Comments on: Once again Asia gives few clear clues to FX market https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/ The Professional Source Wed, 06 Mar 2013 17:25:38 +0000 hourly 1 By: Papillon https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17090 Wed, 06 Mar 2013 17:25:38 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17090 In reply to Sean Lee.

> It was a good exercise to spend my time today 😉 . Focus on tomorrow with ECB meeting and then I hope the fog will be cleared.

]]> By: Sean Lee https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17074 Wed, 06 Mar 2013 07:22:35 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17074 Yeah, I’d wait n see if 15070 is tested and holds, then you can put really tight stop below 15050 IMHO. Gotta get lucky but worth watching I think

]]> By: Sean Lee https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17073 Wed, 06 Mar 2013 07:20:58 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17073 Good points Chngster, makes a lot of sense. Unfortunately we still gotta pay attention to this rubbish in case something starts to move

]]> By: Papillon https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17072 Wed, 06 Mar 2013 07:12:52 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17072 Good evening Sean,

You have mentioned a trade idea in your Asian market open post, a contrarian trade for GBP/USD, just for a morning training, where would you have set your S/L ? The more logical would be under 1.5035 ?

http://img713.imageshack.us/img713/1828/gbpusdw.jpg

]]> By: Chngster https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17071 Wed, 06 Mar 2013 07:01:10 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17071 Hey Sean…yeah agree its a bit of a mixed bag at the moment.

I was running a layered short E/U position yesterday, it ran for about 40 pips so I went to bed…woke up said WTF & cut it around breakeven.

My reading of the market is that this week so far, what seems like good bearish technicals have lacked a clear trigger on the fundamentals picture to bring the next wave down…i suspect everyone is keeping the powder dry ahead of event risk? Plus the big move down throughout the whole of last month as well, who wants to keep adding shorts at this level?

Overnight developments like equities hitting a new high, Feds still banging on that old QE drum, didn’t do much to inspire confidence to maintain my position, ultimately these 2 factors was why I decided to cut it. I’m still bearish for now, but little incentive to commit prior to Thurs and NFP…

Thoughts?

]]> By: Sean Lee https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17069 Wed, 06 Mar 2013 05:50:19 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17069 Good to know, prob stays like this until after CBs then

]]> By: zenfxtrader https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17068 Wed, 06 Mar 2013 05:33:51 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17068 No, you haven’t gone blind, I too cannot see any clear direction in this market. I guess we’ll have to wait for Thursday’s ECB and Friday’s NFP for some clear signals. It’s probably best to stay out of this market until then.

]]> By: Danny https://fxww.com/once-again-asia-gives-few-clear-clues-to-fx-market/#comment-17066 Wed, 06 Mar 2013 05:16:46 +0000 http://fxww.dreamhosters.com/?p=6076#comment-17066 today has been really quiet

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