Choppy retracement day for EURUSD 19 Oct 2009

Hi all,

as EURUSD is going for a retracement with sellers looking for a lower low, expect the 1.4820 support to come under testing today. Trading plans would benefit if the aim is to scalp for 10 to 20 pips.

Trade with care and stick to the plan.

Regards,

Siwei

Both side rejection for EURUSD on 12 Oct 2009

Dear All,

today will be a choppy day as trading volume and volatility is reduced with the US and Japan market having their bank holiday. Expecting sellers to test 1.4650 in the slow downtrend today in the London session and buyers to push EURUSD towards the 1.4720 area for a higher high area.

Plan your trades and enter when there is good criteria for today.

Regards,

Siwei

EURUSD a downclose day on 5th Oct 2009

Hi all,

expecting a downclose day for EURUSD.

Selling strength will pick up after good rejection at 1.4462, else the retracemet phase of EURUSD will try fora higher high around 1.4705. As this is an inside day, trade with a plan and enter only when there is a good setup.

Regards,

Siwei

EURUSD a downclose day

Hi all,

given the recent strengthening of the USD this morning across all pairs, do plan your trades first before entering a position. Remember not to chase the market and enter with the trend.

Regards,
Siwei

EURUSD choppy retracement 21 Sep 2009

Hi All,

expecting a sideways market for the better part of today as bears are fighting for control over for a bigger retracement. As this is an inside day, market movement will be choppy and this is expected as buyer's strength and momentum have weakening considerably.

Buyers support would be tested when sellers push for a low below 1.4640 and Sellers try to hold off the any attempts of a high above 1.4732.

As Japan is having is bank holiday week, only enter positions which offer good reward potential as there is a lower volume and increased volaility.

Regards,

Siwei

EURUSD choppy retracement 14 Sep 2009

Dear all,

expecting a choppy retracement for EURUSD as the market attempts to create a higer low area before the next bullish continuation. If sellers are not able to break out of the channel, do expect buyer's advantage along with the strong uptrend to try for higher highs.

Regards,

Siwei

EURUSD shooting star on 11 Sep 2009

Dear all,

expecting another choppy session during the US sesison today and EURUSD to close as a shooting star today as its facing its first resistance levels at 1.4677.

As buyers are having some problems closing above 1.4600, do remember to take reasonable expecations for your posistions.

Regards,

Siwei

USD Bank holiday today

Dear all,

be careful for all your usd pairs today as its a Bank holiday for USD.
Market volumes and voltility will be low during the US session.

During the Asian and European session, do trade carefully and only enter a position when there is a good setup. Remember to set reasonable target profits for your scalping trades today.

Regards,
Siwei

6 Sep 2009

Dear Graduates,

7 Sep 09 is a holiday for banks in USA. The market is less volatile and the bid spread could be bigger than normal. Consider the Risk Reward Ratio before you enter any trade.

EURUSD a sideways day 31 Aug 2009

Dear All,

expecting EURUSD to be largely a sideways day today.
There is the potential of a bullish breakout that would face rejection around 1.4320 where buyers may find support at the 1.4280 and 1.4250 level.


Else, with the lower volume during the European session, EURUSD would most likely stay within the sideways range as markets try to build in some anticipation for Thursday and Friday's New release.


Trade with a plan and avoid taking a position if the market doesn't move as planned.


Regards,
Siwei

28 Aug 2009

Dear Graduates

There are 2 important news that will be released today which will affect GBP and CHF.

4:30 PM GBP
5:30 PM CHF

A review of the market shows top side rejection and bottom rejection for the 4 major pairs. Short term mode is out. Scalping and the most Intra day mode are to be used while trading.

There could be potential for CHF today for buyers. Strong support at around 1.056 on the daily chart.

EURUSD small upclose today

Hi All,

expecting EURUSD to be a choppy day as buyers try to create a higher high area despite their weakening strength. EURUSD could stretch out to be a sideways market for a good part of the day as both sides rejection restrict EURUSD between 1.4350 and 1.4320.


Buyers rejection could come in to test the multiple support levels during the day and potentially close as a small downclose day if they succeed in taking control of the market today.


Trade carefully and when in doubt, stay out.



Regards,
Siwei

USDJPY Small downclose for 17 Aug 2009

Hi all,

choosen USDJPY as the pair to concentrate today as its more trendy compared to EURUSD.

