Finally ES is leaving the descending triangle spell ...
However, consolidation here right above the key S/R 1338 is worrisome ...
ZN is still retreating after the early morning breakout ...
EURO is still under the down trend spell ... it's such a steep trend ...
But we are at a key S/R level ... expecting a rebound soon ...
JPY is working a triangle ... expecting a breakout soon ...
胡同儿串子 发表于 2012-5-10 00:57
I've heard aud/jpy has positive correlation with equity market
Yes, but not sure how it goes recently ...
My point here is not to predict ES moves ... I actually trade 6J the JPY future and 6E the EURO future ...
I pick the stronger one out of ES and 6E for risk-on trade, or out of ZN and 6J for risk-off trade.
开小差 发表于 2012-5-10 08:21
绿大,如何理解这 risk on or risk off trade?
risk-on trades are those trades of risky assesses, such as stocks and currencies (canadian and australian dollars, now euro as well) related to growth ...
risk-off trades are those trades of conservative assesses, such as us/german bonds, jpy, also swiss frank (in the past).