ER2 has topped?
- Thread starter polpolik
- Start date
:Quote from lolo24ca:
er2 are the best contract ever ...WOW WHAT A RALLY !!!!
absolutly Mental
Hello,
Dollar wise this has the best range and opportunities, agreed Lolo. Purely technical trade on an extreme reaction, the rubberband had stretched too far, and was bound to snap back to a degree. The fade was to look for gap closure and I'm impressed it did so in two 15 min. bars. The other index futures did the same.
Now then do you fade the fade, certainly. This is the kind of volatility where the big $s are made, and where only a small % of trades, make a large % of profits. From here on out is to be seen whos in control today. Do the buyers close it back near unchanged or even positive, or do the sellers let it drift back down towards the low end of the range somewhere.
I was wondering why the early futs were down so much, and the only thing I could see was that Chinas Central bank had raised rates a .25 point. How the market interprets this from here on out after this volatility, will give us some indication whether the market remains onward and upward, or begins to consolidate some of the years gains thus far. This will also be interspersed with our own continuing economic data, and earnings.
Good Trading and Good Day to each of you!
Kelly
er2 are the best contract ever ...WOW WHAT A RALLY !!!!
absolutly Mental Hello,
Dollar wise this has the best range and opportunities, agreed Lolo. Purely technical trade on an extreme reaction, the rubberband had stretched too far, and was bound to snap back to a degree. The fade was to look for gap closure and I'm impressed it did so in two 15 min. bars. The other index futures did the same.
Now then do you fade the fade, certainly. This is the kind of volatility where the big $s are made, and where only a small % of trades, make a large % of profits. From here on out is to be seen whos in control today. Do the buyers close it back near unchanged or even positive, or do the sellers let it drift back down towards the low end of the range somewhere.
I was wondering why the early futs were down so much, and the only thing I could see was that Chinas Central bank had raised rates a .25 point. How the market interprets this from here on out after this volatility, will give us some indication whether the market remains onward and upward, or begins to consolidate some of the years gains thus far. This will also be interspersed with our own continuing economic data, and earnings.
Good Trading and Good Day to each of you!
Kelly
what you are observing is an upside crash as the dollar flits away one increasing notch closer to worthless