Wrong forecast last week for indices. We broke the wedge to the upside. For next week, we should exit the bearish little wedge touching the downtrend line to the south. But with Bernanke billions everything is still possible.At the contrary, EURUSD forecast was perfect. We think the rising channel is still in play for next week and we stay bullish for long term.
US stocks : We shorted SILVER $SLV successfully. We will do it again. We are swing short on CRUDE $USO $UCO targeting 103 and 100 on the future. We should short $UNG soon. $GMXR broke up nicely (but without us :-( We are also bearish steel stocks like $X.
French stocks : We are long $SIPH, CASINO $CO, and we will buy if lower VALLOUREC, HAVAS, CGG...
Concerning automatic trading, even I am fed up with Ninjatrader new versions bugs, I happily connected it with IB and it seems to work fine. Very interesting for Forex robots on an IB account (cheaper trades) and easier to program than futures limited to intraday trading only...
Don't forget to write your ideas on the new chat on the right. Have a nice trading week.
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