DAILY REVIEW 30 Jan 2014
EU: The Daily candle is a below average spread (81pips) bear reverse upthrust (in no man’s land) on very very high vol>36days. The combination of the candle close and volume suggests that buying or possible Reaccumulation has commenced. Largely unchanged Levels of interest: Current H1 swing high 1.3738 Short-term demand : 1.3540, 1.3513, 1.3491, 1.3450 Short-term supply: 1.3755 – 1.3797 (gap) H4 supply 1.3816 Current Daily: 1.3866 – 1.3892 (during stop hunt holiday period so I won’t put too much weight to this unless there is a clear change in sentiment) Daily Supply: 1.4150, 1.4170, 1.4225, 1.4242 Short term demand: 1.3598 – 1.3610, 1.3575, 1.3535 – 1.3550 The 1.3540 level also has confluence and “support” with the daily trendline. The Asian range is 1.3643 – 1.3664 SM has cleared out supply to the upside and is likely to maintain selling pressure fading weak longs to test the 1.3600 level or lower before reversing to test Friday’s high and breaking higher. EU is in a technical uptrend but a H1 close below 1.3500 may mean more downside but is unlikely. A possible and likely scenario is for them to test for supply before reversing upwards unencumbered. 
EU long levels:  1.3600, 1.3575, 1.3545, 1.3500 EU short levels: 1.3738, 1.3755, 1.3810 – 1.3820, 1.3866, 1.3892

GU: The Daily candle is a below average spread (81pips) bear narrow-body spinning top closing on high vol>2days. The candle close suggests buying and volume suggests no selling pressure. 
Levels of interest: Short-term supply level  1.6620 – 1.6636 (confluence:  Fib 78.6% @ 1.6626), 1.6650 – 1.6667 (Fib88.6% confluence @ 1.6645) TR 1.6473 – 1.6529 Short term demand 1.6440 – 1.6450 (confluence Fib 61.8% @ 1.6445) Demand: 1.6395 – 1.6418 (confluence H4 ema200 @ 1.6429) 
The Asian range is 1.6544 – 1.6566. Overview: SM basically cleared all the weak shorts from last Friday on Mon-Tue, then went into a restock of shorts orders between Tue-Wed and now looks like re-positioning  on mixed UK news for a test of Moday’s low 1.6473 or lower before reversing upward. Generally supply has been removed from above and it will be a clear run up when they make their move. Note that GU is still in a technical uptrend and has the tendancy to spike to a lower demand level before a super quick markup back to the highs.
GU long levels:  1.6474, 1.6415, 1.6395, 1.6320, 1.6300, 1.6280 GU short levels:  1.6625, 1.6650, 1.6667

Posted at 4.59 am EST

DAILY REVIEW 29 Jan 2014
EU: The Daily candle is a below average spread (69pips) bear reverse  upthrust doji-like body on low vol<3days. The combination of the candle close and volume suggests more upside. The absorption volume that we saw last week on the H4 would also suggest the bullish continuation.
Unchanged Levels of interest: Current H1 swing high 1.3738 TR 1.3652 – 1.3738 Short-term demand 1.3513, 1.3491, 1.3450 Short-term supply: 1.3755 – 1.3797 (gap) H4 supply 1.3816 Current Daily: 1.3866 – 1.3892 (note that supply has been removed from this range) Daily Supply: 1.4150, 1.4170, 1.4225, 1.4242 Short term demand: 1.3625 – 1.3630, 1.3598 – 1.3610, 1.3575, 1.3535 – 1.3550 
 The Asian range is 1.3674 – 1.3670. SM has taken taken out the breakout traders long and is reversing and creating selling pressure fading weak longs to test the 1.3620 level or lower prior to FOMC and then reversing after re-accumulation to test Friday’s high and breaking higher. A H1 close below 1.3500 may mean more downside if FOMC drops a tape bomb that is totally unexpected.  
EU long levels:  1.3620, 1.3600, 1.3575, 1.3545 EU short levels: 1.3738, 1.3755, 1.3810 – 1.3820, 1.3866, 1.3892

GU: The Daily candle is a normal spread (89pips) bear near-doji spinning top closing on low vol<4days. The candle close and volume suggests more downside no selling pressure. Unchanged Levels of interest: 
Short-term supply level  1.6620 – 1.6636 (confluence:  Fib 78.6% @ 1.6626), 1.6650 – 1.6667 (Fib88.6% confluence @ 1.6645) TR 1.6473 – 1.6529 Short term demand 1.6440 – 1.6450 Demand: 1.6395 – 1.6410 (confluence H4 ema200 @ 1.6406) 
The Asian range is 1.6559 – 1.6593. After trapping weak longs, SM are currently reversing to test the 1.6514 breakout level or lower before FOMC prior to reversing upward. 
GU long levels:  1.6514, 1.6500, 1.6474, 1.6415, 1.6395, 1.6320, 1.6300, 1.6280 GU short levels:  1.6625, 1.6650, 1.6667

Posted at EST 8.02 am due to technical delays

Paul W's Testimonial

Sent: Tuesday, January 28, 2014 4:07 AM
To: 'Vincent Seow'
Subject: RE: Registration Confirmation - "VSAnalytiks™ Forex Course - US Session"

Vincent,

I would like to thank you for the training over the last week, it has been truly amazing, for the first time I have meet someone in the industry offering an honest(no hidden extras)  and effective structure backed by your support and enthusiasm.

