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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (18952)	4/5/2017 10:29:06 AM
From: The Ox	Read Replies (1) \| Respond to of 33421

Thanks for sharing the process, JP! I am slightly curious as to why you'd start the short here, while the trend is still showing up in the Peso? During this latest move that started at the beginning of the year, there have been a number of periods where the peso paused for a few days (small back fills at the most) before returning to the trend up. I agree that upward slope is starting to show signs of rolling but only minimal signs and still solidly within the upward channel from the past 3 months. Not second guessing your approach, since your trade has obvious and clear stops to guide you going forward. Just wondering if you didn't "jump the gun" a bit?

To: John Pitera who wrote (18952)	4/5/2017 10:47:25 AM
From: John Pitera	Respond to of 33421

and it was too soon to be shorting the Peso.... which has been in a very very strong bull mode since early Jan Message 31057792 always a good rule to follow is stay with the primary trend until it is demonstrably broken, which it has not been with the Peso... The SPX, NDX are another good example of the bull trend not being broken and we are up nicely todayl the bond yields are not going up very much at all on today's rally. The bonds are out of step with the move in stocks....... don't know why. This is my suspicion why: If the meeting between Trump and XI does not go well regarding North Korea ..... we could / will be seeing decisive action in the next few weeks. both Tillerson and General Mattis have said so in fairly blunt term.. John