$EURGBP - valid medium term target is ~ 0.8


Tracking risk appetite across bipolar asset markets


MONDAY APRIL 1, 2013       13:40:00 GMT


Using some very simple TA metrics the current formation on $EURGBP suggests that if vital support around current levels is broken, the distance down from the top (indicated by the upper limit of the top arrow) when projected down from a violated neckline would bring us down towards (and perhaps just beyond) the 0.8 level.

[Click the graphic to enlarge]

This would be a feasible target during the next three to six months.

Reader review for Systemic Risk and Bipolar Markets


Tracking risk appetite across bipolar asset markets


MONDAY APRIL 1, 2013       10:40:00 GMT


The following review appears here at the Amazon.com website:

5.0 out of 5 stars Really Informative and mesmerising !!! Must Read for all serious traders March 31, 2013 By JHMC Format: Hardcover

The author provides a really great narrative explaining Flash Crash, 2008 crisis, what indicators to look for (e.g The Volume Synchronized Probability of INformed Trading that forecasted the crash 1 hour in advance[...], what to do with tail risk etc. Each chapter is filled with many charts ,quotes and references from the latest research on investing done by universities professors and firms from buy side and sell side.

Given the author is a trader, one could say this book is probably more useful, practical and probably better than 95% of all trading books out there.

I have learned a lot just from reading the chapter on the alternative way or cheapest way to hedge equity using correlated currency instead of expensive tail risk products. e.g 20% of portfolio shorting AUD/JPY. People should check it out in their local bookstore !

Can't believe I am the first person to rate this book! Considering the amount of information, the lucid writing, this book is extremely underrated!!!