Friday, April 24, 2009

Sideways move persists, how long?




As we indicated in previousl posts, the Pressure charts suggested the sideways move. Not for long though. Sometime soon the break must come. We think one way! we shall see

120 comments:

xerxes said...

Perhaps it's a new day Dear Boris but they moved EURUSD to nearly your 3rd high hourly AP and I haven't had breakfast yet :-)

boris said...

That is nice speed.
Now , either you are slow Dear Xerxes or market is fast(:-

Good Trading

boris said...

Yes, there was a quick bounce from third , in SWISSY as well

GOod Trading Dear Xerxes

xerxes said...

Dear Boris...15 min EURUSD has carved out a nice looking cup...If this is what its doing the target would be another 3oo pips or more up from here...We just need some kind of handle...Not very hard to build...

xerxes said...

Dear Boris...USDCHF has hit the lower channel line for the 4th time in a month...Three times lucky perhaps, but 4 times?? If I had the moxy Dear Boris I'd go long here with a stop/reverse at 1.1420...

xerxes said...

Hangman on euro hourly Dear Boris... Will it matter? Franc making new highs..

xerxes said...

It didn't matter...

xerxes said...

Bowled over 3rd high AP...

boris said...

Dear Xerxes,
I think you are right on SWISSY at 1.1420

Good Trading Dear Xerxes

xerxes said...

Dear Boris...Since Monday divergences seemed to resolve in favor of the price instead of the more usual opposite....

xerxes said...

From the look of the franc charts, if the dollar falls much further we could get panic selling of USDCHF

xerxes said...

Dear Boris...You said the other day that EURUSD would stop rising when we had a day where 5th hourly was taken out...Looks like we're close to the 9th hourly :-)

Aboot-Bull said...

Dear someone,

old cliche on markets say sell on good news... buy on bad....
good news out too soon ?!?
where ever i look i see euphoria,
just my speculation...
i could be wrong here...

boris said...

Dear A-B,
Agree, euphoria seems to be setting in becasue Smilly Dear OBAMA is able to multiply deficits and like rabits , peple think the spring is around.

Spring maybe around , but economic spring may have to wait for next 2-3 years to fully develop.

Of course mini-springs are possible along the way

Good Trading

xerxes said...

Past the 4th..5th fast approaching..

xerxes said...

Dear Boris...5th target hit...Should we start the daily countdown now? First was past already...

xerxes said...

2nd daily done....big leap to 3rd daily...

xerxes said...

You can buy on the hour and retire in 30 minutes...Hail sopitalism :-)

Ivan said...

Dear xerxes,
I think, it could be brutish for EUR and BRITISH...

xerxes said...

Dear Ivan...Yes, but from what point...

xerxes said...

384 pips in 49 hours Dear Boris...
that can pay the rent Dear Boris..

Ivan said...

I suppose this one...

boris said...

How long did we know this is likely to happen.

Well, you know it for about month.

I knew it for over 5 months.

GOod Trading. I mean you can plan!(:

Ivan said...

Boris, the only problem for me is: I was long EURUSD till the start of NY session yesterday. We had strong pull back in that time and I was out. Now scaling in EUR shorts...

xerxes said...

Simple mortals can't plan beyond lunch Dear Boris...That takes a sobre dotado :-)

xerxes said...

I hope you're correct Dear Ivan... Everywhere I looked it seemed that indicator divergence suggested that the buck should rally but it continued to decline...Picture looks the same now... What's a bit worrisome is the next daily AP is far away for EURUSD. I would think that the buck should rally to 1.31 area now... Only Boris can resolve this Gordian Knot :-)

boris said...

Dear Ivan,Xerxes
I am not that smart.
In fact I am prohibited from being too smart. Or the Pattern recognition abilities will be taken away from me(:-

In reality, I took profits yesterday and now would likt to calmly observe the retrace and look for next opportunity.
I do not, repeate, do now know it all. I never will.

It is enough for me to know when( approximately) something is supposed to happen and take appropriate actions. ( trade or not trade.) (allocate or reallocate).

That is it.

I know when to act and take the profit from that action.

That means that there are many times, when I do not know and do not care and stay out of the market.