Expecting a smaller downclose as sellers try to break the 94.40 support today.

Market volatility and strength seems to be thin at the moment, so do take note of reasonable target when trying to scalp USDJPY today.

If sellers are unable to gather sufficient strength to close lower today, USDJPY should be a small upclose day between the 95.30 to 95.80.

So trade well and trade safe.

Regards,
Siwei

USD JPY 14082009

USD JPY is expected to close today with a downclose day.
S1 - 94.76
S2 - 94.18

The market may move sideways during Singapore morning and will start to move in a downward trend in the later part of the day. There is one news that will come out at 20:30 PM affecting USD.

Trade with a plan and let the market comes to you.

EURUSD smaller downclose on 10 Aug 2009

Hi All,

as we have the FOMC statement and the FED Fund Rate on Thursday morning, do take note when trading on Wednesday.

Selling strength is expected to continue and push EURUSD lower for a smaller downclose.

Take note of the support levels at 1.4150 and 1.4100 as these would be tested when sellers come in for a bearish follow through.

In any case, enjoy your long weekend and trade safe.

Regards,

Siwei.

7 Aug 2009

Dear Graduates

Today major news -

4:30 PM that will affect GBP
8:30 PM Non Farm Payroll that will affect all currencies

Currently, the market is in a range. For those that are in the money before the Non Farm, please close at least half of your position to protect your capital.

Trade with care

Small candlebody for USDJPY and Choppy week ahead

Hi all,

this week we have a couple of important news coming out. Do note them down in your trading calendar and be wary of market conditions before and after the news are released. Take for example the interest rate announcements by the BOE and ECB on Thursdays and the Non-farm payroll on friday, these scheduled announcements will affect the market volatility and make it a bit choppy.

Expecting small candlebody for USDJPY today as we ride along the sellers momentum and look for a lower low area with this phase of bearish continuation. If there are not enough sellers, we could be looking at a sideways market or maybe small upclose as USDJPY bounces off the first support level of 94.60.

Regards,

Siwei

31072009

Dear Graduates, a check on the 4 curreny pairs show that the market is in a range. It is considered choppy. Trade with either scalping or the most Intra Day mode. Trade with a plan. If you are not comforable of trading, stay out of the market. Capital preservation is a MUST for any investment or trading.

There are 2 important news -

5:30 PM CHF
8:30 PM USD

We will expect the market to move a fair bit at these 2 time frame.

EURUSD small candle body for 27 July 2009

Hi all,

expecting a small candle body for EURUSD today.

Buying strength weaking in the uptrend with a good resistance at 1.4250 area.

Need to see more bullish candles with momentum for a good breakout above this resistance.

Else EURUSD might close as a doji for today as it bounces in a sideways manner between 1.4170 and 1.4230.

Regards,

Siwei

24072009

Hi Graduates,

USD JPY has a strong upclose candlestick yesterday. We may expect a follow through to take place. There is a strong resistance at around 95.30. Once the market breaks the resistance, we should expect an upclose continuation.

EURUSD an upclose day on 20 July 2009

Dear all,

the JPY market is having a bank holiday so do take note of the decreased volume and volatility in for all JPY crosses.

EURUSD expected to be an upclose day and after the initial move early this morning,
buying strength has weaken a bit and has not been able to trade out of the channel. Do remember to set reasonable target profits that are achievable in this market.

Regards,
Siwei.

EUR USD 17072009

To All, above is my forecast for EUR USD. There are 2 supports at 1.4068 and 1.4006 respectively using Pivot Point calculation on the Hourly Chart. EUR USD may be expected to come down breaking the first support and rest at the second support line.

Choppy day for EURUSD 13 July 2009

Dear all,

expecting a choppy day for EURUSD as the price action does not indicate that sellers' strength and momentum is increasing. Sellers might have more difficulty trading below the multiple support levels below 1.3900 such as the 1.3880, 1.3865 and 1.3850 support levels.

If selling strength is weak, we might see an inside day with an upclose where buying strength can push EURUSD to a potential high of 1.4015 today. Take caution when entering a trade and when there is strong entry criteria.

Regards,

Siwei.

10 July 09

Dear Graduates,

The market is moving in a range as the markets are cautious about the major financial centres reporting on the results next week. There is a FOMC on meeting on 16 July 09. Trade with caution.

