New All Time Highs... Agian

StatsEdgeTrading

Bitcoin Breakout

We're seeing a solid breakout in Bitcoin today, a refreshing change from previous false starts. This movement hints at a potential retest of major highs. My strategy focuses on finding a way to engage with this breakout on a shorter timeframe.

Dollar Index Dynamics

The Dollar Index (Dixie) finally showed some movement after a period of stagnation. While it's a modest breakout, it's a sign of potential upward momentum. Interestingly, this hasn't impacted equities as one might expect, a puzzle I'm eager to solve.

Currency Trades

• Euro vs. Pound: I took a bullish position here, betting on a break of a downtrend line.

• Canadian Dollar vs. U.S. Dollar: Another bullish bet, aiming for continuation into key support zones.

Equity Market Overview

The S&P 500 hitting new highs contradicts the typical bear market narrative, with semiconductors leading the charge. However, the Dow's struggle and mixed signals from smaller caps present a complex market picture.

Community Engagement

I value the interaction with our followers on Twitter, where discussions extend beyond the blog, offering deeper insights and perspectives.

Trading Strategies

I focus on identifying failed breaks of support or resistance, a method that suits the current market's temperament. These setups offer clear risk-reward scenarios essential for short-term trading success.

Wrap-Up

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Stay tuned for more updates, and here's to making informed trading decisions!