One of those situations is now.
I do not want to be bothered until next good ooportunity comes.

I am now resting. And How no short term postitions at all.

This is the case most of the time.
Like marathoner. I run my marathon and then rest for days weeks till the next marathon.

Anything else is sure loss, because, most of the time I do not know markets. ONly at inflicion points.

GOod Trading

Ivan said...

EURUSD: Some Spanish names selling here at 1.3240-45.

Dear xerxes, are you this person...:-))

xerxes said...

Dear Ivan...I heard the rumor as well :-) I didn't short Dear Ivan but your call was fantastic..Enjoy the ride :-)

xerxes said...

This is tough Dear Boris/Dear Ivan... For the hourlies, the 10:00am candle was a crappy shooter...The 11:00am was a weak dark cloud...Price is sitting on the ETB 13;0.4 and on the 15 minute it is sitting on the EMA 13...Stick pattern could be bullish or bearish although the weak cloud suggests bullishness....

xerxes said...

Dear Ivan...Canaries 26% unemployment, Extremadura 22% and 24% in Andalucia...Those are Spanish provinces with lots of tourism...

xerxes said...

Baleares is 20% (Palma Majorica)...Forgot that one...

boris said...

Deaer Xerxes,
For how much an average looking villa or appartment will sell in those places these days. Do you have an idea?

Good Trading

Ivan said...

Dear xerxes, those numbers are very high, even for Croatian standard. Here, in average 15-17%.

Ivan said...

For those interested in real estate prices in Croatia, Slovenia, Italy, Czech Republic, Germany: my friend is co-owner of these meta-portals:
gohome.hr , gohome.si , gohome.it , gohome.cz , gohome.eu .Very useful sites.

xerxes said...

Dear Boris...There are the usual parameters, i.e., neighborhood, square meters of living space, lot size for villas, location, etc...
In Malaga province they claim a 0% decline this past month alone... There is also the problem of obfuscation of sales data...It isn't easy getting accurate comparatives..
Having said this, I think you can get a flat in a decent place of 70 meters for around 150,000 euros... Villas are fewer in number so it is less easy to generalize as people can ask for a king's ransom for a dump..

xerxes said...

Meant 10% not 0

xerxes said...

DAX moving up Dear Boris...

xerxes said...

Dear Boris...Ascending triangle on daily DAX is usually broken to upside so your 3rd daily could come into play...

boris said...

Dear Xerxes,
Thanks.

Good Trading

boris said...

Dear Subscribers,
It ssems like EURO run is running later and harder.

That gave a push to stocka markets.
That is why I advise to thread lightly on short there till the EURO run is over, which we hope is over today, but you never know

Good Trading

boris said...

If EMINI was to break 853 area solidly 880 is a next destination

GOod Trading

John said...

Boris,
good morning

old john

xerxes said...

Dear Boris...Despite its recent run, gold looks hot here...Watcha think?

boris said...

Dear John, GOod
Morning
ANd Good Tradign My Dear Friend

Here is an item of interest presented by Dear John

GoldMan?

boris said...

Dear Xerxes, Please see my exchange extended today with Chris
at DotNet Site about GOLD.

Good Trading

xerxes said...

Where on the dotnet is it Dear Boris...Didn't see it on main page or under forum

boris said...

In the feedback of the previous post. Dear Chris is asking questions on the subject

Good Trading

TwinGems said...

Good Morning Boris,

I don't see your feedback about gold either? where is it on the .net site?

thanks
Carol

boris said...

Dear Carol,
Can you please go to yesterdays post and see "feedback(5)" secion in blue letters

Thanks you so much Dear Carol

xerxes said...

Never noticed that feedback feature.. Very nice

TwinGems said...

okay, such a small link I never even noticed it... thanks

boris said...

Dear Xerxes,
Dear Carol,
Thanks. Yes, the Feedback area is almost invisible!(:-

Good Trading

boris said...

Deaer Subscribers, the PCRatio chart has been posted on the body of this post.

Thanks and Good Trading

boris said...

