These quarterly Aup/Adown levels are too tight for this pair UUP/FXY proxy for usd/yen. Still,I would be surprised to see this move much towards the quarterly A-up level. Anyway a recently confirmed monthly A-up for December
Are you using a % of the QTR ATR for these levels or % of a daily ATR? For example for my weekly A levels I use a % of a 20 week ATR, for monthly A levels I use a % of the monthly ATR. I am not to sure what others here are using and I don't really think it matters provided you understand your own levels.
http://finance.yahoo.com/news/jpmorgan-fed-could-trigger-massive-192321466.html Is this why we here should expect a massive rally on/after the hike? Massive put positions are set to expire 2 days after the meeting. I'm thinking the crowd may have it wrong this time?
Yup, a multiple of quarterly ATR , but, this same multiple applied across many instruments may not be the way to go. Wide levels for ranging price and tight levels for trending price seem better as discussed on this thread. May have to treat each asset individually depending on what it is doing recently.
Equities are super weak. Every pop is just getting sold off super hard, fading A ups has been printing money this week. Don't know how we rally with oil in this rout.
True....seems my NL for SPY just confirmed on downside and it's below the monthly A down...definitely not looking good for equities
HO HO HO! RBHO (the petro widowmaker) up 16 cents since the report on Wednesday! I have never seen anything like this before. HO just hit my WTR and MTR but now I am thinking, does this go to the QTR around 1.11? What a puke!