Dollar Bears/Gold Bulls Hands UP
OK, we see you. GO back to what you have been doing(:-. Yes, Energy Bulls As well!
Having that said, Those who bought GOLD/SILVER puts, please collect as the rebound may develop any time. Not to new highs ( highly unlikely for this moment). Purchases are not recommended at all, except with totally worthless out of the money Call Options.
Dollar may also look for a bit of a rest from big gains past week.
Ok, should we join the Brutish EURO! with Brutish Pound? Please watch out rebound in Feb is shaping up, though(monitor GROUPTATION link, Yes, my morning starts there too)
04:00 ET, As the above was written, expectation were developing exactly as stated. Gold and Currencies started the rebound. Hallelujah!
07:14 ET, Now , you know by now, that however smart I maybe, I do not really know where the tops and bottoms are right? So, do what I do, get a stick, close the EYES and look for the sopts to enter and exit. Feeling I have we are at or near bottom, but it does not count. Your trading - DOES.
7 comments:
Except for the yen ! Now appears that the carry trade is over ?
Boris,
Good morning, up early to watch the show.
old john
Morning Dave,John
Good Trading
Boris,
Thanks for the advice. Closed some EUR and CHF trades with nice profits last night. You short term thoughts on YEN direction?
Thank you!
Jason
Dear Jason,
We should both ask Dave.
He has a nice trade going. 3 or 2 shorts left on YEN ( forgot, did not sleep well(:-).
Yes, it remains the same. I think we have put in the top in YEN last Yesterday...
If I turn out wrong, just point me rith here(:- . Ok, how confident I am in this?
better than 65%, Place and time to enter was yesterday. Do not rush. Choose your spots very carefully
Good Trading
Dear Boris, short 2 contracts at 0.9491. Stop at 0.9515 which would be a new high (local). We'll see how today goes. I expect the politicians to be in high gear today, hopefully they won't do anything toooo stoooopid, but they'll get blamed for doing nothing as well. Sounds like something in the stoooooopid category. I wish I was not so cynical, it drags me down sometimes.
Good Trading,
Daveo
Dear Dave,
Thanks.
Good Trading
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