hiya,
can someone tell me, is this a consolidation?
figures are 4H in 3 zooms.
thnx
yeah, is a period of consolidation after an uptrend
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Unless the FED raises rates. We feel they will, and it is also our observation the raise is not baked in. There is massive uncertainty, which causes psychological uncertainty. This coupled with low volume, and many of the largest traders on their last Vacays, there will be a lot of ugly volatility. No one really trusts the fed at this point, because now they are signalling maybe a raise, or not hahahahahaha. Just connect the dots, and make an educated guess. To me that means stay out. 
The Ever Still On Vacay VIPER
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I think at this point 70% of traders expect it to go down. The COT shows there are 23K Lots on the long side standing there. If these fat cats (bankers mother f***kers) don’t pull out from the short side then ‘there will be blood’ towards 1.22 - 1.25
I guess everybody is more or less in full hedge at this point 
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