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.
Looks good to short here
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
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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