Market View 8th September 14
Monday September 08, 2014
The British Pound was stuck in a very narrow range during Friday's trading session. Once again, this resulted in one loosing trading.
The British Pound has gapped lower on the open of the overnight session buy 155 pips.
Market View - 5th Sept 14
Friday September 05, 2014
The British Pound moved sharply lower during Thursday's trading session. The market barely reacted to the BOE interest rate decision.Eventually, prices moved lower and went on to make a new lows.
Meanwhile the Dow made a new all-time high of 17,162, but failed to hold. To see more on this, see the Dow Market view.
To see more, view the video below.
Market View - 4th Sept 14
Thursday September 04, 2014
The British Pound barely moved at all during Wednesday's trading session. There was just one signal that resulted in a potential maximum loss of 35 pts. I wish the volatility would return to this market!
The Dow made a new all-time high yesterday, but in the pre-market session!
To see more, view the video below, or if you prefer, you can download the HD version above.
Market View 3rd September 14
Wednesday September 03, 2014
The British Pound moved lower during yesterday's trading session giving a 63 pip profit! After being quiet for so long, it was good to see the market actually moving!
The Dow has become modestly quiet, however, yesterday still produced some 60 pts profit also.
The Implied continues to indicate that another correction is on the cards too.
To see more, view the video below, or if you prefer, you can download the HD version above.
Market View 2nd September 14
Tuesday September 02, 2014
The British Pound continued to trade in a narrow range during Monday's session, which was due in part to the US markets being closed for the Labor Day celebrations.
As the Dow and all other stock markets make all-time highs, take a look at this article about the 'Spectre' of 1929 crash loom over FTSE 100 traders take on record debts.
This is a most compelling article and video. click here
Market View - 29th August 14
Friday August 29, 2014
The British Pound gave only one sell signal in both the 30 and 60 min chart during yesterday's trading session. Prices moved lower following the signal, but then reversed and moved higher. The best possible outcome on this trade was break even when prices reversed and headed back to the entry price late on in the evening.
The Dow moved lower in the pre-market session. Prices found support and then moved higher.
We had one losing trade of 16 pts, followed by a 35 pt winner.
To see more, view the video below, or if you prefer, you can download the HD version above.
Market View -28th August 14
Thursday August 28, 2014
The British Pound gave only one buy signal in both the 30 and 60 min chart during yesterday's trading session, neither of which were qualified.
The Dow was also quiet, but did manage a 20 pt profit until it found support at the 17,100 level.
To see more, view the video below, or if you prefer, you can download the HD version above.
Market View -27th August 14
Wednesday August 27, 2014
The British Pound gave a sell signal in the 30 min chart, which unfortunately was stopped out with a 17 pip loss in the early afternoon. However, shortly after, the 60 min chart produced another sell signal which went on to mitigate the earlier loss when prices traded down to the scalp level.
To see more, view the video below, or if you prefer, you can download the HD version above.
Market View - 26th Aug 14
Tuesday August 26, 2014
As the UK market was closed yesterday in observance of the late summer Bank Holiday, today's Market View is brief and to the point.
It's a quick overview where the market traded during yesterday's session and what's likely to happen today.
To see more, view the video below, or if you prefer, you can download the HD version above.
Market View - 22nd Aug 14
Friday August 22, 2014
The British Pound traded within a range of just 35 pips during Thursday's trading session. There were three signals, two of which were unqualified, with the third buy signal being filled. However, prices failed to move higher thereafter, resulting in a loss.
The Dow continues to move higher, as it continues to complete it's V-Shaped correction. The implied moved lower too.
Market View - 21st Aug 14
Thursday August 21, 2014
The British Pound moved sharply higher on the release of the MPC meeting minutes. It appears that two of the nine members voted for an increase in interest rates! This led to the buy signal in both the 30 and 60 min chart becoming a profit, with a maximum of 60 pips in the 30 min.
The Dow continues to move higher confirming a V-shaped correction. To find out more, take a look at the video below.
Market View - 20th Aug 14
Wednesday August 20, 2014
The British Pound moved sharply lower on yesterday's CPI figures. The 30 min chart gave a sell signal just after 7:00 a.m. Prices traded down to the scalp target just before the release of the 9:30 news item.
The Dow continues to move higher, heading back to the all time highs. The implied volatility has fallen out of bed, and it heading back to the 3rd July low.
Keep in mind we have the FOMC meeting this evening at 7:00 p.m.
Market View - 19th Aug 14
Tuesday August 19, 2014
The British Pound remains sideways resulting in three unqualified signals during yesterday's trading session.
Meanwhile the Dow moved higher once more, along with the implied moving lower.
To see more, take a look at the video below.
Market View - 18th Aug 14
Monday August 18, 2014
The British Pound remainder sideways on Friday. Even the forecasted 'UK Advanced GDP' figures couldn't break the market out of it's sideways trading range. I'm afraid it was just another boring and dreary sideways trading day.
Meanwhile, the Dow dropped 160 pts after Bloomberg reported that there had been fighting between Ukraine and Russia. If it was true to start with, it couldn't have been no more than a playground spat, as the Dow finished just 50 pts lower.
Market View - 15th Aug 14
Friday August 15, 2014
The British Pound gave a sell signal at 8:00 a.m. which turned out to be a 19 pip loser. The 60 min chart fared no better with the same sell signal being a 22 pip loser.
The narrow trading range continued during yesterday's session with a total of 39 pips. Boring is an understatement!
The Dow wasn't much better either with it too being fairly quite. Prices moved to the upside on fresh-air once more with no major selling coming into the market.
The implied volatility moved lower once again breaking the 10% support and also the 50% retracement, which indicates that prices could move higher in the short term.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View - 14th Aug 14
Thursday August 14, 2014
The British Pound moved sharply lower during yesterday's session after Carney's pronouncements about wage forecasts allowed the BOE to keep interest rates on hold! In my opinion, another pack of lies to divert attention from the real issue of having to print £200 million per day to cover the interest on the UK debt.
If you're printing one billion per week to cover the interest payment on the debt, the last thing you need is to increase interest rates. It's not rocket science. Expect new schemes and more excuses going forward from Carney to delay the inevitable increase in rates! Take it from me, it's not going to happen until it has to happen!
The Dow is defying gravity once more with prices moving higher. Prices are levitating back to the 62% retracement in the daily chart. Even more mystifying is the 1.31% drop in the implied volatility during yesterday's session! Very strange indeed!
To see more, take a look at the video below.
Market View - 13th Aug 14
Wednesday August 13, 2014
The British Pound moved higher during yesterday's trading session giving three buy signals, of which one was qualified and traded to the scalp line. The maximum profit in the trade was 28 pips.
The 60 min chart also gave a buy signal, which it too managed to trade to the scalp target.
Meanwhile in the Dow, another quiet day, with prices remaining sideways in the bigger picture.
To see more, take a look at the video below.
Market View - 12th Aug 14
Tuesday August 12, 2014
The British Pound started off moving higher offering a buy signal as it did on Friday. However, after qualifying, it reversed and moved lower only to be stopped out with a loss.
The market remains quiet, with the total range being only 22 pips for Monday's session.
The Dow was also subject to a narrow trading range of only 70 pts, so all in all a very quiet day.
To see more, take a look at the video below.
Market View - 11th Aug 14
Monday August 11, 2014
The British Pound started off moving higher offering a buy signal. This was qualified, but then the market had a change of heart and moved lower once again, giving a 15 pip loss.
The loss was followed by two sell signals, which both resulted in hitting the scalp.
Meanwhile the Dow reversed strongly on Friday, trading back up 185 pts.
To see more, take a look at the video below.
Market View - 8th Aug 14
Friday August 08, 2014
The British Pound moved lower with a sell signal, but the failed to move any lower, with prices rallying back to the 76% retracement before moving lower once again. It took the overnight market to move prices down to the scalp target.
The market remains boringly quiet at the moment.
Meanwhile the Dow also moved lower and traded down to the 16333 level.
To see more, take a look at the video below.
Market View - 7th Aug 14
Thursday August 07, 2014
The British Pound moved lower in the morning session, found some support then barely moved. The total range for the Pound during yesterday's session was a mere 50 pips.
The Dow didn't fare much better, with it too, trading in small narrow range. This was reflected in the implied which pulled back slightly during the yesterday's session too.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View - 6th Aug 14
Wednesday August 06, 2014
The British Pound started to move lower, and even gave a sell signal. However, this was short lived when prices found buying pressure and support at the 168.50 level.
The release of the Services PMI figures sent the market moving higher by 39 pips within one minute!
The Dow started off higher and then moved lower before the close. The implied moved higher in response to this, but don't expect a market bottom until the implied trades to 16%.
To see more, take a look at the video below.
Market View - 5th Aug 14
Tuesday August 05, 2014
The British Pound moved higher for the first time in twelve days! Prices found support at the 168.50 level.
The 60 min chart gave a buy signal that was filled, and traded to the 20 pip scalp. Unfortunately, the buy signal wasn't filled in the 30 min.
The Dow moved higher after finding support during Friday's session, with the implied moving lower.
To see more, take a look at the video below.