EURUSD on 6 July 2009

Dear all,

expecting small upclose today for EURUSD.

Market is expected to remain choppy as sellers are testing the support levels at 1.3950 and 1.3930 for a lower low area.

Trade carefully and take note of good support area to take profits.

Regards,

Siwei.

3 July 2009

Dear Graduates

Today is a holiday for all banks in USA. Market may be expected to move in a range for today. Do trade with care!

2 July 09

Dear All Graduates,

There are news that will be coming out today at the following timing -

7:45 pm - EUR Minimu Bid Rate
8:30 pm - EUR ECB press release
8:30 pm - USD Non Farm Payroll and Unemployment Rate

Non Farm Payroll normally takes place on the 1st Friday of each month but USA National day is around the corner hence, Non Farm Payroll is brought forward to today. We will be expecting huge market movement from 8pm hence please trade with care.

Those who are not in the market during the release of the news, please stay out of the market.

EURUSD

EURUSD this week is jittery, one day upclose, another day downclose. Be careful when trading. Important news to note; ADP Non-Farm Employment Change, ISM Manufacturing PMI, Pending Home Sales m/m

EURUSD 29 June 2009

Dear all,

Expecting EURUSD to be volatile this week as we have two major events this week.
On Thursday, the ECB minimum bid rate as well as Independence Day holiday on Friday.

This might result in a sideways week with the likely supports at the 1.3800 to 1.3850 levels while 1.4110 is a strong resistance level this week.

Do trade with care and always remember to set reasonable profit targets.

Regards,
Siwei.

26 June 09

An overall view of the market shows that it is moving in a range. There are more potentials for Scalping and follow by Intra day.

There will be news release for EUR at 4pm and GBP at 4:30pm. Expect the market to move more from 4pm on EUR USD.

FX news

Big news overnight in the FX world was the moves in EURCHF defending 1.5000 levels and USDCHF 1.065 which smacks of SNB
intervention, reminiscent of BOJ interventions in USDJPY in 2003-2004.

FOMC meeting - the flavor of the Fed's outlook was unchanged. It continued to expect economic activity "to remain weak for a
time" and see a "gradual resumption of sustainable economic growth." Increased risk of inflation as the Fed dropped the
'downside risk to inflation' references. - Saxobank

USDJPY Downclose Day 22 June 2009

Dear all,

expecting USDJPY to be have more downside potential as continues on its follow through.

More seller's advantage for today as sellers try to break the support at 95.30 to close as a bigger downclose day.

Regards,

Siwei.

EURUSD 190609

Hi all, EURUSD has low upside potential today. From the trade above, with the support line still intact and the trade in the money, we shifted the SL to entry.

EURUSD Small candle body today 19 June 2009

Dear all,

Expecting EURUSD to have a smaller candle body and true range as buyer's stength and momentum weakens. Today's market movement would also be choppy and the trading volume is considerably lower.

So trade with care and set realistic targets today.

Regards,

Siwei.

EURUSD Small Upclose Today 17 June 2009

Hi All,

Expecting another day of upclose today with increased market volatility today. This is another test of buyer's strength and momentum before forming a bear flag by Thursday.

Regards,
Siwei.

EURUSD 160609

A trade done on EURUSD based on resistance, sell @ 1.3870 with RRR 1:2 . We are expecting a small downclose today(trade realistically). Expect some clustering around the square box before heading south. Note: do not chase the market. Trade with care! info@mmtta.com for more detail

Eur/Usd 16 June 09

Hi all . EUR found immediate support at 1.3750 for the day . looks like weak buy and might go back to closing wedge . be careful of the range . trade with care . for any questions email  info@mmtta.com

EURUSD Downclose Day for 15 June 2009

Dear all,

EURUSD is expected to be a downclose day for today. With Friday's dark cloud cover and at a lower high area, the precise entry point (1.3960) was determined by the supporting trendline in the hourly charts.

Target profit and stop loss has been shifted lower to 1.3850 and 1.3920 respectively after the change in the speed and strength of the downtrend folloing the breakout .

Regards,

Siwei.

Cable Daily Chart 12June09

Dear Graduates, GBP USD on daily chart, shows a potential of a triple top. Great potential for sellers. The immediate resistance on the daily chart is at around 1.6660.

Enjoy your weekend.

