Update – EURJPY,GBPCHF
Both EURJPY and GBPCHF reach their targets. There was no preceding ACU so I did not enter these trades.
EURUSD next move – M30
Two important areas ahead. Already 4times tested flip resistance at 2770’s vs 2720’s 5times tested support. Who will win the battle?
Pop up
Recall that the Fed is currently buying up all the 10 Year+ gross issuance. To assume that this can change in some way is ludicrous. It also means that going forward, anything less than $85 billion in monthly flow from the Fed will be seen as tigh…
14.11.2012 – EURUSD, AUDUSD
Market has offered two opportunities:- 123ACU play- SUPPLY AND DEMAND play with total RR of +7R. Check that out 😉
Possible trades – EURJPY,GBPCHF
Right now I am watching these pairs. Both are offering +3R opportunity and I like the technicalities. Let’s see what Wednesday brings.
WTF pattern
I wonder on what statistical sample has been this pattern tested. Kinda reminds me my Giraffe patern 🙂 source: ritholtz.com
Rules for electronic trading
Well presented arguments from Steven Spencer about electronic trading. To sum it up he offers three improvements which should be considered: Participants (mostly HFT) should not be able to see other orders then their own. If so, the trades should …
Week ahead – EURUSD, EURCAD, GBPUSD
Lower range of the EURUSD pair was broken and open the door towards the 1.26 where I would suspect some buying power to be present. Before we get there I would expect some kind of retracement either back to 2730’s or 2780’s. One way or the other, …