Matter of Money

Just when nobody in the mainstream media is willing to bet a dime on the EUR is finally starts to show a sign of life at an important technical price level. Is this the start of a counter-trend rallye? Only time can tell, but the technical picture suggests that we will possibly see prices in the high 1.07s or even above 1.08 in the near future. Depending on how price "travels" there, I will be looking to sell into those levels. *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks and trades!

Might be nothing, might be something. Congruent with the major indexes the Swissy shows a warning sign of weakness on the lesser charts. The hourly chart below shows that the steep uptrend which has delighted me so many weeks is now broken. Considering the leg's impulsive look I assume there is more to come and will lighten up on longs.

The US dollar strength is no secret. Greenbacks are appreciating against every under the sun these weeks. Since a couple of days though the dollar has been consolidating against Swiss Franc, completing a classic two-leg as the 4 hour chart shows. $USDCHF 4h chart: Can it come out of the corrective move? Now price is testing the short-term down-trend line. A break indicates the end of this correction and signal a buying opportunity. I would expect the $USDCHF to continue its uptrend towards the longer term targets. Weekly chart: I use the channels as profit targets *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks!

Precious metals investors are not exactly celebrating a merry year end 2017. The dollar strength is heavily weighing on both $XAGUSD and $XAUUSD. Gold might provide a temporary relieve though as the sucker has crashed down to a support. Possibly $XAUUSD can stage a corrective rallye which would carry investors over into 2017 without further damage? Happy holidays and new year's celebrations. Let's make 2017 our best trading year ever! *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks!

I have been there so many times, I can't even tell. I have read trading is an endeavor that involves life-long learning. Markets constantly change and so do we if we are to survive. So we will never be perfect as traders. Or eliminate trouble, or losses for that matter. But these are my top 3 stupidities to get into trouble: 1) Trade without strategy We are in this game not for a one-time lottery win, but to produce repeatable winners and profits. That will only ever be possible with a repeatable strategy. So don't trade on feelings, or looks, or news, or tips, or whatever. Trade as yours strategy commands! 2) FOMO FOMO is the fear of missing out. FOMO is one of my weaknesses. Especially after over-extended moves trying to catch turnarounds I will into trouble jumping in without my strategy saying so. Don't do it! It's not paying off. 3) Trade too big Over-leveraging is what will kill your account, PERIOD. I has killed mine before and would do so again were I

The one market which kind of is the "elephant in the room" that the general public hardly notices is the US bond market. Bonds are now in their fifth month getting destroyed, holy crap! When has that been mentioned the last time in the coffee corner? I mean, look at this: That's a monthly chart of course, so it does not look very spectacular. Do you remember how we used to dive off the 10m platform? That's just about what bonds are doing, getting completely crushed. But since they had been all the way up there in lofty heights this might just be the tiny start of it. Be as it might, I think they are reaching a little bit of support there and even under Trump monetary policy will not change 180°. So I dipped my feet into this market, which is actually nice because it pays some carry. So I can have patience. I wish someone could explain to me how bonds work exactly. I mean I understand when they fall, yields rise and so on. But there are a couple of open questi

Two important US indexes are bumping up against resistance lines. Can this stop the stimulus train and allow stocks to take a breather? S&P 500 Russell 2000

So far, the support line is holding up well. And the 4h chart presents a nice potential entry: Edit 27.01.2017: And here we go again. Sustained NZD strength and EUR weakness leads to another visit of this important long-term trendline which may present to us a great opportunity. If just there was not the heavy carry on this position... *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks and trades!