I’n not an equities trader but since my involvement here at Ibankcoin I’ve taken a much closer look – as I monitor all the same day to day stuff as everyone else.
My forex trading is based in fundamental analysis “coupled” with an extremely accurate and proven short term tech that I have been working on for several years now.
I make trade decisions based in my longer term views, and longer term chart analysis “then” use the laser gun for entries / signals / exits etc on much shorter time frames.
The system “looks forward” based in a number of specific criteria being met at “one point” – and then looks out over an additional time period for yet another set of parameters to be met.
I will consider “short entry” on $SPX at 11:46 a.m Friday morning, and invite all to evaluate / consider if / how / indeed this signal has any merit in the equity space.
Please consider that I’ve been long JPY for nearly 2 full weeks based on similar short term signals.
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short entry as in short term entry to the long side, or going short?
AUD/JPY = wow
Chess – thanks a pile for the “spotlight” ( gees – no pressure there eh?) – as it was only yesterday that I’d been thinking more about something Fly had posted.
True at times this “blogging” really is a large commitment with little ( if any ) gratification so it’s great getting a little “shot in the arm” once in a while.
Now….the trade idea.
Hopefully learning for all in that…..my success in forex places considerable weight on this. It keeps me out of weeks of sideways movement, and is rarely “incorrect” if not the occasion where “price spike” may take out a position – only to see it continue in said direction days later.
If indeed things “fire” – I’d get short “the planet” – at higher levels in SP over the next 48 hrs – 1630 – 40 maybe?
So we will see.
Thanks again
What is your downside target on USD/JPY, S&P,,,? Thanks Kong.
I’m not trading USD/JPY specifically ( as fundamentally I am a buyer ) but am looking at the same level so…..
I would be a happy gorilla around 90 – 93 area….but will look at it seriously if 95 even happens.
An aside.
Fundies are different for USD/JPY as opposed to JPY vs Commods so……..I treat them differently in both my fundamental analysis as well my technical indicators ( as the technical system takes into account very specific price movement “per pair” as opposed to something of a blanket).
I consider both USD as well JPY as safe haven currencies thus….rarely trade them “against one another”. Kapeesh?
Thanks Kong ! How about SPX target ?
Wow…talk about walking out on eggshells – awesome…..let’s do it.
Frankly……this “1600 ish level” would certainly suffice as an area for meaningful bounce/support so excuse the “irony” in my short term tech issuing a sell signal. If one was “contrarian” for a short term trade ( which I am not ) we’ll certainly see things move higher from here.
This is exactly what I want to see….as the majority of times my “sell trigger” allows for an additional period of time ( where price “likely” moves higher…even “considerabley higher”) before turning to “sell entry”.
Even at that – system wise…my “sell order” will be “under whatever level this turns out to be” – allowing for even further confirmation of direction so…….price is free to climb higher, and higher – all the while a “sell” order sitting comfortably underneath.
Lookin out “even longer”….I am of the mindset that this is it ( and I mean “it” ) as far as equities go. Like…..one last push (perhaps even to a “slightly” higher high) and the top – lie… “THE TOP” will be in – period.
I have large scale plans “currency wise” based on the same – and expect that any “easy money” betting on risk – will see it’s end here shortly.
Thanks Kong ! Wait and see.
Interesting idea. The only thing holding back a sure collapse in all overpriced assets is the non stop central bank fuckery. Is your signal working off news flow? The 0 blowing up, youth absolute unemployment or the middle east going full dark ages? Or. Is it strictly technical?
EURO!
Looks like the yen hit resistance. Kind of expecting a pull back now. closed yen longs for now. Ya boyee good money
A short term chfjpy long is on the mind
What is the significance of “11:46 a.m Friday morning”? That is today.
It’s 11:46 and SPX is 1639.80, let’s see about that theory. BTW, good call on long euro and JPY this week.