…lso fairly bearish following a long uptrend. As I had previously exited my BUXL short at a slight loss before the huge spike up on Tuesday, I will be looking to go short again sometime perhaps Friday after Non-Farm Payrolls (NFP) releases at 830am EST. Click here to view a longer term continuous chart of the BUXL‘s front month contract. As the markets are going to be fairly rangebound leading up to NFP, I will likely not add to existing positions…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
Buxl (Eurex GBX Sep14) has been added to today’s watchlist, as the German bond complex (particularly the Buxl, Schatz and Bobl) is beginning to show signs of topping after a strong extended rally. Arabica Coffee (ICE KC Sep14) experienced a bit more profit taking yesterday after a strong Friday. Expect a little more downside pressure as suggested by the weekly chart, after which KC should become a higher probability long. The VIX (CFE VX Aug/Sep1…
BUXL (Eurex GBX Continuous Front Month) Weekly GBX resumed its downtrend yesterday on the December14 contract, while the continous front month chart seen below shows yesterday as an up day. Irrespective of which chart is used, the weekly RSI and Stochastics continuing their fall below their warning lines at 70 and 80 respectively. The weekly MACD signal line is also turning lower, with the weekly MACD histogram making its second straight lower re…
BUXL (Eurex GBX Sep14) Weekly The GBX fell quicker yesterday than I expected, and should increasingly attract shorts now that its weekly RSI and Stochastics are rolling over towards their warning lines at 70 and 80 respectively. The weekly MACD signal line can also be seen as flattening soon, with the weekly MACD histogram now falling for the first time following its multi-month rally. Realizing that the weekly MACD is a rather lagging indicator,…
…it becomes an interesting short. I’ll be looking to short 100 CFD shares. Buxl (Eurex GBX Sep14)’s upside yesterday brings it to a more tradable top. Yesterday, I entered 2 lots shorts of GBX given the short-term bottoming indicators seen on the EUR/USD. GBX and the EUR/USD are fairly inversely correlated due to the fact that higher Eurozone yields boost the EUR/USD while pressuring the GBX. As GBX and any other bond future typically only trades…
…9.55 151.85 2.30 862.50 -3032.50 146.25 -3.30 -1237.50 -81.87 Feb 20, 2017 BUXL (Eurex GBX Mar17) – Long 161.38 (Jun17 quotes as Mar17 no longer available) 161.22 -0.16 -160*1.0545=-168.72 -3201.22 162.84 1.62 1620*1.0590=1715.58 1633.71 Feb 21, 2017 Arabica Coffee (ICE KC May17) – Long 150.35 149.20 -1.15 -431.25 -3632.47 140.70 -9.65 -3618.75 -1985.04 Feb 22, 2017 GBPUSD – Long 1.24595 1.25498 90 pips 900 -2732.47 1.22853 -174 -1740 -3725.04 Feb…
