Archive for July, 2007
All Bets Over Now!
By Marek W. Stupka | July 29, 2007
In the last post, I published a very simplified technical analysis on the recent EURUSD development. I also teased you to bet against my analysis.
I recieved quite impressive number of replies, in most of which you have agreed with what has been posted. Anyway, the answers also included one serious offer (from Michael, New Jersey, US) to bet $10,000 against my market prediction.
Michael, I decided to kindly refuse your offer. Seriously now, I don’t want to rob you of your money. Have a look at the charts now - you would be losing cash as we speak. It is only one week from the previous post, and the Euro has lost more than 200 pips against the greenback. That would mean: you lose $2.000. And we still have one week to go.
I have another idea - more money-efficient for you. Subscribe to my 1-on-1 Training. This way you will learn how to predict certain market moves - and make money on them.
Topics: Miscellanous | No Comments »
Dollar to Tumble Big Time?
By Marek W. Stupka | July 21, 2007
Over the last few days USD felt to its all-time lows. The move was caused by no fundamental event. What happened? US Bonds and the Dow have the answer.
Wall Street has seen another one of those unexpected and shocking weeks. Ten year bond yields broke below the psychologically important 5 percent mark. In addition, the tripple digit losses in the Dow Jones Industrial Average, that traders learned to live with already, are very likely to extend even further in the course of the next week.
Due to the above, the Dollar felt sharply, and the Euro skyrocketed to all-time highs.
Many might be wondering if this is the end of the long-term Euro uptrend, or if we are going to see a real meltdown of the US currency in the days and weeks to come.
The answer, as any other future prediction of the FOREX markets, is in no one’s powers to state with 100% surety. However, we, technical traders, work with probability, and thus are able to say that it is possible - or better yet, probable - that it is only a quesiton of time till the greenback falls, and falls hard.
Have a closer look at the 1d chart for EURUSD above. It is the same as the first one, but it also comprises a couple of basic tools of Technical Analysis. Even according to this very simplified study of the EURUSD, it is quite clear that the Dollar is about to consolidate in the following days or even weeks.
This is to all of you American patriots - there’s no need to worry. At least not yet. Greenback still remains the Nr.1 curreny, although it’s reputation is already a bit damaged. And as far as tumbling big TIME is concerned, it is unlikely to happen in the near future.
No doubts, the prevailing trend is undoubtly Euro bullish, but at this point it seems very likely that, technically, the EURUSD pair is very well positioned for a temporary consolidation, if not a reversal. Want to bet? Contact my secretary at info@gepardinvestments.com. Anyway, make sure you’re “loaded” - I only accept bets equal, or higher than, $10,000. Here’s the deal: starting from Monday next week, with every 100 pips the Euro loses against the US Dollar, I get $10% of your money. And vice versa, if the Euro climbs 100 pips, you get the same amount from me. The offer stands open for two weeks…
Topics: FOREX Trading Analysis | No Comments »
Ichimoku Freak List
By Marek W. Stupka | July 20, 2007
Ichimoku Kinko Hyo is a traditional Japanese trading strategy that holds a very unique approach to trading. It is fully covered in one of the 1-on-1 Trading lessons.
Have a closer look at the 1d chart for USDJPY above. It comprises the Ichimoku Kinko Hyo trading strategy. The complex guide on how to use this strategy is fully covered in one of the lessons of my 1-on-1 Training.
If you like Ichimoku, you are encouraged to send me an email with the request to add you to my Ichimoku Freak List. Once on the list, you will receive updates on the real mid- to long-term Ichimoku trades that I plan for my own trading.
Topics: FOREX Trading Systems | 6 Comments »