We had a bounce just above the 1336 level earlier today and the future has rallied up to the target area at 1346.
My buy order was not filled on this trade and I have deleted it now as the setup is no longer valid.
We are still closely watching the dollar yen.
Wednesday 4 May 2011
Tuesday 3 May 2011
New setups in the S&P future and usd/jpy
Hi guys,
Apologies for the lack of updates, been a little busy over the last few weeks. Hope you all had a good easter holiday.
Now back to business. One of the setups I am looking at over the next week is a buy in the S&P future at 1336. It is an excellent level and we should expect a nice bounce at this area with a high probability.
In addition, the dollar yen has sold off again hard back towards the area when I last looked at it. I still believe the trade I called back then is valid, sell 80.58 if it breaks below and comes back up for a retest.
Also, to recap as I have been away- the crude trade that I called to buy at 106.62 a few weeks ago has hit both targets for a nice winner:
Apologies for the lack of updates, been a little busy over the last few weeks. Hope you all had a good easter holiday.
Now back to business. One of the setups I am looking at over the next week is a buy in the S&P future at 1336. It is an excellent level and we should expect a nice bounce at this area with a high probability.
In addition, the dollar yen has sold off again hard back towards the area when I last looked at it. I still believe the trade I called back then is valid, sell 80.58 if it breaks below and comes back up for a retest.
Also, to recap as I have been away- the crude trade that I called to buy at 106.62 a few weeks ago has hit both targets for a nice winner:
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