ES Journal Archive (2009 - 2010)

[opt789]

It will only be of note only when the stock market rallies without the dollar being destroyed.

For those who haven’t paid attention, the dollar is down about 75% against the Euro over the past 9 years.

I don’t understand why so many have shorted an uptrend, but now that we are 20 points above the gap this morning, it might be worth a try.

Now you know why I said the only logical thing to do for those short the 1000 line was to get out before today.

 

[xty]

Quote from Lawrence Chan:

USDJPY ... amazing move!

The move that spoks the EUR/usd and possibly the bulls

 

[HooLee]

Quote from HooLee:

One more guess...

On schedule so far. Lets not forget the ugly monthly chart. I don't think SPY can retrace 50% to 110, guess it will stop around 104.

 

[Lawrence Chan]

Quote from opt789:

It will only be of note only when the stock market rallies without the dollar being destroyed.

For those who haven’t paid attention, the dollar is down about 75% against the Euro over the past 9 years.

I don’t understand why so many have shorted an uptrend, but now that we are 20 points above the gap this morning, it might be worth a try.

Now you know why I said the only logical thing to do for those short the 1000 line was to get out before today.

Yep. Selling R3 and above has a very good track record to get a tag of VWAP of the day.

Winners - sometime big if the drop starts early, sometimes small if the mkt stays up pulling the VWAP higher

Losers - controlled risk because you know where R3 is beforehand.

 

[Bigpipn]

Here we are at the 1027 area, let's see what she does from here.

Spectre's 1025 target was tagged in a very reasonable R:R.

 

[ammo]

another tl

 

[Bigpipn]

Quote from Lawrence Chan:

USDJPY ... amazing move!

WEEEEE!!!

 

[Lawrence Chan]

Quote from Bigpipn:

Here we are at the 1027 area, let's see what she does from here.

Spectre's 1025 target was tagged in a very reasonable R:R.

The key is how the mkt react to the level.

It has to be a sync play across all instruments though.

The first sign is showing because we have major reversal developed across currencies ... USD is gaining strength.

 

[Lawrence Chan]

VWAP 1018 - 1019

 

[xty]

Quote from Lawrence Chan:

The key is how the mkt react to the level.

It has to be a sync play across all instruments though.

The first sign is showing because we have major reversal developed across currencies ... USD is gaining strength.

Would u consider USD strength as positive for equity.........?