Jump to content

Miss Whiplash!


Mercury

Recommended Posts

Anyone else feeling whiplash on USD FX and precious metals?  This isn't just about Draghi doling out the usual diet of sh1te but is characteristic of a complex wave 4.  At least the prevailing direction on USD is leaning towards up (and therefore down on all the relevant FX crosses) but Gold and Silver are something else.  Until these complex waves resolve trading is very risky.  Perhaps this Draghi pop and reversal on EUR and GBP is the final bull exhaustion and we can get on with the Wave 5 down to the bottom of these markets...  On Gold, who knows...

Link to comment

EURUSD was a marvellous example of the whiplash this morning.  I shorted yesterday and was moving my stop down behind the price.  So when it took off like a rocket it stopped me out with a small 35pt profit.  But wow it then reversed and droppped like a stone.  

Whiplash alright.

Like you I'm believing the USD will get stronger against most/all currencies so will re-enter EURUSD at some point with a fall to 109nn my target.  

C

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      20,018
    • Total Posts
      88,016
    • Total Members
      69,013
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Amyy
    Joined 28/09/22 02:42
  • Posts

    • Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. Elliott Wave  US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Makret News: Options activity hints U.S. stock market has not reached bottom- Barclays Stock Market Summary: Elliott Wave Count: Wave (ii) or (iv) depending on the stock. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The market is still trending lower in the medium term. Continue on the short side of the market and short the corrective rally today. We are holding wide stops through wave fours and will exit at Wave 5 of (1) Video Chapters 00:00 NASDAQ 100 03:59 Apple (AAPL) 08:08 NVIDIA (NVDA) 10:31 Amazon (AMZN) 15:18 Meta Platforms (META) 17:22 Netflix (NFLX)  22:09 Enphase (ENPH) 24:26 Tesla (TSLA) 30:27 Alphabet (GOOGL)  32:02 Microsoft (MSFT) 34:10 Berkshire Hathaway (BRK.B) 37:27 Block Inc. (SQ)  39:05 Banks JPM, GS 51:01 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • The market debut of German sports car maker Porsche is looking like it will be at the top end of expectations. IGTV’s Jeremy Naylor explains how will impact on Volkswagen. vow    
    • What markets to trade on Wednesday: USD/JPY, AUD/USD, Dax & BOO With economic data key on Wednesday IGTV’s Jeremy Naylor looks at how it would affect the Yen, the Aussie and the Dax. On the corporate agenda Boohoo (BOO) delivers H1 earnings.          
×
×
  • Create New...