Lakhan, why are you risking your job at a hedge fund by posting your analysis?
I don't think your managers will be too pleased by giving out your market insight.
:)
Anyone watching EUR/CAD? BEOB yesterday which never got pierced and price has rallied back up to the top of the BEOB.
I'm pretty uneasy as EUR is showing weakness as is CAD.
Any views?
:)
Desi, I think you are fine. As long as you operate with gauranteed stops which I think you do. It just takes time for the system to process your stop.
:)
Well I've blindly shorted EUR/USD and got a sell USD/JPY order at 9180 although this pair seems to have held pretty firm whilst all else seems to have gone haywire for a reason.
:)
Another DBHLC forming on the CAD/JPY with a break below a key level once again. The one from yesterday went on a 120 pips run for a 40 pip SL. 3:1 ratio.
Waiting for the current 4 hourly bar to close below 8597 to act as confirmation. SL would be 8635.
I like this pair as Canadian strength has...
Ok guys onwards and upwards, no point in dwelling on the past otherwise we will revenge trade and cloud our judgement.
On the radar for today, the CAD/JPY short from yesterday is still showing signs of heading lower. We have now breached 8600 with a nice bearish outside bar on the way down...
Dr Blix - do you have your tradestation open watching each tic? I know that's what cost me today. I shorted the CAD/JPY on the DBHLC (4 hourly - 8742) which occured prior to the US sell off. I saw my position move into the blue but then went into the red again. As a result I figured I had called...
Look out for the DBHLC on the CAD/JPY. Need a break down of 8700 as confirmation. Been in a very tight trading range with the 50MA currently acting as support so hoping to see a nice clean break out.
:)
A re-test of 15000 has been rejeted by GBP/JPY. China has also been recommeded to hold additional Yen and Euro reserves. I think the GBP/JPY pair has further downside still.
:)