Hey Folk
This is going to be a short one due to my travel schedule.
Past few weeks I am talking about the possible rise in
the stock market. Here we are!!! I long the stock market on different price for quick
trade. Net profit so far.
I had shorted EurUsd and AudUsd.
AudUsd I only
make a scratch. As of now there is not a ideal COT setup for AudUsd yet, but let
see this week.
EurUsd has good COT setup for a
sell last week. On Thursday( yesterday ) EurUsd had already down 200 plus pips from the open,
so let it rest before the next entry
Next there are COT setup for Gold to short. Let wait for the price to be ready for the entry.
Oil too
have a setup on the COT ( not a ideal one), let the price be ready for a short entry and let see the COT for this week. Last week I said that oil may have a big rebound, it still true. That maybe explain why the price are not ready for selling and the COT to sell is not ideal.
Trend
is still down on the weekly in the stock market despite the market spike up. It is a uptrend on the daily already. No clear indication yet. It is more of a trading
environment lately. May the trend be clearer.
**Pls note COT is not a timing indicator. It just tell us the next big trend. Seeing extreme sell in COT by the Big Boys this week do not mean that price will collapse immediately. Sometimes it take months for the price to realize and when the price realized, usually they will stay entrenched in that direction for sometimes.
Stay the same in your funds.
cheer
