Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:hisah wrote:hisah wrote:NFP risk out of the way. Long USDJPY @95.90. Targets open for now. Looking higher than 97.20 (tokyo's high). Position 1 closed as target gets hit. Position 2 left with stop tightened to 96.00. Still too volatile to be confident about this trade. SL raised to 96.80. Scope remains 100, but will be trailing the stop as we approach it above 99.
Still holding EURGBP short from 0.8595 for weeks now. It's taking too long to break down 0.84. I'll close it by end of week if 0.84 still holds.
USD selloff post NFP looks like a fake out. I expect it to recoup the loses by next week. Portugal may be the catalyst. Looking for sizable shorts in their equity market going forward. USDJPY last position closed @99.60. The upthrust has failed to clinch 100 and from here scope is lower. Been a nice ride from 95.90 with a load of pips booked on the 2 positions.
EURGBP was almost retracing all the profit, but has backed away. By tomorrow if it fails to go back below .85, I'll be forced to close the trade.
Silver is working out slowly, but I'm patient. Once 28.30 is broken, things will start moving.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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