You need to be a subscriber with Captial3x Trading portfolio 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.
Capital3x bond market indicators continue to shine with regular brilliance at display. It keeps racketing up 50 pip winners and 10 handles winners on EUR/USD, EUR/JPY, USD/CAD and on ES futures with alarming regularity. A system so powerful and so transparent has never been released for internet forex trading. We stand by the indicators even after you subscribe and hence there are constant market studies to share on how we are using these Indicators.
The Gladiator has now turned trumps on 5 occasion in May making over 10 handles. That is 40 handles. Depending on your leverage, that should be a mighty profitable month. The new of false signals, Gladiator has returned over 40 handles. If you had you own target setting system, Gladiator would have made even more money as two of these occasions, ES moved over 20 handles from the time the signal was generated. That makes it over 60 handles for the month. But a simple rule like aiming for 10 handles every time the signal crosses +1 or -1 should be intensely rewarding. Yea I know what you are thinking. Is it really possible that it can keep throwing these winners each and every time. Yes it can but be ready with your stops to take out false signals.
The Falcon EURJPY hourly charts went short at 101.22 and last prices were well and truly below 100.5. The target of 50 pips from the point of crossing of the Falcon was achieved. It is another matter that it was still falling to 100.3 when I wrote this.
The Falcon EUR/USD has been quietly chipping 50 pips on Long and Short trades. It went long at 1.272 and by the 50 pips target rule, would have taken out your targets at 1.277. It then went short at 1.272 once again taking your targets of 50 pips at 1.2670.
Target Setting: Scalping Strategy
The 50 pip and the 10 handle target rule is a conservative scalping strategy to be applied on the Falcons and the Gladiators. Remember there will be false signals on the way but either they will not cause you much harm given it is not more than 15-20 pips or it will neutralise way before you are harmed.
- The May Live Trade Sheet
- The May Live Trade Room
- C3X Performance FX portfolio
- The Bond auction schedule can be found here: Bond schedule
- The speaker schedule can be found here: Speaker schedule
Indicator Membership: INDICATOR MEMBERSHIP
Mark
You need to be a subscriber with Captial3x Trading portfolio 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.
We noted the inside days in yesterdays charts on USD/JPY, CAD/JPY. While Inside days themselves are powerless to project a path, when combined with other parameters can be a powerful tool. It is not a secret that we rely on it quite a bit for trading counters.
As noted USD/JPY had an excellent inside day after a particularly strong downtrend from 84.32 to 78.82. The Inside day yesterday had a high of 79.44 which was one pip lower than prev days high of 79.45. The result was lip smacking breakout of 79.5 today Asia as UJ raced away to 79.7 which is where we entered our long trade. We were late but there is so much left here to be taken. Congrats to subs who took it at 79.45 which was the best level to take this pair LONG.
CADJPY has a similar setup to USDJPY as it too had an inside day. It has already move 60 pips off its inside day setup.
AUD/JPY we noted the convergin 100 and 25 BB lower boundary. That was strong enough to evoke a 100 pip rally for AUDJPY. We caught nearly 70 of that as we closed our trade at 79.
As noted in yesterdays post, Italian 10 year has done well to retain 100.5 which is giving real strength to advance over 102. But strangely EU has been weak even with tad weaker bonds across EU.
EURJPY on hourly is still going strong but the long trade only becomes interesting at 101.41 which is the lower BB line for 25,2 range.
USDCAD is still fighting all those demons at 1.00220 levels but this time it is fighting it inside the range rather than outside the range. The probability of this resolving to the downside is much greater but given dollar new found strength, anything is possible. You sign to go long will be a breach of 1.0230.
You need to be a subscriber with Captial3x Trading portfolio 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.
EDIT UPDATE: 6 HOURS AGO
Charts and trend status quo from NY close yesterday. Continues to support our thesis of a bottom for ES at 1295 and a continued advance above the minor cluster at 1315. Let me begin todays analysis and charts with our staple charts from the intermarket space.
I would first like to point to Gladiator buy trigger at 1306 on 21 May 2012 as Indicated here.
Gladiator has been performing very well catching above 10 handles moves on both sides of the markets. The long was triggered yesterday at 1306 and still stands at 1320 levels.
Trading Membership: TRADING MEMBERSHIP SUBSCRIPTION.
