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British Pound Trading for Tuesday, February 12

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The March British Pound contract has fired 2 Day ROC Sell, 90-10 Low Continuation, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are mixed, but both the larger and more immediate trends are to lower prices. Odds favor further downside in today's early trading. Look for an opportunity to sell the break of yesterday's 1.5649 low with a stop just above the 1.5705 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2281 Hits

Follow-up to the February 7 Recommendation in the Australian Dollar

Thursday's trading in the Australian Dollar developed as forecast in Wednesday evening's post, resulting in some very profitable opportunities.  Register to get these forecasts delivered directly to your in-box at www.PatternTrapper.com.
To best use these free reports be sure to check out the On-Line Course.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2283 Hits

Australian Dollar Trading for Thursday, February 7

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The March Australian Dollar has fired 2 Day ROC Sell, Low Range Close, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The Low Range Close signal tells us that yesterday's late day weakness should carry on through to this morning's trading. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are mixed, but the more immediate trend is to lower prices. Odds favor further downside in today's early trading. Look for an opportunity to sell the break of yesterday's 1.0265 low with a stop just above the 1.0306 Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

3852 Hits

Follow-up to the February 5 Recommendation in the Nasdaq 100

Tuesday's trading in the Nasdaq 100 developed as forecast in Monday evening's post, resulting in some very profitable opportunities.  Register to get these forecasts delivered directly to your in-box at www.PatternTrapper.com.
To best use these free reports be sure to check out the On-Line Course.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2509 Hits

Nasdaq 100 Trading for Tuesday, February 5

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The March Nasdaq 100 contract has fired 2 Day ROC Sell, 90-10 Low Continuation & Reversal, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are mixed, but the larger trend is to higher prices. Odds favor continued downside in today's early trading. Look for an opportunity to sell the break of yesterday's 2709.00 low or even earlier if price demonstrates weakness below the 2726.50 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 2686.50 or the Extended Low Range Projection level of 2667.25 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low. The Momentum Pinball Buy signal tells us to assume an upside bias if the first hour high happens to be taken out.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

3518 Hits

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