It is said Olympics test not just a person’s skills but also his mental durability and physical endurance. Trading is no different. The constant need to evaluate changing prices and trends and monitor patterns across timeframes across multiple assets can wear down the most endowed traders. The reason why trading is such a difficult profession is that there are no set rules to trading. Imagine playing a game where the rules change on a regular basis during the duration of the game. If you were thought that trading involved resistances and supports as means to be a successful trader, well all I have to say to you is best of luck. Resistances and supports exist only to hunt down the small fish. They are like baits for the fish as the predators wait across those zones to take your stops. Markets almost always scream through supports to take your stops while it cruises past your well set resistance zones to take your stops on the upside as well. In between such stop outs, is where lies your opportunity. That is why even with stop outs, you have to be absolutely alert to price movements.

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

1. The July Live Trade Sheet
2. The July Live Trade Room
3. The Charts corner
4. C3X Performance FX portfolio
5. The Bond auction schedule can be found here: Bond schedule
6. The speaker schedule can be found here: Speaker schedule

Last week was full of important data points which were natural triggers for stop hunting but what ultimately set the trend for the week was a mid week utterance by Draghi concerning the fate of euro. But friday ended with a super strong move in EU schatz which leaves a few questions begging wrt to fate of EUR/JPY.

Short and sweet and to the point as usual, please find weekly analysis and charts as we think about what lays in for next week.

We shared our performance from last week here: Performance 28 July 2012

JNK/TLT (Junk vs Safety) ratio doing well to cross and close above the 50 DMA and hence supporting the SPX rally.

A sharp rally in UST2 year to 0.25 leaves hope for all yen pairs. The hypo thesis will confirmed once we see a close above 0.28 which should set alight a fast paced rally in AUDJPY,CADJPY and above all USDJPY. But till we see 0.28 it may be difficult to commit large portions to trade yen pairs.

The NYSE declining to advancing issues have dramtically fallen of to 0.0547 (10 SMA line). The market internals have improved and are well poised to lead the markets upwards for the next few weeks and months.

ES weekly charts shows the holding of the support at 1350. After a few weeks of playing and testing the support ES has launched it self.

Dollar Index is weak as it breaks through 3 Netlines in one day. And they even closed below the lowest of
the broken Netline at 82.97. Barrin an intra week spikes through 83, we are now falling the crater into an abyss to 81.84 which means a super strong EURUSD rally coming.

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

1. The July Live Trade Sheet
2. The July Live Trade Room
3. The Charts corner
4. C3X Performance FX portfolio
5. The Bond auction schedule can be found here: Bond schedule
6. The speaker schedule can be found here: Speaker schedule

The Indicator links are provided here:

1. Falconfx EUR/USD
2. Falconfx EUR/JPY
3. Falconfx USD/CAD
4. Gladiator ES

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

1. The July Live Trade Sheet
2. The July Live Trade Room
3. The Charts corner
4. C3X Performance FX portfolio
5. The Bond auction schedule can be found here: Bond schedule
6. The speaker schedule can be found here: Speaker schedule

The Indicator links are provided here:

1. Falconfx EUR/USD
2. Falconfx EUR/JPY
3. Falconfx USD/CAD
4. Gladiator ES

In the end all it took was 10 words from Draghi to roast the euro bears. But bond markets and C3X subs were readying for this move for about 24 hours now. Our trade room transcripts will reveal how truly frustrated we were at how forex markets lag the bond markets. We were long EU at 1.2120 and waited hours and hours to see this move today. We were long ES at 1328 for over 24 hours fully in knowledge of this super move to 1350 to come in one jerk action. C3X is always early but it will wait like cheetah waits for its preys. We long EUR/USD, LONG EURJPY AT 94.4 (still on), long EURAUD, Short USDCAD, Long CADJPY and Long ES from 1330. Check what they have today. Each of those trades had a basis and logic behind it.

The history of trades: Myfxbook link

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

1. The July Live Trade Sheet
2. The July Live Trade Room
3. The Charts corner
4. C3X Performance FX portfolio
5. The Bond auction schedule can be found here: Bond schedule
6. The speaker schedule can be found here: Speaker schedule

In the end all it took was 10 words from Draghi to roast the euro bears. But bond markets and C3X subs were readying for this move for about 24 hours now. Our trade room transcripts will reveal how truly frustrated we were at how forex markets lag the bond markets. We were long EU at 1.2120 and waited hours and hours to see this move today. We were long ES at 1328 for over 24 hours fully in knowledge of this super move to 1350 to come in one jerk action. C3X is always early but it will wait like cheetah waits for its preys. We long EUR/USD, LONG EURJPY AT 94.4 (still on), long EURAUD, Short USDCAD, Long CADJPY and Long ES from 1330. Check what they have today. Each of those trades had a basis and logic behind it.

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

1. The July Live Trade Sheet
2. The July Live Trade Room
3. The Charts corner
4. C3X Performance FX portfolio
5. The Bond auction schedule can be found here: Bond schedule
6. The speaker schedule can be found here: Speaker schedule