We have been trying to get long of Cable for the last few days. On Friday our money management rules saw us scratch our first “go”, so no harm done there. Yesterday’s move down to 1.5143 stopped us out on our second attempt. Today we have once again suggested a long, which is small offside as we write.
Here is the chart …
We write Analysis on a daily basis for over 30 different markets each day. Sometimes a chart comes along that smacks us in the face and says “Buy” or “Sell”. This doesn’t mean there’s a trade to do, as the risk/reward has to be right, as well as the market conditions.
This morning we’ve had one such moment, when looking at …
FuturesTechs FX calls have had a good start to 2013 with net profits of 625 pips in January and 540 pips in February.
We recently held a Free 2 hour “Taster” Seminar introducing Candlesticks, hosted by Cantor Index, which some of you attended in Canary Wharf. It’s always nice to meet clients.
We will be organising another Seminar …
Trade Idea: Buy USDCHF @ 0.9400
Target 1: 0.9495
Target 2: 0.9595
Yesterday we suggested that 0.9400 would be a good place to get long USDCHF, a trade that served us well last week. This trade didn’t get done yesterday but we have got back here this morning so it’s time to get long!
0.9385 was resistance …
Yesterday’s FTSE Futures price action resulted in a powerful “Gravestone Doji” reversal pattern being posted on the Daily Chart.
If you’ve read “Candlestick Charts” by yours truly you’ll know this is a pattern with a Bearish implications matching it’s rather morbid sounding name. (If you haven’t read it you should click here and buy yourself a copy!).
A Gravestone Doji is a …
Last Friday we noticed this on the EURJPY Chart:
This Cross had sold off back to trend support, and was sitting right on this line. We got long, sending out to our clients the following:
BUY – 123.25
Stop – 122.75
Target 1 – 124.70
Target 2 – 126.65.
We felt at the time that 50 pips was worth risking …
Today’s Bund Analysis centered around a possible Head and Shoulders pattern that’s forming on the intra-day charts. So far this morning’s price action has seen a failure at the Neckline of this potential pattern.
Here’s the analysis we sent out pre the 7am open:
Yesterday morning we saw weakness from 143.10 to 142.54, but from here the bulls …
An insight into how we look at the markets here at FuturesTechs Mews…
Trade Set Up: Pivotal Intraday level and bottom of previous days Value Area holds as resistance twice in early trade setting Initial Balance. A break above this signalled a Long trade and has been on side since …
Our early morning Signals reports service is now up and running. This morning’s highest conviction call was a sell in GBPUSD at 1.6060, a trade which is yet to be triggered as early price action was a sell off to 1.6002. Below is the report, complete with Pros and Cons, Market Profile and Candlestick charts (with a brief line on …
The RBA cut rates 25 bps overnight and the Aussie has weakened against the US Dollar. What next for this currency pair? What do the charts say?
Market Profile and Candlesticks are the two main “building blocks” of our analysis here at FuturesTechs. Let’s look at these to give further clues as to futures direction for this pair.
The chart …