Separately, I went long a few days ago and got some PMs with
shock horror since the "Sky was dark". Well timed however. Also,
retail investors are quite heavily short at the moment in the
S&P. It doesn't feel right to me that we go down from here in a
big thump. Maybe that may change over the coming weeks but short
term for the early part of next week, I remain long and have a
trailing stop in place for insurance
Also, I am long USDJPY as technically we have divergence and
there are some extreme long positions in the Yen from the part of
Retail investors. I would be suprised if we dont rally at least
100pips in USDJPY next week
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...thats the right approach. Separately, I
Interesting - Mental Side of Trading
Posted by vimal on 27th of Aug 2010 at 04:28 pm
...thats the right approach.
Separately, I went long a few days ago and got some PMs with shock horror since the "Sky was dark". Well timed however. Also, retail investors are quite heavily short at the moment in the S&P. It doesn't feel right to me that we go down from here in a big thump. Maybe that may change over the coming weeks but short term for the early part of next week, I remain long and have a trailing stop in place for insurance
Also, I am long USDJPY as technically we have divergence and there are some extreme long positions in the Yen from the part of Retail investors. I would be suprised if we dont rally at least 100pips in USDJPY next week