If I had shorted .37 (which I didn't), I'd have been out rather quickly on lack of follow through. Tried to short off Philly and it dropped too far from under my order. Or what I thought was too far. It turned out not to be too far...
I didn't know either, I though today was just about EIA report for Natural Gas and the Jobless claims. We are in the same boat. I do think we will have another big sell of, before noon.
I think that's some good trading there on your part. Yeah, in hindsight shorting at .37 looks like a killer trade, but with multi-day support below the LOD and right before the report (so much for consensus ) it <del>was</del> would have been gambling. But don't despair The t-boyz are a-coming!
Indicated expected volatility is for forex pairs: http://www.fxstreet.com/fundamental/economic-calendar/ Don't trade treasuries without it: http://www.bloomberg.com/markets/economic-calendar/ Also a good source of information on what's on oil traders' minds (I know, I know, it's all in the green and red candles ): http://www.pfgbest.com/services/research/blogs/energy-report.asp And for hurricane aficionados: http://www.nhc.noaa.gov/ http://www.stormpulse.com/ Now you know - meanwhile yours truly froze like a deer in the headlights once again at his signal... nothing new over here
Herr Kid, you know I have the utmost respect for your calls, but with eurozone positive data and US negative data (particularly regarding inflation in both cases), i.e. more holding the fort by the ECB and more QE by the FED, shouldn't EUR go up in the middle term?
Daily trend line is officially garbage. Only thing that can save this thing is a weaker dollar but I'm conflicted as far as that goes. Sticking to ES until I have an ahha moment.
We can revisit this in the future and find the answer. Its Pure TA, on my part and I'm no expert in its application nor is it 100% accurate. Unless you review your past charts which have in large red ink every news item and big arrows like - Ben Bernanke made bearish comments at this point........you are failing to grasp what TA is about.