Comments on: USD/JPY: Longs getting very nervous; safer to sell intraday rallies

By: Pete

Pete — Tue, 22 Jan 2013 12:21:54 +0000

Thanks Sean. Appreciate ur timely and precise advice, mate 🙂

By: Raheem Suleman

Raheem Suleman — Tue, 22 Jan 2013 08:53:14 +0000

Sean, can I please get the email regarding the rumors for NZD? Thanks

By: Sean Lee

Sean Lee — Tue, 22 Jan 2013 06:19:29 +0000

Check your email Pete, some rumours you’re better off knowing about

By: Sean Lee

Sean Lee — Tue, 22 Jan 2013 05:53:04 +0000

Hi Pete, I’ve lost a lot of money trading the NZD so I may not be the right person to ask. I would try and hang in there for a bit. At some stage you may just have to take the hit, and make sure its not a huge one, but when this pair turns it will be at 2.10 very quickly imho. Probably trade a 186/190 s/t range, reducing position near top and re-loading on dips? That’s what I would try.

By: Pete

Pete — Tue, 22 Jan 2013 05:41:46 +0000

Hi Sean, I buy GBP/NZD at 1.900….looking at previous charts, my assumptions was that it cannot go any further down and will move back to at least 1.92. I know u hate NZD and now I can better understand why? It has been continuously falling since I buy at 1.900 and fell by almost 150 pips or more since then. I am really confused what to do ,I.e. either get rid of it straight away or wait.
Plz advise. I will appreciate it mate. Regards, Pete

By: Sean Lee

Sean Lee — Tue, 22 Jan 2013 05:38:57 +0000

Smart play there Serga, good luck

By: SergaNet

SergaNet — Tue, 22 Jan 2013 05:15:18 +0000

I welcome, Sean!
There is DNT 1.35-1.30 in euro, say that its terms big, somewhere till March. Therefore I from yesterday’s purchase took away part of euro and moved Trailing Stop. I consider sale on the way from 1.3440 and on the way by 1.35.
Successes to you Sean!

By: Sean Lee

Sean Lee — Tue, 22 Jan 2013 05:01:57 +0000

I think EUR/USD is range bound for next few weeks maybe even months. I was also long EUR/CHF but got out of 80% at 12485. If EUR/USD ranges 128/135 then most of EUR/CHF gains will come from USD/CHF, and that’s sort of what I’m playing for. Of course I will also buy dips in the cross as well

By: rahul

rahul — Tue, 22 Jan 2013 04:55:18 +0000

can we translate similar logic to the eur/chf.cause i had the same trade on for that pair.would you consider the euro to be stronger than the usd relatively?..

By: Sean Lee

Sean Lee — Tue, 22 Jan 2013 04:45:44 +0000

I am looking to buy it anyway as I think we are seeing a big move out of CHF and I think the USD might benefitmore than the EUR. Any dips caused by USD/JPY are likely to be temporary so that’s what I’m looking for.

By: rahul

rahul — Tue, 22 Jan 2013 04:42:02 +0000

Hi sean,
could you please explain the usd/chf move.why that specific pair?
thank you in advance.