Market View 4th August 14
Monday August 04, 2014
The British Pound moved lower moved sharply lower on worse than expected Manufacturing figures. Prices remained sideways following this until the Non-Farm unemployment figures were released at 1:30 p.m.
The market didn't really react to this, and remainder sideways for the duration of the trading session.
The Dow found some support during Friday's session as prices held at the 62% retracement. The implied moved higher once more indicating and confirming we could have a potential bottom in place.
To see more, take a look at the video below.
Market View 1st Aug 14
Friday August 01, 2014
The British Pound moved lower during most of yesterday's trading session following a sell signal.
Prices traded down to the first profit, scalp target before finding support. No further buying was to be found, and with that prices resumed their downward move, offering a maximum of 41 pips.
Since recording the Dow Implied Volatility video, I have been talking about the coming correction in the Dow. It's now confirmed as we saw prices move lower by 317 points yesterday.
To see more, take a look at the video below.
Market View 31st 14
Thursday July 31, 2014
The British Pound moved lower during most of the trading session until the FOMC announcement at 7:00 p.m.
This gave the Pound a lift, albeit it a temporary one.
Meanwhile in the Dow, prices moved higher initially after the release of the Advanced GDP figures, before reality kicked in and they moved lower!
I also have a quick look at why this figure is utter nonsense, and show that even it were correct, the USA Public Sector debt to GDP ratio is at 84%!
To see more, take a look at the video below.
Market View 30th July 14
Wednesday July 30, 2014
The British Pound moved lower during yesterday's session giving a sell signal that hit the scalp target.
The Dow started off moving higher, but failed to hold on the highs. Prices then moved lower finishing just off the lows for the day.
To see more, take a look at the video below.
Market View 29th July 14
Tuesday July 29, 2014
The British Pound once again traded in a very quiet and narrow trading range of just 28 pips!
There were three trades, but not were qualified. Given the narrow range, I would prefer the trades were not qualified as such narrow ranges tend to result in unnecessary, and unwelcome losses.
The Dow traded lower at the start of the trading session, found support, then moved higher for the remainder of the session.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 28th July 14
Monday July 28, 2014
The British Pound traded at total range of 37 pips during Friday's trading session. A sell signal was given 8:30 a.m. which saw prices move lower and fill the order. After the order was filled, prices reversed, but failed to take out the stop loss.
Prices once again moved back down to the entry price, and remained there prior to the close of trade when they rallied slightly.
As the market wouldn't close below the entry price, the loss on this trade was calculated using 50% above the high of the 18:30 p.m. price bar, resulting in a small loss of 5 pips.
The Dow showed a bit more volatility with prices moving sharply lower, and finishing the day down 123 points.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
28
Market View - 25th July 14
Friday July 25, 2014
The British Pound moved lower on poor retail results released into the market at 09:30hrs.
The trading range increased to 87 pips during yesterday's trading session. Let's hope this is a sign of things to come.
The Dow had a second day so 37 points! Hopefully today the market will breakout of this sideways move.
To see more, take a look at the video below.
Market View 24th July 14
Thursday July 24, 2014
The British Pound remains in a sideways range. Prices have continued the slow grind to the downside, breaking the 170.50 support.
There was a potential buy signal, but this wasn't filled until the high impact MPC vote was released into the market. This gave a temporary lift to the Pound, before it stopped and reversed.
The second signal was a sell, which was filled and moved lower giving a maximum of 10 pips profit before the Carney spoke at 12:45 p.m. As I said in yesterday's video, you don't want to be in when there's BOE news items, and in particular a speech from Carney. However, whatever he said had little impact on the market as prices reverted back to a narrow trading range.
The Dow too had a lacklustre trading session, only managing a range of 37 pts!
To see more, take a look at the video below.
Market View 23rd July 14
Wednesday July 23, 2014
The British Pound remained in its sideways trading range during yesterday's trading session. The total range for yesterday was a measly 41 pips!
We had a sell signal at 2:30 p.m. which resulted in a 6 pip loss after the market found support at the previous day's low, the S1 support, and the psychological 1.7050 level.
The Dow moved higher, which is of no surprise really. Expect a close above the recent high today!
To see more, take a look at the video below.
Market View 22nd July 14
Tuesday July 22, 2014
The British Pound trading range for yesterday was a shocking and quiet 48 pips! Hopefully today, things will improve.
The sideways trading action wasn't just confined to the British Pound. Even the Dow's range was sideways with prices trading inside of the price range of Friday's session.
The volume figures were also released for Friday, and showed the market had once again moved higher on 'fresh air'.
To see more, take a look at the video below.
Market View 21st July 14
Monday July 21, 2014
The British Pound traded traded lower during both Thursday and Friday's trading session. There were no signals in the 30 min chart, however, the 60 min did provide two successful sell signals.
The Dow moved sharply lower on Thursday following the tragic and appalling news that the Malaysian flight MH17 was shot down over the Ukraine / Russian border, and yet on Friday, the market reacted as if nothing had happened with the Dow regaining 76% of the previous day's losses! Incredible!
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 17th July 14
Thursday July 17, 2014
The British Pound traded managed to trade in a range of just 38 pips during yesterday's trading session. This is possibly one of the smallest trading ranges I have ever seen.
Meanwhile, the Dow too was quiet for the first half of the trading session, it too trading in a narrow range. However, before the close, prices moved higher closing up 77 pts, at 17,138
To see more, take a look at the video below.
Market View 16th July 14
Wednesday July 16, 2014
The British Pound moved higher on worse than expected inflation figures during yesterday's trading session. This sent the Pound moving higher immediately they were released, with prices stopping at the previous day's high.
Following the initial move, the market moved sideways to higher for the remainder of the session before finding selling coming into the market.
The Dow traded in a narrow range during yesterday's session as Yellen testified before Treasury Select Committee.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 15th July 14
Tuesday July 15, 2014
The British Pound gave two sell signals during Monday's trading session. Unfortunately, both of these ended in losses as the market couldn't make its mind up on which direction to go. Every so often days like this turn up, and there's not a lot we can do about it. As there were no MAJOR economic news out on Monday, the market was moved around by the big money. First to the upside, and then eventually moving lower to the downside closing below the 1.71 psychological level.
The Dow was a different story, and as I said in yesterday's 'Market View', if this was to move higher watch out for the 76% retracement and the recent all-time high. The Dow traded through both of these during yesterday's session, closing above the 76% retracement level, but failing to close above the historic high of 17.074 which was made on the 3rd July 14.
I will be looking for new professional buying to confirm this move. In the absence of this, I will be looking for some for of potential weakness for a possible sell in this market.
To see more, take a look at the video below.
Market View 14th July 14
Monday July 14, 2014
The British Pound gave a sell signal during Friday's trading session. This was filled, but prices hit a brick wall at 1.7150. After attempting to trade through this three times, the market reversed and moved lower resulting in a 9 pip loss!
Meanwhile in New York, the Dow moved higher after the shakeout earlier in the week. I'm looking for prices to fail at the 76% retracement (17,010) area for a sell. Failure to do this, will see prices more than likely retest the recent, and all-time high of 17,074.
To see more, take a look at the video below.
Market View 11th July 14
Friday July 11, 2014
A sell signal was generated at 7:30 a.m. in the 30 min chart. Prices traded lower, hitting the 20 pip scalp just after 10:00 a.m. Prices rebounded following the BOE decision to leave interest rates unchanged once again.
The Dow moved lower in the early morning session on banking problems in Portugal. However, as it is so important to keep this bubble alive at the moment, the Dow rallied all afternoon to regain 70% of the losses.
To see more, take a look at the video below.
Market View 10th July 14
Thursday July 10, 2014
The British Pound gave us a potential of 40 pips during yesterday's trading session. The first trade was a sell, and after prices found support at 1.71, they reversed and moved higher giving a buy signal. Both signals traded to their respective 20 pip profit targets.
Meanwhile, the Dow returned back to the upside following Tuesday's down day on low volume. The FOMC meeting minutes were seen as positive (of course they were) resulting in higher prices.
To see more, take a look at the video below.
Market View 9th July 14
Wednesday July 09, 2014
The British Pound lower on the lower than forecast GBP manufacturing figures during yesterday's session. These lower than forecast figures were used to shake the weak longs out of their positions. However, once the market had absorbed the news, prices were able to trade back to where they had originally started. I talk about this in more detail in today's Market View.
The Dow dropped 117 points during yesterday's session. However, I don't believe this is the start of the correction just yet as the FOMC is going to release its latest minutes this evening at 19:00 hrs. Again, I elaborate upon this in today's Market View.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Mar
Market View 8th July 14
Tuesday July 08, 2014
The British Pound moved lower giving a maximum 28 pip profit during yesterday's trading session.
The Pound remains within a very narrow trading range, and had done so for the last five trading days.
Meanwhile the Dow too was very quiet during yesterday's session. However the implied volatility has moved higher off the historic low from Friday!
To see more, take a look at the video below.
Market View 7th July 14
Monday July 07, 2014
Today's 'Market View' takes a quick look at the markets following the close of the US markets on Friday.
