A mayan friend and I have throwing things around “forex wise”, and have come up with some pretty interesting stuff. Aside from a number of pretty straight forward “lunar” and “solar” alignments ( which “is” part of an actual “study” in human behavior as it’s seen in financial markets) we’ve come to the conclusion that “Thursdays” are the best days to enter the market.
Can you believe it? No kidding – I was equally stunned (as in the past – I had actually considered making this a part of my actual trade plan), as “Chac” has it figured as well – Thursday is the day.
Looking at this week ( not to mention countless weeks in the past ) here we are again. The JPY pairs have ranged flat as pancakes since exactly “last Thursday”, and USD has continued its “pathetic grind” higher yup – you guessed it…..right into Thursday.
If I had not placed a single entry ( all be it very small – as you all know I enter with several smaller orders over time ) I’d be in no worse shape at all ( short of the 3% I’ve more or less scalped these past 3 days) in that today ( and likely even better tomorrow) has the majority of forex pairs at more or less the same (or even better) levels of entry.
If you’ve got the patience for it, and the discipline….Thursday is the day. Cuz you don’t mess with the math – when it comes to the Maya.
I’ve popped in and out a couple times in the past 3 days for 3% – but have continued to re enter immediately as I still look for USD to roll over here. The long JPY’s vs EUR as well CAD are flat…and I’m eyeing USD/JPY short here too.
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Nighty night USD!
Right on cue – thank you so much for listening!
Yup! I entered a USDJPY short to go w usdcad short. Enjoy the day!
Considerable divergence here as USD “fakes” a lil pop higher.
In my view ( in already being 340 plus pips in profit on the day ) look to short USD on any further strength.
At this point ( as per my tech ) it’s already over due to dump.
So you think this equity rally will not stick? Thanks Kong !
Hell no!
This isn’t a rally – its a technical bounce ( if that ) and its lookin weak at that.
Currencies pave the way David – and Im ready for USD to tank….and am preeeettty certain the correlation of USD down = US equities down is gonna stick
Thanks Kong ! By the way, Yen up = Nikkei down ? or different story ?
Thank you for being patient to ama.
In broad strokes I’d say yes David – how ever one needs to be careful as the “zigs n zags” of each of these individual asset classes dont always line up “exactly”.
In this case ( considering the massive involvment of the BOJ, and in turn the Nikkei/Yen ) the correlation looks pretty solid.
I am positioning “Long JPY” which in general translates into “global risk off” so……I’d be hard pressed to see Japanese stocks “rise” in the face of “global” selling.
I got it. Appreciate.