In this video, part 2 of the day's NY trading, NAS and Gold were triggered. Should be one or the other but for demonstration purposes, both were taken. Thankfully both are at breakeven. However, it's not been the kind of day that we would have hoped for. Really choppy out there as has been the entire week - horrible conditions despite catching some good high-quality setups and positive outcomes.
Anyway, we have had all of the catalysts that were on offer today with the UMich December US prelim consumer sentiment 66.4 vs 65.0 expected that should have been immediately positive for the US dollar, Instead, there was a barroom brawl that came of it before the final break out in the US Dollar for fresh highs on the day. This triggered the NAS and Gold shorts.
Tareggted daily ATRs on both. However, we are now in the corrective territory and will not be surprised if breakeven stops are triggered, considering the current conditions of the market - horribly choppy!!
Anyway, we have had all of the catalysts that were on offer today with the UMich December US prelim consumer sentiment 66.4 vs 65.0 expected that should have been immediately positive for the US dollar, Instead, there was a barroom brawl that came of it before the final break out in the US Dollar for fresh highs on the day. This triggered the NAS and Gold shorts.
Tareggted daily ATRs on both. However, we are now in the corrective territory and will not be surprised if breakeven stops are triggered, considering the current conditions of the market - horribly choppy!!
Note
Note
Note
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Follow me at FXStreet: fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸 @TradeTheORB, Like and Subscribe.
Follow me at FXStreet: fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸 @TradeTheORB, Like and Subscribe.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.