USDCAD has pulled back to the 50% retracement of the big bounce off the lows and is now in its favourite support zone. But the rally off the low stalled at the 50% retracement of the swing from the August high so its a big decision time. I am looking to buy here with an upside target for this swing of 1.05 - 1.0550
Back at the top of the resistance zone favours shorts today. A breakout above this zone means 1200 next.
New trades (10:20NY):
Crude short 82.20 stop 82.50 PT 80 initially
USDCAD long 1.020 stop 1.0150 PT 1.0350 / 1.05
AUDUSD short 0.9870 stop 0.9905 PT 92.30 - addition
CRUDE short closed 50% @3R 81.00 (+1.5R)
AUDUSD short closed 50% @3R 0.9765 (+1.5R)
I am waiting for an entry to short Silver again - watching daily trendline
Open positions:
Crude short 83.70 stop 84.10 - 1/4 position left
Crude short 82.20 stop 82.50 - 1.2 position left
Crude short 82.20 stop 82.50 - 1.2 position left
AUDUSD short 0.9910 stop 0.9940 - 1/4 position left
AUDUSD short 0.9870 stop 0.9905 - 1/2 position
USDCAD long 1.020 stop 1.0150
AUDUSD short 0.9870 stop 0.9905 - 1/2 position
USDCAD long 1.020 stop 1.0150
Posts
Great chart of the S&P. Whoever is buying at these levels is nuts. Maybe they're not really people at all.
ReplyDeleteI have no idea. Netflix is crazy :)
ReplyDeleteAnglo Irish Bank Corp. offered to exchange 1.6 billion euros ($2.2 billion) of subordinated debt at a discount, paying in new bonds at a rate of 20 cents on the euro as the nationalized lender seeks to generate capital.
ReplyDeleteAnglo Irish will ask bondholders that don’t take up the exchange offer to accept just 1 cent per 1,000-euro face amount to redeem their floating-rate notes due 2014, 2016 and 2017, the Dublin-based lender said in a statement today
Ooof hardball
ReplyDeleteSPX
ReplyDeletehttp://99ercharts.blogspot.com/2010/10/spx.html
Ben's a moron.
Ohhhh I wish it could last...FOREVER!!!
ReplyDeleteoooh I wish it could last...FOREVER!!!
oooooh I wish it could last...Forever...