To see more, take a look at the video below.
Market View 3rd July 14
Thursday July 03, 2014
Just in case you don't know, the US markets will be trading a half day session today, and will be closed ALL day tomorrow for the Independence Day celebrations.
Looking at the markets, it would appear most have already left for the celebrations as the British Pound only managed a 38 pip range yesterday.
The Dow didn't do much better either, posting 36 point range too. The lack of activity pushed the Implied Volatility down to new lows too. As I had said before, the lower the IV the bigger the correction is likely to be.
To see more, take a look at the video below.
Market View 2nd July 14
Wednesday July 02, 2014
The Pound moved higher yesterday on just one economic news item. The UK Manufacturing PMI came out better than forecast moving prices higher by 50 pips in one bar! Prices traded straight up to the 171.50 level, and remained there for the remainder of the trading session.
Meanwhile the Dow moved higher, making a new all-time high when prices traded up to 16998. The up move saw the implied move lower, but failing to make another historic low. A close above the 17,000 level is required if prices are to move higher. We are now trading in no man's land, and it begs the question, "How much higher can this market go, when the volatility is so low?"
To see more, take a look at the video below.
Market View - 1st July 14
Tuesday July 01, 2014
The Pound's traded higher during Monday's trading session, breaking out of the 1.750 resistance and on to the 1.71 level. This is the highest the Pound has traded to since 2008. The next upside target, should prices continue to move higher is at the 1.79 level.
The Dow traded one of the narrowest trading sessions for some time, with the implied trading sideways during yesterday's session after making new historic lows during Friday's session. When volatility trades to these levels, it's simply a matter of time before something happens, and the market breaks.
To see more, take a look at the video below.
Market View 30th June 14
Monday June 30, 2014
Thursday - 30th June 14 download HD Version - 16 mb - 6 mins The Pound's trading range for Friday 27th June was a mere 35 pips! The volatility continues to decline to record lows in this and the Dow!
When volatility trades to these levels, it's simply a matter of time before something happens, and the market breaks.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Mar
Market View 27th June 14
Friday June 27, 2014
The Pound traded remains in a sideways trading range. Yesterday's trading resulted in three trades, two losing, and one winning. Unfortunately, the winning traded conceded with Carney's pronouncements at 10:30 a.m. As I said in yesterday's 'Market View' it would be unwise to be in the market when he speaks, as he's so vague and indecisive about when to raise rates, anything could and can happen.
Meanwhile the Dow opened and traded down 140 pts before the buying came back in and the market turned around and moved back to the upside. The implied and historic volatility has moved lower once again, with the historical headed down to the August low of last year.
To see more, take a look at the video below.
Market View 26th June 14
Thursday June 26, 2014
The Pound traded in a narrow range during yesterday's session of only 50 pips.
The US GDP figures came out much lower than forecast, in fact, the worse since 2009 and yet the market barely reacted to it. This isn't normal, and there seems to bee a total disconnect from the reality of what's going on. I cover this in detail in today's 'Market View'.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 25th June 14
Wednesday June 25, 2014
The Pound traded lower during yesterday's session after Mark Carney's vagueness over when he intends to increase interest rates. Even MP's are now saying he's like an unreliable boyfriend, who, one day is cold and another day hot! I couldn't agree more. He's forever changing his mind with regards to economic policy, and is purely a delaying tactic.
What most people don't realise, the prospect of higher rates impacts on the Government too as the interest on the UK national debt is now in excess of 1 billion Pounds per week. See more
here
The Dow implied has started to increase, and it looks like we could be on the cusp of a correction in the market. However, this will depend on the Actual US GDP figures to be released today at 13:30 BST.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View - 24th June 14
Tuesday June 24, 2014
The Pound traded sideways during Monday's trading session. The market remains quiet, and only traded a fifty pip range during yesterday's session.
The Dow was quiet too, but displayed the normal pattern of opening, trading lower, then finding support before moving higher for the remainder of the trading session.
To see more, take a look at the video below.
Market View 23rd June 14
Monday June 23, 2014
The Pound traded back through the $1.70 giving a sell signal. Prices continued to moved lower during the whole of Friday's session, managing to off 27 pips of profit. It's not exciting, but it's certainly better than a loss!
Meanwhile, the Dow implied has fallen to a new record low again, down to 8.40%! This is a new record low for the implied!
To see more, take a look at the video below.
Mar
Market View - 20th June 14
Friday June 20, 2014
The Pound traded through the $1.70 and continued up to $1.750 before finding some resistance at this psychological level.
Meanwhile, the Dow implied has fallen to a new record low! This is starting to look very exciting, how much longer can this insanity continue!
To see more, take a look at the video below.
Market View 19th June 14
Thursday June 19, 2014
The Pound traded back to the $1.70 level once again yesterday after the release of the FOMC minutes! This level needs to be taken out if the Pound is to move higher.
On the Dow front, it too moved higher after Yellen said that she sees the US economic climate improving. I will say no more! The Dow implied has now moved lower to historic lows to 8.46%. In 24 years of trading, I have never seen this before, this new ground and unprecedented. Is this the new norm, or is the market setting up for the biggest crash ever seen in modern times?
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 18th June 14
Wednesday June 18, 2014
The Pound traded a total range of 50 pips during yesterday's trading session. Even the better than expected CPI figures were not enough to move prices out of their sideways trading range.
There were two potential sell signals, neither of which were filled. The evening session was stuck in an even narrower range of just 15 pips.
The Dow moved higher on bad news, which seems to be the norm now, along with the Implied moving back below the 10% level.
There is a raft of economic news items to be released today, but the market is going to be waiting for the FOMC minutes out this evening, and then the press conference from the Fed Chair Yellen.
To see more, take a look at the video below.
Market View 17th June 14
Tuesday June 17, 2014
The Pound traded through the $1.70 resistance, (five year high) but failed to hold after the selling came into the market.
This is a classic 'suck the weak trader in' manoeuvre by the professional traders.
Prices traded lower for the remainder of the morning before moving higher once more. A buy signal was given, but unfortunately, once again, the selling returned to the market, and prices moved lower resulting in a 10 pip loss.
The Dow also shows an interesting picture, as prices attempt to move higher once more, and I conclude with a look at the 29.1 trillion of Public Sector money, from 162 countries that's currently holding the equity market at the all-time highs. See more
here
To see more, take a look at the video below.
Market View 16th June 14
Monday June 16, 2014
The Pound found a huge amount of support at the 1.6950 area on during Friday's trading session.
There was one sell signal which breached this, only to find new buying return to the market and drive prices higher once more.
The Pound is heading for the 1.70 psychological level and needs to take this out convincingly if prices are to move higher.
To see more, take a look at the video below.
Market View 13th June 14
Friday June 13, 2014
The Pound traded sideways during the day session. However, this all changed in the evening when BOE Mark Carney hinted that rate rises are likely to be sooner, rather than later! This sent the Pound up 60 plus pips during 30 mins.
The prospect of a rate rise moved the Dow lower, for a second consecutive day, but saw prices finding support before the close.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View - 12th June 14
Thursday June 12, 2014
The Pound moved higher after yesterday's latest unemployment figures showed another decrease, down to 6.6%.
The Pound gave a signal at 4:00 p.m. Prices following moved higher filling the order, then traded on to the 76% drawn up in yesterday morning's 'Market View'. Prices stopped, reversed and came straight back through the psychological 1.68 level.
The Dow moved lower during yesterday's trading session for the first time since the 20th May! To see more, take a look at the video below.
Market View 11th June 14
Wednesday June 11, 2014
Wednesday - 11th June 14 download HD Version - 50 mb - 15 mins
The Pound moved lower during yesterday's trading session following a sell signal. Prices continued lower throughout the trading session offering a 39 pip profit.
I spend the remainder the of today's Market View looking at the Dow implied, and also the FTSE 100. Following a question I received yesterday, I also look at how to play the coming market correction!
I finish off by looking at the Fed's Stress Index, and how this is giving the glaring picture that we are long overdue for a correction in the market.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 10th June 14
Tuesday June 10, 2014
The Pound moved lower during yesterday's trading session following a sell signal with a maximum of 19 pips. Prices then found support, reversed and retraced back 50% of the down move.
Meanwhile, the Dow made a new record high during yesterday's trading session, with the implied starting to define a sideways trading range.
I also had a look at the Dow monthly and daily chart so you can see how unnatural and unhealthy this move is!
The Dow is rising on low volume and after watching last Friday's Keiser Report I soon found out why! Corporations are buying back their own stock in exchange for junk bonds!. This is a fascinating episode which you can watch from this
link!
I finish of by giving you two other news website, that in my opinion give the real news, and not the propaganda that his spewed out by the 24hr business news channels. They are
www.zerohedge.com and
www.testosteronepit.com
To see more, take a look at the video below.
Market View 9th June 14
Monday June 09, 2014
The Pound moved higher during Friday's trading session until the Non-Farm Payroll figures were released into the market.
Pries moved sharply lower on the news, but then found support at the Daily Pivot level before moving up a few pips before the close of trade.