One could try and nibble on UNG, here, not much risk, please build on coffe money. If you have profits later, add more. Start from coffe money please.
Good Trading
Buy it at 13.74 with the closest of stops at 13.57 exactly coffe money for 100 shares or less. And do not want to hear anything else

(:-

GOod Tradiang
UNG is for Natural GAS ETF

xerxes said...

Dear Boris...Equities moving up with gold...bit odd?

boris said...

If it costs you nothing, or almost nithing, like 1$ then sell UNG and buy it at 13.78
Let it prove it can go beyond mornings strength

Good Trading

xerxes said...

Dear Boris...Have you authorized a move to the 3rd DHAP for S&P?

boris said...

You mean the IHAP, Dear Xerxes,

Yes, for sure.

Good Trading Dear Xerxes

boris said...

Ok, so, this is a best 17 bucks coffee , money you have lost on a single trade.

this is how I trained myself.
Losing 3 coffee moneys and making 5 coffee money when market went in my direction.
That is the way it worlks.

If you are not trading for less than $3 per transaction, please do not ever try what Just asked you to do.

In any case UNG is down a lot and it will break out on the upside, so , for those that have 100-300 Dollars in it should wait/can wait and see it come up. This is the most depressed area in all commodities world these days. Everything went up from lows except the Natural gas.

Funny that natural gase companies we recommented in our Novemebr list including the BTE/ERF/KMP are all doing well, but UNG is not

HM how long?

Good Trading

xerxes said...

Seems to me the equity rally should be over now Dear Boris, according to your daily S&P AP's, anyways...

Ivan said...

I think we will close today below 840. Just a feeling...

Richard said...

Sideways ???

We have been going sideways for SPX 10% up move...

boris said...

We are only 11 points above where we were on April 6. Amazing sideways move for almost 20 days now.

This, certainly tells us that market is tired and it is trying to distribute the shares to weaker hands.

Are they out there? Is public participating?

We shall see.

Good Trading

boris said...

Dear Richard,

Are looking at charts?

On april 6 we had a high 852 sir.
I hope you can see it and come back and report if that is the case.
FYI, we were higher on APril 17 at 870.

So, we are 10% high from where?

We did not say we will be going sideays On March 6, we bought the market on AMarch 6 sir. And Yes we still hold in allocation 21% of stocks.

I though I would just inform you sir.

I hope you car verify all these facts

GOod Trading Dear Richard

Richard said...

April 6 SPX close 835
Current SPX 866.

31 points

boris said...

We are up exactly

1% since April 6, Not 10%
Market Standard Deviation is more than that SIR.(:-

I hope My perverted ENGLISH is not screwing your calculations.

Good Trading

Richard said...

Boris...your comments April 7 at the close.

"16:05 ET, Another Distribution Day, I think clearly."

SPX close was 815
SPX on 4/9 was 856

boris said...

Dear Richard,
You can not take high and you can not take the close
YOu must take average and we are not much more than 2% higher than the average of 20 days from APril 6

Where do you get the 10% I do not know.

Even 835+85(10%) is over 910!(:-

Please , make sense, I went your way and you still look bad.

And I did not say Market is sideays on APril 6, we started this later. Look at our posts.

I do not know who you are, but if you want to come to this board make sense Please


Good Trading

boris said...

And Yes,
It was me telling you that we will most likely hit highs today.

If you have problems man, leave them home.

I respect those who respect themselves. You do not respect yourself coming up with this BS

So, go get the grip and come back as a different man.

We will welcome everyone who has an idea of what to criticise and how.

you are ....

Good Trading

boris said...

Look, You do not make any sense. at all

Distribution does not mean that market stops going up. Some distributions take months to complete.

I do not know what language to talk to you sir.

Also, what you think is distribution is not the same for us it is in the context of what SIGNALS we have.

In any case. You make no sense.
Your own statments prove that.

We are nowehre up 10% from any point you would like to discuss.

Depending on our signals, we have distribution days that can last from 1-15 days historically.

Even in the conentional sense of distribution we are OK, to have made that statement.

Good Trading to you sir.
meanwhile, our members made couple shorts and made good money.

In any case. Did you hear me that I am wildly bearish now or what.?

I think you need

1) to learn who we are
2) what language we speak.Techincally we refer things in our frame of reference not yours
3) Even in conventionals sense, your statements do not make sense

I am willing to spend time with people who can converse.
I doubt you can or want to.