Indicator Membership: INDICATOR MEMBERSHIP
You need to be a subscriber with Captial3x Trading portfolio 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.
- The May Live Trade Sheet
- The May Live Trade Room
- C3X Performance FX portfolio
- The Bond auction schedule can be found here: Bond schedule
- 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
Mark
Thats it for now folks.
You need to be a subscriber with Captial3x Trading portfolio 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.
Charts and trend status quo from NY close yesterday. Continues to support our thesis of a bottom for ES at 1295 and a continued advance above the minor cluster at 1315. Let me begin todays analysis and charts with our staple charts from the intermarket space.
I would first like to point to Gladiator buy trigger at 1306 on 21 May 2012 as Indicated here.
Gladiator has been performing very well catching above 10 handles moves on both sides of the markets. The long was triggered yesterday at 1306 and still stands at 1320 levels.
Trading Membership: TRADING MEMBERSHIP SUBSCRIPTION.
Indicator Membership: INDICATOR MEMBERSHIP
You need to be a subscriber with Captial3x Trading portfolio 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.
- The May Live Trade Sheet
- The May Live Trade Room
- C3X Performance FX portfolio
- The Bond auction schedule can be found here: Bond schedule
- 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
Mark
We would like to point your attention to the specific trade given to Capital3x subscribers on May 21 on a short EURAUD.
The EURAUD on weekly is easing off its upper BB 25,2 at 1.30 levels. This is again turning down to 1.2541 which is the weekly mid line of the BB.
On the the 60 min, we gave our call to our subs at 1.2965 on May 21 2012. The pair stochastics and oscillators of vortex are well and truly on the downhill suggesting further downside to 1.2750.
The EURAUD daily is combining well with the weekly which is daily 100 BB upper line at 1.301. The level has instantly protracted a reaction below 1.30. The target on the daily is now at 1.2540 level which is in agreement with the weekly charts as well.
Just flash back to March 2012 when we provided the following trade call on EURAUD at 1.2640:
These were our updates relating to EURAUD and I feel elated that they have done exactly what was required off them.
EURAUD breakout
EURAUD headed on course
Trade logic for EURAUD
We have now closed the trade and are now reversing it and already in the money by 65 pips on Short EURAUD.
Mark
The joy of seeing your targets reach and analysis being spot nearly 1.5 months after it was given out can sometimes evoke more celebration than the joy of banking coins.
It is business as usual as market overextend and test out resistance zone with minor spikes through them. Keep a tab on the falcon and gladiator to give you heads up and as it cuts out of neutrality zone, it is time for you to load up on the trade.
The market has been painting some beautiful patternms and setups. The question is whether you have been looking for them. Well let me then point you to some. Pay attention to those yen charts (USD/JPY, EUR/JPY, AUD/JPY and CAD/JPY).
Lets begin today with a few forex setups but I want to start with a chart and analysis of a pair which has just achieved our 1.5 month old target. EURAUD longs hits 1.30 from 1.2640.
Forex Market Update
EURAUD finally met our target of 1.30. We noted in March of how the EURAUD was a clean breakout at 1.2640 which was the 3 M high horizontal breakout level. It is rare for a pair which has broken out the 3M highs to not make 300-350 pips at least. It has been a textbook style move as the breakout went as high as 1.284 before coming and testing the 1.2640 levels again before moving to its target 1.30.
These were our updates relating to EURAUD and I feel elated that they have done exactly what was required off them.
EURAUD breakout
EURAUD headed on course
Trade logic for EURAUD
I wish I had something new to share on USDCAD as it lingers at the top of the band at 1.022 levels. I expect a retest of 1.0063 and even .9991 levels which is the 100 SMA on the daily.
EURUSD picks off from 1.27 levels which was noted in my last post about the relevance of the triple top on DXY at 81.75. Duly EURUSD tested 1.27 again but quickly reversed back to 1.2779 levels showing there are orders waiting at lower levels.
You need to be a subscriber with Captial3x Trading portfolio 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.
Let me close at that and lets wait for confirmation before we put on more trades. This has been a great month and lets keep it like that.
- The May Live Trade Sheet
- The May Live Trade Room
- C3X Performance FX portfolio
- The Bond auction schedule can be found here: Bond schedule
- 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
Trading Membership: TRADING MEMBERSHIP SUBSCRIPTION.
