amazed

at how the euro and gbp are hanging around extended like that....

gold and silver too esp given their volatilities...

its sort of eerie

thoughts??

 

its called a short squeeze

 

A short squeeze?
I gotta brush up on some jargon...was liking the look of gold/silver for a little short, till i saw the e-mini euro, and then, the cable...........does look good.

http://charts3.barchart.com/chart.a...&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

 

there wont be any pullbacks till the squeeze is over, or if its failed squeeze, but imho that thing was building cause for awhile, I dont think it even pulls back to 1.30 test IMHO.

The nature of a squeeze is to not allow any pullbacks thus not allowing the shorts to cover.

Every breakout starts as a squeeze, every uptrend starts as a breakout, but not every squeeze leads to a uptrend.

 

Thanks, that wasnt very confusing

What a purist technician might describe, or identify as a "pure" impulse move, effectively, yeah?
Ok-how is it different, (if it is at all) from limit moves in the meat complex, for example?

Same price behaviour,
just-NOT a price behaviour controlled by "panic', would that be close?

 

Its more like idiot squeeze because you have to be one to short currency in uptrend

 

Ive always been a fan of macro currency plays, but what time frame are you talking about siki13?

I think its important.
Just asking for clarification.

 

What do you mean ,what timeframe has
no real pullback?
For this trend hour timeframe is enough