kongzz said:Something to take note guys,
http://www.barchart.com/commodityfutures/US_Dollar_Index_Futures/DX
http://www.barchart.com/commodityfutures/British_Pound_Futures/B6
http://www.barchart.com/commodityfutures/Euro_FX_Futures/E6
GBP and DXY's futures trading at a discount while EUR futures trading at a premium.
could be wiser to look for short on the GBP
DrFeelgood said:Hi Kongzz,
Unless I am missing the point on something the Fiber and Cable are trading at a premium, (Mar 14 compared to Jun 14 prices - backwardisation, while the Dollar Index is trading at a lower price (Mar 14 compared to Jun 14 prices).
Just my 2 cents.
DrFeelgood said:Hi Kongzz,
Unless I am missing the point on something the Fiber and Cable are trading at a premium, (Mar 14 compared to Jun 14 prices - backwardisation, while the Dollar Index is trading at a lower price (Mar 14 compared to Jun 14 prices).
Just my 2 cents.
kongzz said:well... this is interesting, USDX started to trade at a premium today, EUR also at a premium but GBP at a discount.
Also to add, that 37700 level looks wayy too clean. i think a turtle soup setup is in the cards.
On the GU, that 1.67450 looks enticing given the very staggered price action last week.
slugFX said:Hey.. to decipher if something is trading at a premium for example would I look at the column that says "previous" and if the closest month (march) is a lower price than the next month out (june) then it is considered trading at a premium?
InnerCircleTrader said:I want to take a few minutes to give kudos to those of you that put in the time and exercised patience in the release of this tutorial series. I am confident that you have been presented a wonderful foundation to Price Action Analysis.
The next chapter is to implement it on a weekly basis. This will be the goal of the Advanced Price Action Concepts project.
Talk with you all via video this weekend. Keep your eyes on Twitter @ICT_MHuddleston for more information.
GLGT 8)
InnerCircleTrader said:I want to take a few minutes to give kudos to those of you that put in the time and exercised patience in the release of this tutorial series. I am confident that you have been presented a wonderful foundation to Price Action Analysis.
The next chapter is to implement it on a weekly basis. This will be the goal of the Advanced Price Action Concepts project.
Talk with you all via video this weekend. Keep your eyes on Twitter @ICT_MHuddleston for more information.
GLGT 8)