What is your tolerance on this trade?
Short DAX at 7740
- Thread starter ASusilovic
- Start date
What is your tolerance on this trade?
Large disconnect. This will end badly for equities in the next couple of days. Currencies are usually precursor...
Oh, we´re watching here inter-market correlations all day long. Usually, we have a whole bunch of indicators ( or how would quants say : "factors"
) that we are watching...One of the factors tells us that EUR/USD above 1.41000 is not good for the European export industry at all.
81.16 USD/JPY is even worse for the Japanese export industry. :eek:
So, JPY + EUR strength = not good at all...so we "THINK"
I think 6479.00 should be sort of "strong sell" or so...
Quote from ASusilovic:
Oh, we´re watching here inter-market correlations all day long. Usually, we have a whole bunch of indicators ( or how would quants say : "factors"
One of the factors tells us that EUR/USD above 1.41000 is not good for the European export industry at all.
81.16 USD/JPY is even worse for the Japanese export industry. :eek:
So, JPY + EUR strength = not good at all...so we "THINK"
Lot of interventions in-front of us.
EUR has scope to go above 1.41.
JPY, well, stock market is breaking 20 day MA at 9700.
I do not know how this is going to be resolved but maybe it is turn around in fx.
btw. I wish I stayed overnight in that USD/CHF short from .9625.
Do we have enough trend followers on board ? Yes ? Time for sell off.
Last print 6491.00. Exit rest calls. Unbelievable 479 % profit. LOL !