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Posts by "montmorency"
678 Posts Total by "montmorency":
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Posts by Anonymous "montmorency":
Today's bar is looking pretty bearish to me, and on that basis, next week should also be down, with perhaps a bit of a bounce first. However, we have the US holiday on Monday to distort the market.
For what it's worth this week's weekly bar is a bearish pin bar (almost) although it is not ideally placed (it should be at the end of an upswing, whereas it's on the end of a consolidation. Still I will be looking for shorting opportunities next week.
This is not any kind of recommendation.
Trade safe; stops and money management always.
I made a few pips shorting EUR/USD, a few more pips shorting cable. Profitable positions now closed for weekend. One small one slightly under water in Euro, and others in cable (but they have enough "air" to breathe and I can wait for them....). Will look to open up a short position in cable at market re-open if there looks to be a good bounce. Should have made more pips today really, but bad timing.
Now long in EUR/GBP from 0.8838. hm... BTW, that guy I referred to from the other forum looks to have got all of his short move and a little bit more if he wanted it (target was 0.8830).
(long EUR/GBP is cheaper to hold over the weekend than short EUR/USD at least :-) ).
Got burned early this morning on AUD/JPY. Ouch, especially as it was probably avoidable. Still, we lose and learn. I'm guessing that the drop was driven by the drop in gold?
So did I.
Unfortunately, the market does not ask our opinion on this matter.
Fortunately, it's now only about 200 pips too high! :-)
Seems to be finding support around there, at least for the time being, but the tide seems to have turned somewhat
Fear of inflation (real or imagined danger); Fed not wanting to appear too doveish. By then there will be other hikes around the world.
...see you tomorrow morning (maybe) .....glug.
ECB, maybe ....?
Who else is a candidate...?
Still, we make our own beds...
(long) later anyway...c'est la vie. Scientific trader I am not. Not very, anyway).
But as I said before, I've been wanting to go long AUD. Seems the right thing to do...
(Don't trade like this at home, kids...).