Besides did anybody ask to be here?

You are here. By you choice.
Make the best of man.
Do not make statments that can speak ill about you

Good Trading

xerxes said...

Well Dear Boris...My screens have frozen themselves so no live feeds..

boris said...

If you do not want to educate yourself and pay money and go and invest on what you think

I said.

All gains and losses are on ou watch sir not on mine.

You think we disclose everything for you here?

Then who do you would pay us for our services?

Our members know the context in which we speak.

You know enough to get interested or not.

That is it.
This is not a site from which you will make money, by listening in
Please do not do disservice to yourself

Good Trading Dear Richard

xerxes said...

No need to be upset Dear Boris....

boris said...

Dear Xerxes,
This man has an agenda.
Or he is simply lost.
In either case, he needs to come back when he is better.

That is all.
There are people visiting this site that may get completely distroted view of things if they listen to him. This is not something to be taken lightly

Good Trading

boris said...

He may have gone short this market.
Interesting when was it that I first started to say nibble at shorts at 870 .

So, he must be stopped to demage himself first. If this is the case.

Good Trading

jimww said...

Dear boris That nat gas used to trade between 2.80 to 3.80 for years. My guess is 3.27 , just a guess a preety number, anyway you are right very close to the bottom , if not today why not?it is friday great day to bottom.

John said...

Boris,

First time in a long while I have seen ( heard) you perturbed. :)-

old john

John said...

Boris,

I layer in when I short and then very small amounts. Do not like getting hurt

old john

boris said...

Dear John,
At this moment this is my business and how would anybody feel if somebody came to their store front with a BIG PAPER written on it:]

HE SOLD ME DAMAGED GOODS!

Nobody I know with a pulse would remain indifferent to that.

So, While I am not really very purturbed about, I am definitely not calm about it.

And first thig I must do is explain to those who do not know that the man does not speak truth.
WHICH IN THIS CASE was not that hard, thank GOD(:-

Good Trading

boris said...

Dear Jimm,
Prices of everything went up.

OIL was 9 bucks remember before BUSH ( 1998).

Well now we are at 50.
I think NATGAS is cheap compared to OIL, do not you think so.

Good Trading

Mike Truong said...

Dear Boris,

I think too many people want to be spoonfed exact numbers with exact and amazing turn/accuracy. Just too bad. I have always look at distribution and accumulation period in longer time frames of daily or weekly. I mean if the price move within a range of say 60~80 points, and you are in the middle then there is really no movements at all. I think "Dick" got short at the low end of the range and is now hurting @10% drawdown...Anyways, on EUR I drew a falling wedge on the daily with the break around 1.30~1.31 so I think we may have 2 couple of more days of updown gyrations in smaller intervals (possibly by Tuesday night/Wednesday morning?). I think we saw the high for the pound for awhile with today local high @1.4770 hold for a few weeks at least.

Good trading dear friend,

Michael

lagscrew said...

dumped faz at 8.72 this morning vs 9.05

one day it will work

boris said...

Deaer Michael,
Thanks
I know I can count you making sense, every time you say something

Good Trading Dear Friend

boris said...

Dear Lag,
It will work Dear Friend.
Good Trading to you.

I would have liked to see you use closer stops , a friendly suggestion

Good Trading Dear Friend Lag

boris said...

And funny thing is

We advocated to start buying the market right at the bottom of around 820

This man RICHARD must be BLIND.

Good Trading

Mike Truong said...

Dear Boris,

Swissy (USDCHF) dove below the lower uptrend channel on the daily. I think since its big brother (EUR) is having a good time, then the break is not an issue. We may even see it go to the strong support @1.1150 to 1.1250. I will be a buyer there.

Good trading dear friend,

Michael Truong

jimww said...

Dear boris you are correct, on a BTU price is very cheap .... That is why I agree with you I think you are spot on,....I really think nat gas has a 60/40 % it bottoms TODAY , but any way the low is very near and will climb slowly the next few years to 7.00.

boris said...

Deaer Michael,
I thought for over 2 months now that SWISSY should be at those levels and even better ( higher in price).

