Short XME

[Pascal]

A few days ago, I published below a short XME idea, stating that it is better to wait for the XME MF to turn below the 0 level before shorting it.

http://www.effectivevolume.com/showthread.php?8149-XME

We can see below that we are about there now. Hence, a short XME trade looks more interesting.
We might have to wait for one or two more days, but let's keep this trade in mind.

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[Pascal]

Looks good to short here

Pascal

28377

[Pascal]

the MF is still weak today after the fake bounce of yesterday.
I would increase the short position on a bounce to resistance if the MF is still negative.


Pascal

28401

[Pascal]

The XME short is not working the way I had expected.
In such conditions, I decided to trim half of the position for a 1% loss and will see how the MF acts later in the day.



Pascal

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