13:20GMT Next session will be interesting; in my view GBPUSD,EURJPY must slide a bit and join GBPJPY for the UPtrend. EURUSD is a puzzle - yet to decide on direction..
10:20GMT Happy to see GBPs went down as predicted but EURUSD still holding on with just a small slide.
05:10GMT Finance war : European Union budget chief Janusz Lewandowski was quoted by a newspaper Monday as saying Britain's rebate from the bloc was unwarranted and should be repealed.The rebate, won by former Prime Minister Margaret Thatcher in 1984, amounted to some six billion euros (5 billion pounds) last year and was set to fall to three billion euros this year.
04:50GMT Still amused about NFP? We saw the scenario one that was posted on friday in forecast.
The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, Labor Department figures have shown.Job losses in July were revised down from 131,000 to 54,000, while those in June were revised from 221,000 to 175,000. Government jobs fell by 121,000, largely because of the loss of 114,000 temporary employees who had been taken on to compile the US census, but who finished their work in August. However, analysts welcomed news that the the private sector had created a better-than-expected 67,000 jobs.
02:00GMT Good Morning Friends, US markets are closed - expect wild ride.. At this moment EURUSD,GBPUSD & GBPJPY showing UP trend and EURJPY showing both ways. But overall the later part of the day the GBPUSD & EURUSD pairs are looking DOWN plus EURJPY & GBPJPY slide and then recover. It will be a mixed trend day but I expect its going to be wild..
Monday, 6 September 2010
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My higher longs are getting very small in the rear view mirror.
ReplyDeleter u in shorts "now", for me my longs are still in front view not gone for shorts. I still think any downs in JPYs are LONG opportunities. Especially Japanese PM election this week I guess. There will be some statement from new PM about YEN Strength..I gave away the CLUE ;D
ReplyDeleteNo, I haven't hedged anything. A few longs to average down but most stopped out back at breakeven after showing some profit but never the bottom.
ReplyDeleteHi J, I have noticed in your "twitter" section, you are lowering gbpusd buy target atleast couple of times - what do you expect remainder of the day? Thanks
ReplyDeleteMohi, The "Big" entries may vary 10-30 pips each hour, its showing you the floor/roof. I take average of last 3 hours and book the entry in advance say SELL/BUYLIMIT. It helps when data release is due. Most of the time it hits those. If you want a static entry the follow "Next Session" valid for 8-12 hours.
ReplyDeleteI made 2 entries in GBPUSD from morning Tweets. One is already doing very well and another one just catching the +ve pips from reversal.
ReplyDeleteMorning GBPUSD Tweet entries that was traded
ReplyDeleteFOR NEXT SESSION GBPUSD SHORT above lotsX1 1.5468 Target1: 1.5434 Target2: 1.53999 (+ve pips trade)
FOR NEXT HOUR GBPUSD Big LONG below 1.53783 Target: 1.5459 (made entry)
FOR NEXT HOUR GBPUSD Big LONG below 1.53591 Target: 1.54608 (made entry)
FOR NEXT HOUR GBPUSD Big LONG below 1.53309 Target: 1.54574 ( I made a near entry at 1.5348 & close it for 30 pips)
If you are wondering why I closed the last trade in GBPUSD for 30 pips - I wanted some lots in GBPJPY. I prefer to enter in JPYs tweet entries target.
ReplyDelete