HighRev wrote:Amazing. The IMF news came across the wire just minutes after the /es hit its 50% retrace of the move off of its Oct. 4th low to the tick!
Well planed wouldn't you say..This happens quite a bit.
And certainly something to keep a close eye on as a failure at this point would be megabearish IMO.
tdo722 wrote:Dollar can't pass trendline resistance. If it passes that stupid trendline resistance then the stock market is toast. Bond on the other hand is hovering above that trendline hanging out there waiting for the buddy usd.
... who do you think has an imminent interest in not letting the EUR/USD getting out of control?
... but then who buys the USD when the printing press is already running hot ...
Dow Trader wrote:no trade yet but I have a buy stop at 1191.25 and waiting for adjustment
You're talking about spx or /es
ES
So we need a green bar that has a low above 1190.25 correct? I'm confused about this low risk setup. Can you draw up something? Thanks much.
example .. also you can wait for the above the green but both methods will work perfectly, keep in mind that this kind of trade is only good for futures because you have to follow it if you stopped out until you have your target