I met a fund manager a couple of days ago, he said: "we are set up for strong rallye now" i could not believe that...
They will not be able to sustain rally IF & WHEN monthly histogram actually closes either @ or preferably below its centreline. At the moment from a technical point funds are acting upon lower time frame charts which show bullish reversal signs. Trouble with waiting upon monthly histogram to do the above is that price would most likely plummet, one has to be aware of this near the time to catch that 'tsunami' type sell-off, pure human behaviour. Seeing a failure swing here just below R2, retracement? I hope so But histogram on 1 min starting to look bullish, so I am not convinced, still short 1 lot. Covered -1, I don't like going against such a histo pattern
Little irony on our way up : German economic news gazette "Handelsblatt" frontpage headline today : "U.S. Economists fearing recession" HA, ha, ha....
Fucking media, I mostly laugh when I read the tabloids. Anyways, Short 3 Scaled out 2 +7.5 3rd +10.5 and Long 3 Scaled out 2 +12.5
+24.5 on 3rd doing a runner with someone else's money (+125 net) 41+ per lot, histo was kicking arse 2day, that 4 hour chart just keeps on climbing.
Short 3 divergence triple on 1 min -3 If ET starts offering brokerage services think twice guys, their servers can't handle real-time posting Short 3 Scaled out 2 +9 classic divergence on 1 min 7900 average retrace zone 3rd -0.5