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peteg
(Hawaii, United States)
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peteg
Hawaii, United States
Posts: 1
11 years ago
Dec 7, 2012 4:53
In Thread: EUR
My stops are wider and size smaller when trading the weekly; looking at the daily closes for intra-week reversals for hedges and or partial reductions, especially at a new month's candle.

Last weeks low was still halfway above the previous week's candle body; directional momentum should respect half of the previous candle's range.

But holiday liquidity is low, so the moves can be exaggerated due to this rather than FX Volatility levels which are presently relatively low. So there can be some opportunities if you know your levels.

I'm looking at overall retracements back to the top and extentions measured moves of the bottom:
http://my.jetscreenshot.com/demo/20121207-twt6-119kb
peteg
Hawaii , United States
Posted Anonymously
11 years ago
Dec 2, 2012 17:49
In Thread: Gold, Oil & Indices (Equity & Bond Indices)

George I see a lot of resistance, everywhere there is a blue arrow/deep notch on the volume histogram at right. However the move off of 1340 level shows a lot of momentum ( perhaps a B wave in an ABC correction)and we appear to be stalling halfway through the next measured move up red dashed line as well at the overall 62 Retracement solid blue line.

The technicals are easy:reisistance as upside targets. The difficulty is judging and managing sentiment/ headline risk in an illiquid holiday market. They legged it up last holiday and the subsequent pullback held above 1380; Gotta think in terms holiday mark up for holiday bonuses on Wall Street...after all its not their 7.7 trillion at "risk" if you can even call it that anymore.
http://abcnews.go.com/blogs/business/2011/11/fed-gave-banks-trillions-in-bailout-bloomberg-reports/ http://my.jetscreenshot.com/12225/20121202-n2du-296kb
peteg
Hawaii , United States
Posted Anonymously
11 years ago
Dec 2, 2012 4:25
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Nice impulsive move off Nov 15. Coming into Illiquid holiday markets, perhaps we'll grease the futures to liquidated into gapping cash markets. http://my.jetscreenshot.com/12225/20121202-dkm7-314kb
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