i saw a utube video of gu one time....works manytimes, has to do with the way the banks close across europe. watch the 3am est 1hr bar
go long 5pips above with a stop 10 pips below the low, target 50 pips
go short 5 pips below 3hr bar low
and stop at 10+ high, 50 pip target
nice rules, but play at own risk
I read one time that a market does not go down on decreasing volume. When you think about it, volume goes up when everyone is heading for the door. Here I applied not so much as what i would call an indicator, but information of Volume and money flowing in or out of the instrument. The signal correlates nicely when the divergence is clear. (the onset is more of an indicator, it being tested, not sure what i…Continue
Staring at charts during the weeeeee hours of the morning leads me to come up with some possibilities for the direction of GU. I started to draw some trend lines, that started to look like regression lines.
The initial trend was very narrow range steadily decreasing.
Then some volatility causes a big drop that found strong buyers, also reaching out to make the lowest trend line (keeping them parallel, so one can call it a regression line).
Since then the…Continue
Seems like this pair has hit a support that goes back many years.
Does it bounce for a while?
Does it retrace up from here?
What will it take to break below 1.04?
Catastrophe, War, Rate Change, News Clip, or an Obama Stupid Comment.
What will it take to move this lower?…Continue