The bears certainly got hammered today .........
a very impressive move higher.
BUT .............RISK FX not confirming rally as A/U, E/J and E/U stagnant
I have to wait to see where commods open
If copper and oil gap up then one can say rally justified ??
Until then I will give weight to risk FX which is telling me this rally is fake and nothing but short covering due to Merkel and Sarkozy meeting
10 year Italian bonds were > 7%
Hungary bonds > 10%
on a normal day this would have punctured the market
So many things can happen and what will happen will, probably, take us by surprise. The market has, practically, infinite resources. You do not. What happened to you today may happen again tomorrow. You may be right that the market is going down but, when? To.morrow,. Wednesday, next week?
I'm going to wait and see before I pitch in and I will not try to spot the turn beforehand.
based on weak commods
I am short eur/usd 1.2937
sl = 1.2967
t= 1.2907
based on weak commods
I am short eur/usd 1.2937
sl = 1.2967
t= 1.2907
Firstly I like the thread thanks Jasmin. An observation however is I think this is an example of where too much info regarding news and economic releases can interfere with ones judgement of price action.
Oil gaps up @ $100 and Gold @ $1568
nothing spectacular.........given the indices rally , I expected Oil > $101 and Gold > $1590
Commods doesn't support the indices rally, neither does Risk FX
My bias remains short
Good data just released out of Australia - AIG Manufacturing Index came in at 50.2 in December versus 47.8 in the previous month.
BUt commods and risk FX not being supportive
interesting conundrum...I will work it out soon as the volume picks up!!
Yasmin has 1 positive trade out of 7 and a loss of at least 120 points / pips.
"4.20pm
i am short dax from 6070
sto ploss = 6110
tgt = 6030"
LOST -40
that is correct
thank you for posting the running total, please can you continue to do so
thank you
no, that is your job.
I hope you have asked wallstreet1928 for a refund.
short dax 6140
sl= 6170
tgt = 6110