Ivan's Trade Thread, part II

Where do you go to find this no touch option info?

 

AUD/JPY stalling in the 62.30 range. Plotted s/r line at 62.09, so I put a limit buy at 62.11, price may not reach it.

 

Get yourself a news service, my friend.

 

Looks like you'll get that fill.

 

Filled, stop at 61.45. Stop is outside of the 4 hr trendline I have.
Do you think that's enough breathing room?

 

I think so, but the aussie is taking a pounding. You have a good entry point.

Here's what I see...

 

Brilliant! Let's see what doesn't happen.

 

Fundamentally something is fishy.

Equity futures going up, yen going up. Euro looking like it's topping.

Could be NFP, and if so we might see a massive buy the rumor sell the fact act. Overnight the NFP estimate went over a million. A million jobs lost! I suppose it's not inconceivable (Princess Bride, anyone?) but a number like that would - based on past weeks correlation - crush the Euro and Aussie and cause flight to dollars/yen. Yet in the face of this, the Euro rallied significantly overnight, but other currencies did not.

Something is fishy.

 

It's a red herring

 

Hah!

I'd be interested in hearing your thoughts, mate.