Did you notice now they're not in sync. That's the way CL is. It may hang with you for a while and then all of a sudden just take off and do its own thing. So you need to be careful especially about trying to trade CL off the moves of any of the index futures. I learned this early on studying it.
CL Redux
- Thread starter schizo
- Start date
Yeah, it's out of sync now. I had a short stop on the YM based on the drop in CL (and anticipating a retracement), but it didn't get filled.
Geithner talks tough on U.S. dollar
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) â Treasury Secretary Timothy Geithner Tuesday talked tough on the U.S. dollar as he said the U.S. will never attempt to lower the value of the greenback to gain an advantage in global trade.
âWe will never embrace a strategy of trying to weaken our currency to try to gain economic advantage,â Geithner said, going further than his usual comment that a strong dollar is in the interest of the United States.
Geithner made the comment during an appearance at the Council of Foreign Relations in New York. Geithner has been in New York for two days for a series of mostly private meetings.
The dollar has been on a down-trend recently in foreign-exchange markets, with one index that measures the U.S. unit against a basket of six rivals (BOARD-DXY) slipping to its lowest level since August 2008. Read MarketWatchâs comprehensive currency coverage.
Alan Ruskin, global head of foreign-exchange strategy at Deutsche Bank, said Geithnerâs remarks are essentially a favor to Federal Reserve Chairman Ben Bernanke, who is likely to be asked about the weak dollar in his first press conference on Wednesday at the end of the Fedâs Federal Open Market Committee meeting.
âGeithner has made Bernankeâs life infinitely easier today. It should be very easy for Bernanke to simply refer to Geithnerâs comments, and push aside this little hot potato,â Ruskin said in a note to clients.
Bernanke is expected to defend the central bankâs loose monetary policy on Wednesday, Fed watchers say. This is likely to weigh on the dollar
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) â Treasury Secretary Timothy Geithner Tuesday talked tough on the U.S. dollar as he said the U.S. will never attempt to lower the value of the greenback to gain an advantage in global trade.
âWe will never embrace a strategy of trying to weaken our currency to try to gain economic advantage,â Geithner said, going further than his usual comment that a strong dollar is in the interest of the United States.
Geithner made the comment during an appearance at the Council of Foreign Relations in New York. Geithner has been in New York for two days for a series of mostly private meetings.
The dollar has been on a down-trend recently in foreign-exchange markets, with one index that measures the U.S. unit against a basket of six rivals (BOARD-DXY) slipping to its lowest level since August 2008. Read MarketWatchâs comprehensive currency coverage.
Alan Ruskin, global head of foreign-exchange strategy at Deutsche Bank, said Geithnerâs remarks are essentially a favor to Federal Reserve Chairman Ben Bernanke, who is likely to be asked about the weak dollar in his first press conference on Wednesday at the end of the Fedâs Federal Open Market Committee meeting.
âGeithner has made Bernankeâs life infinitely easier today. It should be very easy for Bernanke to simply refer to Geithnerâs comments, and push aside this little hot potato,â Ruskin said in a note to clients.
Bernanke is expected to defend the central bankâs loose monetary policy on Wednesday, Fed watchers say. This is likely to weigh on the dollar
look at this daily chart , here is pattern
4/11 , 4/12 Monday &Tuesday : both days down , finally to 106 based on Goldman sachs Sell call
13, 14, 15 : Wed, Thu, Fri: UP ( enough sell done , week end coming so geo- political , forget Goldman call )
18 , 19 : Monday , Tueday : week end passed , so down ( on 19 th green bar but barly mostly it is down day (
20, 21 : Wed, Thu: week end Up ( geo political )
25, 26: Monday , Tuesday : Side way to down ( usual since week end passed )
27, 28, 29: will be UP days ...
http://bit.ly/fNDyVW
4/11 , 4/12 Monday &Tuesday : both days down , finally to 106 based on Goldman sachs Sell call
13, 14, 15 : Wed, Thu, Fri: UP ( enough sell done , week end coming so geo- political , forget Goldman call )
18 , 19 : Monday , Tueday : week end passed , so down ( on 19 th green bar but barly mostly it is down day (
20, 21 : Wed, Thu: week end Up ( geo political )
25, 26: Monday , Tuesday : Side way to down ( usual since week end passed )
27, 28, 29: will be UP days ...
http://bit.ly/fNDyVW
Quote from BCE:
Quite an exciting day today.
Hey, a full point down at the open, then another full point rebound...
We'd be more excited if we'd gotten some of it
But, yeah, the last hour and a half is zzzzzzz....
... unless, of course, you've been playing the 112.00-112.20 range for another full point.
OMG, 3 full points per contract with intraday margin, that's about 80% and we still have two more hours to go!!! (No wonder Nod doesn't post, she's too busy milking this cow)
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Start with 10,000 USD and in 9 trading days (with a 100 cars cap to keep it "real"
) you're up over a million bucks. OK, let's round it up to 10 trading days to account for taxes Didn't show up until a couple of hours ago. What gets me is that they allow this thing to trade even when I'm not here. The nerve of some people.Quote from Picaso:
Hey, a full point down at the open, then another full point rebound...
We'd be more excited if we'd gotten some of it
But, yeah, the last hour and a half is zzzzzzz....
... unless, of course, you've been playing the 112.00-112.20 range for another full point.
OMG, 3 full points per contract with intraday margin, that's about 80% and we still have two more hours to go!!! (No wonder Nod doesn't post, she's too busy milking this cow)
You're right about the tight range. If we trade 10 contracts we'll make some $$. Of course as soon as I do it will make a huge move against me and jump my stop.