The last few days produced a lot of 3s on my NLs already for currencies. Everything indicated that the USD seemed to be headed for a huge downside move. Looks like people are blaming that on lack of specifics in Trump's speech.
All the pairs I am looking at are also looking extremely correlated now, basically the same movements but different magnitudes especially in the commodity currencies.
OMG...this is too funny. http://www.zerohedge.com/news/2017-...the+survival+rate+for+everyone+drops+to+zero)
Anyone else getting strong 5 day NLs for the indices? My novice eye still thinks the markets are setting up for a rally, well... at least until the inauguration.
EURUSD had touched my A Up from the London session and looked to be going up just before the US PPI data release then it crashed all the way down to my A Down before bouncing up on a short squeeze, making a test bouncing up and finally succeeding in breaking through the third time. Then it failed just shy off the 3 day rolling pivot and bounced up again. Times like this really make it look like magic. But I understand what Mav said about it not making bad traders profitable -- I didn't actually catch all those moves myself.
Strong earnings beat at BAC, JPM, WFC yet they are making C downs today....wonder if this will lead the entire market lower over the short-term.
There's not much momentum to speak of. I'm wary of pressing under these conditions. I did go long GBP around 121.85 after the London open around 330 am. It was really sluggish and I almost dumped it as it wasn't moving with time. But it finally came around and I dumped at 122.15 and really didn't want to pursue after seeing the open. Plus I'm respecting the trend. First targets I guess is the way to go till I see some good breaking action either way.