"The number of traders net-long is 8.2% lower than yesterday and 21.3% lower from last week"
I expect the % of Longs to take a double digit hit on a day like today , bringing the % long decrease from last week close to 50%
... bringing net long positions down from it's Feb 75% high, to earlier this week's 52% and will close the week in the 40's to high 30's.
and judging by the 'short ideas' , probably on it's way to somewhere in the 20's by late next week.
That rate of change , combined with the $US going vertical 18 hours before the non farm payroll data ... ahead of a string of weakening numbers ... means only 1 thing.
The banks are setting themselves up for a raid , getting themselves positioned at panic low prices before the manipulated reversal next week.
I use only one indicator, the BFRIUTA indicator ... Banks F___ the Retail Investor in the A__
Be on the side of the banks before 8am tomorrow.
I'm gonna go binge watch You on Netflix and collect the money next week.
I expect the % of Longs to take a double digit hit on a day like today , bringing the % long decrease from last week close to 50%
... bringing net long positions down from it's Feb 75% high, to earlier this week's 52% and will close the week in the 40's to high 30's.
and judging by the 'short ideas' , probably on it's way to somewhere in the 20's by late next week.
That rate of change , combined with the $US going vertical 18 hours before the non farm payroll data ... ahead of a string of weakening numbers ... means only 1 thing.
The banks are setting themselves up for a raid , getting themselves positioned at panic low prices before the manipulated reversal next week.
I use only one indicator, the BFRIUTA indicator ... Banks F___ the Retail Investor in the A__
Be on the side of the banks before 8am tomorrow.
I'm gonna go binge watch You on Netflix and collect the money next week.
Comment:
Long now at 1.11863
Stop Loss at 1.5 ATR or 1.10920
2 lots
1st Lot , Profit at 1.5 ATR , 2nd lot to run freely
Risk 2% standard.
Stop Loss at 1.5 ATR or 1.10920
2 lots
1st Lot , Profit at 1.5 ATR , 2nd lot to run freely
Risk 2% standard.
Comment:
err, 1.10905 stop loss on both 1/2 positions , #mathishard
Comment:
Taking 1/2 position off here at 44 pips.
Moving stop loss on 2nd half to break even 1.11863
... and letting that 2nd half run with plans to eventually set a 1.5 daily ATR trailing stop.
Moving stop loss on 2nd half to break even 1.11863
... and letting that 2nd half run with plans to eventually set a 1.5 daily ATR trailing stop.
Comment:
Moving stop loss on 2nd half of the position up to 1.12870
Has that feel today and yesterday like the run is over for a bit. Still, been a very nice run for the past week
Has that feel today and yesterday like the run is over for a bit. Still, been a very nice run for the past week
From yesterday ....
"As we head into the final 30-40 minutes of trading today, ES finds itself probing key support at 2770 to 2764, which must contain additional weakness to avert downside continuation that projects to 2720/30, and possibly to 2680/90. A sustained breach of 2764 will lock in the entire period from mid-February as a near term top, as well as confirm the completion of the larger upleg from the 1/28/19 low at 2622.25 to the 3/04/19 high at 2819.75... Only a sharp upside reversal that propels ES above 2800 will neutralize this week's negative price action... Last is 2770.50 "
Unless that non farm payroll # is a shocker , the market is indicating much more weakness in the days ahead.
But the USD is pricing in rate hikes with this surge, ... for no reason whatsoever that I can see.
So if the market is indeed the dog in this fight , with all the news focused on the comments about no rate hikes 'til 2020 hurting the EUR, lets not forget that there's a flip side to that coin.
If the USD says "oops, my bad" on the non farm # ... like the market is hinting at , there will at the very least be a buy the dead cat bounce in eurusd in the hours ahead.
And perhaps much much more, if one believes in the corruption of the banks being on the opposite side of the public's short stance.