This is one that is on my radar for the near future.
DislikedThis trade triggered before I was anticipating it to. I have a 200 pip stop on it, and if it goes my way, we could be looking at several handles. I normally wouldn't get involved with a trade right before New Year's, but this break of support seemed important enough.
Probably like many of you I missed the entry into this sell trade CW pointed out.
I've been waiting for a reason to enter short on the latest retracement and this chart illustrates my logic which supports CW's thesis that we may see this lower. It uses other forms of tech analysis however you may find them interesting given it complements the overall SS trade and could offer a relatively accurate entry opportunity.
Current 4hr chart has printed an ABC bottom formation off the strong UK production data this morning here London time. The...Ignored
Any thoughts on silver?
I'm looking at a "pin-ish" bar on the 4H forming, if it closes a little higher it could be above the daily TL drawn from the low on Aug 24th. Making it a possible buy.
Alternately, if it closes below the TL we have a break-retest scenario.Ignored
DislikedStocks are something I have just not put the time into to learn but why do you think the 5 dollar mark will bring in the big boys.Ignored
DislikedHey CW, just want to pick your brain, why are you bearish GBP/CHF and EUR/GBP? These pairs typically move in opposite directions??Ignored
DislikedChris, thank you for all you do here and all you have to share....Ignored
DislikedMy analysis of C is based on the idea of holding for at least 5 years, and to be honest - could be as long as 20. The US isn't going to let them fall, and is actually in the process of selling it's holding now. I believe the completion of this is to be in the next couple of months.
Citi is the counter party to far too many trades around the world for the powers that be to let it fail - at any costs.
I think that in 10 years we will look back and say - "Jesus that was a no-brainer". Kind of how I look at it when it was $1 a share, and I was...Ignored
DislikedBecause of the technical set ups. It has little to do with fundamentals at the moment, and besides - they can and will move in either direction. I also think it has to do with the British owning so much European debt as well. Europe as a whole is a bad place to be this year in my opinion.Ignored
Dislikedthanks for the thoughts on this one. Big day tomorrow. I am excited to see what posotions will be available next week.Ignored