Comments on: Hope you’re making sense of all this whip-saw trading

By: SFellner

SFellner — Wed, 10 Jul 2013 23:09:07 +0000

I took profit on my EUR/USD and EUR/JPY shorts last night and I can see that was the right thing to do ahead of all this excitement. And we even have the BOJ meeting on top of all this?
By the way the EU worked out just as I thought, the triangle break was false and we are heading for the upper trendline again, so 1.20 could still come 🙂

I’m flat and happy for that, a long weekend sounds like an idea!

By: leo

leo — Wed, 10 Jul 2013 22:42:29 +0000

everytime i hear “analysts” saying EU to revisit 1.2, i go long, it works 🙂

By: Sean Lee

Sean Lee — Wed, 10 Jul 2013 22:39:38 +0000

Hi Tom, I will lighten up if we get there but only in hope of reloading on dips. I think we will see 9650 in coming weeks and Gold will be back close to 1400 (in my very biased opinion 🙂 )

By: Tom

Tom — Wed, 10 Jul 2013 22:28:30 +0000

Hi Sean, there is a 38.2% fib resistance for gold at around 1270 and if it breaks I believe that will boost all commodity currencies. Interested to know whether you are still suggesting sell AUDUSD at 0.9325?

By: slo87

slo87 — Wed, 10 Jul 2013 22:24:59 +0000

twilight zone, usd/jpy getting crushed stops tripping.

By: Sean Lee

Sean Lee — Wed, 10 Jul 2013 22:22:55 +0000

USD/JPY also worth a look James? Might re-visit levels below 95 in coming days? Agree that EUR/AUD shuld fall again sometime soon but 137/144 likely range there for extended period

By: James

James — Wed, 10 Jul 2013 22:18:39 +0000

Great advice to cover EUDAUD short at 1.39 Thank you again! The other half is limping along – its loss covered by AUDUSD longs and gold.

Extraordinary volatility overnight augurs poorly for risk trades as you say. Expect EUR to weaken eventually once the dust settles. So will re establish EUDAUD short around here.