- Chart readings for my Risk Off proxies have remained the same this entire time when I have been chopped up with selling breaks. They all suck (ie down).
- Have today re-established the following trades (tried ad nauseum) :=
- 1. sold Copper at 375
- 2. sold EUR/USD at 1.3033
- 3. sold S&P500 at 1363
- Also in the game plan is buying USD/JPY around the 78.30 level to hedge the above Risk Off positions should we get there. [Risk Off = USD/JPY down. But strong JPY is killing Japan. BOJ lurking in the background. Technical support should exist around 78.00].
- [Attached charts = weeklies of the above + planned hedge]
- I will not be deterred by Risk On squeezes. I will overcome. Under the bludgeonings of chance my head is bloody but unbowed.
3 comments:
EURUSD seems to be loosing downward momentum today. Better to short beginning of month > 1.32than enter now ?
Should have, could have, would have. Hindsight talk.
Added to short earlier at 1.2980.
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