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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (89513)2/3/2017 8:32:54 PM
From: flrtrader1 Recommendation

Recommended By
John Carson

  Read Replies (2) | Respond to of 218554
 
Very nice trade GZ,

And timely exit in my opinion... I took a long dollar at the close, short gold looking for 1190 min gold, 101.50 area dollar. I have several reliable signals pointing to a sizable decline next week equities and will enter a short IWM near the open Monday. Will be looking for 2240 area then a (B) bounce then a decline to 2209

Good trades my friends

One for the road...

stockcharts.com



To: GROUND ZERO™ who wrote (89513)2/6/2017 2:50:46 AM
From: John Pitera2 Recommendations

Recommended By
GROUND ZERO™
mary-ally-smith

  Read Replies (2) | Respond to of 218554
 
HI GZ,

I need to see the $USD stay below the upper blue Horizontal line for at least 3 days this week and preferably see next weeks close below 100.60 before I become more intermediate term bearish on the USD.



The daily and weekly EUR/USD, USD/JPY and GBP/USD.... none of the 3 of them look that bullish to me.
the USD/JPY is the interbank way of quoting.... let me say that the JPY futures on a daily basis do not look that bullish to me.

The reference currency is the one on the left and so the EUR and GBP are the reference currencies they move up and down vs. the USD...

with the $/Yen the $ moves up and down against the Yen.

we are still in a world of competitive currency devaluations..... and where will currency assets gravitate when the next global destabilizer shows up....... the answer is very likely the USD.... Especially with our higher interest rates.

but we shall let he market do the talking. I'm running lean and letting the market do it's talking...

John