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Swiss Franc Trading for Wednesday, April 17

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.

To see how some of these trade setups will typically turn out Click Here.

 

The June Swiss Franc contract has fired 2 Day ROC Buy, 90-10 High Continuation, and Momentum Pinball Sell signals for today's trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) are mixed, but the more immediate trend is to higher prices. Odds favor continued upside in today's early trading. Look for an opportunity to get long on a break of yesterday's 1.0867 high with a stop just below the 1.0819 level of the Daily Pivot. Price strength above the DP may provide clues for earlier entry. The Momentum Pinball Sell signal, on the other hand, suggests we consider the short side if the first hour's low happens to be broken to the downside.

 

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

1879 Hits

S&P E-Mini Trading for Tuesday, April 16

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.

To see how some of these trade setups will typically turn out Click Here.

 

The June S&P E-Mini contract has fired 90-10 Low Continuation & Reversal, High Breakout Continuation Setup, and Momentum Pinball Buy signals for today's trading. 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 High Breakout Continuation Setup signal implies significant upside IF yesterday's 1583.00 high happens to be taken out. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) appear as if a short term cyclical top has just been marked, but the larger trend is to higher prices. Odds favor continued downside in today's early trading. Look for an opportunity to sell on a break of yesterday's 1538.75 low, or even earlier if price demonstrates weakness below the 1554.75 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 1520.75 or the Extended Low Range Projection level of 1503.75 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's 1538.75 low. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.

 

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

1857 Hits

T-Bond Trading for Monday, April 15

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.

To see how some of these trade setups will typically turn out Click Here.

 

The June T-Bond contract has fired 90-10 High Continuation & Reversal, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Low Breakout Continuation Setup signal implies significant downside IF Friday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low in today's trading is broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has just been marked, and both the larger and more immediate trends are to higher prices. Odds favor continued upside in today's early trading. Look for an opportunity to buy the break of Friday's 147-19 high, or even earlier if price can demonstrate strength above 147-03 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 resistance levels. Our Normal High Range Projection level of 148-08 or the Extended High Range Projection level of 148-26 would be likely areas for such a reversal to take place, as would a test and failure of Friday's high.

 

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

1863 Hits

Nasdaq 100 Trading for Thursday, April 11

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 June Nasdaq 100 contract has fired 90-10 High Continuation & Reversal, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low in today's trading is broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form, but both the larger and more immediate trends are to higher prices. Odds favor continued upside in today's early trading. Look for an opportunity to buy the break of yesterday's 2857.50 high, or even earlier if price can demonstrate strength above 2835.25 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 resistance levels. Our Normal High Range Projection level of 2884.75 or the Extended High Range Projection level of 2908.50 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's high.

 

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

1974 Hits

Australian Dollar Trading for Wednesday, April 10

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 June Australian Dollar contract has fired 90-10 High Continuation & Reversal and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked, and the larger trend is to higher prices. Odds favor continued upside in today's early trading. Look for an opportunity to buy the break of yesterday's 1.0455 high, or even earlier if price can demonstrate strength above 1.0418 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 resistance levels. Our Normal High Range Projection level of 1.0501 or the Extended High Range Projection level of 1.0541 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high. The Momentum Pinball Sell signal suggests we consider the short side if the first hour's low happens to be broken to the downside.

 

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

1807 Hits

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