It is a US holiday and hence no new trades. No better time to dwell upon some charts and setups. Am sure you have had a chance to look at P&F charts. Gold on the P&f seemed to put up a new Bullish PO so take note of that one. We will keep that one at the back of minds when we decide to trade GOLD next.

Lets look at some more conventional charts starting with VIX and then ending up with those proxy volatility charts but this time on credit markets.

You need to be a subscriber with Captial3x 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.

Summary: Markets are on a one way street. It has been over 20 days since this uptrend started and from the charts above, the feeling you get is that there may be yet some more to come before we call the top esp on the equity index.

Important Links at Capital3x

1. The Trade Copier
2. The Jan 2013 Live Trade Sheet
3. The Live Trade Room
4. The Charts corner
5. Trade Copier
6. C3X Performance FX portfolio

Capital3x provides the ever reliant intermarket signals for its subscribers. They are absolutely free to our subscribers. TRADING MEMBERSHIP SUBSCRIPTION

The Indicator links are provided here:

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

Mark

It has been tight range day with light volumes across forex pairs. The EURUSD orderbook last updated stood like this:

EURO-DOLLAR orderboard
$ 1.3500 Option barrier
$ 1.3485/90 Strong offers
$ 1.3450 Strong offers on approach/Option barrier
$ 1.3420/30 Medium offers, mid east mentioned
$ 1.3404 Int.Day high Asia
$ 1.3355/50 Medium demand
$ 1.3335 Int.Day low Asia
$ 1.3335/20 Medium demand
$ 1.3310/00 Medium demand/Stops
$ 1.3285/80 Medium demand
$ 1.3248 Friday low/Medium demand $ 1.3250 area.

TNIFEED

We will look at some short term trading setups including ES futures, GOLD, eurusd, audusd. Join me below. The first setups is for all visitors.

ES is at the 50 SMA at 1465. We have had an attempt at 1470 which was resisted. The trend is strongly up as long as we take support at 1441.

You need to be a subscriber with Captial3x 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 Trade Copier
2. The Jan 2013 Live Trade Sheet
3. The Live Trade Room
4. The Charts corner
5. Trade Copier
6. C3X Performance FX portfolio

Capital3x provides the ever reliant intermarket signals for its subscribers. They are absolutely free to our subscribers. TRADING MEMBERSHIP SUBSCRIPTION

The Indicator links are provided here:

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

The Point and figure charts were covered here: Weekly Point and Figure charts

The performance for last week was here: Performance for week of Jan 13

We will now look at some important technical setups on the daily trends and also on the weekly where it is needed. We begin with some currency setups across AUDUSD, EURAUD, USDCAD, Dollar Index, EURUSD, USDJPY and then move on to ES and bond charts. The point and figure charts covered Gold charts. I have nothing more to add to that analysis on GOLD.

Not a good sign to see AUDUSD close inside the upper BB after closing above that. Technically that is a bearish sign in the short term. A pullback could easily extend down to 1.0470.

I hope you are in the EURAUD when we went long at 1.2560. I mentioned in the trade room that we are targeting .2770. The hold at 1.254 was critical and now it is in a mood to trend up. This does not bode well for AUDUSD.

On EURGBP, we went long at .8209 just outside the BB. As walsy the rule stands, if a pair is ready to close out side its upper BB on daily, go long. The logic being that there was enough reason to push that pair to outside its normal volatility channels to push it further.

USDCAD made a tentative go at .9820. We checked 3 charts on friday to understand the importance of .9820. The first attempt at that level has met with serious support as prices raced back to .9855. But then it closed under .9855 and hence is now ready for another dash at .9820. A close under .9800 will have new targets on the downside.

You need to be a subscriber with Captial3x 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.

              

Important Links at Capital3x

1. The Trade Copier
2. The Jan 2013 Live Trade Sheet
3. The Live Trade Room
4. The Charts corner
5. Trade Copier
6. C3X Performance FX portfolio

Capital3x provides the ever reliant intermarket signals for its subscribers. They are absolutely free to our subscribers. TRADING MEMBERSHIP SUBSCRIPTION

The Indicator links are provided here:

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

Welcome back to our weekly charts and analysis from the point and figure space (read long term in the context. We continue our series on Point and Figure charts from last week. Mark will update with his technical picture later in the day or tmrw.

As advised a few of the charts and setup have been kept free. We will cover Gold, SPX, EURO Index, Yen Index, AUD Index.

We have had a remarkable opening to 2013 but from the point and figure charts nothing is out of place. To study the point and figure charts beyond what I provide here, you must acquaint yourself with the various patterns on markets. There are at least 12 patterns which we deal here but modern point and figure charts have over 40 patterns to study. Point and Figure charts are not just about a few zeroes and crosses but it is useful in identifying specific patterns. I agree that once the pattern has been found, finding the bearish or bullish PO is a matter of mathematics that is not to put two finer points to it.

We are at a crucial level on the SPX. It is so crucial that it will need a resolution as early as next week preferably Monday. On 2 Jan 2013, SPX had a double top breakout with a bullish PO of 1600. On friday, the target was revised up to 1615 but please note the triple top in place at 1472. If we do break out and close above 1472 we could see a major rally towards the bullish PO. Mind you the P&F targets are Longer term in nature.

The yen index met its P&F bearish PO at 119. There are no new patterns to trade on yen p&f.

You need to be a subscriber with Captial3x 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.

The euro index has an ascending triple top breakout at 132.5 on 11 Jan 2012. This has given us a new bullish PO at 139.5. Watch out for any high pole reversal for a neutralisation of the bullish PO if at all.

The Australian dollar has bullish PO at 108. There was mini double top breakout at 105.4 on 10 Jan 2013.

GOLD has no new targets as it met its previous bearish PO at 1660.

1. The Trade Copier
2. The Jan 2013 Live Trade Sheet
3. The Live Trade Room
4. The Charts corner
5. Trade Copier
6. C3X Performance FX portfolio

Capital3x provides the ever reliant intermarket signals for its subscribers. They are absolutely free to our subscribers. TRADING MEMBERSHIP SUBSCRIPTION

The Indicator links are provided here:

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

What a day to compare the performance of Capital3x indicator Falcon EURUSD. It went buy at 1.3066. Something was changing in the short term downtrend of EURUSD. Once it broke 1.3090, the pair went ballistic.

Here is the indicator for hourly EURUSD. As you can see indicator caught the entire wave of buying to 1.3260.

If falcon eurusd was impressive, wait till you see falcon eurjpy.

The indicator on EURJPY went +1 at 114.75 on Jan 9 and in 24 hours it has made over 200 pips.