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high beta being taken to the woodshed, is CandyCrush painting the top?:)

head and shoulders pattern still shows up alot on the indexes specifically the es. Don't flame me. :)

Alot of ground has been covered in the thread, Mav laid out two macro trades long USDJPY and X (Us Steel) using ACD both were monster trades, I would hunt those down.

here's a visual 1 min frame

this is pretty dated but was one of the first books on intermarket analysis or you can see if Bridgewater is hiring. http://cdn.preterhuman.net/texts/unsorted2/Stock%20books%20029/John%20J%20Murphy%20-%20Intermarket%20Technical%20Analysis%20-%20Trading%20Strategies.pdf

no I am saying the sp500 and poundyen or eur/jpy are very correlated, what I said in my first post was that the world stock indices and really all pairs are correlated, the USDJPY is a fairly direct expression of that, the pair you were talking about is volatile on its own. Maybe Mav can chime...

poundyen and es

there was a long discussion about the idea of risk on/risk off. You should understand that low interest rates create an environment where in order to show a return a fund manager has to take risk to get a yield for their client, this is risk on. Last years return in the SP500 was risk on...

I don't use number lines on forex, I know Mav is busy I would say use the book and start scoring your product for a month and see if the information is actionable.

I use ACD more to confirm trades, I am looking for a reversal at an A down/A up along with some system ideas I have put together. ACD is not the holy grail but I think the levels help. If I see the mkt stop at an A down I am looking for a reversal trade along with confirmations, that's just me...

+1

Maverick posted a few months back that forex by definition is spread trading. He can explain it better than me. I would tell that you should understand how certain pairs are correlated to commodities. ie cad/jpy is correlated to oil, australian dollar is correlated to gold. You should also...

it was interesting to me that crude was actually up/flat today, but yes very correlated price action today.

good post, big trend day down today, if you were short into today then high class problems, if not the sooner you recognized a trend day down the better, agree on your time frame .

great analogy.....:) contrast him with someone like Sam Zell.

Markets are random!

http://www.youtube.com/watch?v=XYXXhn9fMYs

cool looking forward to that.

there are interesting ideas in this tread, I am sure you can figure it out...:) http://www.elitetrader.com/vb/showthread.php?t=169349

:p