You could not put a value on this course and the input from yourself is above and beyond any person I have meet in any organisation.

I greatly appreciate everything you have done to help me understand and gain the knowledge to trade  and look forward to being part of your community going forward.

I wish you every success in the future.

Thanks

Paul Walker

Bruce W's Testimonial

Sent: Sunday, January 26, 2014 2:45 PM
To: Vincent Seow
Subject: Re: Testimonial

Hi Vincent,

I would just like to thank you for running the VSAnalytiks course (after many months of pestering from many traders!).
When you first told me you were running it, I knew it was something I HAD to do.
I now have the roadmap to following the Smart Money and I am sure with some screentime behind me I will be well on
my way to becoming a consistently profitable trader.
I am looking forward to the live trading sessions!
Thanks again for you generosity by sharing your trading knowledge.
Regards Bruce Wurst

Paul K's testimonial

On Sun, Jan 26, 2014 at 8:14 AM, P <________> wrote:


Dear Vincent,

I would like to say thank you so much for all your efforts during the five presentations.  They were so valuable, resourceful and enlightening to me.  Your good communication skills has embedded on me a firm understanding on the effective analysis and trading approach.

The presentations have made me understand the reasons why the market are turning at tipping points.  It has answered so many questions that I was searching for, for the last 5 years, where hard work and frustrations were a common experience.  My newly found method will give me considerable confidence to trade forex, without hesitation on my entries from now on as I have learnt a solid approach in trading  forex in the future.

I have attended many courses in the past,  but have never had the opportunity to meet a presenter like you, who gladly and openly share his full knowledge.  I feel that you have given  dedication, responsibility and even doing an extra mile for everyone to benefit from these presentations.  What amazes me was, all your analysis were random and not cherry picked as we normally get from other courses.

I do not know how to express in words my appreciation and I am blessed being able to learn from you.   If you decide to teach your trading method in the future, please let me know and I will recommend you as my Mentor,  to all my friends.

I genuinely  believe that when I  master your trading method, it will give me the opportunity to make huge and consistent profits.

Looking forward to working with you and learning more about your effective trading method..it will be an asset that I will keep for a lifetime.  Thank you!>>>

Wishing you good blessings and tidings all the way.

Warm regards

Paul Karr

DAILY REVIEW 28 Jan 2014
EUThe Daily candle is a below average spread (76pips) bear dragonfly doji-like candle on average vol<2days. The candle close suggests buying and volume suggests no selling pressure. The absorption volume that we saw last week on the H4 would also suggest the bullish continuation.
Unchanged Levels of interest: Current H1 swing high 1.3738 TR 1.3652 – 1.3738 Short-term demand 1.3513, 1.3491, 1.3450 Short-term supply: 1.3755 – 1.3797 (gap) H4 supply 1.3816 Current Daily: 1.3866 – 1.3892 (during stop hunt holiday period so I won’t put too much weight to this unless there is a clear change in sentiment) Daily Supply: 1.4150, 1.4170, 1.4225, 1.4242 Short term demand: 1.3625 – 1.3630, 1.3598 – 1.3610, 1.3575, 1.3535 – 1.3550 
The Asian range is 1.3662 – 1.33688 currently. SM has taken the key level shorts at 1.3715 level and are likely to create selling pressure fading weak longs to test the 1.3620 level or lower before reversing to test Friday’s high and breaking higher. A H1 close below 1.3500 may mean more downside but barring a tape bomb is unlikely.  
EU long levels:  1.3620, 1.3600, 1.3575, 1.3545 EU short levels: 1.3738, 1.3755, 1.3810 – 1.3820, 1.3866, 1.3892

GU: The Daily candle is a large spread (116pips) bull closing AT the high on average vol<2days. The candle close and volume suggests more downside. 
Levels of interest: 
Short-term supply level  1.6620 – 1.6636 (confluence:  Fib 78.6% @ 1.6626), 1.6650 – 1.6667 (Fib88.6% confluence @ 1.6645) TR 1.6473 – 1.6529 Short term demand 1.6440 – 1.6450 Demand: 1.6395 – 1.6410 (confluence H4 ema200 @ 1.6406) 
The Asian range is 1.6569 – 1.6624. SM reversed to remove weak shorts and are currently reversing to test the 1.6514 breakout level or lower before reversing upward. 
GU long levels:  1.6514, 1.6500, 1.6474, 1.6415, 1.6395, 1.6320, 1.6300, 1.6280 GU short levels:  1.6625, 1.6650, 1.6667

