I’ll let the images do the talking today…
Market Snapshot
June 27, 2008 by 4 Comments
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Born and raised in New York but now living in New Jersey with a beautiful & loving wife, and two fantastic kids (boy and a girl). This site is about the stock market, success and life … [Read More...]
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Trend Trading
I am a trend trader looking for gains of 25% or more and losses no larger than 10% (preferably smaller when I am smart enough to cut the immediate loss) on trades that will last anywhere from a few weeks to several months or longer. I aim to be prepared to trade in situations when the odds are in my favor by properly employing risk management strategies such as position sizing and expectancy.
a picture is worth 1000 words…
Hi Chris
look at this chart,does it have the making or a good short,or a risky play because because its a comdity play. 102.00 put option are $4.00 That more that I like to spend but I know max I can loose.
http://stockcharts.com/h-sc/ui?s=SLX&p=D&yr=0&mn=4&dy=0&id=p56677943907&listNum=16&a=143988483
The daily chart of EUR/JPY, FXE:FXY, the barometer of the yen carry trade, shows that the yen carry trade is unwinding. The weekly chart of FXE:FXY shows that the yen carry trade has topped out.
Crown Forex writes “As for the Yen being the star in the forex market, risk aversion and investors risk appetite was able to help the yen gain against majors in the markets as investors were unwinding their carry trades taking the USD/JPY pair down to the 106.20s as the dollar continues to lose ground. Against the Euro, the yen gained from a record low at 169.45 to continue dragging the pair down to the current support level at 167.12 while the GBP/JPY is currently at 211.10s”.
Risk aversion will rise significantly as corporate profits turn down; investors who sell stocks will be looking to the financial safehaven of gold.
And a higher yen means a lower US dollar; in as much as gold trades inversely of the dollar; gold will be going up.