mbauerfx

mbauerfx Nov 3, 2017

The US Dollar is still a buy against the EUR, GBP, AUD, and JPY, based on daily trend analysis of the FXCM US Dollar index. Ichimoku paints a very bullish picture, with daily price candles on the USDOLLAR index closing above the trigger line and above the baseline. Additionally, the lagging line is flying in the open air, above the cloud and price. Retail...

mbauerfx Oct 8, 2017

You can try this right now. This works on any timeframe with any deeply liquid market. All major and Yen-cross currency pairs, stocks, bonds, futures, etc. Let Ichimoku Kinko Hyo lead the way! Try this yourself right now. Always Start with the Cloud 1. Open a EURUSD 4-Hour Chart. 2. Click Indicators. Search for the Ichimoku Cloud indicator, and add it to...

mbauerfx Sep 14, 2016

Short below multi-year key resistance level on Daily bearish price action. Potential Long-Term carry trade opportunity.

mbauerfx Sep 14, 2016

Long above multi-year key price action support level 74.235. High confluence with very long-term key Fib level as well. Excellent long-term carry trade potential.

mbauerfx Jun 3, 2016

With the USDollar continuing the downtrend, I am still looking to buy the Euro. In order to enter a new long position, I need to wait for price to pull back to support at 1.12. Then, I need to see proof in price action that the sellers can't take over, and buyers are willing to move price back up. Looking for wicks below 1.12 with daily closes above that...

mbauerfx Jun 3, 2016

A huge miss today in Non-Farm Payrolls. The USDollar theme has moved back to the soft-side. The odds are now heavily against the Fed raising interest rates this month, and as such, the market has offered the dollar. Trading Bias: Looking for opportunities to sell the dollar from a key resistance level unless we get big news along with a big shift in trader...

mbauerfx May 22, 2016

EURUSD momentum is still firmly to the downside at the moment. We are looking for opportunities to short unless we see momentum shift to the upside. If price crosses back into the range of the previous Renko bar based on the daily ATR(52) 92 PIP box, we will close any open short positions. Our bias will shift to long if we see a bullish Renko bar close on this chart.

mbauerfx May 11, 2016

The USDollar Index broke bullish price structure, triggering our short entry orders on the USD major pairs. Retail traders have reduced their long USD positions slightly, but net positioning is still heavily long. This indicates the downside continuation risk outweighs long risk at the moment. We will hold our short USD positions until price structure breaks...

mbauerfx May 9, 2016

The USDollar is currently moving up in a bullish wave on the 1-hour timeframe, corrective of the last downward wave that started on April 28. Overall, retail traders continue to stack long USD positions. These two factors, current bullish market price structure, and aggregate USDollar retail trader bullish positioning, indicate downside risk is favored to upside...

mbauerfx May 6, 2016

Market structure and retail trader positioning have stacked the odds in favor of a continuation of the intermediate term downtrend in place since April this year. Retail traders are still heavily long the USDollar. Currently, the market is still correcting up from that last impulsive downward move. Regardless of the outcome of the NFP report this morning, we...

mbauerfx Apr 15, 2016

AUDUSD Price Action Trend is Slightly Bullish. Retail Trader sentiment is net short at -1.6982. Buy Stop set above daily Cam Pivot R4 level 0.7757. Confluent channel resistance breakout level also at 0.7757.

mbauerfx Mar 25, 2016

Confirmed short reversal yesterday turned again today. USDollar turned bullish again. Closed short positions and opened longs this morning across the key majors - USDJPY, NZDUSD, GBPUSD,EURUSD,AUDUSD.

mbauerfx Mar 24, 2016

The USDollar broke lower this morning, confirmed by an Ichimoku turn on the 15 Minute index chart. Entered and holding short dollar positions across the key majors until and unless an Ichimoku bullish reversal is confirmed on 15m USDollar Index chart.

mbauerfx Mar 23, 2016

US Dollar - Long-Term Trend Still Down - Short Risk Favored Currently, USDollar is still rising in a short-term uptrend, a correction to the longer-term downtrend which is still in place on the Daily/240min time frames. Price is nearing the 50% retracement level of that longer-term downtrend. So at this very moment (10:50 AM ET on 3/23), there is absolutely no...

mbauerfx Mar 1, 2016

Long dollar opportunities sub 4HR.

mbauerfx Updated  Feb 9, 2016

GBP/USD - Short Bias. Even with relative dollar weakness at the moment, Cable risk is still favored to the downside. Trend is down, lower swing high confirmed, and price closed on Daily below 1.45 support handle, now new resistance. EMAs are flat, not indicating any bullish momentum at the moment. Price closed below the EMAs as well. Retail traders have added...

mbauerfx Updated  Feb 9, 2016

SPX500 - Bias short below 2137 handle. Retail traders still holding long positions at 1.7:1 ratio, indicating downside continuation risk still outweighs upside risk. This week looking to short risk if market bounces to any resistance level up to 2137 as long as retail trader sentiment still remains to long side along with 8/21 EMAs below upper trend line...

mbauerfx Updated  Feb 9, 2016

EURUSD - Bullish market sentiment is evidenced by the daily breakout and close above the key price and confluent long-term Fib resistance level at 1.1043 on 2/3. Adding further weight to a long-side bias for this week, retail net open interest stands at -1.6927, indicating continued long risk exposure is more favorable than taking-on short risk. At least until...