Comments on: Asian market open, Friday September 13th

By: Sean Lee

Sean Lee — Thu, 12 Sep 2013 23:07:07 +0000

Definitely agree with the sentiment Jasper, it’s just tricky getting the right levels in these crosses.

By: JasperD

JasperD — Thu, 12 Sep 2013 22:58:14 +0000

Morning Sean! GBPAUD has pulled back a bit after the big run higher yesterday. Time to buy some for test of recent high around 1.74?

By: Sean Lee

Sean Lee — Thu, 12 Sep 2013 21:46:08 +0000

Looking at crosses like AUD/JPY, I’d favour more downside in s/t for USD/JPY. Large stops below 9860 will prove magnetic in coming days I think so I prefer sell rally now towards 100.10/20 with stops above 10070. Otherwise, patience reqd or else jump in on momentum move and watch closely with tight stops? Usual day-trader stuff

By: Abdullah Hussain

Abdullah Hussain — Thu, 12 Sep 2013 21:43:01 +0000

Morning Sean, As i posted Yesterday I was sure the Nikkei futures would either go to 14700 or 14100 range by today, and although my Heart wanted it to go north, my Head said it would go south so I went Short on usd/jpy and it went down to 99 (YEAH 🙂 ) and the Nikkei reached 14130 approx, since then it has risen, and it looks like sour grape to me again so I think its going to go back to 14100 again today, but Sean do you think the usd/jpy will go lower again today, Whats your range? (Any possibilities of 98.7-6 in the future?)

By: majimaji

majimaji — Thu, 12 Sep 2013 21:32:32 +0000

please cover more on gold and oil in the chat. thanks