I like the S&P, and follow it a touch as I do like to take a nibble on Geppy every once in a while. As mentioned earlier, the Yen is a tad problematic at the moment, but I do like the recent action on Geppy, and want to long it for the year – my problem here is that I want to see convincing decoupling from the S&P first… which will be hard to achieve, I think.
The problem with indices is that unlike in 2008 when there was no backroom mechanism for the CBs and bankers to control PA, everything is now in place to control any wild swings. Well, I think so, and in a strange way for someone that wants to ride swings and maximize profit, I do hope such mechanisms are in place as I still want food to be available at the local supermarket.
I may have missed my entry on the 4hr today – was busy elsewhere – and would have wanted to take the bounce off the ascending red MAs of the Guppy profile. The monthly shows some potential resistance coming up on the descending red MAs.
It's difficult to find any decent swings for me at present on the instruments that I normally involve myself with, and so as Chonchy states, smaller TFs/intraday trading seems the most profitable at present. Of course, I do try not to spend all day at the charts... although with today's submissions, it is perhaps difficult to persuade people of that fact.
The problem with indices is that unlike in 2008 when there was no backroom mechanism for the CBs and bankers to control PA, everything is now in place to control any wild swings. Well, I think so, and in a strange way for someone that wants to ride swings and maximize profit, I do hope such mechanisms are in place as I still want food to be available at the local supermarket.
I may have missed my entry on the 4hr today – was busy elsewhere – and would have wanted to take the bounce off the ascending red MAs of the Guppy profile. The monthly shows some potential resistance coming up on the descending red MAs.
It's difficult to find any decent swings for me at present on the instruments that I normally involve myself with, and so as Chonchy states, smaller TFs/intraday trading seems the most profitable at present. Of course, I do try not to spend all day at the charts... although with today's submissions, it is perhaps difficult to persuade people of that fact.
Author of: For Pip's Sake! (Available at Amazon... :-) )