Month: April 2016

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USDX testing support for 6th time

USDX testing support for 6th time

Since my last update on the USDX, price tested 94.61 resistance and came down again. Currently price is slowing moving back to the 93.78 support area. I would be looking at 93.78 support closely to see if buyers are coming in or not. The current support level is the 1 year low area for the…

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Is the world going to be introduced to Trump?

Is the world going to be introduced to Trump?

This morning, Donald Trump easily won New York’s Republican presidential primary Tuesday, a significant home-state victory that is likely to give new momentum to the GOP front runner’s campaign after weeks of turmoil. With the possibility of the world being introduced to the President Donald each day, lets study his proposal as President. a) He…

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+6131 Pips on USDCAD trade

+6131 Pips on USDCAD trade

Final decision, I decided to closed all my open trades on USDCAD which I’ve been holding for the last 2 months with a total profit of +6131 pips! I remember Justin Khoo, my trading sifu alerted us on Jan 11, the setup to short USDCAD has finally arrived, Justin himself already pocketed +350 pips. And…

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USDCAD has hit a crucial support

USDCAD has hit a crucial support

USDCAD has hit a crucial support of 1.2743. I would be monitoring this support level closely, a break below this crucial support would see USDCAD hitting my first target profit of 1.2600. Been shorting my good friend USDCAD since January 2016. First round of profit were taken out early January and when we detected a…

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SPX losing steam?

SPX losing steam?

I have been writing about shorting the SPX since Feb 29. As you can see, I was not able to short the market at all my WAWS levels as there wasn’t any signal at the said levels till now. Yesterday, we had a toppish signal from the SPX. I am looking to short the SPX…

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USDX at crucial support

USDX at crucial support

The USDX is trading at a crucial support which I gave on April 4th. No buy signal as yet from this level. If price closes strongly below 93.79, then the USDX could tumble to 91.13.  Since the FED sees that the weakening demand abroad and a relatively strong dollar are causing the trade deficit to…

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