Every trade is the same trade, meaning that all the instruments are trading either Risk On or Risk Off. One mirrors another. This weeks AUD/USD stops are under 101.18 cash. Take another 50% of your remaining short position off if … Continue reading
If you haven’t already…. Pay for your trade! Buy 25% of your shorts in @ the market.
The markets are trading off the oil high…You have to pick a side of the market to trade from.. The S&P is unchanged on the week. My view is that which ever side you pick the risk is small. A … Continue reading
There is not much to say other than we’re going to the lower tgt’s in the stock indices and higher tgt’s in the Dollar and Bonds. Risk Off…. You’ll get your opportunities to sell rallies in the equity indices. Do … Continue reading
Everybody has got an opinion, which is Risk Off. In the meantime everyone keeps selling everything in the hole. Trade your technical levels! Crude put in a potential double bottom on the weekly which is helping to keep the Indices … Continue reading
You got the one rally to check the Qtrly closes. Short term traders should be selling every rally until proven wrong. That would be price action over today’s highs in both the NASDAQ, S&P 500 as well as the Euro. … Continue reading
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading
In a world where every trade is the same trade you can pick your poison. There is always another surrogate trade or low risk alternative once the board changes from Risk ON to Risk Off. Friday into last night was … Continue reading
In approximately an hour the humanoid element will be out of the trading equation until the last 30 minutes of the day. Risk Off abounds…stay with all current positions, only sustained price action above 1192 SEP S&P Futures will get … Continue reading