The Advisor Weblog |
- Range bars ITC On Line
- Best pair to trade now II: EUR/USD
- Hourly perspective for US session
- Best pair to trade now:USD/JPY
- EUR/USD technical perspective
- ITC on line advance
- Majors’ sentiment for today
- Starting the day
| Posted: 16 Mar 2010 09:36 AM PDT I have been with Markus Heitkoeter and Kim Kramer Larson in a webinar, giving a short introduction to what the ITC on line will be. Many people asked there about the range bars, so here is the link for the MT4 setup. Enjoy! http://www.fxstreet.com/forum/showthread.php?t=53201
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| Best pair to trade now II: EUR/USD Posted: 16 Mar 2010 07:28 AM PDT Here is my second choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-16.v03.html
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| Hourly perspective for US session Posted: 16 Mar 2010 06:31 AM PDT Here is the hourly perspective updated for US session:
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| Best pair to trade now:USD/JPY Posted: 16 Mar 2010 04:59 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-16.v02.html
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| Posted: 16 Mar 2010 03:01 AM PDT The lack of trend and the consolidation stage continues extending in the pair, trapped in between the 50% and the 61.8% retracement of past 2009 bullish rally, since February 4th. What we can see in this chart is that attempts to break lower generated strong upside bounces, suggesting it won’t be easy to see the pair under 1.3480 easily. At this point, I see more technical chances of a break higher than lower in the pair, due to weekly charts rounded floor formation I posted a couple of days ago. Anyway, pair is now under 1.3700, testing the 20 SMA downside up. Momentum is bouncing in its mid 100 line, limiting the downside also, so we need to see the pair recover above 1.3710 to extend the rally with resistances today at 1.3750 and the 1.3790 area. Key support again lies a the 1.3640 zone. Break lower will likely put the pair under pressure and send it to test next strong support area, between 1.3580/1.3600.
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| Posted: 16 Mar 2010 02:20 AM PDT
Today, I will be holding a webinar, along with other ITC speakers, to let you all know who we are, and what’s the idea of this ITC on line that will take place next April 16th, 17th and 18th. If you want to meet as all, here is the schedule for the introductory webinars Tuesday March 16th: Markus Heitkoeter: 11 am EST / 15 GMT until 11:20 am EST / 15:20 GMT Wednesday March 17th: Rob Booker: 11 am EST / 15 GMT until 11:20 am EST / 15:20 GMT And if you want more info, just follow the link! http://www.fxstreet.com/search/contributors/authors/author.aspx?id=c283e690-4820-4226-97a4-d3e16b1df6b7
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| Posted: 16 Mar 2010 02:10 AM PDT Here is majors’ sentiment for today: Eur/Usd: Neutral Gbp/Usd: Bearish Usd/Chf: Slightly Bearish Usd/Jpy: Slightly Bullish Eur/Gbp: Bullish Eur/Jpy: Slightly Bullish Gbp/Jpy:Slightly Bullish
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| Posted: 16 Mar 2010 02:06 AM PDT Hi everyone, and welcome back! Almost no change for European majors during past Asian session, as market players take a step a side ahead of FOMC statement later today, and the results of the EU finance ministers’ meeting also today; this last, could bring some light about how they intend to solve, or not, the Greece’s debt problem. Pound hit an intraday low of 1.4975 with Frankfurt opening, yet bounce back to past American session close, around 1.5050. But again AUD and CAD are gaining ground against dollar, as gold and oil refuse to fall. Gold is back above $1110/oz, while oil keeps hovering around $ 80 per barrel. Seems we are going to have a quite busy day today, at least from the fundamental point of view; both major events, should bring no surprises : I don’t expect EU prime ministers to bailout Greece, as I don’t expect also FED to change their rates, or the tone of the statment. However I do expect both events to affect market. I will be around all day long so I will be giving you the advances of both. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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