Bigger exporters seem to disagree with your statement, I am not sure what you are basing those thoughts on. url This one is great because it shows EURJPY is the real key here "Conceding there is little Sony can do to offset the currency's impact, ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Maybe, maybe not. We can note that not only has intervention failed in the past on almost all occasions by BoJ and other CBs (as BoJ pointed out themselves recently, without a concerted intervention by multiple CBs intervention will fail) - we can ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

The question was, why did we stall? I think 1.5535 holds the answer as the "line in the sand" on this one. Price tried to gain traction at this level during August and failed, those who did the buying bailed out over the last week and now the market ...

GU, GJ and EU Analysis Thread

For reference, the September "U0" for FX contracts expires 13th of this month, just so there is no misunderstanding. But traders will generally try and balance their futures contracts in advance of their monthly statement, or roll it over into the ...

GU, GJ and EU Analysis Thread

Great to see IbKA back, look forward to reading your thoughts. My thoughts are rather mundane and conservative at this point, a break of 1.5720 might provide good longs (replacing a higher long criteria of 1.6), otherwise still mostly short-term ...

GU, GJ and EU Analysis Thread

I am sure going flat is part of the trading model exactly as you said smikester, but that is completely different from unplugging the whole model and redeeming the cash to clients. That is the scary thing. This isn't a matter of being bearish, ...

GU, GJ and EU Analysis Thread

Still sort of watching the GBP daily, remain unconvinced of either a good bear or bull case aside from the "re-aligning with reality" trade (in which case I would rather sell the euro than cable). Because of the below posted by me August 12: 2.5% on ...

GU, GJ and EU Analysis Thread

This was the case in 2008, not the case now. Futures discrepancies can lead to contango or backwardation. Oil was in contango in 2008, most of those trades are getting unwound now not put back on, you can see the spread between the front month and ...

GU, GJ and EU Analysis Thread

We continue with the Ichimoku trades, this time one on EURUSD: image image

GU, GJ and EU Analysis Thread

Euro weakness continues to be a theme across markets. Wish I had taken a short on EUR/CHF rather than EUR/GBP as this weakness seems to be most pronounced there. Fridays action generated a weak bearish TS/KS cross on the EUR/USD and will seek to ...

Ichimoku Kinko Hyo

Doing ok, got an EG short and a short on NZDUSD also. Posted in the Ichimoku thread. I did an EW count of NZDUSD, if we bounce from 0.7015 I could easily see it going to all time new highs :/ So basically we are back to betting on financial collapse ...

GU, GJ and EU Analysis Thread

Just got home from dinner to see this. What a lovely chart, had to post it. Grey is pivot, yellow is R1 and S1.

EUR/GBP - What a great pair to trade!

The pips are sized in GBP, so if your account balance isn't funded in GBP then your pip size will be relative to the GBPXXX rate your account is funded in.

EUR/GBP - What a great pair to trade!

Hi smikester, I already took a short on this pair as you know so I hope you are right, but when I look at the weekly chart and see we have been buying non stop all week without even testing last weeks low I wonder if it will happen today.

EUR/GBP - What a great pair to trade!

Thanks for your thoughts smikester, was my first EURGBP trade in quite some time. If you like the Ichimoku, come back often, as I plan on updating posts there fairly frequently (incl a fresh trade for today). For those watching at home, gauging risk ...

GU, GJ and EU Analysis Thread

Overnight markets moved down strongly in risk averse mode. We look for a good signal to capitalise on the fear and find NZD/USD has made a weak bearish TS/KS cross in the last few days and last night was enough to bring the Chikou span to facing ...

Ichimoku Kinko Hyo

url Thoughts appreciated.

GU, GJ and EU Analysis Thread

Agreed. On the hunt for EUR weakness, three options with valid signal were EUR/CHF EUR/JPY and EUR/GBP. Afraid of Central Bank intervention in the two former, I opted for a short on EUR/GBP at the Chikou span cross closing price. Weekly charts show ...

Ichimoku Kinko Hyo

Hi Stocky, I knew it, finally you would slip and we would discover why you are always in front of all the best bids, seem to offer at the nice prices, come on man, you can tell us, which of these 3 big names you are working for: (from forexlive) ...

GU, GJ and EU Analysis Thread

The trails show prev yield curves, black being current. Here is a snap from March 2009. Look familiar? It should. We are pumping an almost identical curve, today, SPX cash sits at 1080 as I write. The difference being in the trails obviously, back ...

GU, GJ and EU Analysis Thread