Intermarket Analysis and Trading
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Falcon EURJPY hits -1 at 99.77 and post a ret gave over 50 pips to 99.27 and went as low as 98.95. The Falcon is still -1 and below.
Falcon EURUSD hits -1 at 1.2505 and stayed well below -1 for over 120 pips from 1.25. Auto trading mode described in the cheat sheet would have given a clean 50 pips to 1.2455 but any other trading strategy would have given over 100 pips in profit.The Falcon has done the job on EURUSD and EURJPY for the day and hopefully will soon enjoy the master confidence in its ability to hunt pips at will.
Please continue to monitor the Gladiator on ES SPX Emini. Increasingly looking like a hurricane approaching. The key statement in Draghi statement that should be noted is “downside risks increase”. This may signal some kind of temporary pause in EURAUD fall as we approach one of the most important levels on the EURAUD charts on days and weekly close: 1.2075 which is the weekly BB lower line.
Rest of charts and analysis later during NY session
Mark
