Archive for December, 2009
More sideways movement for the index is coming for this Christmas week.
Not only are people’s minds on vacation mode at this point, but there are no leads for the market to pull itself to higher levels.
Although we are still bullish, we should note that the momentum for the PSEi is already decelerating. We should be [...]
AB=CD pattern on the 4-hour chart. Buy at 0.8965 which is 127% fib extension of BC and exactly at the support line (blue line).
Target: 0.9170 / 0.9315
Move your stop to breakeven on 60pips profit or when it hits 0.9050.
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses [...]
Once again the PSEi has broken the support line telling us that the index seems to be changing direction.
Although we are still bullish as seen in the moving averages, the PSEi seems to be tapering off in its ascent. As we said earlier, this is the third time that the index has broken the support [...]
My low stress trade was a fail but that doesn’t change my bias on USDJPY. I’m still long!
AB=CD on the monthly chart.
Entry on the 15-minute chart. Buy if the price closes above that blue line. It is important that you wait for the candle close. Target is at 90.75 and stop will be placed 5 pips below [...]
I’m calling a “low stress” buy trade on the USDJPY; We will be buying the breakout level at 88.3. Place your stop at 87.9, move stop to breakeven once it hits 89.5 or take your profits if you like.
Trade opened at 88.44
We started strong last week by shaking off the immediate effects of the Dubai mess. As other major markets were recovering, we continued to climb out of the Dubai hole.
However, this doesn’t mean that everything is already okay. We breached through the 3100 level briefly but the PSEi backed off that level by tumbling down [...]
AT Cebu: 2010 Market and Investors Outlook
Where: Waterfront Lahug
When: Dec 9, 2009 / 6pm
International and Local Market Analysis by Danny Go, CEO, Head Instructor and Analyst of Absolute Traders.
Fundamental Analysis by Roy King and Jaycob Yedra(Market Mirror)
Agricultural Sector Outlook by Antonio Tiu, CEO of Agrinurture Inc.(ANI)
ANI also aims to expand its nationwide supply chain sources [...]
Targets: 1.0095 / 1.0125 / 1.00225
Move stop to breakeven on 60 pips profit.
If it closes above that blue line, that’s another buy signal for me.
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading entails a considerable risk [...]
Just before the weekend, the whole financial world was dealt a new shock: Dubai sent feelers of a potential default causing global markets to panic on Thursday and into Friday. It’s like the subprime crisis all over again.
Due to this, initial reaction in the PSE was panic selling in the first 15 minutes. The selling [...]