Comments on: Asian market open

By: Sean Lee

Sean Lee — Fri, 23 Nov 2012 06:48:40 +0000

There are certain to be stops above barrier at 12900 but there are also sell orders reported 12910 ish. I’d be patient, wait until a s/l rally runs and then try and enter when rally seems exhaustive. I’d guess 12925ish perhaps but best see how mkt develops first imho

By: Papillon

Papillon — Fri, 23 Nov 2012 06:25:24 +0000

Morning Sean,
Asia session has been holding EUR/USD, EUR/GBP (above daily MA200). It seem that its pairs become optimist until to the EZ meeting on monday. I guess, it’s not the right to short at this level.

By: Sean Lee

Sean Lee — Fri, 23 Nov 2012 00:08:40 +0000

Love your thinking Rahul, that’s how a true trader operates.

By: Rahul

Rahul — Fri, 23 Nov 2012 00:05:36 +0000

at this age a 20 minute break is more than refreshing :D..iv taken a short on usd/jpy at 82.48 with an extremely tight s/l at 82.65 (61.8 % retracement of the fall from yesterdays high..works well for me)..
im hoping to renter parial longs in the low 82’s and if im really lucky in the mid 81’s.
I know trading counter trend to especially sharp moves is anathema but im ready to sacrifise a small part of my profits to make a quick buck.

By: Sean Lee

Sean Lee — Thu, 22 Nov 2012 23:36:20 +0000

Clever move Rahul I think. Not sure what happens for next few days so enjoy a long w/e counting your profits 🙂 and come back refreshed next week.

By: Rahul

Rahul — Thu, 22 Nov 2012 22:33:30 +0000

Hi sean, odds seem high that there could be a significant pullback (profit taking) on the yen crosses? ..i exited my longs( on the pairs) yesterday not wanting to be caught in these illiquid markets hoping to re enter next week.How do you think it will pan out?
thanx