Thursday, November 13, 2014

Not much to report

Woke up at 1:30 this morning to start driving.

Here is a quick chart of the robot's current position and account equity.



I wanted to also show you a zoomed out chart, it seems that the overall direction is looking to change and go up. Why do I say this? If you look at the chart, you see a level of resistance (A price ceiling) being continually hit, while the lows of the market are actually rising higher and higher. This type of price action is indicative of upward pressure building and so far, the sellers have been able to keep prices suppressed around the 1.2500 level.

If prices break out, I would look for them to continue to the next area of resistance, which unfortunately the chart does not accurately label and I am not too interested in drawing it on the chart right now.  

Starting to snow in the Chicago area. Been about 23° all night. Have a great day!


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