i really hope all the boom we saw in the past months are true and we can get away from the recession. however, it seems we are getting to the point that every corner of the world will be affected… this could be a reason i am not happy at all after a huge change in the account…
if still sitting on any long position, this rebound might be the last chance…
it indeed gapped up and fade at the line…
move stop to entry price and will hold the short for a while. a key support at 1150…
Yesterday, i closed all the EUR short position and kept this GBP short. this is my only holding right now. another hundred pips to go at least…
as i mentioned, i will open some short position tomorrow morning. the best case is that it gap up and kiss the line above…
In the last post, I’ve stated very clearly that I will load the short at 1230, however, market turned down directly then on and did not give me the chance to close the small gap… see how it reacts tomorrow, if it’s a consolidation day, I will load up some at Thursday morning. I guess this is it… when i super bear like me are hesitating about any short entry, it should be the time for a u turn.
the only thing worries me is that the uptrend is obviously a three wave structure if stopped here… it need another wave up to finishes the abc-x-abc… anyway, a multi-week downturn is insight…
EUR and GBP shorts are doing great and both rewards me more than 100 pips since last post… take some profits off the table and will add back.
two weeks later, I will add in some currency daily trading signal here everyday around 11pm CA time…
I’ve been away from stock market for for 3 weeks and I know here has been quiet for a while. I do not want to join the long side and it’s not good time to short either, so step away is the only choice for me.
my long term bearish take on stock market remains strong. If you are hunting for a short entry just like whati am doing here, 1230 is the line to try something. 61.8% retracement is the most common scenario in wave2 and I do not think market can get over it in one shot if this is not the destination.
USD has been hanging around for a while and I am ready to changed my hedged position to naked short on EUR and GBP sometime next week.