Posted at 5.17 am EST

DAILY REVIEW 27 Jan 2014
EU: Weekly- the candle is a above-average spread (232pips) bull closing off the high on average vol>1week. The candle close and volume suggest more upside. The Daily candle is a below average spread (76pips) bear upthrust on very high volume vol<1day. The combination of the candle close and volume suggests more upside. The absorption volume that we saw last week on the H4 would also suggest the bullish continuation .
Levels of interest: Current H1 swing high 1.3738 TR 1.3652 – 1.3738 Short-term demand 1.3513, 1.3491, 1.3450 Short-term supply: 1.3755 – 1.3797 (gap) H4 supply 1.3816 Current Daily: 1.3866 – 1.3892 (during stop hunt holiday period so I won’t put too much weight to this unless there is a clear change in sentiment) Daily Supply: 1.4150, 1.4170, 1.4225, 1.4242 Short term demand: 1.3625 – 1.3630, 1.3598 – 1.3610, 1.3575, 1.3535 – 1.3550 
 The Asian range is 1.3672 – 1.37005 currently. SM has taken the key level shorts at 1.3700 is likely to create selling pressure fading weak longs to test the 1.3620 level or lower before reversing to test Friday’s high and breaking higher. A H1 close below 1.3500 may mean more downside but barring a tape bomb is unlikely.  
EU long levels:  1.3620, 1.3600, 1.3575, 1.3545 EU short levels: 1.3738, 1.3755, 1.3810 – 1.3820, 1.3866, 1.3892

GU: Weekly- the candle is a above-average spread (273pips) bull upthrust closing on average vol>4weeks. The candle close and volume suggests more downside. The Daily candle is a large spread (191pips) bear closing AT the low on very high vol>24days. The candle close and volume suggests more downside. 
Levels of interest: 
Short-term supply level 1.6600 – 1.6615, 1.6620 – 1.6636 (confluence: Breakout level 1.6620 and Fib 78.6% @ 1.6626), 1.6650 – 1.6667 (Fib88.6% confluence @ 1.6645) 1.6597 – 1.6602 (confluence Fib 81.8% @ 1.6595) Manipulation levels Fib 38.2% confluence 1.6550 M15 ema200 TR 1.6473 – 1.6529 Short term demand 1.6455 – 1.6449 (likely manipulation trap area for weak longs) Demand: 1.6395 – 1.6410 (confluence H4 ema200 @ 1.6406) 
The Asian range is 1.6473 – 1.6513. Prices opened with a +26pips gap up as SM removed weak shorts and then went to 1.6473 to trap breakout short traders and currently within the trading range. SM is likely to test the Asia low or lower to the 1.6410 level before reversing up to test the 1.6500 level. 
GU long levels:  1.6415, 1.6395, 1.6320, 1.6300, 1.6280 GU short levels:  1.6529, 1.6555, 1.6600, 1.6625, 1.6650, 1.6667

DAILY REVIEW 23 Jan 2014
EU: The Daily candle is a small spread (48pips) bear body spinning top closing about 1/3 off the low on low vol<1day. The candle close and volume suggests no selling interest however price tested and has been holding at the daily trendline @ 1.3507which is also about a short term demand level since Monday.  No change in Levels of interest: Current H1 swing high 1.3648, Key level 1.3500 Short-term demand 1.3513, 1.3491, 1.3450 Short-term supply: 1.3640 (confluence with H4 ema200 @ 1.3635) H1 Fib 61.8% @ 1.3605 (confluence H1 ema200 @ 1.3600)  The Asian range is 1.3529 – 1.3556. SM is likely to create buying pressure to test the 1.3600 level or higher before reversing to test yesterday’s low or stop hunt below the key level 1.3500. A H1 close below 1.3500 may mean more downside.  
EU long levels:  1.3507, 1.3490, 1.3450, 1.3405EU short levels: 1.3567, 1.3605, 1.3640, 1.3684, 1.3818

DAILY REVIEW 21 Jan 2014
EU: Weekly- the candle is a average spread (182pips) bear closing off the low on average vol<1 week. The candle close and vol suggest more downside. The Daily candle is a below average spread (60pips) bull small body spinning top closing about 1/3 off the high on low vol<12days. The candle close and volume suggests no buying interest however price yesterday tested the H4 breakout level (approx 1.3520 – 1.3530) and came within 7pips of the key level 1.3500. Levels of interest: Current H1 swing high 1.3648, Key level 1.3500 Short-term demand 1.3513, 1.3491, 1.3450 Short-term supply: 1.3640 (confluence with H4 ema200 @ 1.3635) H1 Fib 61.8% @ 1.3605 (confluence H1 ema200 @ 1.3600)  The Asian range is 1.3563 – 1.3560 currently. SM is likely to create buying pressure to test the 1.3567 level or higher before reversing to test yesterday’s low or stop hunt below the key level 1.3500. A H1 close below 1.3500 may mean more downside.  
EU long levels:  1.3507, 1.3490, 1.3450, 1.3405EU short levels: 1.3567, 1.3605, 1.3640, 1.3684, 1.3818

