Ivan's Trade Thread, part II
- Thread starter Ivanovich
- Start date
AUD/JPY stalling in the 62.30 range. Plotted s/r line at 62.09, so I put a limit buy at 62.11, price may not reach it.
Filled, stop at 61.45. Stop is outside of the 4 hr trendline I have.
Do you think that's enough breathing room?
Do you think that's enough breathing room?
Brilliant! Let's see what doesn't happen.
Fundamentally something is fishy.
Equity futures going up, yen going up. Euro looking like it's topping.
Could be NFP, and if so we might see a massive buy the rumor sell the fact act. Overnight the NFP estimate went over a million. A million jobs lost! I suppose it's not inconceivable (Princess Bride, anyone?) but a number like that would - based on past weeks correlation - crush the Euro and Aussie and cause flight to dollars/yen. Yet in the face of this, the Euro rallied significantly overnight, but other currencies did not.
Something is fishy.
Equity futures going up, yen going up. Euro looking like it's topping.
Could be NFP, and if so we might see a massive buy the rumor sell the fact act. Overnight the NFP estimate went over a million. A million jobs lost! I suppose it's not inconceivable (Princess Bride, anyone?) but a number like that would - based on past weeks correlation - crush the Euro and Aussie and cause flight to dollars/yen. Yet in the face of this, the Euro rallied significantly overnight, but other currencies did not.
Something is fishy.
It's a red herring
