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BudFox replied Feb 18, 2010Maybe done seeing meaningful moves until Tokyo opens up. May drift higher in the mean time until those cats pop on the tube and see the news. U/J stopped dead at 92 and right at the top of its LT daily trendline.
EURUSD
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BudFox replied Feb 18, 2010One would think it would gap down, otherwise the sell off during market hours would have killed this equity rally of the past couple of days and made for a nice pin bar telling everyone what the next move was going to be. Are you trading the ES mini ...
EURUSD
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BudFox replied Feb 18, 2010anyone else notice a higher spread, this move might have some interesting ramifications concerning bulls.
EURUSD
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BudFox replied Feb 18, 2010I feel that, missed my limit entry short by 2 pips just before the drop, went to grab an ice cream cone then come back and the shit has hit the fan, oh well. I'm not in the business of gambling. did however grab a few dozen pips on the bottom side ...
EURUSD
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BudFox replied Feb 18, 2010Time for US equities to cool off tomorrow, Dow just broke above 61.8 fib from the high of 1/19 to most recent low 2/5. PA look similar to the first big drop on 1/20. Time will tell. Does this mean another leg down for E/U? maybe so. Right now I've ...
EURUSD
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BudFox replied Feb 17, 2010More than likely price static due to low volume, but ATM on 5min TF looks like something of a sloppy descending triangle is forming, could be a good scapling opportunity. On a seperate note I'm long from ~3613 and expecting some kind of pull back ...
EURUSD
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BudFox replied Feb 17, 2010Haven't been in the market much the last week, a few trades here and there. Interesting to see $$ strength and US equity strength in the same day, I wouldn't have thought this correlation would have gone from negavtive to positive in one session. ...
EURUSD
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BudFox replied Feb 12, 2010Trying to stay patient with my short trade, it should either play out next week or I was wrong. Two charts same lines (I know it looks alittle sloppy). Basically we are at the top of this trend channel which should hold it if we are going to stay in ...
USD/JPY Discussion
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BudFox replied Feb 11, 2010Thanks for posting this article, really breaks down what liquitity in this market is.
EURUSD
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BudFox replied Feb 11, 2010NY is closing shop, probably not a lot of action between now and Tokyo, what PA we see may just be static. My favorite time of day to digest all of the previous hours information and put my plan together.
EURUSD
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BudFox replied Feb 11, 2010Doubt we see much downside this afternoon in US equity market, not much time left, but tomorrow morning could see a decline in US equities, looks like Dow has run out of steam ATM near 38.2, US equities down tomorrow could mean another strong day ...
EURUSD
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BudFox replied Feb 10, 2010I can understand about gut feelings. I try not to let them get in the way of what I see on my charts or how I make my trades though. They used to get me in trouble, now I leave my gut feelings to less important/subjective things, people for ...
EURUSD
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BudFox replied Feb 10, 2010US equities, Dow, looking good for a down day tomorrow, possible H&S formation, also touch off down TL, if it breaks support TL could see a new low, will be keeping my eyes on the futures tonight. Helps $$ bulls if this is the case, retest of e/u ...
EURUSD
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BudFox replied Feb 10, 2010I don't typically trade this pair but have been watching it closely the past week, I'm trying to understand why it has had a negative correlation to the usdx the past few days, when usdx is going up so is u/j, maybe I'm missing something here but ...
USD/JPY Discussion
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BudFox replied Feb 9, 2010Actually that was my first approach a couple of years ago, something did happen but it didn't have anything to do with numbers or charts. Maybe a thicker coat this time around?
EURUSD