GU: Weekly- the candle is a below average spread (199pips) bear hammer closing on low vol<1week. The candle close and volume suggests more downside. The Daily candle is a small spread (57pips) bear small body spinning top closing >1/3 off the high on average vol<15days. The candle close and volume suggests no demand and is close enough to the daily supply level at the 1.6600 level to be considered a SM accumulation to retest the 1.6500 key level. Levels of interest: Short-term supply level 1.6450 – 1.6465, 1.6497 – 1.6520, 1.6597 – 1.6602 The Asian range is 1.6410 – 1.6445. Sm is likely to test the Asia low or lower to the 1.6410 level before reversing up to test the 1.6500 level. 
GU long levels:  1.6410, 1.6395, 1.6320, 1.6300, 1.6280 GU short levels:  1.6463, 1.6500, 1.6600

My apologies for yesterday as I was having some technical difficulties. Wish everyone good trading.

DAILY REVIEW 17 Jan 2014

EU: The Daily candle is a below average spread (66pips) bull spinning top closing about 1/3 off the high on average vol>3days. The candle close and volume suggests possible downside test. Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 Key level 1.3600 Short-term demand 1.3585 TR: 1.3547 – 1.3675 Short-term supply: 1.3644 (confluence with H4 ema200 @ 1.3645) H1 ema200 @ 1.3628 (confluence with yesterday’s Asia session low breakout level) The Asian range is 1.3593 – 1.3620. SM is likely to maintain selling pressure to test the Asia low or 1.3580 before reversing back up to test the 1.3644 level. A H1 close below 1.3568 may mean more downside.  

EU long levels:  1.3590, 1.3577, 1.3568, 1.3547 EU short levels: 1.3644, 1.3684, 1.3818, 1.3892

GU: The Daily candle is a normal spread (68pips) bear closing 2/5 off the low on average vol<1day. The candle close and volume suggests commencement of buying. Levels of interest: Short-term supply level 1.6450 – 1.6470 M15 ema200 1.6392 confluence with yesterday’s Asia low breakout 1.6395 Current Asia high 1.6378 The Asian range is 1.6316 – 1.6457. The good UK news released has resulted in Gbp strength, the spike range of 150pips in GU will give some nice retracement profit taking by SM later.

GU long levels:  1.6320, 1.6300, 1.6280 GU short levels:  1.6463, 1.6500

Posted at 5.45 am EST

DAILY REVIEW 16 Jan 2014
EU: The Daily candle is a normal spread (100pips) bear closing about ¼ off the low on average vol>1day. The candle close and volume suggests possible downside test. Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 Key level 1.3600 Short-term demand 1.3585 TR: 1.3547 – 1.3675 Short-term supply: 1.3644 (confluence with H1 ema200 @ 1.3642) H1 ema200 @ 1.3628 (confluence with yesterday’s Asia session low breakout level) The Asian range is 1.3585 – 1.3623 currently. US News yesterday and the usually dovish Chicago FED Chairman Evan’s hawkishness on the need to adjust the pace of QE taper fueled USD strength resulting in EU retracing almost to within 17pips of last Friday’s NFP spike low. SM is likely to maintain buying pressure to test the 1.3628 breakout level or 1.3642 before reversing back down to test the key level 1.3600 (test of spring at possible LPS) or even the low before reversing upwards. A H1 close below yesterday’s low will see a test of the 1.3568 level and may mean more downside.  
EU long levels: 1.3600, 1.3590, 1.3570, 1.3547 EU short levels: 1.3644, 1.3684, 1.3818, 1.3892

GU: The Daily candle is a normal spread (121pips) bear closing 2/5 off the low on average vol>4days. The candle close and volume suggests commencement of buying. Levels of interest: Short-term supply level 1.6450 – 1.6470 M15 ema200 1.6392 confluence with yesterday’s Asia low breakout 1.6395 Current Asia high 1.6378 The Asian range is 1.6345 – 1.6378 currently. SM is likely to maintain selling pressure to test yesterday’s low at 1.6320 before reversing to test 1.6378 or even 1.6400 key level before reversing downwards. A H1 close above 1.6400 will likely give more upside.
GU long levels:  1.6320, 1.6300, 1.6280 GU short levels:  1.6378, 1.6400, 1.6463, 1.6500

