Monthly A down in the Euro is 1.2445. Breaking through that now. The monthly on the Pound is 1.5511, we're sitting there now.
Hi Maverick I had just recently bought The Logical Trader and was wondering what time frame you use to get the weekly and monthly opening ranges? I'm talking Crude Oil . On the daily I'm using 730am - 815am CST (45 Minutes) My thought for OR for weekly would be to take 45 x 5 days=225 minutes and for monthly put at 900 minutes averaging a 4 weeks per month Thanks for all your insight and postings Slim
For you FX guys out there, this chart really stood out to me. Firm bid in the Aussie with risk assets and the weak Euro. Very smooth move here. We confirmed a monthly A down today.
Here is another good chart. Same theme. This time we see the strength in the Kiwi against the Euro. Also confirming a monthly A down. BTW, the reason I'm showing these cross rates is to get away from the messy choppy price action in dollar based pairs.
Here are tow ETF's that are capturing the insane breakouts in the entire grain complex. We have DBA and JJG.
NFLX had a solid breakout today. Obviously we saw a big pop on the news about total downloads but what I want to highlight here is that this is the first monthly A up since January. Remember, the more rare a signal is, the stronger the follow through.