OK, so everything is going to look a little “fugly” for a while. Last week I upgraded my tech with new MacBook Pro 15″, Windows 8.1 operating system, TradeStation 9.5 – and it didn’t go smoothly. I’m still working out the different screen resolution settings and not back to trading yet.
In the meantime, here’s a little run through on what I’m seeing on my Global Macro charts. The rally in the British Pound has continued nicely and all the other currencies have followed suit – Euro, Aussie, Loonie. Plus Crude Oil, Gold and Silver have also joined in.
I can see this counter-trend move in the US Dollar going a little further. We haven’t created any “pain” yet. People aren’t questioning their long term positions yet – like Short Euro. I’m waiting for cyclical crosses on the weekly charts before this whole move is over.
Good luck with your Emini trading this week.