Sunday, July 18, 2010

Euro Meltup 7-13-10 & 7-15-10



Friday, July 16, 2010

Euro Meltup 7-16-10

Overnight Review

I will post about my previous HORRIBLE trades this week tomorrow. For now I just want to focus on this very trendy Euro action. 

7-18-10 Update: 

Wednesday, July 7, 2010

Euro 7-7-10

Yesterday's >20K volume spike in 10y treasury bond was the topping signal for ES_F:

Happened today too, so expected topping to happen soon in Euro:

Another day another stop loss gunned down for me... I was so close to nailing this one but not close enough.

Thursday, July 1, 2010

Massive Euro/Gold Liquidations 7-1-10

Haven't touched this market till yesterday since my last post. Got stopped out on a badly executed fill after having price go in the direction I expected prior to this trade, which gave me the confidence to make the trade.

Saw big buying cluster (now green, used to be red), then expected price to stay above VWAP but it didn't, got stopped out with -5 tick damage.


Gold vs. Euro correlation: What correlation?!

Gold's long term uptrend hit the breaks on this liquidation day... tanked over 3%

While euro had a no dip Thursday... up over 2.4%
Also notable on the tape today were big orders at capitulative volume spikes (over 90), either long or short

Euro bumped into 50DMA resistance...

...and made its first significant dip of the day before ramping into 1.25s

Also notice the big sell print in spot Euro on the retest of that 50DMA, these kind of prints happened last week too, so far the most consistent swing buy signal in Euro since I started tracking it: