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  1. #1
    Administrator Martin Kay's Avatar

    Tips Tips Tips - USD/JPY , S&P 500 !!!

    Here are some interesting trading setups

    Originally posted by Richard Cox

    The USD/JPY has broken out of its longer term descending triangle at the same time it broke above its 100 day EMA, so the longer term view is positive into the end of the year. I will be looking to establish 1 hour CALL trades in this pair as prices approach 78.60 in the coming week.

    The latest rally in the S&P 500 is opening the way for some good PUT entries for the index into 1455. In the coming week, I will be looking to enter into daily PUTS at these levels. An hourly close above these levels, will cause me to move my entry 10 points higher.

    For the Full Trading Breifing Click Here.

  2. #2
    Master Member vinayakm's Avatar

    US data has been encouraging !!!

    Quote Originally Posted by Martin Kay View Post
    Here are some interesting trading setups
    Definitely great tips. But these seem to be too close for comfort. The S&P 500 had its worst fall in 4 months so I guess I would prefer that trade. The problem is the index has been on a long-term up trend and it may be back next week.
    The USD/JPY was the big story in the forex market and Wall Street analysts expect the Japanese Yen to fall against the USD. The US data is encouraging for the USD and consumer confidence is higher than before.

  3. #3
    Senior Member Grae's Avatar
    Im with Richard on the USDJPY. Very strong CALL possibility. Just dont know which resistances will hold?

  4. #4
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Grae View Post
    Im with Richard on the USDJPY. Very strong CALL possibility. Just dont know which resistances will hold?
    I concur but I one hour trades are too quick for me, there just is no telling what will move the trade.

  5. #5
    Specialist Member RCox's Avatar
    Short term binary options trades are generally based on technical analysis unless you are immediately following a news release. There are plenty of intraday traders that use hourly time frames and are able to post gains over the longer term with consistency.

  6. #6
    Specialist Member RCox's Avatar
    Quote Originally Posted by vinayakm View Post
    Definitely great tips. But these seem to be too close for comfort. The S&P 500 had its worst fall in 4 months so I guess I would prefer that trade. The problem is the index has been on a long-term up trend and it may be back next week.
    The USD/JPY was the big story in the forex market and Wall Street analysts expect the Japanese Yen to fall against the USD. The US data is encouraging for the USD and consumer confidence is higher than before.
    The bias in both of these trades was clearly sound, given the way markets have moved since and this should not have been much of a surprise given the rational for both of the strategies. You are really going to need to have a more substantive analysis than "it has been on an uptrend and this might be back next week" in order to have repeatable trade ideas that are successful.

    With regard to the USD/JPY comments, be weary of simply siding with the majority of analyst opinions (which you have no way of knowing anyway, there is no central poll that can be taken). If you are simply going to side with an analyst, you are better off giving your money to him and letting him place the trades.

    Last, there is not much of a correlation between consumer confidence and broader moves in the currency markets. Consumers have opinions that can change rapidly and are often not based on market factors that are representative of the true health or weakness of an economy.

  7. #7
    Master Member vinayakm's Avatar
    Thanks for the tips. The S&P500 worked out this week. But I can say quite certainly that it will rise after the US election on Sunday, Nov 4. This is based on historical data. The data shows that a Democrat re-election causes the S&P500 rise 14.5 percent on average. It would be actually even better if Romney was to come into office as when a Republican has replaced a Democrat the S&P 500 has risen on average 18.8 percent in the past.
    The 4-year cycle strategy is basically making good use of the stock markets rise every four years. Additionally, it coincides with the rally that we see in stocks in the month of November.

  8. #8
    Legendry Member Michael Hodges's Avatar
    good call on the S&P puts this month, I got burned on that one. The trend in this index is still up long term and I am still looking for it to advance and retest the recent highs if not the long term ones. As for the post election bounce, I also agree with that sentiment.

    The action on Friday suggests to me that buyers are stepping in. Now that Apple has released it's earnings the speculation over how bad they might be will be gone and the stock will be free to move back up, and carry the S&P with it.

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