Indicator Membership: INDICATOR MEMBERSHIP
Mark
You need to be a subscriber with Captial3x Trading portfolio 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.
We have been having a superlative run in May. But we have little time to gloat over what we did in the last 10 days. Time to look at some weekly charts as Asia opening draws closer. The verdict is at the end of the post but dare you not read through all my charts before reading the conclusion. I have spent hours on a sunday late night to pick setups for you. So please give me an audience and read it. 
Falconfx EURUSD has been strongly positive on the hourly since 1.2717. The pair closed at 1.2780. As charts below will tell you of the story the pair is spinning.
The VIX/VXO ratio was at decade highs when I noted its important relation ship on how it is predicting a major correction for the markets in about 2-3 weeks. The market correction begins well after the ratio peaks. Sure the ratio touched a peak while SPX was at 1380 levels.
The put call ratio takes a peak at 0.99. We know when this ratio peaks, markets tend to put in a bottom. Why? The answer is simple as retails starts buying more puts which are being eagerly written down by banks, markets will once again make the retail hold the bag while the banks run with their loot. In fact what we saw last week was fear being pushed down retail throat while markets look to be bottoming.
Forex Setups
I did had a setup on this last week with a long at 1.58 and a stop at 1.5779. Now that is tight trade but even then logic behind the trade is still standing. Watch the hammer at 1.5730 as the pair fights back above the mid 100 BB at 1.58 and closes at 1.5812. That is bullish!
USD/CAD stands at the upper BB line of 100 D BB at 1.0222. Now unless CAD wants to defy what we see on the dollar charts, we should see technical weakness on USD/CAD going into the week.
The EURUSD on the daily has just got its strongest green candle for the month of May. Do not ignore this as we see confirmation on dollar index charts and the USDCAD charts.
On the hourly, we see clean breakout with Falconfx EU very strongly positive as shown above.
On the weekly, EUR/USD has tested its weekly support at lower 25 BB line at 1.270. On the weekly charts the stops have to be well and truly below 1.27 aiming for 1.310 levels.
ES(SPX Emini futures) Setup
The weekly chart volume hole at 1290 is being filled but further falls looks entirely likely but somehow given the contradicting signals from other markets, we would like to long ES above 1321 for a move to 1347.
Commodity Setups
The Gold daily chart looks better than the weekly which still needs a few days of upward draft. The daily is aiming for 1619 level but we will wait for some testing of 1570 levels to get in on this one.
The weekly prices tested the 100 WMA at 1525 before rebounding to 1591. Read our last week updates and see what we said? 1525 was the 100 WMA, a line untouched since 24 months. This line guards the sanctity of Gold uptrend.
Oil charts on daily need some serious retrace before we can load any trade on them. The damage has been
The Oil charts on weekly are abysmal the least to speak. It has broken through 97.54 levels but given that was the previous breakdown level, we may want to see a test of that level again.
The dollar index is at critical levels here. A picture is worth a 1000 words. How well does this level at 81.75 sum the situation in the market and my bias at that. 81.75 forms the third consecutive daily test level and yet the line has not given way. Whats more is that the line forms the upper range of 100 BB line. This has the potential to push dollar down back to 80.03 levels.
quite severe.
Bond Setups
The daily charts are closing above the 100.12 level which is the mid of 25,2 BB line. We should see some reversal back to 100.77
The Italian 10 year weekly closes above the weekly 25,2 BB mid line at 99.35 which should evoke a move higher and hence also pull the EU upwards.
Verdict: Things on risk assets are tending to bottom out while there are still few contradicting signals but they have reduced in number from Thursday when I was completely confused which is why trading was light on Friday. Now that we have some confirmation courtesy Dollar Index, EUR/USD, Falconfx, USD/CAD, there is some level of confidence that we may see some kind of reversal in short term but even then we need to wait for couple of sessions or three to ascertain if things stand as I wrote above.
- The May Live Trade Sheet
- The May Live Trade Room
- C3X Performance FX portfolio
- The Bond auction schedule can be found here: Bond schedule
- 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
Capital3x Memberships
Trading Membership: TRADING MEMBERSHIP SUBSCRIPTION.
Indicator Membership: INDICATOR MEMBERSHIP
Mark
Hear Trader
Captial3x.com