The Dow Implied moved lower during Friday's session as the Dow moved higher once again. A new record low in the Implied looks to be set this week. Remember, the lower the Implied, the bigger the correction.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 6th June 14
Friday June 06, 2014
The Pound moved higher during Friday's trading session after the EU reduced the Bank Rate by 0.1. This had bullish impact on stock prices too, seeing the Dow move higher by 98 pts during the afternoon session.
We also take a look at the IV's reaction to yesterday's rise in the Dow, along with looking at the monthly chart of the Dow's price action over the last ten years!
To see more, take a look at the video below.
Market View 5th June 14
Thursday June 05, 2014
The Pound remained sideways during yesterday's trading session. Prices are stuck within a maximum 100 pip trading range. However, that said, today we could see some lively activity, as the Eurozone Bank rate is forecast to be lowered. This announcement is to be released at 12:45 p.m. Make sure you're not in the market when this is released, just in case!
To see more, take a look at the video below.
Market View 4th June 14
Wednesday June 04, 2014
Another quiet day at the office for the GBP/USD yesterday. Today see's the start of the G7 meeting, so this should liven thing up a bit. Well here's hoping it will!
To see more, take a look at the video below.
Market View 3rd June 14
Tuesday June 03, 2014
The GBP was extremely quiet during yesterday's trading session, trading in only a 37 pip range! Fingers crossed, things improve today! To see more, take a look at the video below
Market View 2nd June 14
Monday June 02, 2014
The GBP gave three signals on Friday, two of which failed to fill. The third, a buy signal, faded higher, but only managed to trade to the first profit scalp of 20 pips. Trailing the stop for the bigger move resulted in only a 9 pip profit.
On the Dow front, the implied moved lower again during Friday's session at 9.09, but remains above the recent low of the 23rd May low of 9.02. I have never seen the IV mean this low! There's a big correction coming!
To see more, take a look at the video below
Market View 30th May 14
Friday May 30, 2014
The GBP trading in a range of only 48 pips during yesterday's trading session. A buy signal was given, but failed to move beyond the entry price after being filled.
I also take a look at the Dow implied, which remains in the low, and a chart from Merrill Lynch Bank of America which shows the institutions are currently selling their holding to the general public.
To see more, take a look at the video below.
Market View 29th May 14
Thursday May 29, 2014
The GBP traded lower by 100 pips during yesterday's trading session. The market moved lower all day once again, offering a maximum of 83 pips.
To see more, take a look at the video below.
Market View 28th May 14
Wednesday May 28, 2014
The GBP traded lower by 71 pips during yesterday's trading session. The market moved lower all day, offering a maximum of 58 pips.
I also discuss the new low in the Dow Implied volatility, and also add in the gold and silver index as there's a very interesting picture building there!
To see more, take a look at the video below.
Market View 27th May 14
Tuesday May 27, 2014
The GBP traded sideways during yesterday's trading session. Both the UK and US were closed in observance of Public holidays.
Today's 'Market View' takes a quick look at what to expect today, with the release of a couple of economic news items, and the ECB Chairman speaking at 2:30 p.m.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 23rd May 14
Friday May 23, 2014
The GBP moved higher ahead of the GDP figures. When these were released, the market took a dive, and moved lower to 168.50. This is where the market has remained ever since trading in a very narrow range during yesterday afternoon, and the overnight market.
Today sees only two pieces of economic news, and then on Monday the market will trade limited hours!
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 22nd May 14
Thursday May 22, 2014
The GBP initially moved higher on the Monetary Policy news then stalled at $1.69. Prices moved lower for the remainder of the morning and afternoon session, offering a maximum of 19 pips before the FOMC announcement.
Half an hour later, a buy signal was produced, and prices moved higher for a couple of hours, this time the maximum profit on the trade was 16 pips.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 21st May 14
Wednesday May 21, 2014
The GBP remains sideways and in the bigger picture. Yesterday saw prices move lower with a sell signal, only to reverse and give a buy signal. The loss on the first trade was 14 pips, followed by a 30 pip move before the release of the CPI figures.
The remainder of the day, prices were range bound.
To see more, take a look at the video below.
Market View 20th May 14
Tuesday May 20, 2014
We had two losing trades, and one at break-even during yesterday's very quiet trading session. In fact, the total range of the GBP/USD was a mere 40 pips!
I have received a question about trading the CASH Dow with GKFX. Not a problem, the code is WS30SB, but first of all you will need to add the symbol to TUFXP Charts! See the latter part of today's 'Market View' on how to do this.
To see more, take a look at the video below.
Market View 19th May 14
Monday May 19, 2014
We had two trades on Friday, the first one was a small loss, followed by a potential 30 pip profit immediately after.
To see more, take a look at the video below.Mark
Market View 16th May 14
Friday May 16, 2014
The Pound traded higher after the release of the US unemployment figures. A buy signal appeared on the chart, and prices following filled this order. It took another hour before the first profit target was hit (scalp, Daily Pivot) which also coincided with the psychological level of $168.00.
To see more, take a look at the video below.
Market View 15th May 14
Thursday May 15, 2014
The Pound traded uncannily lower during Wednesday's trading session after the unemployment figures came out better than forecast! To make matters worse, prices continued lower when Carney spoke, and told the market he wouldn't be increasing interest rates any time soon. There must be an election next year!
Carney is back tracking on a statement he made last August when he said he would consider raising rates if the unemployment rate dropped below 7%! It came out at 6.8% yesterday! No rate increase!
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 14th May 14
Wednesday May 14, 2014
The Pound traded lower during Tuesday's trading session offering a potential profit of 39 plus points. Prices have found support, and look set to move higher, that is of course so long as the unemployment figures, which are to be released today are good!
Watch out for the BOE Chairman Carney speaking at 10:30 a.m. too. If he mentions interest rates, there could be quite a bit of volatility!
To see more, take a look at the video below.
Market View 13th May 14
Tuesday May 13, 2014
The Pound traded higher, but found resistance at 1.69 before retracing 50% of it's move. Prices have remained sideways on the overnight session.
Hopefully, the markets will move a bit more today once the German ZEW figures are released at 10:00 a.m., and the US Retail Sales at 1:30 p.m.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 12th May 14
Monday May 12, 2014
The Pound traded lower during Friday's trading session, offering a potential profit of fifty pips
. Prices have found support at the 168.50 level.There are no 'High' impact news items today, so the market could be choppy! If not, it's likely to trade in one direction, which will only be determined once it starts to move!
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 9th May 14
Friday May 09, 2014
The Pound traded sideways to lower during yesterday's trading session, with a very narrow range of only 42 pips.
The Pound remains in a bull market and is heading back towards the pre-crash $2.00 high of 2008 in the longer term.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 8h May 14
Thursday May 08, 2014
The Pound traded sideways to lower during yesterday's trading session, offering a modest profit of 16 pips prior to Yellen's testimony at 3:00 p.m.
Today sees the release of quite a few economic news items during lunchtime. The Pound is in a bull market and is heading back towards the pre-crash $2.00 high of 2008.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 7h May 14
Wednesday May 07, 2014
The Pound broke out of the sideways trading range during yesterday's trading session moving higher.
Prices traded with 5 pips of the multi-year high of $1.70 before finding some profit taking.
The Pound is in a bull market and is heading back towards the pre-crash $2.00 high of 2008.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 6h May 14
Tuesday May 06, 2014
The Pound traded sideways during yesterday's Bank Holiday trading session.
The Pound remains in an up trend, and is heading back to the multi year highs. However, any up trend is subject to a shakeout, (sharp sell off), so keep this in mind.
The non-Farm payroll figures showed this type of price action during Friday's trading session after first giving us a 20 pip profit before their release.
To see more, take a look at the video below.
Market View 2nd May 14
Friday May 02, 2014
The Pound traded above the 1.69 level during yesterday's trading session, but failed to hold following the Manufacturing figures released at 9:30 a.m.The remainder of the day saw prices trade sideways to lower.
Watch out for the US Non-Farm Payroll figures at 1:30 p.m. The market will be lively!
To see more, take a look at the video below.
Market View 1st May 14
Thursday May 01, 2014
The Pound has broken through the 1.6821, but found resistance at the psychological resistance 1.6900, where prices retreated from it. To see more, take a look at the video below.
Market View 30th April 14
Wednesday April 30, 2014
The Pound remains sideways, trading in a narrow 50 pip range. This type of pattern is the calm before the storm, and so once it breaks we can expect some really good moves of a 100 plus pips!
To see more, take a look at the video belo.
Market View 29th April 14
Tuesday April 29, 2014
The Pound broke through the resistance at 168.21, but failed to hold. The 30 min chart gave us a 30 pip profit during the early part of the morning session before giving it all back in the afternoon.
To see more, take a look at the video below.
Market View - 28th April 14
Monday April 28, 2014
The Pound remains sideways, stuck in a 50 pip range, however, the market did manage to move lower and offer meagre 12 pips for Friday's trading session.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 25th April 14
Friday April 25, 2014
The Pound remains sideways, stuck in a 47 pip range for yesterday. The narrow trading range has carried over into the overnight market with a range of only 13 pips! In 23 years of trading, I have never seen such low volatility!