The fact that it played the patterns but did not do it with a good strength associated with it, worries me for all this time.

What Am I missing?

If what you say was to happen that is a final nail in the coffin of Dollar. My Dear Friend and March High may stay as that!

otherwise we are going to Jun/July high that may approach or even better Dollars March high

GOod Trading Dear Mike

boris said...

Ok, it looks like a very important stand has stopped the EURO and CHF from progressing any farther and that is putting some strain on markets ability to make progress of its own higher.

We shall see if market still masters the fift. It already reached 4th IHAP HOURLY

Good Trading

boris said...

Market is coming under more and more pressure as the EUROS are coming of the highs

Good Trading

John said...

Boris,

thanx

old john

boris said...

Air pocket encountered by both Currencies and Stocks market.

Which propelled both up strangely enough(:-.

Well, maybe it is a language problem it is not an air pocket, but a pick me up coming from above(:-

In any case quick jump in Currencies has lead to jump in Stocks again, but now we seem to be correcting again.

Is volatility creeping into the markets?

Good Trading

boris said...

Dear John, By, many indicators the market needs to be turning down,
It would be unwise thought to think that one can put things here on autopilot

Every position needs to be managed very intentively

Good Trading

boris said...

in spite of a good jump back.
Makret is still struggling within the fourth area, not yet able to go to fifth, but it seems like it wants to and the level of 880 suggested this morning is not too far from there. So, market shold not be considered lightly if it kilss the fourth decisively. So far still struggling.

Good Trading

boris said...

Now the market is exhibiting the mind of its own. Even as the currencies are dropping market is holding up.

Was the quick drop the test/trap of the BEARS?

Well, regardless, so many things are just so tired, but unfortunately it is feature of the strong bull market ( even if temporary ) that it keeps going up in the face of all the negative indicator readings. That is why caution is the name of the game. I would not have advised anybody to remain short after the 854 was passed this morning. I stated that market could rally to 880. Did not get that high, but did rally for a double top on Monday or better?
We shall see. 880 are todays number, mondays number is 885 and tuesdays number is 888.
Do not know if we get there. It all depends on how currencies turn here.

Good Trading
A good downside potential, if we drop below last weeks low is around 800 now.

GOod Trading Dear Readers/Subscribers

Onmore thing, if we view this move up as an ABC then the level 886 looks like an 100% projection for this move and it is where we are stuggling now. So, that makes the 4th arear double important as it is also very important FIBO projection.

Good Trading

boris said...

Sorry,
ERROR

ABC projection 100% IS AT 866

gOOD tRADING

jimww said...

Dear boris thanks.... 327 nat gas holding.

Mike Truong said...

dear boris,

eur is still within its wedge so i think we will chop in the market. i would not be surprise with a blah < .5% +-. i think the real action is next week midweek or so.

have a good weekend and happy trading dear friends

michael

boris said...

dEAR Michael.
Indeedt that is what we are getting so far.
EURO/SWISSY are unable to run away from the narrorw are where they are stuck, which may well lead to renewed push early next week. Inability of Dollar to rally here here is significant. Still have some time, we shall see.

Good Trading

boris said...

Dear Jimm
Thanks.

Good Trading Deaer Friend

boris said...

Market,

U N A B L E

To over come the the ABC projection and turning down!

Could be a nice quick and low risk short.

GOod Tradiang

boris said...

Well,

It moved down very fast, if you noticed. That level of 866 was only slightly broken but not closed above and reaction was swift, Once started


Good Trading

boris said...

Ok, Frankly,
I do not want to be short here, in a short term sense.

If I could control it maybe, but weekend comeing antyghing can happen.

Small no significance short can not hurth anybody, but that is not what I am talking about.

As assett allocators though we are long and that is just where it is with 21% allocation at this time

Good Trading Dear Friend
And Good WEEKEND Everybody

boris said...

We still had the market stuck in a trading range, this week, and frankly we thought that market may rally more forcefully as the anticipation was the EURO will rally.

While both of these happened and exactly on time, around 23 April +- 1 trading day, the strength of the market rally has lagged the strength of EURO rally.

Interesting Ha?

I am of the opinon that EURO Rally may have finished itself, but that has not proven yet in the field.

