Recent content by fertonadvisors

Market Update Hi everybody, finally they made it. They left the yen boat to its own mercy and stopped pushing. They did it quite nice, pushing it to test the big weekly downtrend line back from 1998 to 121.40 ... and they knew they would also catch many people wrong-footed when they would...

I am back Hi everybody! did you miss me? Well I guess not :-))) but anyway it is just great to be back now that (FINALLY!!) the usd/jpy stubborn trades have come to an end. As you might recall, I had the usd/jpy shorts 5 X 117.01, they have been all squared today at 117.05, that makes a...

nov 28, MARKET UPDATE Hi again everyone! the journal forum has been updated with my last trade and the overall portfolio situation, with my best hopes to end the jpy crusade in the near future and return to a more dynamic, well-diversified portfolio anytime soon (you can bet on that!!)...

nov 28, 2005 TRADING UPDATE hi everyone, back after 5 days of rest, really enjoyed them and feel ready to tackle this the last part of this 2005. Quick update on my trades executed today: 1. Sold Cad/Jpy out of a sell lilmit order @ 102.50. ==> That leaves the situation: 2x Cad/jpy SOLD...

Nov 21 MARKET update What can one say of today's session? Some will say that the ECB Governors do not have what it takes to drive the Eurozone economy; others will just say that the market keeps on being manipulated since last Friday; and maybe others will say that today was a great day for...

Nov 20, MARKET Update Well, looks like the so-expected visit to China by US president Bush wasn't a market-shaking factor this time. Instead, the market reacted very aggressively to friday's hawkish comments by ECB president JP Trichet, who reiterated the fact that the ECB is going to hike...

Nov.20 TRADING update Hi everyone, in my effort to increase my effective cost in the usd/jpy-crusade portfolio I did the following: * Sell cad/jpy @ 100.28, stop 102.98, target 93.75. I have 2 bullets left for this pair should I need them at some stage. As for the usd/jpy situation, things...

Nov 15. Market Update Rather manipulated market thus far when it comes to YEN(JPY)trading. From a logical point of view, one may remember the JPY siutation as the one in the euro last year and the previous one, with overextended moves without real base but only the "scared money following the...

Trading Update, Nov 15, 2005 Hi everyone, still enjoying the usd/jpy fight, but in the meantime I managed to sell gbp/jpy yesterday at 206.91, out at +55, and so my effective cost for my usd/jpy trade portfolio is now at 116.71. Once the correction takes place, I will square either flat or I...

to rav700 Hi rav700, your entry level is very good, and in my opinion you could aim for 100+ pips on this trade. Sorry for alte reply, been busy these days. More comments on the fx market a bit later. David

Market Update, Nov.13, 2005 It is widely known that the market only takes economic news into account when they suit the prevailing direction, but tends to easily ignore them when they do not. Another flagrant example was on thursday, when US trade deficit widened to a worrying -$66bln figure...

Trading UPDATE Hi everyone, keeping the usd/jpy shorts @ 116 as my portfolio position at the moment. After all, it is only 1 week left for the so-expected China-US top-level meeting, and so I will stick to the trade for now. Some interesting market moves could follow in the next 2-3 days...

TRADING Update Hi everyone, Short Usd/jpy still the market in my portfolio at the moment with average entry around 116. Anyway, now I have some propsective signals in other markets so I will maybe have more action soon. Tomorrow is another day. Surely a better one. David

Nov 7-8 Market Update A bit of a relief for lots of traders who were calmly waiting for the narrow ranges to break in the 3 european-area currencies against the USD. Good also to see that the market did not play with static and round numbers like good'old 1.1755 (2004 low) and rather hunted...

Nov 6 trading update HI everyone, I opened and closed a short in gbp/jpy on friday @ 207.70 closed at 207 for +70. This is a means to get a better effective price in my usd/jpy portfolio at the moment, which I am still holding at an average price of around 116 at the moment. David