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.
change the second order price on EUR/USD from 1.2205 to 1.2230. In forder break on 60 mins to be more certian.
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.
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
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!
Covered the position at 1.2228 (-2 pips), the break didnt cause acceleration of the move. Will be reentering later.
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
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,
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!