I think that was in the cards. There is no squeeze right now on commodity supplies. Prices have recovered, yes, but there is no inflationary pressure. AUD in that environment will not benefit as much as during the initial recovery. The metals should ...

Strat's Long Term Stress Free Trading

I just can't do it above 142....technically yes, fundamentally no. The battle is on!

Strat's Long Term Stress Free Trading

USDCAD failed to take out the S/R at 1.0750....darn it!.....wait...wait....convert that weekly candle chart to a line chart......oohhh!!

Strat's Long Term Stress Free Trading

Hmmm...what currency do USDCAD, USDCHF and USDJPY have in common? Hmmmmm

Strat's Long Term Stress Free Trading

I think it's reasonable to discuss that, and I do agree EURUSD is acting in Elliot fashion. I wholeheartedly agree, though, that Elliot is in the eye of the beholder. If one learns the rules and finds oneself amid a wave 3, then by all means hold on ...

Strat's Long Term Stress Free Trading

LOL - It will be interesting sledding, indeed. I bought the initial break of resistance as Blackeagle and I mentioned the other day, so I do see enough momemntum to break some of those lines for a potential at 1.0875. Strat identified this one a ...

Strat's Long Term Stress Free Trading

The series of charts at week's end re: USDJPY as opposed to EURJPY should prove very interesting. Strat is not a fan of the harami patterns; however, as regards USDJPY, this W/M look could prove quite sustainable into next week, backed by tonight's ...

Strat's Long Term Stress Free Trading

Indeed, I remember your call on that one - tested itself and required some faith. Nice profit in that high pip return market.

Strat's Long Term Stress Free Trading

I like that argument. EURUSD, indeed, is driving the bus this time.....but is it really a valid route? Is the fringe EU situation a real rationale? Hence the need in my mind for confirmation from CHF.

Strat's Long Term Stress Free Trading

UPDATE: On Q, USDCHF seems to be making a statement. Should be an interesting closing chart from the S/R standpoint

Strat's Long Term Stress Free Trading

Now we're talking. This, I think, is an illustration of why larger traders can come into markets that appear precarious and serves as an example of the limited but important role that fundamental views can play. If one is confident in the economic ...

Strat's Long Term Stress Free Trading

It's this line that bothers me. Don't get me wrong, I like the AUD correlation, and I am still looking to buy EUR ahead of 1.36 (there's some Elliot theory for you Strat!), but I will have continued discomfort about this for a while, and no trouble ...

Strat's Long Term Stress Free Trading

Yep, E/J in particular, is acting badly, though 89 on the mothership (as Strat calls it) is looming.... LOL - after the intraday pause, it is a nice time to point out the fundamental rule - before one marries, one should date for all four ...

Strat's Long Term Stress Free Trading

Indeed, I've been looking at that for a couple of days. LOL - I still can't decide. The amount of EUR pressure has me uneasy. USDCHF is not answering me yet!

Strat's Long Term Stress Free Trading

You may be early. I agree overall on the longer term (you knew that already), but as I've said many times, one can be right and broke. At the moment, the shorts are right and rich. Well, kind of rich. We will win that war I think, but one needs an ...

Strat's Long Term Stress Free Trading

Yes, honestly, a 50 percent retracement would be quite supportive given my predisposition, especially early in a trend change, if that's what it is. Perhaps the BOJ will not allow the 2/3's, but even that should prove tradable. In sum though, unless ...

Strat's Long Term Stress Free Trading

Indeed, that's E/J....never changes. No worries...move on.

Strat's Long Term Stress Free Trading

Since someone mentioned the sin of the intraday chart, it appears USDJPY is pounding the last 3 4-hr bars, unable to penetrate the 50 fibo. EURJPY has undergone it's typical overshoot. Readers may be wise to tune in to possible actionable PA in ...

Strat's Long Term Stress Free Trading

I am encouraged somewhat today that the carnage has stopped and found an excuse to rebound to some extent. The USDCHF chart is again the one that has my eye.

Strat's Long Term Stress Free Trading

As to overall fundametal view, it is a nice debate and probably increases the odds of being correct, but if one can say that his/her bias is long because the sky is blue, it serves as a technical focus, and should remain so to serve its purpose. It ...

Strat's Long Term Stress Free Trading