One thing I do know, when this breaks, the moves are gong to be great, so hang in there, it will be worth it.
To see more, take a look at the video below.
Market View 24th April 14
Thursday April 24, 2014
The Pound painfully lower during yesterday's trading session to produce a profit of 40 pips! I cover the trade in detail in the first part of today's Market View.
Following this, I move on to have a look at the 'Daily Chart'. It's becoming evident that the market is becoming sideways, and no doubt this is in part to both the Easter break, but more important, the continuing Geo Political issues, i.e. Syria and Ukraine.
To see more, take a look at the video below, or if you prefer the high resolution version, you can download this from the link above.
Market View 23rd April 14
Wednesday April 23, 2014
The Pound through the 168.21, but failed to close above it during yesterday's trading session.
There's are a few more economic news item today, which should help the market to breakout of the side ways range it's currently trading in.
Market View 22nd April 14
Tuesday April 22, 2014
The Pound traded higher, then ran out of steam during yesterday's Easter Bank holiday trading session.
The market took a look at the current major resistance of 168.21, but failed to break this.
There's only one economic news item today, which is the New Homes data from the US. Expect this to have been manipulated and cooked to show an improvement.
For more information, including today's potential down side profit targets, take a look at the Youtube video below.
Market View 17th April 14
Thursday April 17, 2014
The Pound has managed to break through the 1.6821 resistance in the Daily chart, during the overnight trading session.
The next upside target, should prices continue to move higher will be at 1.7000, which was achieved in July 08. This is an important level, as this coincides with 'Credit Crunch' and banking crisis.
There are only a couple of economic news items to be released today. Both of these are in the US. The first is the 'Weekly' unemployment figures, the second, PPI.
It's hard to predict what the market will do today, given that tomorrow sees the start of the Easter celebrations with Good Friday, and all markets being closed.
Market View 16th April 14
Wednesday April 16, 2014
Today's 'Market View' is once again brief. We start off by looking at the 'Daily Chart', where we see the market traded down to the 76% retracement in the daily chart, and then moved higher on the fiddle and massaged CPI figures.
There was a quick 20 pip before the release of the news item which was most welcome.
Following the market's reaction to the release of the CPI figure it spent the rest of the day in a sideways movement, indicative of a market's action prior to a National holiday!
To see more, you can view the video below.
Market View 15th April 14
Tuesday April 15, 2014
Today's 'Market View' is once again brief. We start off by looking at the 'Daily Chart', where it's confirmed that the market is very quiet in the run up to the Easter weekend. However, that said, today sees the release of the CPI figures for both the UK (09:30) and US (13:30). Yellen is also to speak later on this afternoon at 14:45. I made a mistake in the 'Market View' and said it was fifteen minutes after the US release their CPI figures, it's actually one hour and fifteen minutes later!
To see more, you can view the video below, or download the HD version above.
Market View 14th April 14
Monday April 14, 2014
Today's 'Market View' is brief and to the point as the market is very quiet. I have added in potential profit targets for you in the 'Daily Chart', and discussed the release of today's news items.
To see more, you can view the video below, or download the HD version above.
Market View 11th April 14
Friday April 11, 2014
In today's 'Market View' we look at yesterday's narrow trading range in the 'Daily Chart' and use this to establish where the market is likely to trade to should prices move higher or lower.
There was only one trade yesterday in the 30 min chart, which coincided with the release of the BOE interest rate statement, and therefore was invalid. Let's hope things pick up a little today. You can see more in today's video just below.
Market View 10th April 14
Thursday April 10, 2014
In today's 'Market View' we look at yesterday's market reaction the FOMC statement from Yellen. The intra-day was quiet, and gave us one losing trade. I remind you of how you can mitigate the initial risk, by showing you how to read the price action that follows the entry of the trade, and whether it's likely to be a successful trade or not.
Market View 9th April 14
Wednesday April 09, 2014
Today's Market View starts off by looking at how I took 100 plus pips out of the market during yesterday's move. I show you step by step how I held this trade, and managed it over a nine hour period.
I show you how I was able to forecast where the market was likely to stop using the 'Daily Chart' and then how I managed the trade using the red candles (sign of weakness) int he 30 min chart.
You can see more in the video below.
Market View 8th April 14
Tuesday April 08, 2014
Today's Market View starts off by looking at the longer term profit targets in the 'Daily Chart', and then followed by an in-depth look at where you could have adjusted your stop so as not to have been stopped out prematurely. To find out more, see the video below.
Market View 7th April 14
Monday April 07, 2014
Monday - 7th April 14 download HD Version - 10 mb - 6 minsToday's Market View starts off by looking at the longer term profit targets in the 'Daily Chart', and then followed by a recap of Friday's trading session, and the impact of the Non Farm Payroll figures had when released into the market.
Market View 4th April 14
Friday April 04, 2014
Friday - 4th April 14 download HD Version - 23 mb - 15 minsToday's 'Market View' is a long one, as I wanted to spend some time showing you how powerful how I used the Fib lines I drew on the 'Daily Chart' in yesterday's 'Market View'.
I recorded yesterday's price action and show, in real-time and just want to reinforce how good they are, and more importantly, how you can use them to squeeze the last few pips out of a trade. Being able to predict where the market will trade to using this simple technique after a PTP signal is how you really get a 'trading edge'. To find out more, watch the video below, or download the HD version above!
Market View 3rd April 14
Thursday April 03, 2014
I introduce today's "Market View' as Wednesday, and not Thursday! Whoops!
In today's 'Market View', I start off by looking at the 'Daily Chart' and discuss the merits of rolling fibs to assess where the market is likely to trade to.
I also look at yesterday's 24 pip profit on a buy trade and the rationale as to why you would have taken the profits off the table in this trade, and not let it continue. To find out more, see the video below.
Market View 2nd April 14
Wednesday April 02, 2014
In today's 'Market View', I start off by looking at the 'Daily Chart' and discuss the merits of rolling fibs to assess where the market is likely to trade to.
I also cover the 33 pip sell trade given in the 30 min chart during yesterday's trading session.
To find out more, take a look at the video below.
Market View 1st April 14
Tuesday April 01, 2014
In today's 'Market View', I start off by looking at the 'Daily Chart' and plot all of the potential profit targets for a market mover, either to the up or downside.
I also show why the two losing trades in the 30 min trade failed. It's important to know why something didn't work. As I always say, winning trades take care of themselves.I also the market's current narrow trading days!
To see more, take a look at the video below.
Market View 31st March 14
Monday March 31, 2014
In today's 'Market View', I start off by looking at the 'Daily Chart' and plot all of the potential profit targets for a market mover, either to the up or downside.
We also review Friday's trading session in the 30 min chart, and conclude with a look at today's 'Economic News Items'.
The Market View
Friday March 28, 2014
In today's 'Market View', I spend the first six minutes showing you a technique for staying in a trade for the longer term, and allowing the market to tell you what to do, as apposed to second-guessing what the market will do.
Following this, discuss the current profit targets in the Daily Chart, and look at yesterday's price action, plus a lot more in the video below.
Market View - 27th March 14
Thursday March 27, 2014
The British Pound traded higher during yesterday's trading session, offering a 40 pip trade. Prices have traded sideways on the overnight market. I have marked up the potential profit areas in today's 'Market View' should prices move higher or lower!
I have also received a request, asking me what are the default setting that I use, so I cover this in the first part of the video.
To see more, view today's 'Market View' below.
Market View - 27th March 14
Thursday March 27, 2014
The British Pound traded higher during yesterday's trading session, offering a 40 pip trade. Prices have traded sideways on the overnight market. I have marked up the potential profit areas in today's 'Market View' should prices move higher or lower!
I have also received a request, asking me what are the default setting that I use, so I cover this in the first part of the video.
To see more, view today's 'Market View' below.
Market View 26th March 14
Wednesday March 26, 2014
The British Pound traded sideways until the CPI figures were released at 9:30 a.m. Prices didn't really react to the drop in inflation like I thought they would. In fact, if the market hadn't been so quiet beforehand, you wouldn't have noticed it.
An hour later, and prices started to move higher. To see more, watch today's Market View.
Market View - 25th March 14
Tuesday March 25, 2014
Tuesday - 24th March 14 download HD Version - 10 mb - 5 minsThe British Pound traded sideways for the first couple of hours during yesterday's trading session. However, things picked up a bit during the afternoon when prices moved by 40 pips following a buy PTP.
To see more, take a look at today's Market View.
The Market View - 24th March 14
Monday March 24, 2014
The British Pound continued lower during Friday's trading session, but has managed to find a bit of support during the Sunday night trading session.
There were two trades on Friday. The first sell offered a maximum of 25 pips, and the second, which came later on in the afternoon stayed at break even after being filled. The market was fairly quiet, trading in a narrow range of on 42 pips!
I have recorded a short video for you showing today's potential profit targets, so take a quick look.
Market View 21st March 14
Friday March 21, 2014
Friday - 21st March 14 download HD Version - 20 mb - 10 minsThe British Pound continued lower during yesterday's session trading down to the 76% profit target in the 'Daily Chart'. Prices are currently finding support at the 1.65 area.