While EURO did not rally much since early afternoon, it did not decline much either.

So, As Michael things the potential , certainly exists for next weeks follow up.

If so , Stock market will follow on the upside as well.

We shall see. The turn dates fall on this weekend so, who knows perhaps thay can flow into the begining of the next one.

Have a NICE WEEKEND AGain

John said...

Boris,

went short a very small position of SDS at 64.28
thanx

old john

xerxes said...

Dear Boris...Good Saturday Morning...

It seems to me that we've reached a critical point in EURUSD... The pair has sketched out a gorgeous Cup on the hourly. The cup begins on April 15th and ended yesterday with its 1.,3300 peak...
Bottom is 1.2890..It looks like we're forming the handle now...My guess is that the handle stretches down to around 1.318 where the hourly ETB 13;0.5 sits...The euro could drop a bit further to 1.316 where the MAE 40 rests...Both the ETB 13; 0.5 and MAE 40 seemed to have provided support recently.... Then we blast off to the 1.37 area to double top the March run-up.. If you remember, Marchs' run came se after Bernanke said he was gonna print like mad...

It is possible that the cup formation is still not complete and may continue on to 1.339...This can be seen on the 4 hour easily....In either event, I'm looking for a pullback to the areas I mentioned above so I can go long EURUSD....

The other view is simply to state that we had simple trans channel moves...The 4 hour EURUSD (ETB 13;1.0) the 4 hour franc (ETB 13;1.5) and even 4 hour gold (ETB 13;2.0) all suggest that....

I guess such a big move in EURUSD would spark a big move in stocks.. Call up and find out what's what please :-)

boris said...

Dear Xerxes,
I can not deny any possibilities, ever apriory. So, yes, that possibility exists and I would
consider them a lot more seriously after EURO clears 1.3261 and then 1.3489 area.

Until than I view any of the patterns you describe, only a in the realm of low probability.

In fact, I think tha EURO rally, according to my bigger patterns should have completed Yesterday.
Another proof may come when UUP is below 24.85 and then below 24.73.
right now 25.35.

In fact any decline of UUP below 25.25 starts to put DOLLAR down scenarios in the realm of possibility.

That could and would make the JUNE/JULY mute point. But that projection I described so far has fit the move, much better and any concoctions of and by anybody so far and it says. EURO should have peaked five/six days before, where the CHF had a local high. In any case, Dollar should have bottomed before 17 April. That is , so far fact, not a prediction any more and as long as that holds I have no reason to change any of my projections.

If we see UUP give up hose numbers up there ( like 1% 2% and 3% declines). I will start to junking that projection made almost 3 months ago and being absolutely correct so far(:-. How many projections of that long lalsted.
I would love to know.

Nothing is forever though, even DiAMONDS, so , I am willing to change my mind with facts at hand.

Let us wait for facts on Monday OPen.

Good Trading Dear XERXES

boris said...

I should correct myself, previouls top in EUROs( EURO/SWISSY) was predicted on 14 APRIl. With I should say pretty astonishing precision , both tops in EUROS came on 14th and 23rd , exactly as predicted.

Now going forward prediction is that we have bottomed on Dollar, but again, I am open minded guy and can change very quickly facing the facts that could destroy the final half of my previous 3-4 month project, which so far, with some imperfection( in strenght) played out perfectly in outline!

Good Trading

xerxes said...

Thank you for your opinion on the buck...UUP looks like it has broken down...The uptrend line has been pierced to the downside...The chart looks like that of USDCHF BTW... As you know, USDCHF has also violated its uptrend line to the downside...This doesn't mean that UUP/franc can't recover.... I don't understand your proprietary work. I have great faith in your assessments; And you always seem to get it right :-) but the breakouts, C&H, possible evening stars, etc., all suggest that the 'usd' doesn't deserve to be capitalized :-)....I hope you're correct and the dollar rises from this abyss, but I'm not a gambler (just a speculator :-))....I will sell dollars Monday (with tight stops because of you :-)...

The buck may not die here and may survive this shellacking to fight again...The S&P has risen from 666 on nothing so I don't see why it couldn't continue to rise on nothing with the buck declining the whole time...

