Intermarket Analysis and Trading
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The daily dosage of charts from Capital3x fore 22 June 2012
Capital3x calls to short at 1350 was well rewarded with a target of 1325 as we made one of the largest winners in recent times as prices fell to 1321 making us over 20 handles.
The inside day worked with clockwork swiss accuracy provided the massive reversal yesterday at 1352 as prices fell off to 1318. Even as we speak it is struggling at 1321 making it sure of another fall to 1313 today. The Gladiator was -1 at 1331 and provided the mandatory 10 handles to 1320 without much fuss.
EURUSD tested the 20,2 BB upper line and came back sharply to its mid line on the daily. My money is that this line will hold while we may see excess pressure on EU in the interim but overall daily this line should hold. So instead of playing EURUSD, the better strategy will be to play other euro crosses.
The question we asked yesterday was whether SCHATZ 110.42 will hold or not. Well it does seem it was tested pretty hard but it held for the time being as prices rose to 110.59 whichwas the near record break in ES. But even then the prices are well under mid 25,2 BB and the 50 DMA at 110.601 and hence the downside here is intact. Keep your watch tight on EURJPY.
Capital3x calls to long USDJPY has been hopefully capitalised by our subs from 79.2 as USDJPY hits 80.5 and there is more to go here. The logic for the trade was shared many times over as it was a combination of favorable FED actions and technical levels.
Rest of charts at Capital3x.com under section Think Tank.
We would also like to share our current forex and futures portfolio for last week
At the end of a great week for Capital3x (as compared to last week when we, the current week has been remarkably profitable. I hope you subs made some serious money following our trades.As noted over the course of the week at the Live Trading Room and in our daily update analysis and charts, we have been trading on the medium to heavier side of number trades issued. The markets stuck against a critical MA and volume hole zone at 1357. The level was tested on multiple days but eventually gave successfully capped it on Thursday for a high profile failure for the bulls as markets tumbled over 2.5% to 1318 level to recover to 1325.
Forex Portfolio
Excluding trades that have been cancelled, we executed 22 forex trades this week making +476 pips. 14 trades hit targets and 5 were stopped out while the rest were cancelled/closed out.
For the month of June, we executed 56 forex trading calls out of which 30 hit targets (green rows) and 13 were stopped out (red rows) while rest were closed out (orange rows). As always the stopped trades do not lose too much which allows the Captial3x portfolio to score well when the trades hit their targets. Overall June portfolio has made +957 pips. June has seen a particularly lighter volume of trading from us.
<strong>Futures Portfolio</strong>
On the futures portfolio, 4 trades were executed with all 3 hitting targets for a total of +27 handles. For the month of June, we have 11 trades executed out of which 3 have been stopped while rest hit their targets with the most notable of them being the short on 20 June 2012 at 1348.
CheersMark
Capital3x calls to short at 1350 was well rewarded with a target of 1325 as we made one of the largest winners in recent times as prices fell to 1321 making us over 20 handles.The inside day worked with clockwork swiss accuracy provided the massive reversal yesterday at 1352 as prices fell off to 1318. Even as we speak it is struggling at 1321 making it sure of another fall to 1313 today. The Gladiator was -1 at 1331 and provided the mandatory 10 handles to 1320 without much fuss.EURUSD tested the 20,2 BB upper line and came back sharply to its mid line on the daily. My money is that this line will hold while we may see excess pressure on EU in the interim but overall daily this line should hold. So instead of playing EURUSD, the better strategy will be to play other euro crosses.The question we asked yesterday was whether SCHATZ 110.42 will hold or not. Well it does seem it was tested pretty hard but it held for the time being as prices rose to 110.59 whichwas the near record break in ES. But even then the prices are well under mid 25,2 BB and the 50 DMA at 110.601 and hence the downside here is intact. Keep your watch tight on EURJPY.Capital3x calls to long USDJPY has been hopefully capitalised by our subs from 79.2 as USDJPY hits 80.5 and there is more to go here. The logic for the trade was shared many times over as it was a combination of favorable FED actions and technical levels.Rest of charts at Capital3x.com under section Think Tank.
We would also like to share our current forex and futures portfolio for last week
At the end of a great week for Capital3x (as compared to last week when we, the current week has been remarkably profitable. I hope you subs made some serious money following our trades.As noted over the course of the week at the Live Trading Room and in our daily update analysis and charts, we have been trading on the medium to heavier side of number trades issued. The markets stuck against a critical MA and volume hole zone at 1357. The level was tested on multiple days but eventually gave successfully capped it on Thursday for a high profile failure for the bulls as markets tumbled over 2.5% to 1318 level to recover to 1325.
Forex Portfolio
Excluding trades that have been cancelled, we executed 22 forex trades this week making +476 pips. 14 trades hit targets and 5 were stopped out while the rest were cancelled/closed out.
For the month of June, we executed 56 forex trading calls out of which 30 hit targets (green rows) and 13 were stopped out (red rows) while rest were closed out (orange rows). As always the stopped trades do not lose too much which allows the Captial3x portfolio to score well when the trades hit their targets. Overall June portfolio has made +957 pips. June has seen a particularly lighter volume of trading from us.
<strong>Futures Portfolio</strong>
On the futures portfolio, 4 trades were executed with all 3 hitting targets for a total of +27 handles. For the month of June, we have 11 trades executed out of which 3 have been stopped while rest hit their targets with the most notable of them being the short on 20 June 2012 at 1348.
CheersMark
