Sails Up

Short EUR/$

Good CCI divergence on the charts.  The economic calendar shows good numbers on the GBP.  I expect a DXY pullback.  However the economic calendar lists pirate activity this week so will keep my position size 33% of normal with a wide stop.

Update:  position open, currently below the 1.185 stop-loss

Short EUR/NOK

Daily high-test and double top off the 50 ema.  I expect the GBP and USD to apply downward pressure on the Euro.  NOK is a commodity currency.  Position sizing will be halved due to correlation with EUR/$ short.

Update:  position open, currently below the 9.366 stop-loss

Update:  took a minor short on AUD/JPY at 87.3;  closed position early at +15% of required margin due to change in retail positioning.

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Underway

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Thank you for visiting my web log.  Although this blog is centered around alternative investments, foreign currency exchange & risk managment,  you will not see graphs nor price charts scattered about.  You will not see any news summaries, news articles or other such rehashed fear & confusion.  I have spent an immense amount of time, energy and sleepless nights (i.e. life) studying charts, analyzing price movement, spotting trends, memorizing formulas, determining correlations and pouring over grueling finance books.  What for? For why? Well, to decipher the code, navigate the matrix and predict the future, of course.

That is passed.

This blog reflects process.  And right now, the process is refined, the models are in place and the Mind is set.  God is in the Winds.  And when the Winds gust, the simple truth is that either your sails are up or your sails are down.  Make preparations before the storm.  Here, I will tell you when I hoist the Mainsail, why I lower it, or if I’m just reducing sail to prevent taking on too much risk.

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Good sailors know the ocean is unforgiving, relentless and beautiful; they always signal other ships when a storm is coming and when the coast is clear, so that is what I will do for you  …there is enough of God’s blue ocean for everyone to enjoy.

 

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