Following two small losses the Pound then provided a selling opportunity to recoup the small losses, and to make a few lisp profit. To see more, download or view today's 'Market View'.
Market View 20th March 14
Thursday March 20, 2014
The British Pound moved sharply lower during yesterday's trading session after Fed Chair Yellen addressed Congress. Fortunately, the morning session before the UK unemployment figures gave us a 30 pip profit. To see more, watch today's Market View video.
Market View for the 19th March 14
Wednesday March 19, 2014
The British Pound moved sharply lower during yesterday's trading session, then bounced back. In today's 'Market View', I show you how you could have taken advantage of this by using the volume, and price action. To see more, take a look at today's video.
To see more, either download, or watch the video below.
You can download the HD version here,http://www.tufxpnextgen.com/uploads/Media/MarketView19thMarch14.mp4.zip
or if you prefer to view the Market View on Youtube, please use this link.https://www.youtube.com/watch?v=flRenUAjiGQ
Feel free to leave your comments, and to Like the video.
To take advantage of GKFX's special offer use this link - http://tinyurl.com/GKFXsignup
More later!
Market View Uploaded - 18th Mar 14
Tuesday March 18, 2014
The British Pound remains sideways during yesterday's trading session. We look at where prices currently are, and where they are likely to head.
There are a few more economic news items today, which could move prices a bit more.
I have also placed the potential profit targets on the 'Daily' chart for you too.
Market View 17th March 14
Monday March 17, 2014
The British Pound remains sideways, however, there was the potential for forty plus pips during Friday's trading session.To see more, either download, or watch the video below.
There are no 'High Impact' news items out today, so it could be another tight trading range! I have marked up the potential trading targets for you, should this happen.
Market View 14th March 14
Friday March 14, 2014
After moving higher, the British Pound failed to hold, and moved lower back to the current support at 1.66. Prices continue to show weakness, and a break of this level could see prices move lower.
To see more, either download, or watch the video below.
To take advantage of GKFX's special offer use this link - http://tinyurl.com/GKFXsignup
More later!
Market View 13th March 14
Thursday March 13, 2014
The British Pound traded lower offering a potential 45 pip (30 min chart) before finding support, and retracing most of the move before the end of the trading session.
Prices are showing some overnight strength this morning too.
Keith Cotterill's Market View
Wednesday March 12, 2014
Market View - Wednesday - 12th March 14 download HD Version - 15 mb - 6 minsThe British Pound had a very quiet day yesterday, and look like it could be the same again today as there are no major economic news items being released today.
I have marked up the potential profit targets for you just in case the market does take us all by surprise!
More later!
Yours in trading,
Keith
60 pip profit following this morning's tip off in the 'Market View'.
Friday February 28, 2014
In this morning's edition of the Market View, you saw a trade in progress. I took the opportunity to show you how we could use the 'Daily Chart' to mark up where the prices were likely to stop.
In this brief update, I show you how the market did precisely this, giving a potential 60 pips on the trade.
Don't forget Carney will be speaking later today!
More later,
Have a great weekend.
Yours in trading,
Carney to justify his U-turn at 10:30 a.m.
Wednesday February 12, 2014
The UK's number one Bankster Mark Carney is going to be speaking at 10:30 a.m. today.
I have no doubt we can expect more of his exaggerated and baseless forecasts, along with the odd U-turn thrown in for good measure. It's not just me who is saying this.
This is what what Katrina Bishop of CNBC wrote about Carney yesterday - Governor Mark Carney is expected to unveil adjustments to his controversial "forward guidance" policy, which tied the bank rate to the country's unemployment rates, after a sharp fall in jobless numbers took the U.K.'s central bank somewhat by surprise – and led some to question its integrity. "Mark Carney has some explaining to do this week when he presents the latest Quarterly Inflation Report," Alastair Winter, chief economist at Daniel Stewart & Co investment bank, wrote in a note.
"He has promised to offer new forward guidance but I cannot help feeling that he need not bother. Whatever he says will not be good enough for some traders and also his critics in the press."
Over to you Mr Carney!
More later!
Yours in trading,
Market Falls Sharply Ahead Of Services PMI Figures
Wednesday February 05, 2014
I have just uploaded a video of a live trade which took place this morning, and produced a nice 30 plus pips in profit.
As I mentioned earlier in today's 'Market View', there was a potential sell signal. As I was editing the 'Market View', the market filled the sell signal, and within an hour and a half, just ahead of the new release, the market fell giving 30 pips plus in profits.
It was a good job I got out too as the Service PMI figures were released by the number crunchers in the Office for National Statistics three minutes earlier. Naughty, naughty!
If you want to see what happened next, then take a look
here, or log into the www.tufxpnextgen.com website and download the HD version from the 'Trading Live' section of the site.
More later!
Yours in trading,
Market View - 4th Feb 14
Tuesday February 04, 2014
Following a lot of request for more currencies, and shorter timeframes, I took the opportunity to cover this in today's Market View.
Today I added the Aus Dollar and showed how this can be traded in our day session, as well as the evening and overnight.
Dropping down from the 30 min to the 15 min chart, you will see how good the trading opportunities are in this market.
More later!
Yours in trading,
Market View Uploaded - 3rd Feb 14
Monday February 03, 2014
Just as I was editing this morning's Market View, there was a sell signal on the 30 min chart. Prices moved sharply lower taking out the psychological 1.64 level, and hitting the scalp target.
I spoke at length about this major support area in today's Market View. If you've not seen today's Market View, then take a look here - http://www.youtube.com/watch?v=PmTwYX0m3vw.
If prices move lower, watch out for support at the 'Pivot Support S2'.
More later!
Checkout the brand new Market View!
Wednesday January 15, 2014
I have recorded the first 'Market View' for 15th January 14. These are going to be short videos containing my opinion of what i believe the market is likely to do during the trading day.
Have a look, and let me know what you think, and what else you would like. Here's the
link
More later!
Yours in trading,
Did you manage to grab the 30 pips before the CPI news this morning?
Tuesday January 14, 2014
The market gave a buy signal a couple of hours before the release of the December 13 CPI figures.
Prices moved higher, trading beyond the scalp target, giving a 30 pip profit.
You can view the video of this trade by following this
link
More later!
Yours in trading,
Missing Blog Posts!
Monday January 13, 2014
It has come to my attention that one of the blog I wrote last week didn't make to the blog page!
So you're kept in the loop, and up to speed, I added two new trading videos to the 'Trading page' and an updated PDF of all the trades, so far for Jan on the same page.
More later!
Yours in trading,
A Quick 21 pips for 8th Jan 14!
Thursday January 09, 2014
I know sometimes it's easier to follow things visually rather than written down! So I recorded a buy trade I made yesterday (which made a quick 21pt gain) which I hope you'll enjoy.
Just click through to the website to view it.
Click HereI've also included a PDF showing the trade which includes screenshots of my other trades from the this month. You can find this here.
Click HereI do hope you are managing to trade too. Do let me know how you are getting on - you can reach me
here
More later!
Yours in trading,
Almost 200 pips - Happy New Year!
Thursday January 02, 2014
May I take this opportunity of wishing you all a Happy and PROSPEROUS 2014!
If you managed to trade the £:US$ currency pair on the 30 min chart, using the Next Gen strategy on 31st December 2013 and today, 2nd January, you will have witnessed that there were combined profits of 199 pips as shown in the charts below.
I know that many of you were still trading over the Christmas period, and this profit of almost 200 pips would have made a great start to 2014!
More later!
Yours in trading,
Wednesday 18th December 13 - It's worse not to be greedy! In my blog today I show you two new trades and why I took a quick profit for a healthy 23 pips and also ensured that a losing trade was pretty painless.
Wednesday December 18, 2013
In today's blog, I have recorded a video showing you how to trade from an economic news item, and how you could have had a slice of the 80 pip move that followed!
Once you've had a look at this one, take a look at today's trade too.
It's best not to be greedy! In today's trade and why I took a quick profit for a healthy 23 pips and also ensured that a losing trade was pretty painless, and that's just for starters!
To view the videos, just log into the members section of the www.tufxpnextgen.com site.
You will find the two new videos under the 'Trading Tab'. You will also find the updated PDF of all of the December 13 trades too.
More later!
Yours in trading,
Tuesday 17th December 2013 - New Live Trading Video
Tuesday December 17, 2013
As we move in to the pre-Christmas trading week, we can expect the markets to become more range bound. That said, I managed to pick up a quick 20 pips yesterday, and have recorded a video for you showing you how I did this.
You can watch it in the 'Trading Videos' section of the
www.tufxpnextgen.com website. Just log in using your username and password that was issued to you when you signed up.
I have also uploaded a PDF of this month's trades so far, complete with screen-shots and annotations.
There's been another trade this morning too following the release of the UK CPI figures, offering a potential of 40 pips. As soon as I post the video, I will let you know.
More later!
Yours in trading,
Friday 13th December 13 - A nice trade yesterday for an easy 48 profit…
Friday December 13, 2013
A nice trade yesterday for an easy 48 profit…
I hope you were on this one? - The market gave a sell signal after the news. Prices were filled and continued to move lower for the duration of the afternoon. Profits were taken as prices failed to close below the S1 support pivot. I've recorded a video which I hope you will find useful.
