Tag Archives: Forex

Initial Jobless Claims [3/4/2010]

WASHINGTON, March 4 (Reuters) – The number of U.S. workers filing new applications for unemployment insurance fell as expected last week, a government report showed on Thursday, while those continuing to receive benefits dropped to the lowest level in over a year. Initial claims for state unemployment benefits dropped 29,000 to a seasonally adjusted 469,000… read more

Dollar turns lower after hitting reaction line on reversal date!

The Dollar index began to show weakness when it moved away from the ascending median line. However, it was not until the Dollar reached the sloping reaction line target objective on the February 23rd reversal date that the bullish cycle was complete. A retest of the reaction line on Wednesday failed and the market turned lower.… read more

Is this the high for the Dollar index? [chart]

In the last issue of the Traders Market Views  (February 19, 2010) I talked about the triple top formation that had formed in the dollar indiex over the past several days. The pattern formed at the end of the cycle, but  just below the reaction line target objective. I said the market should tade above the triple… read more

Is this a major selling opportunity for the Japanese Yen? [chart]

The recent corrective rally ended on the February 4th reversal date, but fell shy of reaching the 60% sell window. After the reversal date, the yen resumed the downward trend and has closed below the 20- day SMA. After testing the upper parallel line on February 16th, yen closed sharply lower, leaving good seperation, suggesting… read more

Initial Jobless Claims [2/18/2010]

Initial jobless claims were up 31,000 to 473,000.  Expectations were pegged at 430,000; however this data added to worries that a bleak job market will severely hamper the U.S. economic Recovery.   These numbers also provide a potential argument for the Federal Reserve to keep interest rates near record lows.… read more

Reversal swing date projected recent high for Yen. [chart]

The March Japanese yen has just completed a 5-wave continuation pattern, inside the longer-term downward trend. This type of pattern in a mid-trend pattern and suggests downward trend should continue over the long-term, but right now I want to talk about the 5-wave pattern just completed.  The upward swing began on December 31, after a failed swing pattern formed… read more

Bearish Swing Trading pattern forms in the British Pound. [chart]

After posting three closes below the descending median (center) line the market rallied back to the median line, but failed to close above. This is a bearish pattern set up that could trigger another price drop to the lower parallel line.  A break below the pivot low will trigger sell signal. Check the latest issue… read more

TMV Results [12/4/2009 – 2/09/2010]

Results for the  Traders Market Views News Letter from 12/4/2009-2/09/2010 have been posted on our website. You must log in to review this information.  Call us with questions. THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.… read more

Swing Trading with Market Timing Intelligence Using the “Action/Reaction” Theory.

Swing Trading With Market Timing Intelligence Using the “Action/Reaction” Theory. By John Crane “Man masters nature not by force, but by understanding.” This quote may be about nature, but it also holds true when it comes to trading. Before anyone can master the markets, they need to understand market structure and market behavior. With all… read more