Soros has made a billion dollars on the Yen as well. http://www.bloomberg.com/news/2013-02-14/soros-said-to-make-1-billion-since-november-on-yen-bet.html
Latest Eurozone data poor so expecting some chop, but with Carney favouring more QE, I'm inclined to expect GBP weakness and EUR strength. I'm without a computer for about a week, is there a potential longer term upside target for EUR/GBP?
The only level I have still above is 8760. We blew through the QTR and we are above the yearly A up. Nothing but blue skys. Again, I haven't done the number line. If I have time this weekend I'll do a 30 day. I suspect its in the mid teens. You just have to pick your spots. And DON'T read into the headlines. That's the fastest way to lose money trading is to think you know something when you don't.
BTW, meant to point out Gold broke down through the monthly A down at 1640 and confirmed on the 30 day number line. Heading straight for the QTR A down at 1579. Yearly A down around 1550.
http://www.nasdaq.com/article/soros-bails-on-gld-so-what-cm218415#.UR_2I6WTgmM soros seems to kill it.. with the yen.. gld .. large macro plays.. not a strong sign for GLD technically either..
Hope you guys read all the ACD posts over the weekend before they were lost in the changeover. There were some important ideas expressed concerning the number lines.
I did as you said & tripple read it haha. I also asked, do you happen to know why the "change in trend" data was discontinued ?
I have no idea. I never understood it anyway. Some of his stuff drifts away from ACD, maybe that is why he got rid of it.