Monday, February 11, 2008

Attraction Points( Apoints)

SPX Daily Attraction Points 1310 - 1352, intraday coming up

N SPX 1322,1320, 1314, 1309 - 1332, 1335, 1337,1343, 1348
YOU should notice the outer intradays bridge into daily, AMAZING
N QQQQ 43.37,43.12 - 44.11,44.35

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I hope some of you remember, I said the JPY could/would rise early this week. Well, that is what is going on and market is moving lower and that is almost a classic move, cause after couple days of MDS buy , best thing that can happen is a .... PULLBACK! getting it, do not complain, if you are INVESTOR, slowly but surely put 5% or so , as advised earlier, to work over next 4 days. No chasing markets higher though. BUY what market will allow and let it go up if it wants to

For realtively new readers, to understand why I emphasize the the JPY so much, please read the entry (link on the right) for CARRY-TRADE and you will understand.

13:05 ET Q's approach the first and there seems to be a sort of a turnaround time here, so, we get a little rest here for the market that is off to see the lizard?

15:03 ET, JPY is having fierce resistance at first of its own. If it breaks from there market will go even higher, but perhaps JPY wants to think this over till tomorrow. We shell see 107 is holding YEN at this moment







21 comments:

John said...

Boris,

Good morning.

old john

boris said...

Dear John,
Good Morning,
and GOOD TRADING

DollarProAragon said...

1310 was below the most recent low at 1317. Another attempt to get close to 1270 ?

boris said...

Dear Dollar...

Could be ( we are close to 12-13 FEB, which is what we kept waiting for)

Good Trading

John said...

Boris,

thanx

old john

boris said...

Dear John, enjoy
GOod Trading

Jason said...

Boris,
Thanks for the APs on the SPX. hit 1320 on the money. Was able to grab a few bucks.
Thanks,
Jason

boris said...

Dear Jason,
ENJOY,
nothing gives me more pleasure than to see people make money from the gift of god, for whom, i am just an intermediary...

Good Trading

Jason said...

Boris,

What signal(s) do you place a trade on when the SPX hits an APoint? Reversal sticks, patterns, inidicators....what frequency of charts 1,5 min charts?

Thanks again,
Jason

boris said...

Dear Jason,
This should be mostly, your decision.
whatever makes you happy in trading.

some people like candles, some like MACD, some like RSI

Whatever time intervals, of course, 5 min time interval seems reasonable, but you can use 1min 2 min...

It is all what you are easy and familiar with in short term trading

Good Trading

Jason said...

Thanks Boris.

I was just wondering what were some key items that you use. I prefer candles on 5 min + RSI

Thanks,
Jason

boris said...

Dear Jason,
Just great.

you love candles.
Candles it is.

Good trading

lagscrew said...

Jason

I use the same--the RSI works real good for me when I want to finally decide where to enter or exit

lagscrew said...

5 min. and 5 day rsi

Damien said...

Thanks for your thoughts on the NZD Boris. Good trading.

boris said...

Dear Damien,welcome,enjoy
Dear Lag, good thinking

Good Trading

lagscrew said...

just hedged my S&P long

lagscrew said...

THX for the pressure points BORIS!!

boris said...

Dear Lag, "it is the pressure stupid!" (:-

sounds good

Good Trading

lagscrew said...

Is that like

Keep it simple stupid !!

boris said...

Dear Lag,
that one will do as well(:-

Good Trading