This morning we had another trade, this time offering a nice potential 60 pips if you stayed with it. I took 24 pips as I had to dash to a friend's aid, but this gives a total pips for December now to 152 pips.
I have recorded a video, and added it to the 'Trading Video' section of the members' part of the tufxpnextgen site.
(VIDEO LINK)This week has been frustrating because of the issues with Alapari on Tuesday and Wednesday that's why, if you haven't already, it's always good to have a back up account. Have a look at the the GKFX video. Problems can happen to any broking company so you need make sure you don't suffer because of it!
I have recorded a series of videos showing you how to sign up with a number of brokers here
(LINK TO VIDEO).
I'm particularly keen on the GKFX as they've agreed to give TUFXP Next Gen users a £300 'security pot' and have extended it a month longer than is usually available - so well worth having a look
(LINK TO VIDEO)I'll be in touch soon with more trade examples. And don't forget to let me know how your trading is going.
Yours in trading,
New Trading Video Added - 6th December 13
Friday December 06, 2013
Just to let you know I have added another brief, trading video for the first week of December 13. The markets appear to be waking up following November's sideways trading range.
Fingers crossed, prices continue to move up until the Christmas Hols!
You can view the video in the members section of the website. You can also download the HD version from here too.
Fingers crossed we get another trade later today after the release of the Non-Farm Payroll figures at 1:30 p.m. GMT.
More later!
Yours in trading,
New trade added - 4th December 2013
Wednesday December 04, 2013
Just to let you know I have added a new 'Trading Video' to the 'Trading Video' section of the members' section of the website.
Today's trade was a straightforward sell. To see more, log into the site, where you can download or watch online.
More later!
Yours in trading,
Trading Times for US Thanksgiving Holidays
Wednesday November 27, 2013
Just in case you're not aware of it, the US will be trading limited hours today, and will be closed tomorrow. So if you trade any of the stock or commodities keep this in mind.
The FX markets will be open, but the liquidity and number of trades will be lower than normal. Fingers crossed, we could see some decent trends during the next three days. Conversely it could be very boring! Only time will tell.
Wed 27 Nov | US equities post-market will open as normal |
Thurs 28 Nov | US equity markets will be closed |
| | US index futures and the Volatility Index will close early at 16.30 |
| Out-of-hours prices available on Wall Street, US 500 and US Tech 100 until futures reopen at 23.00 |
| | Daily futures bets on US indices will be for settlement on Monday 2 December 1 |
| The Australia 200 will close early at 13.00, we will make an out-of-hours price until futures reopen |
| | US Light Crude will close at 18.15 and Brent Crude will close at 18.30. Daily oil bets will be for settlement on Monday 2 December1 |
| US interest rates, Dollar Basket and Euribor will close at 18.00 |
| | US metals, including Gold and Silver, will close at 18.15 |
| | US soft commodities will be closed. London Sugar closes early at 17.00 |
Fri 29 Nov | US equity markets will close early at 18.00. There will be no post-market trading |
| | US index futures and the Volatility Index will close early at 18.15 |
| Out-of-hours prices available on Wall Street, US 500 and US Tech 100 |
| | US Light Crude will close at 18.45 and Brent Crude will close at 19.00 |
| Euribor will close at 18.00. Dollar Basket and US rates will close at 18.15 |
| | US metals, including Gold and Silver, will close at 18.45 |
| | NY Cotton will open late at 13.00, US grain futures will open late at 14.30. All US soft commodities will close early at 18.00. Lumber trades 15.00-18.00, and livestock will trade 15.05-18.15 |
| The futures desk and all 24-hour indices will close at 21.00, FX at 22.00 |
Mon 2 Dec | Normal dealing hours resume |
More later!
Yours in trading,
26th November 13 - Buy Trade - Plus a quick lesson on reading volume in a one minute chart!
Tuesday November 26, 2013
Just to let you know I have uploaded a video on today's early trade. You can find it in the 'Live Trading' section of the website. http://tufxpnextgen.com/Members/training/Live_Trading_Videos.aspx
This 15 min video tutorial is divided in to two parts. In part one, I show you the trade being taken and exited in the 30 min chart.
In part two, I drill down into the one minute timeframe to show you how I was able to spot when the professionals were taking their profits, and how and why I did the same.
This is video is slightly more advanced, but as I say in the video, I believe it is my duty to you, as a client to also impart, some, if not all of my twenty two years of knowledge in trading the markets where I can.
If you find this helpful let me know, and also if you want more like it. I will be happy to oblige.
More later!
Yours in trading,
20th November 13 - New Version of TUFXP Charts - Pivot Points in Indices!
Wednesday November 20, 2013
I just wanted to let you know that we have a new version of TUFXP Charts available to download.
Yesterday we received many requests asking if Pivot Points could be included in the indices. Thanks to Paul Hyndman, the senior programmer, they are now programmed in.
You can download the latest version from the Help menu - Check for updates, or by logging into the members' section of the site and downloading and installing the latest version.
I have recorded a video for those of you wanting help with installing a new update. It can be viewed here. http://www.youtube.com/watch?v=tVdQwI5MZ7U
I have also recorded a short video showing you how to create a non-Forex price chart http://www.youtube.com/watch?v=DK7oOm_lGq8 within TUFXP Charts.
If you need any further help, then let us know.
More later!
Yours in trading,
20th November 13 - Buy signal 30 min Chart
Wednesday November 20, 2013
Just in case you didn't see it this morning, the GBPUSD signalled a buy at 07:00 hrs.
Prices moved higher trading through the entry price, and then on to the scalp target just before 09:30 prior to the release of the BOE report.
Notice how prices traded up to the psychological level of 1.6150 before profit-taking came into the market.
Fingers crossed the market has now broken out of the boring quiet trading range we have seen for the last five days!
More later!
Yours in trading,
15th November 2013 - Pivot Points Part 2
Friday November 15, 2013
I have just uploaded the second part 2 of the Pivot Point training videos.
In this video, I show you how I used the Pivot lines to pin point where the market was likely to trade to. This was all recorded in real-time. It's fascinating stuff as you will see from this video.
You can download the video from the members section of the http://tufxpnextgen.com/Members/training/Software_Training_Videos.aspx
More later,
Yours in trading,
14th November 13 - Pivot Points
Thursday November 14, 2013
A few weeks ago I recorded two videos about Pivot Points..
In Part 1 I discuss what Pivot Points are, and how to apply them to a price chart.
You can download the full HD version from the Training Tab or this link once you're logged in to the membership section of the tufxpnextgen website.
Look out for Part 2 tomorrow when I will show how I was able to forecast in real - time where the market would trade to following the release of a US economic news item!
I guarantee, when you have watched both of these videos, you will never load a price chart without displaying pivot points on it again!
More later!
Yours in trading,
7th November 2013 - Short Net 61 pip profit after an 18 pip loss!
Thursday November 07, 2013
I have attached a price chart of today's trade in the 30 and 60 min chart. After a very quiet week, we eventually got a move today. However, this also took several hours before the move manifested itself.
I took the initial sell in the 60 min chart, then switched to the 30 min and took the buy. This hedged the trade for a couple of hours before the buy was taken out with an 18 pip stop.
I took the second short sell, so was then net short two sell bets.
The market moved lower, and eventually, I managed to collect a 61 pip profit.
More later!
Yours in trading,
1st November 13 - Sell Signal
Monday November 04, 2013
Friday 1st November provided only one signal, a sell signal! Prices moved over 100 pips following this signal. See the attached chart!
More later!
Yours in trading,
1st November 13 - Buy Signal 30 min Chart
Friday November 01, 2013
I have attached yesterday's trading signals from the 30 min chart. Only one trade that managed to get to the profit target.
More later!
Yours in trading,
31st October 13 - A couple of trades from this week!
Thursday October 31, 2013
I have just posted a couple of winning trades from the last couple of days.
More later!
New version of TUFXP Charts! - 28th October 2013
Tuesday October 29, 2013
Just in case you don't know, there's a new version of TUFXP Charts available to download from the 'Software' page from the members' section of the www.tufxpnextgen.com website.
You will find the following fixes to this version -
TUFXP Charts Change Log
Version: 1.1.37
Date: 29th October, 2013
- FIXED: Problems drawing SPTP markup.
- CHANGED: Updated to latest IQFeed protocol to fix issues with INDU feed. *** NOTE: IF USING IQFEED YOU WILL NEED TO UPDATE TO THE LATEST IQFEED SOFTWARE ***
More later!
Yours in trading,
24th October 2013 - Latest Version of TUFXP Charts available to download!
Thursday October 24, 2013
Just in case you don't know, there's a new version of TUFXP Charts available to download from the 'Software' page from the members' section of the www.tufxpnextgen.com website.
You will find the following fixes to this version -
- FIXED: 'Unable to load chart' message after charts loaded with IQFeed.
- FIXED: Errors when manipulating redocked charts.
- CHANGED: Main application window will now move 'in front' of undocked charts when selected.
