Showing posts with label FOREX. Show all posts
Showing posts with label FOREX. Show all posts

Monday, March 29, 2010

Trade Update: Book 100% longs in Silver – 500% profit in 8 days

Suggested here : http://dhanvarshagrp.blogspot.com/2010/03/trade-update-silver-pullback.html

and here

http://dhanvarshagrp.blogspot.com/2010/03/get-out-of-silver-shorts-target-hit.html

My target was 17.25 in the pullback and see its trading at 17.40

so how we traded over the past 2 weeks?

Short @ 17.55 , Covered @ 16.55 – 10,000 pips profit

Long @ 16.60 , Covered @ 17.40 – 8,000 pips profit

Overall above 18,000 pips profit in less than 8 days which is $1800 profit on a single Micro lot of 1000 units and investment of just $300… overall 500% return

Friday, March 26, 2010

Get out of Silver shorts… Target Hit

Suggested here: http://dhanvarshagrp.blogspot.com/2010/03/short-silver-target-below-1685.html

Target was below 16.8 then later downgraded to 16.5 … its trading at 16.55 mark and I see it bottoming out near 16.45…  which is near 10,000pips or $1000 on an investment of just $300… 300+% profit in 5 days.

Book out near 16.5-16.45 and go long in Silver with a Stop @ 16.35 for a target of 17+ in coming days…

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vikas verma

Monday, March 22, 2010

Forex Trade Updates

First of all the star among the rest… Silver Short

Suggested to short near 17.45-17.5, see here http://dhanvarshagrp.blogspot.com/2010/03/short-silver-target-below-1685.html

Target was below 16.85… current price is 16.60 which is 8000 pips or $800 with a Micro lot 1000 units… over 200% return on investment within 4 days.

 

Next trade… Short NZDUSD… See here : http://dhanvarshagrp.blogspot.com/2010/03/sell-nzdusd-target-130-230-pips.html

Suggested to short @ 0.71145 for a target of 130-230 pips, touched 0.70.. which is a good 115 pips profit in 1 day.

Friday, March 19, 2010

Tuesday, March 16, 2010

Change or No Change :: US Key Interest Rates

Tonight is another such night where everyone is assuming that where FED Chairman, Ben Bernanke , come out of meeting and shout “No Change” but I have this gut feeling that tonight could be the night where they pull up their socks… err I mean their Interest Rates

 

Let’s see another 4 hours to go for the Interest Rates Decision and then Consumer Confidence number after 1 Hour of Interest Rates Decision

My prediction: They Hike their rates… Gold/Silver should be dumped along with all currency pairs and USD should rally. US Equities should make a double top here and go back below their 50% retracement levels by this Thursday 18th.

Big expectations.. lets see how it goes.

 

vikas verma

Monday, March 15, 2010

Silver 1H chart gave you entire day’s range in a single trade…

Who said you can't buy at bottom & sell at top... see this.


A perfect wave that I had been watching on an Hourly Chart of Silver since early morning... up move from day's low to day's high.... complete day's range in a single wave...


Here is the video of it...

 

vikas verma

Thursday, March 11, 2010

US Numbers evening…

Another important evening with respect to US Data in another 1 hour

 

 

Previous

Expectations

Trade Balance

-40.20B

-41.00B

Initial Jobless Claims

469.00K

455.00K

Natural Gas Storage

-116.00B

 

 

Looking at various charts USD, US 10Y Bond, Gold, Silver, Dow, S&P... I am predicting & expecting numbers to leave negative sentiment atleast to start with. Lets see how numbers are...

 

Update… Numbers were bad not not too bad… still here is what happened

USD Down
Bond Rally
Gold rebound
Silver rebound
Dow , S&P Down

Gold & Silver are the biggest stars

Monday, March 8, 2010

Market is all about waves…

Waves exists almost always in the charts and this is so satisfactory when you are able to spot them and profit from them.