I hope you got it right and I am completely wrong...What I see, everybody sees....You also have the 'red' phone :-)

boris said...

Deaer Xerxes,
I am not trying to get right.

I said often, I know less than anybody in the market. But I know my patterns. When thay work I will go with them. When thay do not I sstay out or look for Short term direction.

That is very simple. I do want to mention though that we got the patters right for too long to invalidate it on facts

NOT YET supporting the case.

When they do I will SEE THE LIGHT, like everybody else.

Remember, I do not speak from knowlege. I am speaking form not knowing. Especially when the prices go against what I expect. That is why lot of people alwyas seem to have answers.

I do not. I often have doubts not answers. But when the inflictions points are created I do intend to go with them.

I mentioned exact conditions of the other side of what you see.
If it does not happen. I can not be wrong, because I will not be invested in it until I find my way of entering in the market.

That is all.

You see this thing has EXACTLY ZERO to do with correc or incorrect view.

That is what I try to teach here.
There is no right or wrong view. There is an expectation and then the reality comes to force everybodies hand. I am waiting for reality. And then , I will only act if I can find point of entry I like

Good Trading

boris said...

Unfortunately, lot of people miss my method.

It is childishly simple.
Exactly.

Just like as a parent one expects child to respond certain way and if it does not happen the new reference points are created for future actions.

Exactly, this is why my aproch is

CHILDISHLY SIMPLE.

I claim to have no answers, but perceptions and tools to act if percetpions come true or not.

Again

This is MY COMPLETELY CHILDISH METHOD.

At the same time, I always eveluate the "OTHER HAND " of not expected. That is what is required to succesfully Trade. Know the "OTHER SIDE" , ALWAYS.

GOod Trading Dear subscribers

Ralph said...

Dear Boris $ Xerxes,

I have not traded in currencies except for the occasional options trade on FXE and FXY. I don't have a futures account at this time. What vehicles do you prefer for trading currencies?

Thank you.

boris said...

Dear Ralph,
THE ETFS for currencies is a reasonable way to get introduced to currencies.

So, FXE, FXS , FXY etc are the good way to play the EURO SWISSY JPY etc.

I prefer to trade ON Interactive Brokers Platform.

I am sure many people will give you many other ooptions.
SUch AS FXCM etc.

I am not interested in too many.

You can play as little as you like and as much as you like.

I hope others will respond with some more options.

GOod Trading

boris said...

Dear John,
Good Luck to you My Dear Friend

Good Trading

Ralph said...

Thank you Boris.

xerxes said...

Dear Boris....When I read your posts I feel that I'm getting a glimpse into the cerebrum of a mature professional whereas my POV seems much more jejune :-)

Thank you for all you've done...

xerxes said...

Dear Ralph....I trade spot mostly...
I'm most comfortable with that...I don't trust the synthetic vehicles...
This distrust may be completely gratuitous but I don't see why I should add any risk, no matter how minute, to the trade...

xerxes said...

Dear Boris....With all the hemagglutinins and neuraminidases blowing in the winds, how will that effect EURUSD or gold for that matter.....Maybe the real reason you've concluded one should be short USDCHF is because the virus can't survive in the crisp, alpine air :-)
And besides, the BIS must have chosen their home for good reason :-)

boris said...

Dear Xerxes, Patterns,
Only they suggest that Dollar should get stronger into June.

In fact, mometum suggests exactly opposite.

So, I must search in my experience, how many times momentum lied to me versus how many times patterns.

It seems to me patterns speak more truth. Not absolute truth, but more of it.

So, I am thinking that One way or the other, even if temporarily Momentum prevails, the pattern will eventually.

Of course, but Mid June I will have nothing lefter in the patterns that suggest stronger Dollar. So we will see. Meanwhile all I can do quantify, where the Momentum can overwhelm my patterns, even if shortly and I gave those numbers.

slight decline of 1% In Dollar will already alert me that Momentum maybe taking over.

So, I would like to see what realiy brings. And act, or not act, accordingly.

Best thing I have ever learned in the market is


"WHEN IN DOUBT STAY OUT"

I do lot of that laterly do not I?

Good Trading Dear Xerxes

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