Eclectic

Quote from Buy1Sell2:



(There was no divergence on the 240)
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That's how I saw it, entered this morning near current low, sold 2/3rds position +$1.03

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1635002>
 

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Dec Swiss Franc futures have been a little disappointing. However, I still feel that long is the way to be longer term. I am watching the 240 chart here to see if the test of .84500 that will certainly be arriving will hold. In anyevent, I am staying long right now. The area that I would rather not get below is .82590. I would do serious evaluation there--

Maintaining Dec Cotton and March Sugar longs here. I've been giving Cotton profits back, but that is part of my methodology. :)
 
Quote from Buy1Sell2:

Dec Swiss Franc futures have been a little disappointing. However, I still feel that long is the way to be longer term. I am watching the 240 chart here to see if the test of .84500 that will certainly be arriving will hold. In anyevent, I am staying long right now. The area that I would rather not get below is .82590. I would do serious evaluation there--
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--Almost got to that .84500 today. (Low was .84550). I certainly wish we could have hit .84500 and bounced. In any event, staying long here.
 
I will spend about 15 minutes on Saturday reviewing weekly charts across the board to see if there are any long term opportunites. Will post again Monday or Tuesday. :)
 
Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1640302>
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Yes, certainly now it is a divergence. The low that makes it a divergence occurred after my initial response where I said that there was no divergence on the 240.
 
I might join this:

Closed out longs in EUR/USD and CAN/USD and shorts in JY/USD.

Stalking now to go short AUS/USD and EUR/USD as well as long JY/USD.

Also monitoring to go short Copper and Beans.



:)
 
Long Swiss Franc Futures is becoming a "patience" trade. Staying long for now. Intraday charts do indicate a possibility of upward movement today, but of course I am in for the longer haul. :)

Added 2 more ESZ7 units long yesterday evening (from ES Journal) at 1553.75. --Looking for much higher prices.

By the way, everything I have on, including Cotton and Sugar have been "patience" trades the past couple of weeks. Cotton and Sugar are giving indications of support and possible turn higher. Holding long for now. :)
 
As we poke above 1.43 in the Euro FX here, I will need to monitor somewhat as the potential in the scenario is always there for reversal instead of continuation with this chart appearance. As for the Swiss Franc Futures, the gains finally came in and I will stay long, However, they may be overdone just a bit and so I may need to monitor that one a bit as well. A smost know, I like to set it and forget it, so I don't like the monitoring as much. :)
 
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