Opening Report – 21 February 2012

£/$ has fallen some more and I now wonder whether we have got out in the middle of a third of a third! Never mind, we bagged a good 500+ return on the first 50% and the second 50% is getting even better! But it does underline why it often pays not to be too clever. [Read the full report]

£33.50 trial to the BIG CALL service… http://www.johnpipertrader.com/p/shx.html

‘Set And Forget’ Trading Profits in Under 10 Minutes a Day…. http://www.johnpipertrader.com/p/krautgap.html

 

Opening Report – 19 February 2013

£/$ continues to suggest a low is close. I officially took 50% profits yesterday. As you may have gathered from my video comments I was in two minds about this but client feedback suggests most of you have done so anyway. The DAX remains of concern, see chart below, even though nothing happened yesterday but this may have had more to do with US markets being closed rather than anything else [Read the full report]

£33.50 trial to the BIG CALL service… http://www.johnpipertrader.com/p/shx.html

‘Set And Forget’ Trading Profits in Under 10 Minutes a Day…. http://www.johnpipertrader.com/p/krautgap.html

Opening Report – 14 February 2013

£/$ continues to make new lows and the wave count on this latest decline is currently a little obscure but, in terms of time, the wave ONE low may be close and, of course, we have options expiry tomorrow.

You can get information from these links if that would help.

£33.50 trial to the BIG CALL service… http://www.johnpipertrader.com/p/shx.html

‘Set And Forget’ Trading Profits in Under 10 Minutes a Day…. http://www.johnpipertrader.com/p/krautgap.html

 

Opening Report – 12 February 2013

1. Introduction

£/$ has fallen sharply off the lower trendline and it is possible the next leg down has already begun, see chart below [Read the full report]

2. UK FTSE 100

FTSE closed yesterday at 6277 up 13 points with the spreadbetters now (02h00) quoting it at 6267 (-10). For now this still counts as the wave 4 pullback but I will be monitoring [Read the full report]

The DAX closed yesterday at 7633 down 18 points with the spread betters now quoting it at 7623 (-10). The negatives continue here with the completion of an a-b-c rally yesterday but also a solid rally [Read the full report]

4. The US DOW

The Dow closed yesterday at 13971 down 21 points with the spread betters now quoting it at 13961 (-10). Hereto this counts as wave 4 but the rising wedge pattern is of concern [Read the full report]

5. The Japanese NIKKEI DOW

The Nikkei Dow is now at 11419 up 266 points. The Nikkei looks good but may also have seen five [Read the full report]

6. US T-BOND

Bonds have seen five waves down, a corrective rally and now a break to new lows – this could be a key trigger but it is taking its [Read the full report]

7. Gold ( UK cash)

Gold is falling to re-test $1625 and a break is very possible [Read the full report]

8. FOREX

We have an alternative wave count on GBP/USD with a possibly irregular wave 4 and wave 5 maybe coming in now. If so we may still see another re-test of that lower trendline but no [Read the full report]

You can get information from these links if that would help.

£33.50 trial to the BIG CALL service… http://www.johnpipertrader.com/p/shx.html

‘Set And Forget’ Trading Profits in Under 10 Minutes a Day…. http://www.johnpipertrader.com/p/krautgap.html

Opening Report – 7 February 2013

Both the DAX and £/$ seem to have failed to form the final fifth of a fifth but the action remains pretty clear, especially on £/$ where the lower trendline around $1.5850 (and rising) remains key.

You can get information from these links if that would help.

£33.50 trial to the BIG CALL service… http://www.johnpipertrader.com/p/shx.html

‘Set And Forget’ Trading Profits in Under 10 Minutes a Day…. http://www.johnpipertrader.com/p/krautgap.html