MARCH SPECIAL: GET 45% Off Life-Time Access to Nial Fuller's Professional Trading Course - ENDS MARCH 31st - Click Here

Login

Trading Setups / Chart in Focus:

DJ30

The Dow Jones spot market moved sharply higher today on the back of an inside bar setup breakout. We can see this inside bar trading strategy formed yesterday just above the key support that runs through 12,950 area. Price rose all the way up to close just below the near-term resistance near 13,300, gaining 244 points on the day, or nearly 2 percent. After such a huge move it’s usually best to let the market cool off a bit and see if we can’t find a price action setup in the direction of the surge after a retrace lower into support.

1346972654-clip-18kb

WTI

The spot Crude Oil pin bar trade that we discussed in yesterday’s commentary did break higher early in Thursday’s trading session, however, price pared gains into the New York close to end the day lower as it formed an opposing bearish pin bar setup. The pin bar from Wednesday has still not been invalidated as price is still above its low, but clearly this market is choppy right now and we may not get any high-probability setups until we see a close outside of this recent consolidation range. We could see this consolidation continue if price rotates higher from current levels and fails to move lower.

1346973159-clip-18kb

Check out my latest trading lesson: The Forex Trader Vs The Forex Gambler

————————————————————————————————————————————————————————–
September Special Promotion- This month I’m offering a Special Discount on Lifetime membership to my Forex Course, Live Trade Setups Forum, Daily Trade Setups Newsletter, Email support line, and more. For more info visit the Forex Course Page Here.
————————————————————————————————————————————————————————–

Forex Commentary:

In the currency markets today, the euro moved to a two-month high versus the U.S. dollar on the back of a new plan by the European Central Bank which should help to stem the debt crisis in the euro-zone.

The U.S. dollar was lower against the other majors today, except for the Japanese yen which was today’s biggest loser out of the majors.

Other Markets:

In the U.S. markets today, stocks moved to multi-year highs on the back of a new bond-buying program in Europe that should work to contain the debt-crisis there.

The Dow added 244.52 points, or 1.87 percent, the S&P 500 added 28.68 points, or 2.04 percent, and the Nasdaq rose 65.12 points, or 2.12 percent.

Upcoming important economic announcements (New York time): 09/07/2012

3:00am EST: Switzerland – Foreign Currency Reserves
4:30am EST: Britain – Manufacturing Production m/m
4:30am EST: Britain – PPI Input m/m
8:30am EST: Canada – Building Permits m/m
8:30am EST: Canada – Employment Change
8:30am EST: Canada – Unemployment Rate
8:30am EST: United States – Non-Farm Employment Change
8:30am EST: United States – Unemployment Rate
10:00am EST: Canada – Ivey PMI


Leave a Comment

Recent Posts in Trade Setups Commentary

Why I’m Buying AUDUSD and GOLD on a Pull Back – March 28th 2017

Posted on March 29th, 2017 | by | in Forex Trading Commentary | No Comments
Why I’m Buying AUDUSD and GOLD on a Pull Back – March 28th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here AUDUSD - Aussie/dollar buying opportunity setting up again If you've been following or recent commentaries on the AUDUSD, you know we had recently been looking to buy from 0.7500 - 0.7520 on a... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – March 27th to...

Posted on March 27th, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – March 27th to 31st 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar moves up from support, but key resistance overhead The EURUSD has stalled up near 1.0800 resistance after a rally up to test it early last week. If price continues to hold... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – March 20th to 24th...

Posted on March 20th, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – March 20th to 24th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar climbs higher but key resistance looms The EURUSD climbed higher last week after a small retrace lower early in the week, in-line with our discussion in our last weekly... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – March 13th to...

Posted on March 13th, 2017 | by | in Forex Trading Commentary | 3 Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – March 13th to 17th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar bounces up from key support level The EURUSD consolidated last week, just above 1.0520 key support, before popping higher into Friday's close, indicating that bulls may push... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – March 6th to...

Posted on March 6th, 2017 | by | in Forex Trading Commentary | 2 Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – March 6th to 10th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar shows some resilience at key support The EURUSD rallied higher last week after holding 1.0500 key support for the 2nd time in two weeks. This level looks to be supporting the... Continue Reading

Now I want to hear from you! - Click Here to Leave a Comment

2 Comments

  1. Rahmat says:

    Can I say dominant trend for USD/JPY is flat since mid Jan 2017, so I can entry sell at Resistance HH and entry buy at Support LL. Offcourse I will wait pa signal and confluence with the level line. Only my opinion..sorry if wrong.

    1. Nial Fuller says:

      That is also a valid idea, if there is confirmation.

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

legal
Copyright 2008-2017 Learn To Trade The Market