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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (45)10/24/2000 9:53:07 AM
From: Chip McVickar  Read Replies (2) | Respond to of 12410
 
Morning Pat,

<I do not look at RS on the currencies, does that work for you? >

I've been using the 5 period RSI and looking for divergences in the highs and lows of the movements against whatever chart bars I'm watching. To early to tell if it will be useful on the currencies and bonds.

It anticipates.
Look at the 15min chart US0Z and at the span over the 23rd.
The RSI has bottoms below 50 and while the chart bars are climbing higher. This usually anticipates a move.

Again look at the double top at the close of 23rd and the drop in the RSI. It foresees a drop.

I'm still long the us0z from 93'03...no signal to get out...!

<CD0z daily chart has a divergence in the 5 period RSI, that looks to resolve lower. This strength today might resolve at .6650 >

The CD0z daily has a divergence with the RSI-5 over Oct 2-16th anticipating a rise to the congestion around .6650 at which point I was looking for a decline. It came pretty close to what I thought...! Today's another question if a short from there would work.



To: Patrick Slevin who wrote (45)10/24/2000 10:48:42 AM
From: Chip McVickar  Read Replies (1) | Respond to of 12410
 
>>SF Contract size? You mean Open Interest, value per point, what? <<

This is what I have for Info
SF contract:
Contract Specifications:
SF, CME Trading Unit: 125,000 Swiss Francs
Tick Size: .01¢/SF = $12.50
Contract Months: Mar, Jun, Sep, Dec (H-M-U-Z)
Trading Hours: 8:20 A.M. - 3:00 P.M. Eastern Time
Globex: 3:30 P.M. - 8:05 A.M. EST Mon-Thrs;
6:30 P.M. - 8:05 A.M. EST Sun + Hol.
Trading closes at 10:16 a.m. EST on last trading day
cme.com

I can't seem to find out when the last day of trading is for this contract?

>>fellow gave me a psychological test geared for traders and called to discuss the results. Evidently my prime strength is my Intuition.

Intuitively, I knew that.<<

I've found looking at any indicators will only tell you just so much...! After that it's and educated and Intuitive Guess...., and becomes something closer to an art.

How'd you like the test..?