bigmrfrank and atticus, what do you guys think about g/j right now. I'm looking at a 4 hour chart and it seems like it could be forming an inverse head and shoulders. Although I can't really say I've traded such a pattern before a "neckline" break I was wondering what you thought. The trend is obviously down overall, but I've traded this pair plenty and know how it loves to do 50% retracements. This, of course, has not been done since the last large leg down. I don't have a position right now, but might consider a long tonight in the mid 214 area if we see this hold these levels in Asia. Thoughts?
Thanks, I don't dispute it traded there. You posted a short and cover in hindsight. You state you covered minutes later... post proof via blotter and I will apologize and leave this thread.
JPY is >80% correlated to equity index. I prefer the liquidity in EURJPY and only trade carry off the equity drift. IOW, I buy/sell JPY based solely upon equity signals. JPY has underperformed [AUD, EUR, CHF] during the equity selloff, so I would be looking for a full-commitment long once the SPX prints under 1380 and closes over 1390. I'd want to be a buyer at 211.80 to 212.20, or the EUR-equivalent.
So you dispute the Time & Sales data. And the 1 min chart? and the 10 second chart? Photoshop'd maybe? GY was trading under 215.58 when I posted @ 9:20. Cut and dry. End of story. Better luck next time. Post your T & S, 1 minute and 10 sec or tick charts for 9:20 and prove me wrong. You say you have the data. Put up or shut up. Some BS bucket shop data doesn't count. As far as posting my blotter ... you first and I promise I will too.
lol, no. I have stated repeatedly that I DO NOT DISPUTE the time and sales. 215.58 printed before and after your post. You're trying very hard to be Jon Lovitz here. I dispute you actually sold 216.92 and covered at 215.58. My rationale has been outlined, ad nauseum. I'll ask one last time. Please post proof of your fills and I will graciously and thoughtfully apologize. I have no fill to prove, as my only trades have been neutral deltas in eurjpy exotics. None of which was posted here, let alone hours after the fact. I will happily post my blotter if you can assert and argue that I've posted any trade [of the hundreds on ET] in hindsight.
atticus, I see your short bias right now and, like I said, in the long-term trend I agree. Can I ask your basis for the 212 area for a buy target?
I didn't cover, my system did. Yes it was 3 minutes later and that was kinda freak but with as many filter conditions that are in place I can't pin point the exact time the sys trades. Made sense as while I was wasting time posting and reading GY was on quite an upward run. FWIW, I don't need an apology and don't expect anyone to leave any thread. I got no beef with you. It's only the internet dude.