1 minute with ForexSurvivor

 

 

 

A.        (16October Europe) Latest Impact: Derivative Blow- Out

 

            There is no talk about ‘Derivatives’ yet, and the market is consuming time on Dow Jones like it is the only important factor among the securities traded. It is not actually, and if we do not see a ‘blow-out’ in the derivatives this month, the stabilization in the market is delayed. We are talking of derivatives in $quadrillions and not trillions!!

 

Euro bottom is far from completion, and although 13000 band may gives a rebound, the rally won’t prove sustainable.

 

 

B.        Signal

EURNZD: Long 22020; TP 35pips

Limit Order Valid till 17 October

 

 

C.        Mission Accomplished:

n/a

Position(s) Closed

 

 

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****