moving on to complete the Brexit process. This is still the major market driver for the £ and a move up to challenge 1.37 to ...

Cable Update (GBPUSD)

image On the right side of Trumpy this time, price has exceeded my initial targets. I have taken advantage of this boost and closed out.

S&P500 Futures Talks & Ideas

This is exactly what I mean. . .case in point.

Cable Update (GBPUSD)

The price action on cable is almost entirely being dictated by the shift in the opinion polls on a daily basis but nobody on this thread seems to be paying attention to this. Cable is currently the strongest up trending major pair, having rallied ...

Cable Update (GBPUSD)

Ahead of the FOMC and Trumpy's deadline the SPX is looking interesting; 3133 is currently supported on the 1h chart. The news / tweet sell off yesterday quickly rallied back up. image The daily chart shows that price has so far failed to close ...

S&P500 Futures Talks & Ideas

Risk off mode so far this morning seemingly due to profit taking and caution ahead of Trumpy's 15th of December tariff deadline, also showing in Forex pairs. No doubt this uncertainty will be answered in the form of a tweet. If Trumpy is having a ...

S&P500 Futures Talks & Ideas

The direction of the GBP/USD this week and next will be determined by one event, the result of Thursday's general election. Johnson is currently ahead here by 10 points in the opinion polls, which if it happens would give him a majority to vote ...

Cable Update (GBPUSD)

BREXT and the UK Election Here is a brief summary of the current state of the GBP/USD in relation to the Brexit saga. image A . Enthusiasm builds over PM May's deal pushing pound up to 1.44 - the same level the pound traded at prior to Brexit. B . ...

Cable Update (GBPUSD)

NFP came in strong on Friday - looking for a follow through this week in the $ index. I will also be looking at how the pair reacts to noise from US data releases. As you say the downtrend is still intact which is at present the overriding factor in ...

Nearly Naked (Simple Trades)

NFP very strong at 266k massively above the estimated 181k. The weekly chart consequently formed a big hammer. image The SPX is racing ahead and looking very likely to continue north with 3200 in sight. I see one area of support at 3135 and the ...

S&P500 Futures Talks & Ideas

This counter trend scalp trade did not work, in hindsight the downward trend was strong with little in the way of pullbacks. There was little evidence to suggest this level would yield a reaction.

Nearly Naked (Simple Trades)

NZD/JPy entry short at resistance image

Nearly Naked (Simple Trades)

image Fade of NZD/USD from 61.8% Fib retrace and resistance. image

Nearly Naked (Simple Trades)

NFP came in at 266k, much stronger than the estimated 181k. Consequently the SPX has took off, with no good opportunity for entry. Notice the first minor pullback to the 23.8 % offers a chance to enter a move like this, but this is risky and only ...

S&P500 Futures Talks & Ideas