More later!
21st October 2013 - Text facility within TUFXP Charts
Monday October 21, 2013
I just wanted to let you know I have added a new 'training' video to the 'Training Section' of the website.
In this video, I show you how to setup and use the texting facility within TUFXP charts.
I have also included a downloadable file in HD too for those of you who prefer to watch the videos off-line.
More later!
Yours in trading,
18th October 13 - TUFXP - Charts Update!
Friday October 18, 2013
Just to let you know we have just uploaded the latest version of TUFXP Charts to the www.tufxpnextgen.com website.
To download the latest update, close TUFXP Charts, and re-open it. Alternatively, download it straight from the Software page in the members' section of the site.
Here's a brief list of what's in this update!
- CHANGED: Main Windows minimum width set to prevent 'create' chart button being hidden.
- FIXED: Initial/trailing stops know working when multiple bars selected
- ADDED: Chart load timeout for MT4 -if chart doesn't load within 60 seconds, message is displayed with checklist
- FIXED: Markup lines no longer appear if deselected in trade calculation settings
- FIXED: Horizontal lines know save/load correctly
- FIXED: TC0046-6 error when diagonal lines are in saved workspaces
- FIXED: Drawing channels (copying lines) not working on loaded workspaces
- FIXED: Diagonal fib marker now no longer moves across chart
- FIXED: Diagonal line positioning errors
- CHANGED: Stability improvements (inc. less occurences of TCO117 errors)
More later!
Yours in trading,
11th October 13 - New Videos Added To TUFXP Next Gen Website!
Friday October 11, 2013
Just to let you know I have recorded, and added the following videos to the members' section of the
www.tufxpnextgen.com website during the last few days.
1. I recorded a losing trade from Wednesday. Instead of saying, he's a losing trade, I took the time to turn financial detective and show you why it was so!
The video is approximately fifteen minutes long, but well worth watching. I'm of the opinion that it's important to understand why a trade didn't go according to plan, and to look for the clues, and reasons, so I can build this in to future updates of the software. This video exposes what was behind this losing trade - you will be amazed at what I uncovered!
2. I have been asked about OPPOSING signals appearing on a price chart. Well yesterday, the market obliged. I captured, traded, and edited this twenty minute video which is now available in the 'Trading Videos' section of the members website.
3. I have recorded a short video showing you how to revert the TUFXP Next Gen back to its default settings, so they match those of the 'Setting up videos' and manuals.
This video can be found in the 'Training Videos' tab in the members' section of the TUFXP Next Gen website.
4. And finally, I will be including a download link so you can download a HD version of the video for off-line viewing. Left-click on the download link to save and view the file off-line.
That's if for now, if I don't report in again today, have a great weekend, and as ever, thank you for you support it's very much appreciated.
More later!
Yours in trading,
8th October 13 - 19 pip Profit From A Buy Signal In The 30 min Chart
Tuesday October 08, 2013
Just to let you know, I have uploaded a brief video of this morning's trade in the 30 min chart.
You can find it in the members' section under the 'Trading Videos' tab of the www.tufxpnextgen.com website.
More later!
Yours in trading,
Swiss investigate manipulation in the FX markets!
Tuesday October 08, 2013
Well, well, there's a surprise hey!
So the Banksters are at it again, this time it's not manipulating the Libor market, but the FX market.
The article in the Guardian doesn't state who it is that's alleged to have been manipulating it. I know who my money is on!
More later!
Yours in trading,
Monday 7th October 13 - 19 pip profit video
Monday October 07, 2013
Just to let you know I have added a video of a 'live' trade I recorded this morning.
There's only a 19 pip profit, but as JP Morgan used to say, "Never apologise for taking a profit".
The market has moved higher since, but then hindsight is a wonderful thing. You will see from the video why I took the profit on this trade, when normally, I would have let it run for most of the day!
More later!
TUFXP Next Gen - Two new 'Live Trade' Videos added to the 'Live Trade' page!
Sunday October 06, 2013
Just to let you know I have added two new 'Live Trading' videos to the Live Trading video page in the members' section of the www.tufxpnextgen.com website. This week's total pips 145! To find out more, watch the videos.
More later!
Yours in trading,
Trades from 30th Sept 13 - 3rd Oct 13
Thursday October 03, 2013
In between recording, support e-mails, and website updates, I have managed to do a few trades.
I have managed to record today's and as soon as I have had chance to edit it, I will upload it to the 'Live Trades' section of the site.
Two consecutive losers on the 30th Sept, followed by a winner, followed by a missed short (I was busy recording the videos for Module 1) on the 1st Oct (40 plus points) and today's 50 pips.
So all in all, not a bad week so far considering I haven't been able to give it my undivided attention, but then that's the beauty of trading the longer term timeframes.
Here's the chart, with a snippet of the trade account from Alpari-UK.
More later !
Yours in trading,
TUFXP Next Gen - Module 1 - Section 1 - Trading Strategy & Section 2 - Trading Plan
Tuesday October 01, 2013
Good evening,
It's a been a long day at the recording 'coal face'.
I have just finished editing two 20 min videos for Module 1 of the TUFXP Next Gen course.
Module 1 - Trading the FX Markets - Section 1 - Trading Strategy
Module 1 - Trading the FX Markets - Section 2 - Trading Plan
Any questions, please get in touch.
More later!
Yours in trading,
TUFXP Next Gen Module 1 Manual Available To Download
Monday September 30, 2013
I have uploaded the Module 1 Manual, Trading the FX Markets to the Module 1 training tab in the members' section of the TUFXP Next Gen website.
Login in to download your FREE copy today!
More later!
Yours in trading,
37 pips profit on today's sell trade in the GBP/USD
Thursday September 26, 2013
I managed to grab 37 pips today on the sell trade. I have recorded a video and also included a screen shot here for you too.
More later!
Live buy trade from today's trading of the 30 min chart.
Wednesday September 25, 2013
I have uploaded a video of today's buy signal being traded in real-time.
You can also view it here too!
More later!
Yours in trading,
Today's trades! One sell 30 min GBP/USD
Tuesday September 24, 2013
Today's trade is below for your perusal!
More later!
Yours in trading,
New video added to the TUFXP Next Gen website!
Tuesday September 24, 2013
We have received a lot of requests about how to load other markets other than currencies.
Loading any price chart, no matter what it is, is exactly the same procedure as loading a currency one. That said, there are a couple of things to keep in mind.
Below is a video I recorded some ten minutes ago, that shows you how to load a price chart of the Dow futures, and also gold.
More later!
Yours in trading,
Alpari-UK - Trading the stock indices
Monday September 23, 2013
I had a call this afternoon from a fellow trader who had a problem with his price charts. He was trading the cash Dow with GKFX. He shared his screen with me via Skype so I could see first hand what the issue was.
As we chatted, I noticed there was a difference in his Dow price and mine, which is odd, as I assumed that I too had loaded the cash Dow within the Alpari-UK MT-4 software.
In the Alpari-UK MT-4 software, the Dow symbol is shown twice, once as _US30 and also a US30Z. I had wrongly assumed that the _US30 was the cash Dow, and the US30Z the Dec futures, which it is.
I wrote to Alpari-UK to ask why there were two symbols with the same code, and when loaded into a price chart, they both show the same price, which is odd, as the cash and futurtes rarely trade at the same price.
Here's the reply I received this afternoon.
_US30 is in fact the historical data chart . So when the US30Z expires itr moves in the _US30
We do not offer cash and do not offer rolling rates , it is purely for a historical basis.
When you see a _ before the indies this means it is historical data only.
So there you have it. Alpari-UK don't offer the cash, only the futures contract.
More later!
Yours in trading,
Pound moves lower for morning and early afternoon trading session.
Friday September 20, 2013
The Pound failed to move higher during this morning, and early afternoon trading session.
There was a sell PTP midmorning which after breaking through the support continued lower and tested the psychological $1.60 support level.
More later!
Pound Shows Weakness After Fed Continue to Print 85 billion per month
Friday September 20, 2013
After moving sharply higher last night on the news that the Fed will continue to print $85 billion per month it found some weakness this morning.
There was a sell signal in the 30 min chart, which was filled and traded lower to the scalp and beyond, offering just over 42 pips.
More later!
Yours in trading,
British Pound Continues Lower!
Thursday September 19, 2013
The GBP/USD continued lower during this afternoon's trading session offering an additional 20 plus pips on the trade.
The original trade is now over 77 pips for the day. See chart below.
More later!
Yours in trading,
New Version of TUFXP Charts! Version 1.1.26.0 & How To Video!
Wednesday September 18, 2013
Just to let you know we have added the latest version of TUFXP Charts to the Software section of the www.tufxpnextgen.com
This update includes the following changes : -
Version: 1.1.26
Date: 16th September, 2013
ADDED: Should now be able to open GKFX symbols without manually adding them.
Here's a short video on how to do this!
More later!
Yours in trading,
Interactive FAQs Added
Tuesday September 17, 2013
I just wanted to let you know I have now added a list of the most commonly asked issues with setting up the TUFXP Charts, which include videos!
More later!
Yours in trading,