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haha you never know man. I sold out of my q's 5 min ago. Good trading today!
:D
Cheers mate
thanks for posting. So the only prob i see with my bull case, is a lot of traders are crowded in USD long. If that fails the yen will spike higher causing eqd to tank.
So bulls here should hope for a dollar rally least temporarily and bears should hope jpy spikes higher.
But the dollar tech should be bullish if there is a rate increase thus working out a santa rally.
well remember what i was talking about the other day? Long run wise yeah high usd bad. but in the recent history yen goes down makes markets go up. so there is no divergence with usd/stocks yet.
im going to take a look at those. I like there little further out. im going to see if this todays gap fills looks like its drifting lower.
right. temporary pop could happen if the dollar rallies post fomc causing yen to tank.If that is the case markets will shoot up.
right. temporary pop could happen if the dollar rallies post fomc causing yen to tank.If that is the case markets will shoot up.
i cant picture these clowns ruining there santa rally they drop it in newyear like last few years. But your case def resonates with me as well.
If i take this position im not making large position. If she tanks then least that will set a trend i can follow.
i think the drop happen already but i could be wrong. this doesnt have the same nervous feel that other pre fomc had. were OS pointing up on slow stoch on daily.
agree 205.20 ish happens to be 50dma on hourly chart. i would be nimble with calls possible take small position cause if this boat rocks the other way it will fast.
would be a gift to see this price drop a bit here or before meeting to grab a few OTM calls
was thinking of calls myself, hourly chart is bullish. And daily is setup to have a strong bullish move. GLTU
interesting point.
Good day SPYders
I like it. Everyone is long usd if it flops it will in a hurry your puts will be solid. GL
With all the majors OS on daily there maybe a trip back to oversold on 60min post meeting then daily chart will be back in play for rally. Just a thought as far as TA goes. That goes with risk theory of fall back after first bounce, i agree with.
premium also dropped significantly post meeting on the last can kick. And the market sold off on the news. Prb better to wait although i do like having some skin in the game its a coin toss.
We should all just showup at a random penny board..
details pls:D
dirk diggler in the house.
FB & GOOG not to sure about these individuals as far as how to play them against the fomc.
I think im on the sidelines until Thursday morning cause the first reaction to the FED meeting might not be the one to solidify direction.
HA you and me both now. That show is too much thx for the headsup. Ive been out on my own for a full year! Miss my days on the trading fl in ny and all the goofyness/crazy ppl, that was my source of info on pop culture. Now i rely on boards like this to keep me in the loop.
Yeah watching the IWM it may get squeezed here the next day or two but ill take a shot on PUTS if it runs to 114+
"take the money and run" ~bubbles
agreed this rally is good money maker, banked calls on Q's. IWM is a easy target for PUTS imo its following the same path as the other majors with gap fill but tech it could collapse any day minute hour. needed to step away from SPY and talk to bubbles for advise. :P
lets get it
Just looking at the monthly, wowza bb is super tight like you say. I just see down but it could exhaust itself with a huge candle before it dies.
right. would be gift to retest the lows, This candle can spur a short covering.
pivot candle on daily as is. long bottom wick off support.
target just shifted to lower 199.20 ish using non demark pivots on daily.
right on, fwiw think the overshoot is very possible today. yen is still in rally mode so bulls wont be helped by the institutions (bots) but i think a strong selloff eod would be followed up by huge premarket tomorrow were we can unload imo.
calls on a 200 overshoot hopefully, 199.60-90ish
Gotcha, charts you posted are nicely setup, i have similar config on yearly, simple but very effective.
This is excellent thanks
One thing i noticed that is different in the older charts the upper wicks pierce the top bb before correction. Our current chart has no upper bb pierce. Although there is a ema crossover wish i could see that spike in price on the upper bolli
i traded already. taking the rest of the day off. Im happy to end my week very green.
enjoy weekend boys n girls.
long term investment standpoint bearish.
momo wise bullish. meaning i dont think gains will hold but reactions will continue to be mind blowing like oct.
in the long run i agree with you strong usd will be bearish bc of fundamentals on companies bottom lines will be hurt. But in the meantime its the liquid oil for algos.
i noticed now the yen selling off so this might setup a strong bounce.
u bet
Next week when the world is ending look for calls for sure. cause the increase interest rates will cause USD surge crushing all currencies. Making the market react opposite of what everyone is expecting imo.
haha thx, ive just observed on red days like todays open most likely the bounces are half ass (bots off) if the yen is green in the afternoon. If there is a strong selloff in the morning and i notice yen futures starting to weaken a afternoon post euro close will be a stronger bounce (bots on)
http://www.reuters.com/article/us-global-markets-idUSKBN0TU01V20151211?feedType=RSS&feedName=businessNews#iigQrcciQt5IF0PO.97
Looks like china central bank just stepped away from fixing the rate higher, so naturally there is selling pressure on the yaun fx traders do the dirty work for them now.