Scenario - next week

Discussion in 'Professional Trading' started by Temujin, Feb 5, 2011.

  1. Temujin


    Dear all,

    Admittedly, I was wrong on last week's call.

    First, the Dow continued its steadfast advance and closed at a new high while crude eased off.

    I did well on Euro USD, USDCHF, AUDGBP, AUDEUR, USDCAD and USDJPY.

    For the coming week, it still looks very much like :

    1) Dow will continue its advance

    2) HK China stocks - look out 2823 HK and 2233 HK and ICBC Bank. I am looking for a rally.

    3) On the FX front:
    - EURGBP looks interesting below 84.00
    - in my analysis, EURUSD and GBPUSD has peaked
    - buy AUDEUR, AUDGBP and AUDCHF on dips

    This year, I am adopting a strategy of "watching trend, lock in range profits"

    Good luck, Temujin..::))