ES Journal Archive (2006 - 2008)

sh 93,97 stp,89 bd

 

One of these days, you gonna have to start listening to me...

 

Since I never traded forex, I'm somewhat curious as to what the direct correlation between USD/JPY and ES is as far as intraday trend is concerned.

 

covering all but 1 at 86, see if we get 80-

 

just start watching sal,its great indicator,when usd/jpy hits supp/res,es turns edit....usd/jpy s/r lines ,u need to b a little forgiving ,since it's 2 instruments

 

US mkt is a global mkt. Most real buyers of US stocks are not from US at all.

The usd/jpy can be viewed as the combined cash in/out flow into US from various other means as yen is still the vehicle for carry trade, a mechanism to borrow huge amount of money so to speak.

Edit: I wonder if US cuts its rate down to nothing like Japan, what would happen to the correlation.

 

Fat boy slim??

 

I put up a 30m chart of SPX and a 30m Usd/jpy chart and print money. Staying away from yen short straddles for a little while.

 

adding 1 short at 96, need a hard break of 90 now for confirmation.

 

sh 96.75 and 98,