DAILY REVIEW 15 Jan 2014
EU: The Daily candle is a small spread (50pips) bull small-body spinning top closing on average vol<4days. The candle close and volume suggest no demand as price broke above the previous day’s high but closed significantly off the high. Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 Key level 1.3600 Short-term demand 1.3585 TR: 1.3547 – 1.3675 The Asian range is 1.3626 – 1.3680 currently. SM moved prices down further fading weak longs from the NFP release last Friday on comments from the hawkish comments of FED member Richard Fischer calling for a sharper and quicker QE taper further fueled by the dollar gaining in the wake of surprising “strength” in U.S. consumer spending. SM is likely to maintain selling pressure to test the 1.3600 key level or even to the spring at 1.3585 before reversing back up for the continuation. Note that yesterday saw the FED hawks speaking, today we will have the dovish Chicago FED Chairman Evans speaking so just enjoy the ride and pips.
EU long levels: 1.3626, 1.3595, 1.3579, 1.3560, 1.3547 EU short levels: 1.3684, 1.3818, 1.3892

GU: The Daily candle is a normal spread (97pips) bull closing off the high on average vol>1day. The candle close and volume suggests no selling pressure. With the slew of UK news out today, we can expect SM to move and position price against the expected direction. Levels of interest: Short-term supply level 1.6450 – 1.6470 H4 ema200 1.6359 confluence with yesterday’s low 1.6366 The Asian range is 1.6394 – 1.6441 currently. SM is likely to maintain selling pressure to test yesterday’s low before reversing to test yesterday’s low or even the current swing low of 1.6345 before reversing upwards. A close below 1.6346 will likely give more downside.
GU long levels:  1.6358, 1.6346, 1.6315 GU short levels:  1.6463, 1.6500

DAILY REVIEW 14 Jan 2014
EU: The Daily candle is a small spread (48pips) bear hammer closing on average vol<3days. The hammer would suggest downside. However since price is not at a significant supply level, but only at the “creek” around 1.3675, in the short term, we expect to see downside but the candle close and volume in this instance suggests a lack of selling interest and possible continued upside. Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 H4 ema200 @ 1.3649. TR: 1.3547 – 1.3675 The Asian range is 1.3648 – 1.3672 SM may maintain selling pressure to fade weak longs  and induce breakout shorts at Asia low or even to around the 1.3613 level or lower before reversing back up for the continuation.
EU long levels: 1.3633, 1.3630, 1.3613, 1.3595, 1.3579 EU short levels: 1.3686, 1.3818, 1.3892

GU: The Daily candle is a large spread (162pips) bear large body spinning top closing off the low on low vol<3days. The candle close and volume suggests no selling pressure. With the slew of UK news out today, we can expect SM to move and position price against the expected direction. Levels of interest: Daily supply levels 1.6720, 1.6750 Short-term supply level 1.6450 – 1.6470 The Asian range is 1.6366 – 1.6404 SM is likely to maintain buying pressure to around 1.6432 level to fade the weak shorts before reversing to test yesterday’s low. A close below 1.6346 will likely give more downside.
GU long levels:  1.6358, 1.6346, 1.6315 GU short levels:  1.6432, 1.6455, 1.6500

DAILY REVIEW 13 Jan 2014
EU: Weekly- the candle is a a small spread (139pips) bull closing off the high on high volume>4weeks. The candle close and volume suggests more upside. The Daily candle is a normal spread (118pips) bull closing off the high on high vol<2days. The candle close and volume suggests possible continued upside. Absorption volume is observed in the H4 charts where supply has been absorbed and we look for the continuation trade long. Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 H4 ema200 @ 1.3648. Price has broken out of the TR: 1.3547 – 1.3675 and is now open for a test of the supply levels from 1.3816 – 1.3892 Note also that the said range up to 1.3892 was when SM took out a lot of stops during thin trading during the year-end holidays and so there may not real supply until 1.4200 and higher.  The Asian range is 1.3661 – 1.3684 currently. SM is likely to maintain buying pressure to commit breakout traders long at the retest or spike of Friday’s high and reverse to fade weak longs to around the 1.3641 or lower before reversing back up for the continuation. 
EU long levels: 1.3641, 1.3624, 1.3613, 1.3595, 1.3579 EU short levels: 1.3686, 1.3818, 1.3892

GU: Weekly- the candle is a below average spread (179pips) bull closing off the high on average vol>2weeks. The close and volume suggest more upside. The Daily candle is a large spread (138pips) bear pin closing almost 100pips off the low on average vol>1day. The candle close and volume suggests a reload of long positions by SM. Absorption volume can also be seen in the H4 charts where supply has been absorbed and we look for the continuation trade long. Levels of interest: Daily supply levels 1.6720, 1.6750 Short-term demand  1.6420 – 1.6410 approximately. The Asian range is 1.6474 – 1.6507 currently. SM is likely to maintain buying pressure and reverse at Asia high or the retest of Friday high to fade weak longs to around 1.6475 or perhaps lower (bearing in mind it depends on how the orders are really stacked up since these are all manipulation levels) before reversing back up for the continuation.
GU long levels:  1.6474, 1.6450, 1.6418, 1.6400, 1.6375 GU short levels:  1.6600, 1.6617, 1.6724, 1.6750

