Not scanned.
Appreciable geometry up north: for this reason I would bail it out at 1.2350 or so.
a break up will propell it up to mid summer higs confirming a bullish structure.
Otherwise it will likely reverse with different steps down and a FINAL TARGET AT 1.14
I am to chicken
and only trade intraday. Regards Helgo
Helgo, working Intraday does not mean be chiken. It is your approach on Futures and is 250 % valid.
Most of the Indexes are traded intraday( in speculative terms in 24 Hrs markets there is no need to carry over the position unless the operator is hedging a cash portfolio). I.E : I large part of the positions on ES are open and closed Daily .
As long as your approach makes you feel confortable it is the right approach.
Technically , EURO is acting as foreseen.
It could be a "trdae of the Yar" as theone experienced last year.
I strongly suggest not straight positions on futures.
The "primer" strategy is hedging it with double contracts on DX #f
Watch your portfolio and install a risk management structure.
We do not care: the insurance on DX is in place
Good results in little time
The two side in the auctions were both :
very motivate sellers and very motivated buyers.
What in the chart is the likely "step by step"
A jolly good bravo to the sellers.
All according the structure
The more stays in trading the more impulsive will be the next move.
So Monitor carefully ANY ROOM PROFILE
Look at post # 10 and # 11
..........but not so much as should have have.
How much 25 BP -already partially discounted - will they change ?
(either in streams towards treasuries)
declining volumes are a good clue for sellers
Synopsis:
a) Euro spiked up because BCE
b) 25 bp do not change a lot . We expect +25bp this summer but the fact is that the more the "funny monetary policy" in BCE rises continues, the more they will suffocate the just "born" EU economic recovery.
DT WAS INDISPENSABLE IN SPOTTING IN PROFILE SOME WEAKNESS AND CONFIRMING IT THERETO.
SELLING THE WEAKNESS AT THE TOP WAS LEGITIMATE BY A NUMBER OF CLUES