Which way will it break? GDP? Where is the next trade?
I'm looking at the Yen this morning.....
Started by
jjc
, May 31 2007 07:02 AM
5 replies to this topic
#2
jjc
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Posted 31 May 2007 - 07:18 AM
Which way will it break? GDP? Where is the next trade?
1/4 short ES: 1536.25
Will add on positive response to GDP.
Target: 1527.50;
Stop: Break out (up) on JYM07;
#3
relax
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Posted 31 May 2007 - 07:20 AM
everybody is expecting a weak figure so it's an interesting one
at the moment seems like people are believing the hype that the economy will get better in Q2-Q4
yields should drop on the GDP data and tomorrow should hopefully drop a bit more
at the moment seems like people are believing the hype that the economy will get better in Q2-Q4
yields should drop on the GDP data and tomorrow should hopefully drop a bit more
Which way will it break? GDP? Where is the next trade?
#4
jjc
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Posted 31 May 2007 - 07:46 AM
Which way will it break? GDP? Where is the next trade?
1/4 short ES: 1536.25
Will add on positive response to GDP.
Target: 1527.50;
Stop: Break out (up) on JYM07;
"Highly unchanged" as my favorite CNBC reporter/ex-trader would say. Important that JY is steady;
I believe the chief is correct: the SPX will eventually breakout on squeeze and JY will break down.
We should get a shake down to build some fuel though.
#5
jjc
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Posted 31 May 2007 - 08:14 AM
Which way will it break? GDP? Where is the next trade?
1/4 short ES: 1536.25
Will add on positive response to GDP.
Target: 1527.50;
Stop: Break out (up) on JYM07;
"Highly unchanged" as my favorite CNBC reporter/ex-trader would say. Important that JY is steady;
I believe the chief is correct: the SPX will eventually breakout on squeeze and JY will break down.
We should get a shake down to build some fuel though.
I should add here a break out of JY will allow me to ride part of my short position past the target.
#6
jjc
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- Traders-Talk User
- 2,886 posts
Member
Posted 31 May 2007 - 09:41 AM
Which way will it break? GDP? Where is the next trade?
1/4 short ES: 1536.25
Will add on positive response to GDP.
Target: 1527.50;
Stop: Break out (up) on JYM07;
"Highly unchanged" as my favorite CNBC reporter/ex-trader would say. Important that JY is steady;
I believe the chief is correct: the SPX will eventually breakout on squeeze and JY will break down.
We should get a shake down to build some fuel though.
I should add here a break out of JY will allow me to ride part of my short position past the target.
stopped out 1535.5 JY- and OIL started to trend up.
