tag:blogger.com,1999:blog-2880006569955813536.post4879109143357439146..comments2024-03-04T01:46:01.244+00:00Comments on Big Trading: ThursdayUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2880006569955813536.post-21035960751469544862010-07-23T01:17:11.133+01:002010-07-23T01:17:11.133+01:00Correction talk the stress tests may be at 7AM GMT...Correction talk the stress tests may be at 7AM GMT / 8am UK BSTNichttps://www.blogger.com/profile/15083151714732237616noreply@blogger.comtag:blogger.com,1999:blog-2880006569955813536.post-79935914729889035142010-07-23T01:16:12.962+01:002010-07-23T01:16:12.962+01:00EURUSD has retraced to the 61.8 of yesterdays drop...EURUSD has retraced to the 61.8 of yesterdays drop but nothing is moving tonight pre-stress tests. The results were to be at 16:30GMT but I am hearing they might be at 7AM London time ...<br /><br />Sterling is one to watch, there is a good head and shoulders on the daily sterling index and UK GDP tomorrowNichttps://www.blogger.com/profile/15083151714732237616noreply@blogger.comtag:blogger.com,1999:blog-2880006569955813536.post-44516575034476544972010-07-22T19:55:00.074+01:002010-07-22T19:55:00.074+01:00This market is making me dizzy.
I am glad I clos...This market is making me dizzy. <br /><br />I am glad I closed my ES short 2 days ago and locked in a small profit, but I am pissed for having to close out my EUR/USD short today at a loss (considering it was 120 pips in profit yesterday AGGHH).DontCrossMehttps://www.blogger.com/profile/00117306310783320681noreply@blogger.comtag:blogger.com,1999:blog-2880006569955813536.post-80954684936702600052010-07-22T17:50:11.072+01:002010-07-22T17:50:11.072+01:00Last summer I remember thinking "whatever the...Last summer I remember thinking "whatever the market did yesterday do the opposite today" and this chop is feeling just like that. You just have to trade really carefully and play small ball instead of going for the big swings until it resolves.<br /><br />AUDUSD and the S&P are clear breakouts. I was tempted to buy AUD when it broke out this morning but the stress tests tomorrow and the big US news schedule this morning stopped me. When there is big news pending like the stress tests tomorrow the market sometimes does break out early to ease the pressure.<br />Stress tests are announced at 16:30GMT I think.<br /><br />It does look like its "risk-on" for now but buy carefully and buy dips I think.Nichttps://www.blogger.com/profile/15083151714732237616noreply@blogger.comtag:blogger.com,1999:blog-2880006569955813536.post-79821060474862408872010-07-22T16:16:21.674+01:002010-07-22T16:16:21.674+01:00if the rally is based on earnings data it has to b...if the rally is based on earnings data it has to be short lived?<br /><br />btw have you got the astro charts software with all the planetary lines on?<br /><br />propboards had another wobbly today :)Richardhttps://www.blogger.com/profile/13210533399245910217noreply@blogger.comtag:blogger.com,1999:blog-2880006569955813536.post-30983109131000166462010-07-22T14:43:13.213+01:002010-07-22T14:43:13.213+01:00Hey Nic,
This chop is horrible. It seems that the...Hey Nic,<br /><br />This chop is horrible. It seems that there isn't any power behind the swings, at least not enough to get a lot of good risk/reward trades. I guess alternative is to take profits earlier than usual, but risk/reward would be worse, so I might take a break for a bit...Alexhttps://www.blogger.com/profile/07113646252350322844noreply@blogger.comtag:blogger.com,1999:blog-2880006569955813536.post-67239822030488441202010-07-22T14:29:40.975+01:002010-07-22T14:29:40.975+01:00How is AUDUSD looking to you?How is AUDUSD looking to you?Unknownhttps://www.blogger.com/profile/03966543973785285323noreply@blogger.com