Monthly Thread: December, 03

Discussion in 'Forex' started by rezo_s, Dec 1, 2003.

  1. rezo_s

    rezo_s

    Forgot to mention: if euro order (2) is executed before the order on USDCHF, then cancel the swissy order. If swissy is executed first, keep euro order pending.
     
    #21     Dec 8, 2003
  2. rezo_s

    rezo_s

    change the second order price on EUR/USD from 1.2205 to 1.2230. In forder break on 60 mins to be more certian.
     
    #22     Dec 8, 2003
  3. Hello Rezo,

    It seems that there are not much interest on the FX section. I kinda feel lonely out here.

    Reminds me to another place where lots of people talk about FX.

    Anyway, this week seems to be still a gloomy one for USD.
    After closing the week near the top of last week's range, any dips towards 1.2000 (at the max) should be a good opportunity to long euro/usd.

    How about AUD/USD? What do you think? My last week's objective is nearly hit (0.74). I don't think it could hold that strong.

    And USD/JPY is already at the edge of a cliff. A slight knock could ignite a chain reaction (stop loss triggerings) and will drag the pair to at least 107.00. Unless BoJ come to the rescue and save the day, I think we will see 105.00 soon. And I mean it's about time for this pair to move.

    Glad to know that you're pretty sucessful in November. Hope you will fare well too this December.

    Good luck, good trade.

    :)
     
    #23     Dec 8, 2003
  4. rezo_s

    rezo_s

    Hold the Euro order on break of 1.2230; remove the order on USDCHF.
     
    #24     Dec 8, 2003
  5. rezo_s

    rezo_s

    Hi Andre,

    Aussie: no doubt very bullish; but I just prefer the 4 majors when I have them to trade. Aussie is bullish.Not much to add. 75 maybe? maybe even more.

    USDJPY - I think we are seeing BoJ. I think they are buying little by little not to give it to slide. I heard Japanees banks to be buyers of the USD even on friday. I am looking at USDJPY as a very good sale to be. Maybe in the coming days. Maybe even today-tomorrow. As you know, I am not posting all my analysis and trades on forums anymore; so yes, USDJPY is seen by me as a possible sell for 1.05 - 1.06. If the USD weakening continiues, and that is what still seems to be on cards, I think phsycological 100 level will be seen next year.
    But even though it is a good sell, it is for me on the last place of preferance among the majors due to intervention threat. I prefer trading USDCHF > EURUSD > GBPUSD > USDJPY. that is the picture as for now.

    Good Trading to you too,

    Rezo
     
    #25     Dec 8, 2003
  6. rezo_s

    rezo_s

    Long EURUSD order @1.2230 was executed;

    use 50 pip stop, move it to entry level after +30 pips;

    initial target is at 1.2350; maybe even held for eventually test of 1.25, depending on how it goes.

    Good Luck!
     
    #26     Dec 8, 2003
  7. rezo_s

    rezo_s

    Covered the position at 1.2228 (-2 pips),

    the break didnt cause acceleration of the move.
    Will be reentering later.
     
    #27     Dec 8, 2003
  8. rezo_s

    rezo_s

    Hi all,

    well, sentiment and trend are pretty obvious. I suggest buying euro now at 1.2240 with stop at 1.2215 and initial target seen at 1.2420. Good risk reward trade once again.

    Good Luck
     
    #28     Dec 9, 2003
  9. rezo_s

    rezo_s

    was stopped at 1.2215;

    will be reentering if not today - maybe later this week. I think 1.24 - and 1.25 still have good chance to be seen in the near future. Sentiment is strong enough.

    See you later,
     
    #29     Dec 9, 2003
  10. rezo_s

    rezo_s

    Good Morning Everyone,

    Well, we are witnessing a very nice retracement now (euro
    around 1.2180); I think today may be a good day to short US
    dollars. Maybe little later. We are in channel on euro (see
    previous posts), so I think its better to enter closer to lower
    border. Now its somewhere around 1.2100/30 area (the border);
    with stop at 1.2045.

    Target is 1.2420 followed by 1.25. I dont suggest entering with
    orders. We still dont know where this correction may be heading.
    I will make a post once/if I enter.


    Have a good trading!
     
    #30     Dec 10, 2003