The View Down River

Quote from BLR:

Short at 12146/12211 M06

Target: 12036/12104 M06

Good luck everyone
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Need to ask a dumb question here. Is 121.46 your entry in the cash market?
 
Sorry, yes short at 12146 basis spot. My trade is executed in the M06 futures. All of my analysis is done on the spot market.

Current spread is about 68 pips.

Best regards
 
Quote from BLR:

Sorry, yes short at 12146 basis spot. My trade is executed in the M06 futures. All of my analysis is done on the spot market.

Current spread is about 68 pips.

Best regards
More...

Ok. another dumb question from a futures trader. What are the two numbers after the slashes? Are they the futures entries and targets?
 
The two entries are the spot price plus the 68 pip spread.

Short at 12146/12211 M06

Target: 12036/12104 M06

My short entry basis M06 was at 12211. The target is 12105 basis M06.

This represents the 50% retracement of the run up from the March 10 low of 11856 to the high on March 17 at 12208. Both of these are spot prices.

Best regards and good luck
 
Quote from BLR:

The two entries are the spot price plus the 68 pip spread.

Short at 12146/12211 M06

Target: 12036/12104 M06

My short entry basis M06 was at 12211. The target is 12105 basis M06.

This represents the 50% retracement of the run up from the March 10 low of 11856 to the high on March 17 at 12208. Both of these are spot prices.

Best regards and good luck
More...

So this is Fib, Elliott or something else?
 
BLR,

Looks like the eruo is not ready to go down this morning. I too am looking to go short. I placed a short at 1.2200 and lost about 10 pips before I got spooked by the price action. I might re-enter at a higher level.
 
Good morning Spersky:

The spike this morning was I think just a run on short stops. We seem to be moving to lower territory now (we are at about 12088) and I am still short from the level on my previous post.

Target is still the same.

Good luck to you.
 
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