Looking to allocate short on a break of the purple trend-line - I like the break in EXY so EUR denomination suites the thesis - Volume Profile is favourable EXY for reference
going to take a punt here - Happy to lose a little here ;) - profit was good long, will risk 3% of yield at price discovery spec - Volume Profile favours `gravity
- price has broken 2 key levels for me (the 2 purple lines) - EU harvest doesn't look great (buy the rumour?) - has outperformed in the last week or so
- yen broke a key level - Now testing a 4 Month Trendline. - 4 Month Trendline has been tested twice in the past and bounced off, maybe bounce number 3? - I will be happy to allocate long/short, off these levels. Somethings of note: -the BOJ uses JGB's Targeting in its monetary policy. My theory is that when you see out-sized moves in JGB's, its indicative of a...
- Some key levels have been broken (Im' sure everyone says this with absolute certainty, haha) - If price breaks Blue Trendline, I will increase Allocations weighting. Some theories rolling in my head at the moment: - One way I could add to my position, is to Allocate, to a momentum basket trading tokens/coins from and index based on market cap. - I think with...
Interesting outlier for FANGs - Price is flirting with a 4/5 Month Trendline (pink line) - Price has already broken a 3 Month Trendline (blue line) -Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318 - if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought...
- Breaking downtrend (purple line) - I am a buyer at confirmed breakout of first Retracement level (yellow line) - Volume Profile suggest we could see the price move from current levels to 2.83 and even 2.9 with little resistance (according to 1D volume profile) - This kind of attempted breakout, seems to common amongst the commodities complex. Counters: - as...
I like what I see - Will allocate Short on a confirmed break of the blue Trendline. - Volume profile on the Daily suggests price could retrace to +- 12.7-12.57 area. - for the time-being, Fixed Income flows are favourable. - I think the BRICs summit should provide some positive sentiment for USDZAR, who knows, maybe some deals...? Counter arguments: - worried...