DislikedGot a cold, hence a bit late on this weekly intentions, though I managed to post the way I am adding to the UsdJpy long position above. So week 42. Nothing new in terms of risk analysis and the view I exposed here about the €uro is gently unfolding vs Chf but without me vs Usd. The Yen too is going according to the expectations. I have to mention, how difficult it is for a swing trader who missed a starting leg to reenter and usually it’s when attempting to catch up with the move that a good discipline come in handy.
[b]EurUsd pending...Ignored
This week 43 can bring some nice opportunities in terms of positioning. Wednesday we have some heavy news on the €uro and the Dollar, from central banks (Draghi, FOMC) and macro Data (German IFO / PMIs). We can assist to some participants looking to position themselves and probably bringing the price to nice levels we can buy/sell.
EurUsd pending long below 1.30, if it goes below 1.2950 I would probably add to the position to get an average price lower . If it doesn’t go below 1.30 I would miss it again and probably try something above 1.30 since I really want to be long before the Spanish bailout announcement. The incentives are the same as last week posted here.
ES-Z was filled during a sell off momentum at 1437.50 because of an almost forgotten pending long. This happened Friday PM during the sell-off, tricky timing, chart is here. This is no accident , I was looking to buy the ES as said in last week intentions at 1428, I really don’t know why I was pending higher. Nevertheless I am OK with it, though I am not going to add before the end of corporates earnings. After that I will manage the sizing while targeting the uncharted 1500.00 area but will stay cautious (locked) because of the fiscal cliff mess.
UsdJpy core position going as planned see the intraday posts for detailed tactics about managing added orders to the core. The size now is huge, and the risk is paid already.
AUD see week 42 posted here.
Rien ne sert de courir il faut partir à point.