Japan has made a top extension and we would now advise liquidating half of the long Mar Nikkei futures position. We have a longer term bullish view on Japan and would look to find opportunities to re-buy.
The 15 day mark has been reached in the short CAC trade. No favorable trend has developed and we would advise covering at the end of today’s session. The 15 day mark for the long Nikkei was yesterday. We did…
A formation that we often see is a return to compression where it offers another chance to enter a trade in the original direction of the break. Cocoa compressed on the 16th Jan and broke down to produce a bottom…
The long Mar Sterling trade’s cut-off date can be extended out to 13/02/2015. The short Mar S&P Emini’s stop can be moved closer to 2065. The long Mar Copper trade’s stop can be moved closer to 2.3763.
We have just generated a 60 min intra-day bottom extension in Sugar on this 4th day in the profit-take zone. This means we advise covering half the positions in the short sugar trade. We began this campaign with a…