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copi88 commented Nov 15, 2017Same as last week. Build on CL but a draw on Gasoline. CL goes down then it goes back up. However draw was not nearly as big as the time before hence muted reaction so far.
EIA: US commercial crude oil inventories increased by 2.2 mln barrels
- copi88 commented Nov 8, 2017
When there is a build on CL but a draw on gasoline what will happen is that there will be an initial sell off on CL and then it will go bid. There are other factors involved here concerning USD balancing and short term interest rates however I am ...
EIA: US commercial crude oil inventories increased by 2.2 mln barrels
- copi88 commented Nov 8, 2017
You missed Gasoline had a big draw...
EIA: US commercial crude oil inventories increased by 2.2 mln barrels
- copi88 replied Sep 7, 2017
A couple of things: Compass are an Introducing Broker, there is a difference. The more successful you are the longer you can remain a client. It is in their interest for you to be educated. When Ray talks about indicators based on price he is ...
Institutional Equivalent Education?
- copi88 replied Sep 7, 2017
You can identify them on candle charts
Institutional Equivalent Education?
- copi88 replied Sep 6, 2017
This type of value trading is called statistical arbitrage. You use models to value an instrument and then when price deviates from its value you have a stats arbitrage opportunity. image Here is an example from today. Two trades I did on GU. The ...
Institutional Equivalent Education?
- copi88 replied Aug 30, 2017
The USD is strongly correlated to risk sentiment. In a Risk On market USD will go up and visa versa. Yesterday the market shifted from Risk Off to Risk On around 10am LDN time. Market also went into a steepener which usually coincides with Risk On ...
vsa with Malcolm
- copi88 replied Aug 29, 2017
Market is in RISK OFF due to the NK missile test. Doing as expected. Short USD, Equities and Long Gold, Bonds.
EURUSD
- copi88 replied Aug 28, 2017
welcome to the world of chocolate ashtrays
Institutional Equivalent Education?
- copi88 replied Jul 31, 2017
GC is not a great market to use for correlations with the equity markets due to the dual nature of GC where its a measure of risk in the market but its also a commodity. In a Demand / Supply environment GC and Equities can be both bid / offered ...
vsa with Malcolm
- copi88 commented Jul 28, 2017
No it would depreciate. Interest rates are positively correlated to the currency. So with a miss in CPI and stagnant wage growth the expectation would be that the CB will keep the interest rates lower for longer or drop short term interest rates (ie ...
Here’s why the GDP report could have a ‘massive effect’ on markets
- copi88 commented Jul 28, 2017
For currencies the more important number is the Advanced Price Index which looks towards inflation. Inflation is what drives Central Banks thoughts on interest rates. Interest rates are the main factor that drives the currency prices
Here’s why the GDP report could have a ‘massive effect’ on markets
- copi88 replied Jul 25, 2017
There are volume aggregators in the market (Reuters is one of them) where the majority of brokers get their data from so its a good representation of the market. So its not necessarily true that the volume you see on your platform is just your ...
Dragon Riders GBP/JPY
- copi88 replied Jul 21, 2017
The markets are definitely not random. Would institutions invest Trillions of dollars in them if it was just a random crap shoot? The problem is that retail traders have little to no idea how they work. They have very little understanding as to why ...
Trend Trading
- copi88 replied Jul 19, 2017
Could see that the move down was just a withdrawel of liquidity, no real selling as indicated by the deltas (see the sloping purple line). There was stopping volume into 146.06 and took my profit on the low vol tap on the next bar. See Selling vol ...
Dragon Riders GBP/JPY
- copi88 replied Jul 19, 2017
Nice long. Value came off hard at the Franki open. Hope you took some profits. I am short at 32. image
Dragon Riders GBP/JPY
- copi88 replied Jul 18, 2017
Situhin Ok UJ has hit the 50% retracement as expected. Will have to monitor it now to see if it can build value below that level or not. If it does and rejects the 50 the next macro level will be 110.20 -30
Dragon Riders GBP/JPY
- copi88 replied Jul 18, 2017
There is already a GJ thread where people post - url Best to have just one thread for it....
GBPJPY
- copi88 replied Jul 17, 2017
Value is collapsing. Careful with any longs... image
Dragon Riders GBP/JPY
- copi88 replied Jul 16, 2017
I talked about this subject on the other GJ thread. As GJ is priced by using GU and UJ it all depends where the volume of trade is coming into which pair (ie which pair is driving the market) As the UJ market is roughly twice the size of the GU ...
Dragon Riders GBP/JPY