FinancialGamblR

FinancialGamblR Updated 

Despite weaker than expected economic releases this morning with month over month manufacturing production dropping 0.2% and no month over month GDP growth, this pair is still rallying. Both last week and the beginning of this week, we tested the weekly level to determine if it would hold up. I have taken this trade last week actually on the retracement and it has...

FinancialGamblR Updated 

I actually published a trade idea on this pair before, but off of the weekly time frame where the trade held resisted over on the weekly time time frame. However, I did want to scale into this trade as I was not able to catch this trade right at the weekly resistance. Seeing this hourly time frame, we can observe a rejection bar that signals this pair will most...

FinancialGamblR Updated 

The US dollar made a significant rally against the Japanese yen for the past few days and weeks even. From a technical standpoint, the weekly time frame signals a huge indecision with regards to last week's price action. The pair traded higher, but ultimately closed not far from its open. This signals that the bullish momentum could be over and we may be seeing a...

FinancialGamblR

While this is a weaker level over on the daily time-frame, on the 4-hour, you can see that price has stalled. After two indecision bars, the last 4 hour session was met with a sell-off. We are not waiting for confirmation on this trade in order to maximize the reward to risk ratio. I have taken this trade with a modest 25 pip stop loss. Profit target has not been...

FinancialGamblR Updated 

US dollar strength continues to dominate as Non-Manufacturing PMI dominates beating expectations coming out at 61.6. This shows continued economic expansion. Over on the equities side, amazon voluntarily raised worker wages to $15 an hour ahead of minimum wage. While this is somewhat a surprising move, it is a sign that the US labor market is tightening and worker...

FinancialGamblR

Over on the 4-hour timeframe, I would like to wait for price to retrace to the intra-day dashed line before taking a trade.

FinancialGamblR

This pair made a relative high two weeks ago and we are now continuing in the second week of a sell-off. However, this trade is still waiting to take place. given the current moving average consolidation and acceleration away from the averages, the momentum is picking up. However, over on the lower time frame, I do not have a clear opportunity to take a short...

FinancialGamblR

This is a pair I am currently watching after I exited the USDJPY pair. While I don't think it is optimal to enter into USDJPY anymore because of its rally, I do think the Japanese yen still demonstrates a fundamental weakness. US dollar strength continues to dominate as this week's PMI figure still points to economic expansion (even though it is slightly slower...

FinancialGamblR Updated 

Given tomorrow's optimistic expectations of the rate hike by 25 bps, The S&P 500 is expected to be bullish. However, I am looking at this from a technical standpoint.

FinancialGamblR Updated 

This pair is holding on both daily and weekly levels. I''m currently entered long on this daily time frame. Will be expected to keep holding and slowly move my stop loss higher. Will not be too detailed on my trade, that is reserved for my site.

FinancialGamblR Updated 

Finally took this short trade because there's a few things going on here that I believe point to a bearish momentum. Let's break down what we're seeing. 1. Bearish rejection bar: that breakout is deemed false. It is no longer holding up. 2. The bullish bar after the bearish fakeout is much smaller. It signals that for the past day, we might've experienced short...

FinancialGamblR Updated 

Macro-Economic Outlook: The US dollar continues to remain bearish for me over on the daily time frame especially against the euro 0.01% . Fundamentally speaking, the Federal Open Markets Committee is expected to reinforce a cautious, gradual hike. It is highly unlikely that we will see a further rate hike given the current trade tensions faced within NAFTA and...

FinancialGamblR Updated 

Macro-Economic Outlook: The US dollar continues to remain bearish for me over on the daily time frame especially against the euro. Fundamentally speaking, the Federal Open Markets Committee is expected to reinforce a cautious, gradual hike. It is highly unlikely that we will see a further rate hike given the current trade tensions faced within NAFTA and China....

FinancialGamblR

Over on the price action, we can see that the technical level is not holding up. A previous level where price has bounced is now struggling to hold up. The break out last week was quickly met with selling pressure. Sellers were more than quick to fill orders above that extreme. A snap election in November will most definitely introduce further volatility to the...

FinancialGamblR

The latest bullish bar was quickly returned to the original levels. I held a long position for close to a week now and recently exited on Friday's close. Perhaps on Sunday's open, I will reconsider opening another trade provided that the dollar's strength is still stronger than the yen.

FinancialGamblR Updated 

I was already entered in this trade, but it was published on Twitter and not here. Currently close to +100 pips (actually +96 pips), my targeted exist is listed as shown to be 113.16. I will look to close out either a portion of my position or even just my entire position next week. US dollar performance has been mixed acting bullish over on USDJPY, but bearish on...

FinancialGamblR

Over on the weekly time frame, you can see that this is a down week. However, price is retracing back quickly recouping the drops earlier in the week.