The note's caught people of guard when the bullish pattern failed. Inflation? That dirty word will bring the notes and bonds to their knees and it's happening. We will short all bounces.
Crude broke out from a 7 week consolidation. We like pullbacks to the trigger zone. NO TRIGGER, NO TRADE!
We didn't get the pullback within our time frame so we passed on the trade. Yes, it would have worked out but the closer we get to a RED news event the more you are gambling. We prefer the higher probability trades. We think the EURO needs a rest down here before making her next move. We will wait till for a better setup.
She's broken. If we can get a pullback to the trigger zone tomorrow we will look for a trigger to get short. If we can't get the trigger by end of trading day (in the US) Wednesday then we will stand aside until the US Unemployment number on Friday.
We were stopped fairly quick today. This is typically...stops usually happen quickly. Now we must be patient with Goldie...she is still deciding if there is more upside. We will watch how price reacts to 1250 - 1254 area. If she breaks to the downside we will let it go for one day before looking for entries. Keep her on your watch list.
We are long Goldie again just above yesterdays highs. We have a VERY SMALL position and will add another tier on a clean break. This has a chance to visit to the 200 day MA on the weekly chart at around 1295. It also could chop around until a central banker open his ,mouth. HONOR YOUR STOPS!
Crude is developing a fairly big range. A close above the 36.25 area and we could see a move up to 38.50. If this level doesn't hold then $44.00 is on the radar screen. Below 28.50 opens the door to the 24.00-25.00 area. Be patient with Crude.
The EURO has entered back into the breakout range. This is not good news for the EURO bulls. We are seeking short triggers on any bounces back into the old break area. NO TRIGGER, NO TRADE!
The Notes, like Goldie, are consolidating and ripe to break this week. We rolled to the June contract Friday and we are looking for a leas one more day of consolidation. We want to wait for a break of our levels before getting involved.
We were stopped out of our gold position Friday. Goldie is still consolidating...we expect her to break this range this week. We still like the upside and will keep an eye on any opportunity to re-establish a position to the upside.
More upside for Goldie. We added to our position on the break. At test of the recent highs would be nice. Manage your trade and understand Goldie can reverse quickly.
Bulls Must Hold support to have any chance at a further run. We are on the sidelines waiting for price to give us a clue. This week should be volatile week.
The more the EURO hangs around our trigger zone without a trigger firing we become skeptical about the trade. For now we will ignore the old trigger zone and wait for price to develop a better trade. PATIENCE IS KEY!
Goldie Triggered a trade for us last week. We are in with a SMALL position. We like the consolidation that is occurring. If we break to the upside WITH VOLUME we will add (small) to our current position.
Crude blew through our trigger zone and never gave us a chance to enter. For now we are on the side lines. At this point crude is in the middle of the chop. We are consolidation so we will keep a close eye on this. BE AWARE: It could chop around for a while.
Crude got away from us on the break and didn't get the entry. It as a nice move! However, we are seeing a pullback. We will be looking for a trigger to get short. This will be with a VERY SMALL position. Any lows can be short lived and crude could be forming a bottom.
still waiting for a pullback trigger to get long the Euro. We are expecting the Euro to pullback into the FOMC announcement this week. If we don't get the trigger by Tuesday then we will wait until AFTER the FOMC announcement.
Goldie doesn't like handles...We like the long side but will need to wait for a consolidation or pullback. Keep a close eye on this chart.