DAILY REVIEW 10 Jan 2014
EU: The Daily candle is a near-normal spread (85pips) bull large body spinning top closing off the high on high vol>4days. The candle close and volume suggests possible continued demand. Levels of interest are unchanged: Current swing high 1.3892, Daily/Weekly 61.8%Fib @ 1.3522, 78.6%Fib @ 1.3422, weekly supply approx 1.4200 – 1.4250 H4 ema200 @ 1.3657. TR in focus: 1.3547 – 1.3675 The Asian range is 1.3600 – 1.3619 SM used yesterday’s good EU and German Industrial Production numbers to create buying pressure all the way leading to Draghi’s speech and then faded the market all the way to take stops below the 1.3550 level (at 1.3547) before reversing all the way back upwards to close as almost another “inside day” daily candle. With NFP coming up later and with price not even having a 19pip range the whole day so far, the best strategy will be to trade the extremes as SM is likely to position prices against the intended direction prior to the NFP release. Prices may not really dive unless the numbers are significantly better than expected as the market has generally already priced-in the earlier ADP release.  Having said that, since price is pretty much an “inside day”, several short-term demand levels are possible manipulation levels.
EU long levels: 1.3579, 1.3565, 1.3550, 1.3520 EU short levels: 1.3632, 1.3652, 1.3675, 1.3818, 1.3892

GU: The Daily candle is a small spread (56pips) bull closing off the high on average vol<1day. The candle close and volume suggests supply starting to come in as price reaches the 1.6500 key level. Levels of interest: Daily supply levels 1.6720, 1.6750 Daily demand levels approximately 1.6220 – 1.6215 Daily 88.6%Fib @ 1.6259 78.6%Fib @ 1.6297 The Asian range is 1.6466 – 1.6481 Price has broken yesterday’s high but with a very small Asia range. SM is likely to create selling pressure to fade weak longs before reversing to test the 1.6500 level and possibly reverse back down for profit taking. A H1 close below 1.6347 will likely see more downside.
GU long levels:  1.6418, 1.6400, 1.6375, 1.6347, 1.6315, 1.6300, 1.6260, 1.6220 GU short levels:  1.6500, 1.6525, 1.6617, 1.6720, 1.6750

DAILY REVIEW 9 Jan 2014
EU: The Daily candle is a near-normal spread (82pips) bear large body closing off the low on high vol>3days. The candle close and volume suggests possible demand coming in. Unchanged Levels of interest: Current swing high 1.3892, Daily/Weekly 61.8%Fib @ 1.3522, 78.6%Fib @ 1.3422, weekly supply approx 1.4200 – 1.4250 H4 ema200 @ 1.3657. TR in focus: 1.3552 – 1.3675 The Asian range is 1.3566 – 1.3621 Stronger US ADP  NFP yesterday caused prices to push way below the 1.3600 key level to 1.3552. SM has left prices pretty inside yesterday’s range and although a short is possible from yesterday’s high at 1.3634 or even 1.3650 (H1 ema200) with a good setup, a short setup is still preferred at the 1.3675 if SM wants to hold the TR for more downside. SM will continue the buying pressure to yesterday’s high or even to 1.3655 level to induce more shorts before reversing back downwards to around for the test of 1.3570 or lower. A H1 close below 1.3570 may lead to more downside.
EU long levels: 1.3565, 1.3520 EU short levels: 1.3650, 1.3675, 1.3818, 1.3892

GU: The Daily candle is a normal spread (95pips) bull closing off the high on high vol>1day. The candle close and volume suggests the more upside. Unchanged Levels of interest: Daily supply levels 1.6720, 1.6750 Daily demand levels approximately 1.6220 – 1.6215 Daily 88.6%Fib @ 1.6259 78.6%Fib @ 1.6297 The Asian range is 1.6375 – 1.6419 currently. Although price has broken yesterday’s high, price action is still pretty much in yesterday’s range. SM is likely to maintain buying pressure to the 1.6500 key level and reverse to test yesterday’s Asia session high 1.6419 (breakout level, confluence with H1 ema200 @ 1.6427) before reversing back upwards. 
GU long levels: 1.6380, 1.6347, 1.6319, 1.6300, 1.6260, 1.6220 GU short levels:  1.6500, 1.6525, 1.6617, 1.6720, 1.6750

