The Traderszone Network

Failure on break below trend line is what buyers are thinking…
The EURUSD fell below trend line support earlier today and there was a scoot lower as a result.  That is what you would expect on a break.  

The biotech releases earnings, but the focus is on the American Society of Hematology meeting in November.

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Trading is was easy. Sleep in. Don’t fight The Fed. Grab some lunch with friends. Then execute the following two trades…

For those used to the ubiquitous 330ET Ramp, there is some nuance that  – if you were willing to make 2 trades, not just 1 each day – could have doubled your profits in the last 7 years.

• At 1530ET “Buy Stocks” and cover at 15145ET.
• At 1545ET “Short Stocks” and cover at the close.

Simple, and all that while taking no overnight exposure at all…

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AT&T’s partnership with Intel could bolster both companies’ presence in the Internet of Things.

Via EvergreenGavekal.com, 

“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.”

– Charles De Gaulle, Leader of the French resistance during WWII and 18th President of France

SUMMARY

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USD/JPY riding a 7-year winning streak in March
In the longer-term, March is one of the top months for USD/JPY longs but in the past few years it’s been sensational. The pair has risen for 7 years in a row.