One Man’s View for Thursday April 17, 2014

Close of Markets Wednesday April 16th Info

DOW – up 162.29 to close at 16,424.83 – next key area 16,500
Oil – up $0.13 to close at $103.88 – next key area $103.44
Gold – up $2.00 to close at $1,302.30 – Next key area $1,331.00
Dollar index – up 79.832 – 52 week range is Low: 78.998 – High: 84.753

5 of 22 pairs moved 100+ overall pips during last 24-hour session. Range of top seven pairs covered was 87 pips (AUD/USD) and 35 pips (USD/CHF) (see chart at bottom of Daily Report)

5 Pairs moving 100+ overall pips for session: GBP/JPY 100,  AUD/JPY 100, GBP/AUD 175, EUR/AUD 136 and GBP/CAD 109

Possible News Drivers
Thur Apr.17th
CAD-Canada- CPI- Consumer Price Index, 8:30 AM ET
USD-U.S. Jobless Claims, 8:30 A.M. ET
USD-U.S.Philadelphia Fed Survey, 10:00 A.M. ET

Fri Apr 18th
Bank Holiday for EUR, CHF, GBP, and CAD
U.S. Markets Closed – Banks Open

Read more →


AUD/USD Analysis for Wednesday Night April 16, 2014

Pair: AUD/USD Analysis for Wednesday Night April 16, 2014
Current Price: 0.9376
Breakout channel: 0.9548 to 0.9088 – Monthly
Current wide channel: 0.9548 to 0.9270 – Weekly
Compressed channel: 0.9411 to 0.9356 – Daily
Trading Range: L5 Sessions 0.9331 To 0.9460 = 129 Pips
S/R Numbers:
Dominant Trend: STC 0.9359 – MTC 0.9396 – LTC 0.9224
Potential Trade
Recommendations:
Buy Break of 0.9387 and Clear 0.9397 Then 0.9402
Sell Break of 0.9365 and Clear 0.9355 Then 0.9350

AUD/USD Analysis for Tuesday Night April 15, 2014

Pair: AUD/USD Analysis for Tuesday Night April 15, 2014
Current Price: 0.9349
Breakout channel: 0.9548 to 0.9088 – Monthly
Current wide channel: 0.9548 to 0.9270 – Weekly
Compressed channel: 0.9385 to 0.9270 – Daily
Trading Range: L5 Sessions 0.9333 To 0.9460 = 127 Pips
S/R Numbers:
Dominant Trend: STC 0.9379 – MTC 0.9397 – LTC 0.9192
Potential Trade
Recommendations:
Buy Break of 0.9360 and Clear 0.9370 Then 0.9380
Sell Break of 0.9340 and Clear 0.9335 Then 0.9325

One Man’s View for Tuesday April 15, 2014

April 15th…  Tax Freedom Day is the day when the nation as a whole has earned enough money to pay off its total tax bill for the year.
Tax Freedom Day 2014 is April 21st, three days later than last year. In 2014, Americans will pay $3.0 trillion in federal taxes and $1.5 trillion in state taxes, for a total tax bill of $4.5 trillion, or 30.2 percent of income

Diligence, not intelligence is probably the best trait to succeed at what we are doing, if you are diligent and not a quitter you will likely succeed.

“Try not to become a man of success, but rather to become a man of value. He is considered successful in our day who gets more out of life than he puts in. But a man of value will give more than he receives.”
~Albert Einstein

YOU came upon this earth to succeed, not to fail.  Inside of you is a creative human being who wants to succeed. Mindset is a way of  life. Positive Thinking is a habit.

Repetition is the mother of skill.

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AUD/USD Analysis for Monday Night April 14, 2014

Possible News Drivers
Mon Apr 14th
AUD-Australia- Bank of Australia Meeting Minutes, 9:30 PM ET

Pair: AUD/USD Analysis for Monday Night April 14, 2014
Current Price: 0.9412
Breakout channel: 0.9548 to 0.9088 – Monthly
Current wide channel: 0.9548 to 0.9270 – Weekly
Compressed channel: 0.9441 to 0.9393 – Daily
Trading Range: L5 Sessions 0.9260 To 0.9460 = 200 Pips
S/R Numbers:
Dominant Trend: STC 0.9398 – MTC 0.9360 – LTC 0.9192

