Index some thoughts.
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4
- #12,642
- Oct 15, 2018 4:25pm Oct 15, 2018 4:25pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
USDZAR Daily
(Exotic & EM)
A pattern in formation, classic H&S.
As the pattern is incomplete, this is a watch-list item.
Stop / Entry and Exit noted on the chart.
G/L
(Exotic & EM)
A pattern in formation, classic H&S.
As the pattern is incomplete, this is a watch-list item.
Stop / Entry and Exit noted on the chart.
G/L
- #12,645
- Oct 16, 2018 5:42am Oct 16, 2018 5:42am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
AN starting to look like a trade area again. {image}
The world you desire can be won. It exists.. it is real.. it is possible..
- #12,646
- Oct 16, 2018 5:46am Oct 16, 2018 5:46am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #12,647
- Edited 10:10am Oct 16, 2018 6:32am | Edited 10:10am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
$LSE:JSE Top 40 (Cash index)
1 Hour view, at entry
Given how heavily weighted the index can be to the currency, a common counterintuitive trade is to short the index when the currency strengthens.
Fundamentals are aligned with this and the rest of the global indexes are not exactly flying. Some dollar weakness (relatively stated) is driving this.
The further downside risk is provided by the relative strength of Brent Crude Oil, this is markedly threatening to EM's and has great weight against the real economy. That said a general rule of indexes is don't short them, don't short them without a stop and don't leave the screens if you do take the trade.
Edit :s/o further proof one shouldn't short the index
1 Hour view, at entry
Given how heavily weighted the index can be to the currency, a common counterintuitive trade is to short the index when the currency strengthens.
Fundamentals are aligned with this and the rest of the global indexes are not exactly flying. Some dollar weakness (relatively stated) is driving this.
The further downside risk is provided by the relative strength of Brent Crude Oil, this is markedly threatening to EM's and has great weight against the real economy. That said a general rule of indexes is don't short them, don't short them without a stop and don't leave the screens if you do take the trade.
Edit :s/o further proof one shouldn't short the index
- #12,648
- Oct 16, 2018 8:27am Oct 16, 2018 8:27am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #12,649
- Oct 16, 2018 11:28am Oct 16, 2018 11:28am
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
GU
let's see if butterfly develops... i am short against 3260.
let's see if butterfly develops... i am short against 3260.
- #12,652
- Oct 16, 2018 3:03pm Oct 16, 2018 3:03pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
Some UC {image}
- #12,653
- Oct 16, 2018 3:16pm Oct 16, 2018 3:16pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote}
- #12,654
- Oct 16, 2018 3:41pm Oct 16, 2018 3:41pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
I have a thought around Brent Crude
There is a scenario where it is building a bear flag which aims in and around the 200 day sma. This rebounds and continues towards the retracement target of 94.00
This is the roadmap...
Lets see
There is a scenario where it is building a bear flag which aims in and around the 200 day sma. This rebounds and continues towards the retracement target of 94.00
This is the roadmap...
Lets see
- #12,655
- Oct 16, 2018 3:52pm Oct 16, 2018 3:52pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
Monthly thoughts AU
- #12,656
- Edited 11:40pm Oct 16, 2018 11:21pm | Edited 11:40pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
- #12,658
- Edited 4:50am Oct 17, 2018 1:27am | Edited 4:50am
- Joined Oct 2013 | Status: Trader | 3,656 Posts
