Dont know when this sell off will end, but get ready to rapid reversal, and buy calls?
the 5 Day Average True Range shows that the Euro is consolidating, big moves ahead.
now is pbbly a good time to play a short range trade, short, and s/l at 1.3050 for 60 pips gain. stop at 1.3150
Aussie will catch up with china slow down risks soon. spot : 1.0372 TGT 1.02. s/l 1.05
Anticipating a USDJPY reversal? The last few times that the ATR were this high, there soon came a reversal. The markets are waiting/consolidating for next BOJ governor and further actions from the government. Follow the trend once it breaks this consolidation
VIX at multi year lows, and I think the markets are complacent. The S&P is as high as during the dot com bubble and as 07 before the bubble burst. What warrents it to be this high? Not fundamental growth or spending, but resolution of three main crises, US, Europe, and China. Yet, growth in 2013 is nothing for certain, but the market seems to be poised for a...
1 YR MA average turning to the upside 13 wks MA crossed the 1yr during the 82-82.5 consolidation period before elections. Buy signal. Exit when the 13WK line crosses the 1YR line
AUDUSD Stretched *Safe-haven flows drove AUDUSD high over EZ worries in summer. *High AUD is hurting export oriented economies. *More RBA rat cuts to come. Enter at 1.04908 Stop at 1.0600 Target at 1.025