Posted EST 5.05 am

DAILY REVIEW 8 Jan 2014
EU: The Daily candle is a below-average spread (60pips) bear small body spinning top closing on average vol<3days. The candle close and volume suggests no selling pressure and possible demand coming in. Levels of interest: Current swing high 1.3892, Daily/Weekly 61.8%Fib @ 1.3522, 78.6%Fib @ 1.3422, weekly supply approx 1.4200 – 1.4250 H4 ema200 @ 1.3657. The Asian range is 1.3604 – 1.3634 currently. Nothing has changed since yesterday as prices yesterday can be treated as an inside day of Monday and are still within the current TR of 1.3570 – 1.3675 From a price action perspective, there also seems to have a range-within-a-range at 1.3595 – 1.3655 if SM has indeed “shifted the zone” and may not revisit the lower levels with stops below the 1.3600 key level having been taken already. Furthermore, SM has visited the 1.3640 – 1.3655 level twice this week and may have cleared the supply at these levels so a short setup is preferred at the 1.3675 (confluence with H1 ema200 @ 1.3670) if SM wants to hold the TR. Having said that, it looks like SM will continue the buying pressure to the the1.3655 level to induce more shorts and trap them by reversing to the 1.3600 key level  or close to it before reversing back upwards for the test of 1.3675. A H1 close below 1.3600 and test of the TR low @ 1.3570 may lead to more downside.
EU long levels: 1.3605, 1.3597, 1.3575, 1.3520 EU short levels: 1.3675, 1.3818, 1.3892

GU: The Daily candle is a normal spread (64pips) bear very small-body (near doji) spinning top closing on lo vol<3days. The candle close and volume suggests the lack of selling interest. Levels of interest: Daily supply levels 1.6720, 1.6750 Daily demand levels approximately 1.6220 – 1.6215 Daily 88.6%Fib @ 1.6259 78.6%Fib @ 1.6297 The Asian range is 1.6375 – 1.6419 currently. There is hardly any change from yesterday as price action is almost an “inside” day of Monday as well.  SM is likely to maintain buying pressure to the 1.6437 level and reverse to test the Asia session low or lower before reversing back upwards. A H1 close below 1.6347 and test of TR low @ 1.6334 may lead to more downside.
GU long levels:  1.6375, 1.6347, 1.6315, 1.6300, 1.6260, 1.6220 GU short levels:  1.6441, 1.6470, 1.6500, 1.6525, 1.6617, 1.6720, 1.6750

DAILY REVIEW 7 Jan 2014
EU: Weekly –The Daily candle is a near-normal spread (82pips) bull spinning top closing on high vol<2days. The candle close and volume suggests no selling pressure. Levels of interest: Current swing high 1.3892, Daily/Weekly 61.8%Fib @ 1.3522, 78.6%Fib @ 1.3422, weekly supply approx 1.4200 – 1.4250 H4 ema200 @ 1.3657. The Asian range is 1.3609 – 1.3634 Not much has changed since yesterday as prices are still within the current TR of 1.3570 – 1.3675 SM is likely to continue the selling pressure to test the1.3600 key level and maybe take stops below it before reversing back upwards. A H1 close below 1.3600 may lead to more downside.
EU long levels: 1.3592, 1.3575, 1.3520 EU short levels: 1.3652, 1.3675, 1.3818, 1.3892

GU: The Daily candle is a normal spread (96pips) bear spinning top closing on high vol<2days. The candle close and volume suggests the lack of selling interest and/or some buying interest. Levels of interest: Daily supply levels 1.6720, 1.6750 Daily demand levels approximately 1.6220 – 1.6215 Daily 88.6%Fib @ 1.6259 78.6%Fib @ 1.6297 The Asian range is 1.6386 – 1.6418 SM is likely to maintain selling pressure and test the previous NY session low or lower before reversing back upwards. 
GU long levels:  1.6370, 1.6347, 1.6315, 1.6300, 1.6260, 1.6220 GU short levels:  1.6432, 1.6441, 1.6470, 1.6500, 1.6525, 1.6617, 1.6720, 1.6750

DAILY REVIEW 6 Jan 2014
EU: Weekly – the candle is a near-normal spread (237pips) bear closing at the lows on low vol>1week. The candle close and volume suggest more downside. The Daily candle is a normal spread (91pips) bear closing at the low on high vol<1days. The candle close and volume suggests more downside. Levels of interest: Current swing high 1.3892, Daily/Weekly 61.8%Fib @ 1.3522, 78.6%Fib @ 1.3422, weekly supply approx 1.4200 – 1.4250. The Asian range is 1.3577 – 1.3601 currently. Note that 1.3523 is the Dec 2013 low and it will take effort to break and close below it. If SM’s intent s to build a range to distribute downwards, a probable range “top” level would be about the 1.3675 level for a short. Current price is now about 320pips from the daily swing high 1.3892 and with price already at about 3 x the daily range, we should likely see some sort of “correction” upwards soon. SM is likely to continue the selling pressure to test the1.3522 level and maybe take stops below it before reversing back upwards.
EU long levels: 1.3520, 1.3600 EU short levels: 1.3630, 1.3650, 1.3675, 1.3818, 1.3892

