Forum
Posts by "jacek"
2735
Posts Total by "jacek":
174 Posts by Anonymous "jacek":
resilient indeed.. but 6040-60 area did not get tested sufficiently in my view..
so maybe just above 6300-20 for now before that test.. after that maybe 6500-50 or even 7000 possible..
fyi
Friday's CFTC data shows that as per April 24, speculative
accounts had a net cable long of +7,536 contracts, versus a net short of
-13,051 contracts last week. Mary Nicola, strategist at BNP Paribas
notes that this is the first net speculative long since August 2011.
"We continue to favor euro-sterling downside," she says.
btw dave came across interesting view.. cat probably couldn't agree more with this..:-)
"As a market moving to Algo Trading and Robo Trading; how EW will work in such situation; EW all about the Trader behaviour on price action and their emotions;;; Are we calling this EW will end soon"