Search results

Absolutely, it is NOT easy carrying a position like this. Especially with the DX still struggling to move higher here. The EuroFX requires so much patience and confidence if one wants to get paid in this market...

The one interesting point about the Bradley is that more times than not, it does appear to nail "significant" turning points in the markets. Not all advertised turn dates turn out to be significant and this is why the Bradley gets faded by most traders. There have been quite a few very important...

Crude runs like these tend to mark tops with a price spike. This is why I am not reentering the short side just quite yet. With CLX trading at 88.60 now, there is a good chance that we will see a very quick move to 90 imo. This time period in energy reminds me of the last top in Crude right near...

Gold made a short up move to 767 during LBMA trade today but only stayed there for a brief moment before some erratic pricing began and sent gold back into the 755-760 range. With the latest COT data showing the largest build up of forward sold positions by the commerical interests, i continue...

Original poster still alive and well... As mentioned on Pg. 3, I already closed out at a slight profit which was when CL came off from 83 down to 78.5. I have been flat energy since then but I am still looking to renter CL short any moment now. They could send it up to 90 in a blow-out...

Nice call! I'm still short here and I expect another round of Yen carry unwinding during the next few weeks. Downside target still remains the same however an overshoot could send the $XEU all the way down to its 200EMA which is about 1.3505 at the present time...

let's see if 'FBN' will have live reports from the CME and NYMEX. If they don't then they won't last imo. All the other cuff n' commentary is just fluff...

Target remains 1.3650 on cash Euro. Close to 500 pips on the downside coming imo...

Yesterdays strength in the $XEU appears to be reversing today. The charts are printing the usual secondary high test and perhaps the DX will begin to continue moving higher from here in the near term. Sold more ECZ7 today as a result of this development...

Actually I meant November Gold (GCX7) not October. In any case, some sellers still appear to be showing up at 750 cash as expected. I am curious to see how the COTs look when they are released today. In the big picture, the USDX rally has been fairly weak so far while every decent selloff in...

No.. I am currently flat on all COMEX positions at the moment. I am looking at the end of the month to better gauge the consolidation in Silver. Ideally, I would like to see a pullback in SIZ7 to about 12.70-13 range. We may or may not get the pullback but the metals are in a timeframe where...

So far sellers are showing up right around 750 cash. This is likely just some typical producer selling for the October contract. Even though the USDX has lost ground again, the DX has had erratic price action during its short-term bottoms. I still suspect that gold is trading at the high end of...

I'm out of this trade at a slight profit today. just enforcing a personal trading rule regarding price breaks and the expected time window has passed now so on to the next trade. Could still see lower crude prices by 10/22 but short side risk has increased due to prolonged weakness in the USDX...

A move under 60 for USO would complete the H&S imo. Could go to 55 depending on how steep the coming break goes...

Nothing much to add right now except my price and time targets still stand. The USDX is bouncing today and thus pushing the metals and energy complex moderately lower. I will be watching several intermarket developments closer to EOM to gauge whether or not the USDX will continue lower. If the...

More importantly is where will the US Dollar be in '08? Right now the USDX is trading at a historical low point and could actually bottom out here since nobody really expects it to. The EUR/USD could get pushed back much lower if the DX rallies significantly imo...

I always have stops in place. Normally I place them at or near the swing high/low in case the trend moves against me. I was stopped twice in the last 9 months. One of the stops actually allowed me to renter on the long side with about 60 extra pips on the re-entry...

The charts tell all... DCC on USO signals big down dead ahead imo...

I believe that you also have to subscribe to ICE market data which costs 1 GBP a month. So in TWS, you would have to convert some USD to GBP and then subscribe to ICE market data thereafter. Unless you trade Brent IPE, I would stick with trading the EuroFX on GLOBEX instead of the USDX on ICE...