See the video of Silver’s SPOT chart where there were 2 waves one after another one bullish then second bearish in the 15minute chart

The bearish wave is still pending for its target… I will update you once it hit the target..

Do let me know if that is helpful to you or if you have any doubts.

 

Update: See what happened after 2 bars

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vikas verma

Friday, March 5, 2010

Hey yaa everyone…

I have been busy lately with my personal life and was not trading actively. I wont be trading quite as active for some more time but will be tracking the market when I get some time.

I have been following Gold quite closely and it may be possibly done with the rally and looking for a pull back… maybe a 100% pull back to make a double bottom.

This is the weekly chart setup and if we consider the lower line as target then see how perfect was the target… the estimated price at arrival should not exceed more than 1145 and yesterday it made a high of 1145.18 ( I was expecting a 10% rally from the lows and that is almost over 9.65%)

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Now look at this Daily chart and why I see pain in Long Gold situation…

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I see it max making an attempt to touch 1155 and then a possible double bottom… argh.. that’s gonna hurt and I already booked my longs and added few shorts at 1143.. I would be a ruthless bear on a breach of 1130

 

Now let’s look at the S&P 500 Index and see it is also making a bearish wave pattern… although the volume was not great in last two days which is very much needed .. maybe they want to make a final attempt to go short near 1140 levels.

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Similar pattern in Nasdaq Composite… be cautious and atleast book profit on longs or hedge your positions.

 

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vikas verma

Thursday, February 18, 2010

Trade Update: What happened to Gold, USD, & S&P 500

Today was another green day for US as the indices closed around 0.5% in green. Gold had a good run in the morning but later gave up most of the gains, not only for today but half the gains of yesterday which is expected as it broke out of the channel.

Let the pictures do talking, here is a chart of Gold… remember I have been suggesting it since $1050 levels.

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Now there could be two stops… one stop could be at the pink line which does not appear to be the case if we look at the volume and if we are able to break past the pink line then it should inch toward the blue line and make a new all time high in Gold.

Ok, so what about USD… it is playing hide n seek with the ‘sweet zone’ and today once again went back in sweet zone to close near $80.5… which is good for bears to short again or add more shorts. Unless we see a close above 80.85 which was the last high, the momentum remains in the hands of bears.

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Ohk.. lets look at S&P 500 chart and why this dead cat was bouncing.. yes it is a dead cat and no surprise if we see a gap down tomorrow in S&P 500. Look how it made a bullish wave which completed its target today… next is what? Possible 100% pullback of this rally and go below 1040.

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I am keeping my call to stay short and add more shorts in Nifty, S&P, Dow and USD.. while stay long in Gold… we should further see a good rally in Gold.

 

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Tuesday, February 9, 2010

Trade Update – Gold vs Dollar , which is better?

 

Related Posts:

http://dhanvarshagrp.blogspot.com/2010/02/us-non-farm-payroll-number-prediction.html

http://dhanvarshagrp.blogspot.com/2010/02/these-are-golden-moments.html

On 5th February just half an hour before the US Non Farm Payroll numbers were out, I predicted that USD is going to correct and Gold is looking for a rally. Today is 9th Feb and lets see how Gold vs Dollar & USD Index Futures looks like on the chart

Gold vs Dollar – Suggested a BUY @ 1050, LTP : 1078

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USD Index Futures

Suggested to short near $80.75 and last trade price is $80

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Friday, February 5, 2010

US Non Farm Payroll Number Prediction

Look at the USD Index chart and see what its saying….
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Looking quite bearish to me… numbers should be out in another 30mins… my prediction is we going to sell like crazy… :)

USDCHF – Possibly going to correct from here

USDCHF is looking for a possible correction and considering the the NFP data tomorrow, which most likely going to be BAD, very BAD then this equation stands correct and it can get back to the center of the previous channel.
Trade Idea: Short on a break of 1.069
Stop Loss: 50 pips
First Target: 1.036
Second Target: 1.02
Final Target: 1.00

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