Forex Trading Signal 05/26/09

Crazy Cat

Former FPA Special Consultant
Messages
753
Hey folks,

Here is the video:
05-26-2009.swf

We're seeing the risk aversion sentiment continue to weigh on markets, but we still haven't quite gotten that breakout lower yet to both fully confirm our outlook and accellerate things lower. The 875 level on the S&P 500 futures is the key level to watch while the 132 handle is the near term support to watch on the EUR/JPY. Please watch the video for a much more detailed look at EUR/USD, US equities and gold. Monday's German IFO came in lower than expected, but not low enough to hit our sell trigger, so the price action wasn't terribly strong. There are several news items due out Tuesday, but none are very tradable on currencies right now in my opinion. In the video I explain a bit about most of them and what they might bring to the table though. The next clearly tradable report is out Wednesday morning:

1000 Wednesday 5-27 US Existing Home Sales m/m (4.66M expected) - This indicator has performed quite well on the EUR/JPY when it hits a nice trigger.
If it comes out at 4.80M or higher, EUR/JPY should rally 50 pips or more
If it comes out at 4.52M or lower, EUR/JPY should sell off 50 pips or more

If anything unusual happens I'll send out a text signal Tuesday night to talk about it, otherwise this will just work as both Tuesday and Wednesday's signal.

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Sir Pipsalot
 

blackwidowfx

Private
Messages
22
Trading

Golg - SHORT at 952 take profit 933 stop 963

GBPUSD - SHORT 1.5830-5880 AREA stop 1.5955 take profit 1.5500
EURUSD - SHORT 1.3950 stop 1.4055 take profit 1.3735


Yes this is limit orders.
EURUSD short was executed at 1.3950, with stop loss 1.4055
GBPUSD got executed and STOPED OUT, on a side for now.
SHORT GOLD at 952.00 Stop at 963 target 940
 
Last edited:

blackwidowfx

Private
Messages
22
hey Black - is that EUR a limit order ?

Ive now set mine sell at 1.39802 + take profit at 1.39202
Yes this is limit orders.
EURUSD short was executed at 1.3950, with stop loss 1.4055
GBPUSD got executed and STOPED OUT, on a side for now.
SHORT GOLD at 952.00 Stop at 963 target 940
 
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