EURUSD Bear Flag Breakout

Dear Graduates,

EURUSD broke out of the bear flag and we expect some bearish continuation before encountering the supporting trendline at 1.3955. At this resistance level, we will book a quarter of the profits and maximise this trade towards a target profit of 1.3865 to 1.3855 upon a successful breakout.

As this is still an inside day, do take note of the increased volatility when placing and shifting your stop loss.

Regards,
Siwei.

Cable 100609

Hi All,
we are seeing GBPUSD on a channel up, with weak sell opportunity on the correction. There is possibility of some heat.
Be aware of the 4.30pm Manufacturing Production News

Eur/Usd

Hi everyone, this is what i forecast today. Hope it helps.

Trade with care.

Regards

Asrin.

Small upclose for EURUSD

Dear Graduates,

EURUSD might form a smaller upclose candle body for today as it takes a little rest from Friday's big downclose. This would create another lower high area where we can take advantage of seller's strength and momentum and stretch our trades for maximum rewards.

For those trading in the AUD market, please note that today is a bank holiday and be aware of the reduced volume and irregular volatility.

Regards,

Siwei.

5 June 09

Hi All,

A check on the 4 currency pairs shows that the market is moving in a range. This is most likely due to the coming release of news at the following times -

3:05 PM CHF
4:30 PM GBP
8:30 PM USD - Non Farm Payroll

Those that are in the money i.e in the profit, please square off half of your position to protect your capital investment and ride the market movement. For those who are not in the trade, please stay away. For those who are not in the money, please square off your position to cut your loss.

Remember to trade with a plan. Set realistic profit target. Cut your loss when necessary.

EURUSD Scalp and News later this evening

Dear graudates,

there are a couple of important news announcements scheduled tonight such as the announcements by BOE and ECB and the Fed Chairman tonight along with the Non-farm unemployment change on Friday. Please bear these in mind and be mindful when trading.

Attached above is a trade initated after a bearish breakout for the EURUSD and the trade will be expected to be kept open during the news release.

For trades that are not in the money, do remember to square the position before any major news. For those who did not manage to catch the breakout, PLEASE do not chase the market.


Regards
Siwei.

EURUSD Scalp on 3 June 2009

Dear graduates,

Today there was a successful scalp in the EURUSD during the afternoon session.

Criteria to enter this scalp are listed below to help understand how the trade was identified.

1) there was previously a uptrend and the 12 noon hourly candle formed higher and traded near the 1.4329. The 1pm candle first traded lower then the low of the previous candle before trading higher. It would not be possible for the 1pm candle to settle as a bigger upclose candle hence increasing the seller's advantage.

2) A quick calculation identified the previous movement of 27 pips is likely to be repeated again in this hour. This allowed for limited seller's risk and thus initated the trade.

3) Entry was made at 1.4219 with stop loss at 1.4229 and target profit level was at 1.4200. This trade's risk reward ratio was 1:2.

4)From the daily homework, having identified the expected news releases and potential market direction to be a upclose day, it would be wiser to close the short position and be on the right side of the market.

Regards,

Siwei.

EUR USD 2/6/2009

Last night, there was a good trade for EUR USD before 8PM. There was a strong support at 1.4200. On the hourly chart, overtaking criteria was valid as it was a continuation. 5 minutes chart was brought up for precise entry. A trade was engaged at around 1.4217 and the trade was closed off at around 1.4277. Stop loss was at around 1.4200, risking 17 pips for a potential reward of 60 pips. Risk Reward Ratio - 1: 3.5

USDJPY 1 June 2009 Follow through

Dear all,

with the Whit holiday in the French, German and Switzerland market today, please remember to stay out of these markets due to irregular market volatility and thin trading volumes. Do remember to check the calendar on a daily basis to be aware of the news.

Tonight, we have the US ISM Non-Manufacturing coming out at 10pm, the BOE and ECB scheduled to announce maintaining the interest rate on Thursday and Friday's Non-farm payroll.

Be aware of possible market build up in the market movments in relation to the expected news released.

Meanwhile, USDJPY continued its bearish follow through of 95 pips after friday's big downclose. Congrats to all who managed to catch this market movement.

Regards

Siwei

Dollar Index 29 May 09

Dollar Index still quite intact with the channel . there are some support area which the market might try to test again . mainly sellers are looking at LH zone . applied mainly for those who trade futures and spots FX that involves USD . this is useful to understand the strength and weakness in USD currency . remember next week we have got lots of important data coming out . trade with care . look for more follow through currency pairs as it will give you more buffer comfort . cheers .

