Comments on: Cable and EUR/CHF technicals updated

By: Kirill

Kirill — Sun, 03 Feb 2013 17:44:45 +0000

I would be careful on short AUD side. If economy is picking up steam, which recent price action would imply, then we might finally get end of cycle commodities spike. I heard some quite bullish fundamental comments regarding oil towards year end. At this moment I am quite a puzzled puppy with respect to commodities. At one side I hear oil 200, on the other side economy is still quite weak and can not support true shock from oil prices. I know AUD is not oil related, but it still rhymes. I would watch WTI price action around 100, if it breaks triangle to the upside then we can see some fireworks…

By: majimaji

majimaji — Sun, 03 Feb 2013 17:15:32 +0000

I dont think its worth the hustle fighting yen drop, had heard they want to place some kind of a floor on usdyen at 90 sometime back when it was at 85 and they have been repeatedly seen at 87/88 buying dips, i think this time they mean business

By: Sean Lee

Sean Lee — Sun, 03 Feb 2013 06:47:18 +0000

Topside stops in the AUD and AUD crosses I hear. No exact levels yet, will let you know in the morning when I hear.
I got stopped out of EUR/AUD just before it rallied 1000 pips and I’m afraid that AUD/JPY will do something similar to me. Still gotta stick to basic risk-management rules and sometimes the luck is in and sometimes not

By: Nachiket

Nachiket — Sun, 03 Feb 2013 05:23:29 +0000

Sean,

can you tell me the stoploss orders for aud/usd. one more thing it is good that you got stopped out on your aud/jpy shorts with minimum loss of 50 pips. I don’t know how many lots you trade with but you are not the only one who has got stopped out. Pros lose less than retailers lose and I have myself lost a lot in this past 4 months.