Posted by chartboy on 24th of Sep 2020 at 07:42 am
Before making any decisions on volume, make sure you know what
you are looking at. In this case 75% of yesterday’s volume appears
to be a coordinated trade/trades. They were done as blocks of 4
mil, .5 mil and then 4.5 mil.
Trades of that nature are in no way comparable to the spikes
in volume you see everday when thousands of new investors are
entering a thinner, speculative security. In fact, I would dismiss
the value in that type of volume almost completely. First, because
it was likely only one or two buyers and/or one or two sellers.
Second, because the type of institution that would do that trade
likely is not making any kind of speculative bet solely on the
value of the dollar. Instead, it is probably representative of
hedging activity in a portfolio worth billions of
dollars.
Posted by fredsaid on 23rd of Sep 2020 at 05:41 pm
Agree it looks that way. In line with my comment from last
night, early this morning. I'm short EUR long USD and short
GLD. Trying to find the right level to exit this trade.
I did take an initial entry long GLD Jun 2021 today.
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Look at this volume in
Posted by timebandit on 23rd of Sep 2020 at 03:13 pm
Look at this volume in UUP. Wow!
Before making any decisions on
Posted by chartboy on 24th of Sep 2020 at 07:42 am
Before making any decisions on volume, make sure you know what you are looking at. In this case 75% of yesterday’s volume appears to be a coordinated trade/trades. They were done as blocks of 4 mil, .5 mil and then 4.5 mil.
Trades of that nature are in no way comparable to the spikes in volume you see everday when thousands of new investors are entering a thinner, speculative security. In fact, I would dismiss the value in that type of volume almost completely. First, because it was likely only one or two buyers and/or one or two sellers. Second, because the type of institution that would do that trade likely is not making any kind of speculative bet solely on the value of the dollar. Instead, it is probably representative of hedging activity in a portfolio worth billions of dollars.
thanks for your thoughts on
Posted by matt on 24th of Sep 2020 at 09:14 am
thanks for your thoughts on that
exactly the chart of the
Posted by matt on 23rd of Sep 2020 at 03:16 pm
exactly the chart of the dollar screamed bullish before this move, it was clearly putting in a bottom
The FXE short is looking
Posted by timebandit on 23rd of Sep 2020 at 04:06 pm
The FXE short is looking like it could be a swing trade.
Agree it looks that way.
Posted by fredsaid on 23rd of Sep 2020 at 05:41 pm
Agree it looks that way. In line with my comment from last night, early this morning. I'm short EUR long USD and short GLD. Trying to find the right level to exit this trade. I did take an initial entry long GLD Jun 2021 today.