Euro rolling again slightly bullish making things a lot more complex until we clear the 1.05xx handle.
...a flattish day across the board but with plenty of shaky moves in the background. Treasuries breaking correlation with Dollar and Gold [bookmark this]sending screaming signals of what is about to come. We also saw quite a few large clearing in Euro and Yen in the last few days.
"If it looks like a duck, swims like a duck, and quacks like a duck, then it probably .... is a duck" We are setting up for major capitulations moves across the board in Q1 and smart money is smelling blood ....
In the short term, Euro and YEN in very advanced position management & trading environment as is expected at these levels with bulls/bears managing to hold. Aggressively trailing stops from the FOMC/NFP play to very unhealthy levels for scratch/marginal losses as there is no point in holding stops at the high/lows any longer with macro hands in play and the ECB still far in the horizon.
We have a very complex trading range. We have a potential 'reverso' play (we haven't have one of those in months) to clean sweep all hands before capitulation in Euro, Yen and GOLD.
Very advanced trading environment. Without nothing on the FA side on the upcoming days and for strictly TA reasons I will qualify this as short term 'TA neutral' outlook in both until the respective handles are cleared or killed. If you don't know what you are doing is better to sit tight and/or stay aside. Here placing orders to fully load on the momentum play for capitulations move if the reverso plays gets triggered, if not .... same levels same trades, same all.
Very active trading management so tracking closely next couple of sessions to see how it pans out.
sisse
...a flattish day across the board but with plenty of shaky moves in the background. Treasuries breaking correlation with Dollar and Gold [bookmark this]sending screaming signals of what is about to come. We also saw quite a few large clearing in Euro and Yen in the last few days.
"If it looks like a duck, swims like a duck, and quacks like a duck, then it probably .... is a duck" We are setting up for major capitulations moves across the board in Q1 and smart money is smelling blood ....
In the short term, Euro and YEN in very advanced position management & trading environment as is expected at these levels with bulls/bears managing to hold. Aggressively trailing stops from the FOMC/NFP play to very unhealthy levels for scratch/marginal losses as there is no point in holding stops at the high/lows any longer with macro hands in play and the ECB still far in the horizon.
We have a very complex trading range. We have a potential 'reverso' play (we haven't have one of those in months) to clean sweep all hands before capitulation in Euro, Yen and GOLD.
Very advanced trading environment. Without nothing on the FA side on the upcoming days and for strictly TA reasons I will qualify this as short term 'TA neutral' outlook in both until the respective handles are cleared or killed. If you don't know what you are doing is better to sit tight and/or stay aside. Here placing orders to fully load on the momentum play for capitulations move if the reverso plays gets triggered, if not .... same levels same trades, same all.
Very active trading management so tracking closely next couple of sessions to see how it pans out.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now