unique4x

unique4x

*Position update: We closed this correlation trade on 05/29/2015 with a profit of 196.7 Pips. The trade: Short GBP/USD & Long AUD/USD. A nice correlation trade is setting up between GBP/USD & AUD/USD. The spread in the correlation is currently 450 Pips, over the past year the max spread has been approximately 500 Pips. We will be taking 1/2 our intended...

unique4x

*Position Update: As of 05/19/2015 @ 7:33 EST The Global Currency Scalper closed out both sides of this correlation trade with 112.2 Pips. The Trade: Long CAD/JPY & Short GBP/JPY The correlation between these two pairs is 77% over the past year. The widest the spread has got over that time is about 800 Pips. Currently these two pairs are 600 Pips apart. The...

unique4x

*Position Update: As of 05/15/2015 @ 7:41 EST we liquidated both sides of this correlation trade with a profit of 28.6 Pips. The Trade: Long EUR/USD & Short GBP/USD The correlation between these two pairs is 96% over the past year. The widest the spread has got over that time is about 700 Pips. Over the past 18 months we saw the spread widen to approximately...

unique4x

AUD/USD is sharply higher breaking the 0.80760 top from April 29th and extends the recovery from the lows set last week and during the month of April. Since mid April this pair has been putting in higher lows and we believe this trend will continue. We are looking for AUD/USD to test the top trend line of the reverse triangle and will be buyers ahead of this...

unique4x

AUD/JPY is back to pressuring 95.950 level with the ascending triangle suggesting a break higher to extend recovery from April lows. Support now at 95.000, 94.330 and 93.300 levels. We see these levels protecting the downside and suggesting not letting any losses exceed the extreme support level. Targets 97.100, 97.400 & 97.660 levels. We will be buyers on a...

unique4x

*Position Update: As of 05/13/2015 @ 23:38 The Global Currency Scalper liquidated its position with a loss of 19 Pips. The trade: Short GBP/USD & Long NZD/USD. A nice correlation trade is setting up between GBP/USD & NZD/USD. The spread in the correlation is currently 500 Pips, over the past year the max spread has been approximately 700 Pips. We will be...

unique4x

We will be watching to see if a Gartley pattern will form over the coming weeks on USDSGD. So far the pattern has been moving exactly as it should, completing the A-B move while working its way partially up to point C. We may not see point D, our buying area, hit until some time in July but then again you never know how fast patterns will emerge. One to keep an...

unique4x

This is just an update on our GBPCAD Gartley pattern which is forming and was posted a week ago. So far this pair is acting just as it should be, moving on a slow and steady rise to point C. If the pattern plays out the way we expect then point D will be our long entry price. Let's see what happens during the week of May 10th. By the way our Gartley pattern on...

unique4x

*Position Update: As of 05/13/2015 @ 23:38 The Global Currency Scalper liquidated its position with a gain of 27.9 Pips. The trade: Long AUD/USD & Short AUD/NZD. A nice correlation trade is setting up between AUD/USD & AUD/NZD. The spread in the correlation is currently 300 Pips, over the past year the max spread has been approximately 600 Pips. We will be...

unique4x

The trade: Long USD/CAD & Short USD/JPY. A nice correlation trade is setting up between USD/CAD & USD/JPY. The spread in the correlation is currently 600 Pips, over the past year the max spread has been approximately 1,200 Pips. We will be taking 1/4 our intended position size, if the spread continues to widen we will slowly add to our position. There is a...

unique4x

*Position Update: On 05/05/2015 we liquidated both sides of this correlation trade with a profit of 73.1 Pips while taking advantage of the correlation spread narrowing after the interest rate decision in Australia. A nice correlation trade is setting up between AUD/JPY & CAD/JPY. The spread in the correlation is currently 200 Pips, over the past year the max...

unique4x

GBP/JPY is looking like it wants to break to the downside. After consolidating for several hours it's forming a wedge of lower highs and higher lows. Odds are it will break to the downside. As to not jump the gun we will be shorting this pair with a break of 181.800, looking for a move of 80 - 120 pips with a stop of 120 - 130 Pips.

unique4x

EUR/USD is correcting amidst a long-term downtrend with our original Gartley call for the pair to run up near 1.13000 before looking to go short. In the meantime EUR/USD is forming a tight wedge on the 1 Hour chart which could lead to a spring higher. We will be taking a long position at market looking for a move higher of 30 to 80 Pips but first it need to get...

unique4x

A really solid Gartley pattern is forming on GBP/CAD daily chart. If it continues to play out we will be looking at price hitting point D some time in July. With a couple of months before this price action playing out we have plenty of time to continue to evaluate this possible position. We will keep an eye on it for sure.

unique4x

*We booked a profit of 27 Pips. Even though the spread is from from closing we decided to take the profit and move back into cash. Of course if this spread narrows we will be leaving a lot on the table but we are happy with the gain from a low level risk trade. We will be initiating 1/2 our position in a correlation trade of USD/SGD to USD/JPY. The spread is...

unique4x

The EUR/USD is setting up nicely for a short on the daily chart. With two possible entry points we will be waiting for the second point to trigger our short. We will be taking this pair short up near 1.13850 area with huge profit potential of 400 Pips which is the tops set back in late March of 2015. Our stop will be if point X is taken out which is a break of...

unique4x

A possible short may be developing in NZD/JPY on the 15 min chart. This should be viewed as a short-term scalp trade which is being confirmed by the Gartley setup as well as our Forecasting algorithm. Two possible areas to go short depending on your risk tolerance, 91.330 or 91.600 price zones. With either price point use the X point as your stop, lets call it...

unique4x

We will be taking USD/CAD Long and USD/JPY Short to take advantage of the recent spread in its correlation. The position will start out by initiating just 25% of our intended position. If the spread widens we will add to our position. Please see the chart for more information.