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Been a wonderful time on the EURUSD&EURJPY last few days... a real run away trend. AUDUSD still stuck in nowhere land
 
Bill Gross just thinned out the DAX.:eek:

Well done...

CanOz
 
Also Bill said bond inflows have been great in January meaning stock buying paper is coming in from cash and money market funds!
My God! It hasn't even started!!!

Some are going to be badly smashed this year.
Who's selling to who?
 
Some are going to be badly smashed this year.
Who's selling to who?

So you'd short at this point having still not re entered your momentum system?
The smart money will just stay in Bonds and is still flowing into bonds from smart stock selling into the rally?
 
So you'd short at this point having still not re entered your momentum system?
The smart money will just stay in Bonds and is still flowing into bonds from smart stock selling into the rally?

Still trading the DAX and FTSE.
No interest in a portfolio.

Your right when you say

My God! It hasn't even started!!!
.

http://www.futuresmag.com/2013/02/01/bill-gross-economy-is-headed-for-credit-supernova

There WILL be a time for a good Short.
Around May now when the FED has to cough up or shut up!

So they have until May to minimise exposure.
Smart money selling into Dumb Money. (Stocks).
 
Interesting comment from Jason Leavitt in regards to drawing trend-lines on daily charts....

I'm going to continue not drawing trendlines on the daily charts because I don't think there are obvious lines which do a good job graphically representing where support or resistance are likely to be. Other than a 1-week dip in late December, the market has rallied uninterruptedly for almost three months. I don't think trendlines will tell us when or where the move will end.

He's heavily driven by the market internals when doing a weekend summary in prep for the week ahead. Relies less on trend-lines now, the market just seems to blow through them so often.

Cheers,


CanOz
 
Interesting comment from Jason Leavitt in regards to drawing trend-lines on daily charts....



He's heavily driven by the market internals when doing a weekend summary in prep for the week ahead. Relies less on trend-lines now, the market just seems to blow through them so often.

Cheers,


CanOz

Trend line or S&R lines?
When you say blows through them that to me
seems to be an S&R line rather than a trend line.?

That wasn't you on the other side of my FTSE trades last month was it?
My Size wouldnt sap up much Im afraid!
Youll only see me around for the first Hr and a half.
 
Trend line or S&R lines?
When you say blows through them that to me
seems to be an S&R line rather than a trend line.?

He's referring more to diagonal trend lines on daily's. He still uses them on the weeklies. The point he's trying to make is that the technical (trend lines) don't seem to matter as much on the daily charts...to much upward momentum at the moment.

CanOz
 
First day back in the discretionary seat for 2013.

Managed a quick 2:1 short on the EURUSD at full size. Having been watching the charts for a week or two now I am loving the current "type" of patterns in the FX. Very consistent and clean low vol->high vol transitions in the EUR and AUD, easy pickings using a channel breakout and MA for trails.
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Nothing like sweeping the bid with some size and nothing happening...:eek:
 

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Sinner i'm a complete numpty with options...but are you betting that the indices will do anything BUT range?

CanOz
 
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