Close of Market 22-Pair Currency report for Monday April 14, 2014

24 Hour Daily Chart for 22 Currency Pairs

Pair

Date

Open

High

Low

Close

H-L

C-O

E

Mon 04/14

1.3841

1.3861

1.3807

1.3817

54

-24

P

Mon 04/14

1.6719

1.6741

1.6695

1.6725

46

6

S

Mon 04/14

0.8776

0.8804

0.8763

0.8796

41

20

Y

Mon 04/14

101.60

101.99

101.40

101.70

59

10

C

Mon 04/14

1.0978

1.0991

1.0941

1.0961

50

-17

A

Mon 04/14

0.9388

0.9422

0.9374

0.9412

48

24

N

Mon 04/14

0.8679

0.8692

0.8629

0.8671

63

-8

E/Y

Mon 04/14

140.63

140.90

140.41

140.53

49

-10

E/P

Mon 04/14

0.8277

0.8282

0.8251

0.8260

31

-17

P/Y

Mon 04/14

169.85

170.48

169.58

170.09

90

24

A/Y

Mon 04/14

95.38

95.96

95.08

95.69

88

31

E/C

Mon 04/14

1.5195

1.5223

1.5120

1.5147

103

-48

S/Y

Mon 04/14

115.73

115.95

115.57

115.59

38

-14

A/C

Mon 04/14

1.0304

1.0336

1.0284

1.0315

52

11

P/S

Mon 04/14

1.4676

1.4714

1.4659

1.4712

55

36

E/S

Mon 04/14

1.2151

1.2158

1.2139

1.2156

19

5

A/N

Mon 04/14

1.0804

1.0870

1.0795

1.0847

75

43

C/Y

Mon 04/14

92.55

92.98

92.26

92.74

72

19

N/Y

Mon 04/14

88.23

88.34

87.71

88.16

63

-7

P/A

Mon 04/14

1.7804

1.7840

1.7737

1.7767

103

-37

E/A

Mon 04/14

1.4741

1.4764

1.4658

1.4678

106

-63

P/C

Mon 04/14

1.8347

1.8387

1.8302

1.8335

85

-12


One Man’s View for Monday April 14, 2014

Success is a Destination using Multiple Timeframes in any Market -
One Man’s View for Monday April 14, 2014

Folks, we have some breakouts forthcoming in markets.
Be prepared. Do YOU know how to lower risk no matter if markets go up or down?

Multiple Timeframes

In classes, I teach about trends within trends, channels within channels, trends within channels and channels within trends. Depending on your specific trading personality will determine exactly the rules of engagement used to execute winning trades using above concepts.

There is obviously a limit to how many timeframes you can study. You don’t want a screen full of charts telling you different things.

Read more →


AUD/USD Analysis for Monday April 14, 2014

Pair: AUD/USD Analysis for Sunday Night April 13, 2014
Current Price: 0.9395
Breakout channel: 0.9548 to 0.9088 – Monthly
Current wide channel: 0.9548 to 0.9270 – Weekly
Compressed channel: 0.9409 to 0.9346 – Daily
Trading Range: L5 Sessions 0.9253 To 0.9460 = 207 Pips
S/R Numbers:
Dominant Trend: STC 0.9394 – MTC 0.9357 – LTC 0.9192
Potential Trade
Recommendations:
Buy Break of 0.9401 and Clear 0.9411 Then 0.9421
Sell Break of 0.9382 and Clear 0.9372 Then 0.9362

Weekend Report for Sunday April 13, 2014

Leading and Lagging Indicators

Most indicators that you will see on your currency charting software are known as LAGGING indicators. They are all mathematically derived from continuous historical data. You cannot extrapolate a lagging indicator forward in time.

A LEADING indicator on the other hand can be drawn on your charts AHEAD OF TIME. There are very few of these. A prime example of a leading indicator are Fibonacci levels, which you will learn about in detail in another tutorial.

The reason pivot points are so popular is that they are predictive as opposed to lagging. You use the information of the previous day to calculate potential turning points for the day you are about to trade (present day).

Joel Pozen has been in markets since the 1990′s and his price action and volume software are leading indicators. Hopefully you attended and took adavanagte of his last chance special offer to learn how to use small stops and trade for profit in all markets.  If not, please send an email to request more info: support@21stcenturyforextrader.com with Joel Pozen more info in subject line.

Read more →


Close of Market 22-Pair Currency Report for Friday April 11, 2014

24 Hour Daily Chart for 22 Currency Pairs

Pair

Date

Open

High

Low

Close

H-L

C-O

E

Fri 04/11

1.3886

1.3904

1.3862

1.3879

42

-7

P

Fri 04/11

1.6783

1.6785

1.6715

1.6734

70

-49

S

Fri 04/11

0.8761

0.8769

0.8742

0.8758

27

-3

Y

Fri 04/11

101.51

101.86

101.31

101.62

55

11

C

Fri 04/11

1.0933

1.0981

1.0916

1.0976

65

43

A

Fri 04/11

0.9412

0.9425

0.9362

0.9392

63

-20

N

Fri 04/11

0.8679

0.8704

0.8623

0.8686

81

7

E/Y

Fri 04/11

140.96

141.53

140.63

141.06

90

10

E/P

Fri 04/11

0.8272

0.8308

0.8269

0.8292

39

20

P/Y

Fri 04/11

170.39

170.88

169.48

170.07

140

-32

A/Y

Fri 04/11

95.52

95.66

95.02

95.44

64

-8

E/C

Fri 04/11

1.5183

1.5247

1.5161

1.5237

86

54

S/Y

Fri 04/11

115.83

116.24

115.63

115.99

61

16

A/C

Fri 04/11

1.0289

1.0314

1.0236

1.0310

78

21

P/S

Fri 04/11

1.4705

1.4708

1.4631

1.4658

77

-47

E/S

Fri 04/11

1.2169

1.2177

1.2150

1.2158

27

-11

A/N

Fri 04/11

1.0837

1.0859

1.0807

1.0808

52

-29

C/Y

Fri 04/11

92.82

93.14

92.31

92.54

83

-28

N/Y

Fri 04/11

88.10

88.36

87.60

88.26

76

16

P/A

Fri 04/11

1.7827

1.7903

1.7769

1.7811

134

-16

E/A

Fri 04/11

1.4748

1.4832

1.4735

1.4773

97

25

P/C

Fri 04/11

1.8349

1.8371

1.8294

1.8370

77

21