any more clues? are you looking at USD/JPY breaking the channel to the upside?
The ACD Method
- Thread starter sbrowne126
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any more clues? are you looking at USD/JPY breaking the channel to the upside?
https://www.bloomberg.com/news/arti...ll-is-said-to-close-main-astenbeck-hedge-fund
the last bull just gave up
the last bull just gave up
Thanks Mr. Yanks.
My pleasure Coach. I figured someone would note the many insights you've pointed out over the years in the "General market wisdom" category that were in the interview. I figured he had been reading your thread.
Did you see this Greenspan story?
https://www.cnbc.com/2017/08/04/gre...because-of-abnormally-low-interest-rates.html
Penny for your thoughts.
Hi Mav,
What's your favorite pair for the yen at this moment? My number line is the strongest(weakest? it's a confirmed negative) on USD/JPY out of 5 pairs related to JPY. Although the short-term momentum reset for me yesterday.
Anyway, next in line was the AUD/JPY. Isn't AUD/JPY a carry trade?
I've been reading through this thread for the past two months and it has seriously changed my game and the bottom line. Although I still only trade intraday, a lot of your wisdom has clicked with me. Thousands of hours trying to figure this game out and this thread is what started to put the pieces to the puzzle in a more clear picture of everything I have learned until now.
So I want to say thank you for all you have done here along with many others who had contributed throughout the thread.
The Van Thorp sp-500 volatility classification ended the week in the “Quite” mode for the 265th consecutive trading day. (It’s based on the 20 day ATR as a % of the close.)
Thursday and Friday were the lowest readings (.43%) since I started the data beginning in 1962. It would need to pass the 1.132% mark to fall into the “Normal” classification.
Thursday and Friday were the lowest readings (.43%) since I started the data beginning in 1962. It would need to pass the 1.132% mark to fall into the “Normal” classification.
Stat vol in SPX printed a 3 handle today! Yes, a 3 handle.
My pleasure Coach. I figured someone would note the many insights you've pointed out over the years in the "General market wisdom" category that were in the interview. I figured he had been reading your thread.
Did you see this Greenspan story?
https://www.cnbc.com/2017/08/04/gre...because-of-abnormally-low-interest-rates.html
Penny for your thoughts.
He is right, that sooner or later, rates will burst the equity bubble. I think this is a long way off. Ten year yields usually track or anticipate nominal GDP growth. And GDP growth is just not budging neither is inflation. He is right, that the longer it takes for growth to get here, the more explosive it will be when it does. But no one has been right trying to predict when this growth will get here.
Well so the yen obviously took off this week. I took some aud/jpy short earlier this week and closed them yesterday as it made a downs on both monthly and weekly and i feel like i got out too early but Mav had mentioned in previous years that it only takes 2 or 3 days for volatility to contract after exploding. I'm thinking i should look for failed weekly a up and failed daily a up next week for continuation. I also noticed that this pair and the spx are pretty much moving in conjunction to each other.
Usd/jpy pair was also confirmed weekly a down but is flirting with monthly a down for me as i type this.
Bonds have been catching a bid, yen is strengthening, usd is kind of weakening, volatility obiously picked up a little this week. But, I noticed currencies like mxn and try (risk currencies?) haven't really moved from these moves.
What are people's thoughts about this market? I feel lost as I'm seeing a lot of negative momentum but there still seems to have more room for chop coming for this month.
Usd/jpy pair was also confirmed weekly a down but is flirting with monthly a down for me as i type this.
Bonds have been catching a bid, yen is strengthening, usd is kind of weakening, volatility obiously picked up a little this week. But, I noticed currencies like mxn and try (risk currencies?) haven't really moved from these moves.
What are people's thoughts about this market? I feel lost as I'm seeing a lot of negative momentum but there still seems to have more room for chop coming for this month.
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Very prescient Mav.
USD.JPY confirmed 30D negative on the 8th, I usually look for a PB on a 30D cfm but with all the NK hoo ha, that looked unlikely so I jumped in yesterday just before the bottom fell out.
Qtr AD at 109.44, Mth AD at 109.25 both passed. Looking for it to test the June low at 108.82, next level I have below that is 107.50.
Of course I'll be broke by then, all my stock positions are rapidly going to hell in a hand-basket and Trump seems to be enjoying talking more than golfing so he's no help.