Forex/Futures ST for Week 7/1-7/5

greenback

We have a valid breakout. We are already in NIKKEI futures overnight with a breakeven stop loss. If all equity indices close here strong, we will add more NIKKEI fund in the intermediate (401K) account. Note DAX is still not out of woods but Russell is doing fantastic.

The daily charts are not drawn with futures, but the underline indices.

greenback

Bonds finally have stopped bleeding ... let's keep our fingers crossed. We are back to the PIMCO PONDX income fund again for some non-trading income.

cc2265

greenback

The long USD trade can be 100% closed for now ...

Jeff

austinjoe

Thank you for sharing.

greenback

The intraday actions in equity are promising ... we have submitted the order to buy more NIKKEI fund in the 401K account. Let's keep our fingers crossed ... Of course, the order will have to be canceled if the indices decide to go south in the end. I'm not saying NIKKEI, which may hold very well today. However it will follow others going down.

greenback

Are we seeing Fri afternoon once again? So far previous high as S/R.

greenback

Bond to the rescue ...

greenback

I guess, market still owns us another down leg ... let's cancel all long orders and stay on the side line for another day. Note on Tue/tomorrow the market will still be open, but on Wed and Thur, the market will be closed, then it'll be open on Fri.

greenback

Since we still view the market action as side way, the trading strategy would be to buy low and to sell high. It's is safer ... you won't be too wrong at least.

greenback

Let's do an end-of-day recap ...

The bottom line is that the equity indices are still in a range ... can go either up or down from here. Russell and NIKKEI are the best, DAX is the worst. So buy low/sell high trades are recommended for the short-term.

greenback

The comments on bond at the beginning of the thread with daily charts still apply.

greenback

Currency majors remain the same as reviewed at the beginning of the thread.

aimei

谢谢老大

greenback

Okay, it turned out the down leg was so shallow, due to the strong Asian market hours.

The equity indices are back again challenging MA50 (on the daily chart) ... worth noting is that NIKKEI and RUSSELL still lead in this round. DAX is a lagging and does not seem to exert a huge influence on other indices, it seems.

NIKKEI broke out another important S/R zone at 14050 so we were long again overnight with breakeven stop loss. So far so good. You can clearly see NIKKEI is coming back strong. JPY is also back over 100 today. If the futures position won't be stopped out by the end of day, we'll add the position planned yesterday in the 401K account.

Unless there is a ADP data leak, I don't think there will be a breakout before the two-day break starting this afternoon.

greenback

The big guys have not been willing to hold the prices when the indices are pushed to the S/R for two days in a row. What does it mean?

1) They are selling their longs; 2) There are many new shorts opening right at the S/R for hedging.

Let's hope it is the second scenario. Usually we can only know the true intention when the lower S/R get tested.

aimei

greenback 发表于 2013-7-2 01:22 PM
The big guys have not been willing to hold the prices when the indices are pushed to the S/R for two ...

谢谢老大
真好
绿大　请教一个问题
Brent-WTI Spread 很低　说明啥呀？
谢谢

greenback

aimei 发表于 2013-7-2 05:08 PM
谢谢老大
真好
绿大　请教一个问题

There could be several reasons, production cost, transportation cost, and geopolitical risk, such as the Egyptian unrest this week and Iranian nuclear program etc.

aimei

greenback 发表于 2013-7-2 05:57 PM
There could be several reasons, production cost, transportation cost, and geopolitical risk, such  ...

啊
那应该一道涨 亚
还是不太懂
谢谢