GU: Weekly – the candle is a below-average spread (208pips) bear upthrust closing on low vol>1week. The candle close and volume suggest more downside price.  The Daily candle is a below-average spread (79pips) bear spinning top closing on high vol<1day. The candle close and volume suggests more downside as price is not near any significant level. Levels of interest: Daily supply levels 1.6720, 1.6750 Daily demand levels approximately 1.6220 – 1.6215 Daily 88.6%Fib @ 1.6259 78.6%Fib @ 1.6297 The Asian range is 1.6347 – 1.6415 currently. Price opened with a small gap down that was quickly closed as the momentum of the monthly bearish volume divergence was maintained. SM is likely to maintain selling pressure and test the previous TR low of 1.6314 or lower before reversing back upwards to fade weak shorts. 
GU long levels:  1.6315, 1.6300, 1.6260, 1.6220 GU short levels:  1.6441, 1.6500, 1.6525, 1.6617, 1.6720, 1.6750

DAILY REVIEW 3 Jan 2014
EU: The Daily candle is a large spread (146pips) bear closing about 1/4 off the low on high vol>8days. The candle close and volume suggests buying activity as price reached towards the swing low of 1.3624. Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 Upper TR 1.3624 – 1.3817 Lower TR 1.3398 – 1.3624 The TRs are approximations at best as they were not formed on significant volumes. The Asian range is 1.3648 – 1.3672 currently. SM is likely to continue the selling pressure to test yesterday’s low of 1.3629 and maybe make a final push to take stops at the 1.3600 key level before reversing back upwards. 
EU long levels: 1.3620, 1.3600 EU short levels: 1.3818, 1.3892

GU: The Daily candle is a large spread (193pips) bear closing off the low on high vol>8days. The candle close and volume suggests more downside. Levels of interest: Daily supply levels 1.6720, 1.6750 The Asian range is 1.6421 – 1.6457. SM is likely to maintain selling pressure and test yesterday’s low of 1.6409 and maybe even 1.6400 key level before reversing back upwards to fade the weak shorts and reverse back down again at the 1.6500 – 1.6525 level. 
GU long levels:  1.6410, 1.6400, 1.6320, 1.6270 GU short levels: 1.6500, 1.6525, 1.6617, 1.6720, 1.6750

I’m not going to say to be careful with taking trades as that is what we must always do but just be mindful that the market is still thin as I believe the majority of traders will be back next Monday.

DAILY REVIEW 2 Jan 2014

This is my first post of 2014. Once again, my best wishes to everyone for a Happy and Successful New Year. Time of post: EST 8.00 am

EU: Monthly- the candle is a small spread (369pips) bull closing nearly 1/3 off the high on low volume <2months. The candle close and volume suggests no demand. However, price in the monthly chart is in no man’s land and is not near monthly supply or demand levels.Weekly- the candle is a below-average spread (238pips) bull upthrust on low vol<63weeks and the candle close and volume suggests no demand. The Daily candle is a small spread (54pips) bear closing just ½ off the low on low vol<2days. The candle close and volume suggests no selling interest. However, price is also nowhere near weekly supply or demand levels and SM has actually used the very thin markets over the holiday period to clear stops above 1.3831 swing high of 25 Oct 2013, coming after the FOMC taper decision with lots of short positions being established. This suggests that supply at the 1.3800 level has been cleared so that events permitting, SM can push higher rapidly if necessary.  Levels of interest: Current swing high 1.3892, weekly supply approx 1.4200 – 1.4250 The Asian range is 1.3724 – 1.3774 SM is likely to continue the selling pressure to around 1.3624 level before reversing back upwards. 
EU long levels: 1.3620, 1.3600 EU short levels: 1.3818, 1.3892

GU: Monthly- the candle is a below-average spread (361pips) bull closing at the high with bearish volume divergence. The candle close suggests more upside but the volume indicates “no demand”. Weekly- the candle is a below-average spread (255pips) bull closing about 1/3 off the high on low vol<160weeks. The candle close and volume suggest no demand. The Daily candle is a normal spread (103pips) bull closing just off the high on vol<2days. The candle close and volume suggests no demand. However, price is not quite at the supply level yet to warrant a full reversal. SM has also taken stops above the previous swing highs after the FOMC taper. Levels of interest: Daily supply levels 1.6720, 1.6750 The Asian range is 1.6565 – 1.6602. SM is likely to maintain selling pressure to continue fading weak longs before reversing back upwards. 
GU long levels:  1.6435, 1.6400, 1.6320, 1.6270 GU short levels: 1.6617, 1.6720, 1.6750