S&P 28 May 09

Remember the market might just hover around this price area without much action . follow through on the downside may come after a small correct up first . this kind of day is better off scalp with a smaller target (5pts) range . cheers 

S&P 27 May 09

S&P index did manage to move on the upside by more than 20 pts . be extra careful on the upside as there are a few immediate Resistance . even the if trade higher means more like a stay out of buying than participating . 

S&P 26 May 09

Hi all . for those traders that are looking for more swing trades should start to avoid this zone as the market is starting to close in (closing wedge) . Weak buy & Strong sell after the break out but non the less we can see a price movement of 20 points . 

Cash index 880 - 870 are a look out area . CORRECTION down (2a) wave after trade lower . Look for VALID candle . Top down approach must set and calculate as we are only showing Daily chart . questions ? info@mmtta.com 

EURUSD 25 May 2009

Expect smaller upclose in the weekly charts after the big upclose last week, this week should close as a hammer or spinning top as the uptrend continues this week.

Please note that this week we only have four trading days market. (Monday being Memorial day holiday for the US market and Spring break holiday for the English market).

Do note the diminished liquidity and irregular volatility.

Trade safe and always with a plan.

Regards

Siwei.

USD CHF 22May09

On USD CHF, the market shows a continuous downtrend for this week. There is an immediate resistance at around 1.0956. There are more opportunities for sellers. Higher Potential - Intra Day and Scalping. There could be a potential for Short Term depending on how the market performs this evening.

Trade with a plan.

Cable 220509

A side by side chart of cable movement since our call level for buy entry. The left chart shows a downclose candle still forming and we already have call level for 2 buy entries. The right chart shows the 2 levels where we took profit. Remember to maximize the trade when the opportunity arise. For more info, email: info@mmtta.com

Cable 210509

A trade done by Tobin with Siwei, looking at Cable to rebound around 1.5530/10 with SL 1.5480 and TP 1.5610 in short time frame.
A note on this trade is the degree of risk involved has to carefully calculated with precision and speed. Certainly not for the faint-hearted.

USDJPY 210509

From the chart, we are looking for some rebound.
Be aware of noises!

RESULTS

Yes . this is a side by side chart of USD/JPY on a hrly . trading can be made simple . cheers .. plan a trade & trade with the plan accordingly . 

Usd/Jpy 20 May 09

unless the Usd/Jpy can Overtake and stay upclose this period of time . if not it is still consider weak and prices can still trade lower . find immediate resistance level by apply top down approach . info@mmtta.com

Usd/Jpy 60 pips moves

take a look at how the Yen moves after it reaches a certain resistance . 

USD JPY Hourly Weak Buy

There is a resistance at the price of around 97.83 on the 12 May 09. There is another resistance at around 96.70 on 13 May 09 and 19 May 09.

USD JPY is observed to have loss of momentum as the market reaches the resistance at around 96.70. This is considered a weak buy. From the chart, an opening wedge is seen. There is news coming out at 8:30pm that will move the USD.

Eur 19 May 09 ( choppy )

Market conditions changes every now and then . todays session looks more rewarding to go for retracement than breakout as there are momentum in but not so much of strength to push . 

Dear graduates,

This is my trade plan for today after how yesterday ends for the eur/usd pair. I feel that the pair is going bull again after last week's resting. Enjoy trading.

Regards

Asrin

USDJPY follow through on Monday.

Dear all,

here are my expectations on the follow through for USDJPY on Monday.

After the breakout and the bearish engulfing candle on friday, I am expecting some follow through and closure to the technical Head & Shoulders pattern.

As such, the 93.50 support level is a strong historical support where USDJPY might either bounce off or touch and go in the later sessions of monday. This results in a reasonably good profit taking area to look at for this pair.

Regards,

Siwei.

eur/usd monday

Dear all,

This is how i plan to trade on monday after after considering the eur/usd weekly,daily and hourly charts. I intend to short the pair mainly for scailping purposes. unless of course there is sign of follow thru, we might hold on to some of the trade. Double top is form in weekly and daily chart but there are a lot of support line to be considered. That what makes me belive that nextweek is going to be a small upclose or big downclose. If anyone have any trade ideas on this pair, pls do discuss it at the momentum yahoo grp with me.

Regards,

Asrin