You know, even though "they" talk about strengthening the dollar, I cannot find any policy that isn't crapping on the buck. Not that that has anything to do necessarily with the day-to-day thing, but just in the big picture I think the dollar goes lower. So, oil higher. What do you see/think? Do you trade it side by side with CL?
Mixed day across the board (euro and gold at HOD, but basically flat; equities, forex, grains, etc. mixed). Reuters is blaming the surge in oil to the French strikes. http://www.reuters.com/article/idUSTRE69541420101018 BOJ has bought equities in the past, they may hold on for a while, but eventually WILL intervene. BOE already readying QE, despite public dissension. BCE will stay put longer, but when euro strength starts to hurt Germany's exports, will have to cave in as well. We'll see after G-20 and November elections.
Thanks for the info....very interesting that the dollar is falling faster than our markets are rising. IOW, our market in Euro is in a downtrend.... Gotta love all the POMO shenanigans....
sim long .55 looking for a stop run in the ES that pulls us towards yesterday's high at 84 :55 stop to be looking to add as always stopped out be - might retry
sim +.47 bid .57 to add and filled - stop at .47 (5 ticks below be) If we were closer to the HOD I would add the third unit 1 tick below it, but I'm gonna try to squeeze it in as soon as I move the stop to be. :04 argh - stopped out at .46 (-12 ticks total)
SIM Today = BE Total trades = 20 My biggest consistent weakness is overtrading, but when I stick with trend atleast I BE even after loads of mistakes, and if I do not stick with trend then like friday -1000 Trading consistent is most difficult job and I salulte all those who do it, soft dev job can easliy fetch 100K+ ( experienced ) and it is so much easy...