[B]Mike…[/B] You got me excited on your ‘who’s dominating sentiment’. I already have a vague idea how I’m going to use that for my crosses system - I think it can be a great confirmation tool. But first off we /I/ need COT data for crosses that is going to be the foundation.
I agree with your view on AUD, but you want to play it with great caution. As for GBP I’m not bullish just yet, specs have been going from long to short and vice versa for the last 4 weeks showing indecisiveness. Probably not a wise decision to jump on board even on a breakout.
[B]FE…[/B] I am very keen on your system as well! I’m excited to see how everyone’s working on something. Throw in your ideas guys! we’re already learning a thing or two about futures market by looking at BB analysis so I’m hoping our transition into other markets will come easier. I’m thinking of reading a book on intermarket analysis I am fascinated by how all these are interconnected, if you’ve got spare time I suggest you to do some study on the subject, Peter has proved that it works and
it is logical.
PS: NZD is bouncing off so is his brother AUD just as I had suspected. Risk is back on ? specs have been selling kiwi during NY session last friday so I assumed the selling trend will continue onto asian session. The good news is I only got one small position running so I can keep it for a while and observe before putting a tight SL.
It really is a thinking persons game Peter :45: So I’ve decided to get Gayed’s book ‘Intermarket analysis’ think this should be a good start I will venture into Murphy’s book later. Apparently Gayed’s book is read by many hedgefund/asset managers or the professionals. Had great reviews despite being published in 90s.