Trading Signals:
TMV stopped out with loss. The system will try to long bond tomorrow. Set TMF buy stop at $62.80, stop loss around $54.05.
DGP stopped out flat.
The system will try to short dollar tomorrow. Set UDN buy stop at $28.35, stop loss around $27.48.
Short dollar, be careful
Great British Pound / USD aka “The Cable”, backtest and then down
These perfect backtests are the strongest signals for me. Yet they
often occur during a time when a “contrarian” would otherwise expect and
opposite move–I mean after being this oversold, and put call is very high again…you would think that a relief rally would ensue.
My charts say otherwise.
So for this you can’t just be Opposite George, you have to outthink your Opposite George.
And go short Cable, although between the US close and Europe open, the
markets are just a little lost sheep, being chased to and fro by the
barking wolves in the nearby woods.
http://oahutrading.blogspot.com/2011/11/great-british-pound-usd-aka-cable.html
Didn’t you see it was just a buy stop?