Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

Thursday, June 26, 2008

Stock trading, Forex trading (currency trading) Positioning for tomorrow Friday

Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

New Policy: To Read The Market Analysis Reports Generated By Our Proprietary Models,
You Now Need to Subscribe. Fill Form Below. Subscription Is Free.
Get Instant Access to the Latest Report, As Soon As You Submit the Form Below.
NOTE: You will also receive access to hundreds of articles on this site. The articles are not visible on this page.
(To sign Up for by invitation only blog and to receive trading 'secrets" email me at

Write whatever you want in subject and body including EMPTY emails.)

I am continuing to position myself for tomorrow. Rationale was given in first afternoon post.

1. NDX is up in after hours trading, which means that going long half size towards the close was a good idea. (read the rationale).

2. Now I am starting to short EUR/USD in area of 1.5760. This is compatible with my view of possible price action tomorrow morning in NDX. The reason is that if EUR/USD goes down, this would mean stronger dollar, and with it posssibly retreat of commodities (particularly oil). Therefore this could be given as a "reason" for a possible rally in the morning tomorrow.

I should be flexible in my views, and I may change them if my analysis changes.

The 1875 to 1880 area is now the first resistance, in which I expect to offload the half size NDX position.

If they gap down NDX, I would expect it to be down in area of 1845 to 1850, but we will know in the premarket session tomorrow.

Finally, the short of NDX in area of 1950 just 6 trading hours ago seemed foolish at the time, but time reveals the truth!

Happy trading (if you trade after hours and/or if you trade asia and/or forex )

To Receive Market Forecasting/Timing Reports, and Other Special Trading Reports: Enter your email address in the form below, and click submit. Your subscription is at no cost to you and you can unsubscribe at any time. You will receive our special market timing reports, trading reports, and other specials available for members only. We reserve the right to withdraw or terminate this FREE subscription offer at any time. Therefore, secure your subscription now as we do not guarantee that this offer will be available at your next visit to this site.
Happy trading,


Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Privacy Policy