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Steen Jakobsen, chief economist and CIO at Saxo Bank, expects US president-elect Donald Trump to employ near-replica political policies of former president Richard Nixon.
Squawk / 21 June 2016 at 9:08 GMT
Consultant in Derivatives and Commodity Specialist / Manor Derivatives(Consulting) Ltd
United Kingdom
cable now playing out a possible big third wave higher from the lows..........there are 2 very nice A-B-C moves prior to this leg?
21 June
fxtime fxtime
Well yesterday ws certainly the big 3rd wave LOL....I suspect on a EW basis we are in a messy 4th but to be honest EW is an area I don't trade off. However the classic ABC moves are imho more reliable and yeah agree on the over view. Only safe to scalp at present though.
21 June
Neil D Neil D
am thinking that this is the first wave of the next ABC.......so setback then another move to 1.50 or beyond, after having the bigger A and B completed already
21 June
Neil D Neil D
btw am not a fan of EW at all...........too much subjective hindsight with that formula
21 June
fxtime fxtime
1.50 seems a safe level for the easier profits.....after that I suspect things become messy and downside risk becomes omni present with marginal gains only so I will trail the rally to there only. I have however adjusted the stop short order obviously unfilled to 1.4710 spot GTC.
I always trade in a belt and braces style if you see what I mean.
21 June
fxtime fxtime
Incidentally.....there is a correlation on spikes such as yesterday before and after economic events that are rated HIGH for market influence. Looking at yesterdays time frames for highs and lows and duration we should expect the same for Friday....the same peak/low by the open FTSE bell and then drift to the closing hour of the USA and fall ! The correlation is only 0.86 as there are few samples to work from.
21 June
fxtime fxtime
DAX might (contrary to consensus onsite) have a pullback here...lets see how far :-) Scalpers heaven this week LOL
21 June
fxtime fxtime
Just back home and see I was stopped at b/e LOL so utter waste of time that trade :-)
21 June
fxtime fxtime
If the DAX drops back below 9955 I will try and short again fwiw !
I am out the bulk of this afternoon....best of luck with the markets :-)
22 June
fxtime fxtime
Dax order not triggered obviously but will leave GTC
I suspect this is a final rally for SP500 and am looking to short either at the close if we have a strong finish today ( very small stakes) and any pop up tomorrow or Friday.
Euro...I am bearish but flat.
Brexit needs to be out the way before any real trading can be done
23 June
fxtime fxtime
There is no chance that dax order will be filled now looking at todays moves :-(
Obviously covered the sp short for a small loss.
Roll on tomorrow as big rally and I will fade....made on the cable today and eurjpy but nothing else really. Hope you fared better?
23 June
Neil D Neil D
yes indeed, am only in coffee and sugar...........until next week anyway
23 June
fxtime fxtime
Well done you :-)
Good calls.
Reckon its time to shut the screens down now and await tomorrows fun :-)
23 June
Neil D Neil D
Oh I did chuck good money away earlier this week trying to short cable and FTSE, gave up in time not to get hosed!
23 June
fxtime fxtime
LOL thankfully I have been lucky on fx today but now totally flat. Bring on the fun and volatility.

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