CURRENCIES
We closed our short trade on Euro Dollar with 1 emini contract sold at target in profit and second contract closed in loss at 1.2080. Now the greenback is quite strong and it broker the downward trendline drawing up a classical 1-2-3 Ross Hook. We wait for an occasion to enter the market long: a short congestion, another Hook.
EQUITIES
I understand that this will sound like a planner robbery but during the London's attacks all the stops we had on the market (we were long basically on everything) were hit. On Thrusday I wrote on the Italian website that I had to think about the market, whether the Bull was still alive, but I could not decide anything because on Friday afternoon the buy stop on SPMIB40 was hit (like Russell and SMI) before I could write a short commentary. This is the power, or the black side, of trading systems: they take decisions even if you are not willing to take position. Now I am long and now I have the time to realize that we are abore all resistence we met in the past. The Bull is alive. Long life for the Bull.
BUND
Out.
