IS THE TOP HERE? - Traders Hideout | futures io social day trading
futures io futures trading


IS THE TOP HERE?
Updated: Views / Replies:1,154 / 3
Created: by tigertrader Attachments:8

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

IS THE TOP HERE?

  #1 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

IS THE TOP HERE?

Has QE2 been fully priced into the market, and was today's price action signaling a top?

Chart 1 - near perfect correlation between the AUD and and the SPY( negative correlation USD/SPY)

Chart 2 - double-top and lower high on the 120 min. in the AUD

Chart 3 - potential 2bar top against BB Band and psychological top in AUD at 1.000 (parity with USD) USD weakness is causing AUD strength, but is causing stress on Australia’s export markets.

Chart 4 - massive divergence between JPY and SPY - sell SPY/ buy YEN = convergence trade

Chart 5 - AUD-JPY Aussie Dollar weakness vs. YEN - The AUD's surge to parity with the USD may be short-lived, as the currency’s slide over the past year against Japan’s yen signals concern exporters will face lower margins.

Attached Thumbnails
IS THE TOP HERE?-c6a72f81a80ce15742a147b45b9cd6ba.png   IS THE TOP HERE?-011aef3b1972198a3806f7169d1e4793.png   IS THE TOP HERE?-cce5c898d4dfdb4da079f604fe0ff5f9.png   IS THE TOP HERE?-496c754f2d9520e9e597081909ea2af4.png   IS THE TOP HERE?-5435a5f3818ab962e51746f63d25552b.png  
Reply With Quote
The following 3 users say Thank You to tigertrader for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,215 since Jun 2009
Thanks: 628 given, 6,313 received
Forum Reputation: Legendary


looking left there were many times red bars broke thru up trend lines but eventually market made u turns and continues its climb, all I see is it is in a range before moving up again, jmho.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to cory for this post:
 
  #4 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary

I am not sure about it.

Chart 1: EURUSD has reached an intermediary target, it should pause. Some European countries are in trouble as well.

Chart 2: AUDUSD is at parity. I think that this will cause a hefty correction.

Chart 3: I have marked all days with a low sentiment reading (ISEE < 90). The low sentiment never appears to be neutral, either it is bearish (what it is supposed to be) or it acts as a oversold indication (at bottoms). During the last six weeks there were three low sentiment readings. Each of the first two ones has resulted in a second correction, so I would not be astonished, if we see a 5% correction with a target of 1123 / 1124. The MACD below however shows a lot of strength, so we might then have a retest of the high later in the year with ES close to 1200.

Attached Thumbnails
IS THE TOP HERE?-qe1.jpg   IS THE TOP HERE?-qe2.jpg   IS THE TOP HERE?-qe3.jpg  

Last edited by Fat Tails; October 21st, 2010 at 08:17 PM.
Reply With Quote
The following 5 users say Thank You to Fat Tails for this post:

Reply



futures io > > > IS THE TOP HERE?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MT4 Always On-Top Popup question Overview MetaQuotes MetaTrader MQL Programming 4 March 5th, 2013 03:11 AM
Gold - I'm calling the top cpi65 Commodities Futures Trading 65 February 19th, 2012 05:32 AM
TOP 3 REASONS I APPRECIATE THIS FORUM tigertrader Off-Topic 9 November 1st, 2010 06:57 PM
Top Contributor of the Month gio5959 The Elite Circle 2 October 11th, 2009 03:50 PM
New Posts at the Top Todd Feedback and Announcements 2 June 13th, 2009 04:27 PM


All times are GMT -4. The time now is 08:30 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.22 seconds with 20 queries on phoenix via your IP 54.90.207.75