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Commercial Member
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Joined Sep 2009
|1,006 Posts
June 2, 2010 08:43 ET: IRAN CENTRAL BANK says it has begun the first phase of sales of about 45 billion euros of its reserves for dollars, according to the Iranian state-run Jaam-e-Jam newspaper reported. 15 billion euros will be sold in the first stage of the transactions. But central banks from Brazil, China and Russia have already said they will not be selling out of their euro holdings. EURUSD vulnerable to retesting $1.2130.
Find a job that you love and you dont have to work again in your life.
Appreciate it Mr. Geppy! Thanks for your email and the indicators. One question. What do you guys think about going long on usd/cad at 1.0310. There is a pretty good support there. I am not posting the chart as this is a commercial forum.
Thanks
Trade#3
USDJPY Sell limit at 92; this is a pending order.
SL=93.10
1st TP=90.60 ,2nd TP=89.80
Time Frame of the trade:2-5 days
Reasons:
1-Fib level
2-Support Turned Resistance
3-Weekly R1
Ignored
We are closing the the UJ short trade from 92 at 92.16 , the reason is the PA and the daily candle close
-16 * 2= -32 pips
The Performance of the day one:
1-AUDUSD short from .8375 1st TP at .8305 +70, 2nd stopped at B/E
2-USDJPY short from 92 closed at 92.16 , -16*2= -32
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Commercial Member
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Joined Mar 2009
|1,423 Posts
Hi all,
Trade Signal Number 4:
Sell : AudUSD-0.8525
Stop : AUDUSD-0.8585
Target 1: 0.8500- Take profit if playing bigger lots.
Target 2: 0.8480
Overall target 50 Pips:
Reason for trade:
1. Daily R2
2. Resistance has held between 26th of may to 1st of the month
3. A good First Touch Trade
4. Good Co-relation with the dollar index levels
We are closing the the UJ short trade from 92 at 92.16 , the reason is the PA and the daily candle close
-16 * 2= -32 pips
Ignored
And what could be the reasons for the PA and the daily candle close ?, here are some news about it:
0339 GMT [Dow Jones] USD/JPY rises to 92.26 vs 92.04 earlier as firmer Asian shares prompt regional investors to buy risk-sensitve EUR/JPY, lifting USD/JPY in tandem, says Satoshi Okagawa, senior FX dealer at Sumitomo Mitsui Banking. Nikkei last +2.6%. Still, thinks USD/JPY's rise above 92.50 looks difficult in global day, even if U.S. ADP employment report, due at 1215 GMT, brings positive surprise. Stop-loss buying orders placed 92.50, players may test further upside, but Japan exporters may cap. Adds, although risk aversion easing, "players are not that confident to buy (the euro) aggressively" as concerns about euro zone debt problems hurting global economy persist. Investors expected to keep close eye on U.S. non-farm payrolls due Friday. Dow Jones poll of economists tips ADP data to log +75,000 in May vs +32,000 in April; non-farm payrolls likely +515,000 vs +290,000.([email protected])
2330 GMT [Dow Jones] Speculation next Japan PM will be current finance minister Kan, who has made no secrets of favoring weak JPY, has likely pushed USD/JPY into higher range, with pair possibly rising to 93.50 before Friday's May non-farm payroll report, says Motonari Ogawa, senior FX dealer at Barclays Capital. Says more than yen-negative political risk factors following PM Hatoyama's decision yesterday to resign, "it's been the speculation that Kan will replace him that has made people more bullish on the dollar-yen." In coming weeks this means pair may slowly settle into higher 93-95 range, particularly if Friday's employment report in line with expectations for strong 515,000 jobs growth, he says. Still, on day, traders watching for possible Japan exporter-sales, which could temper any rises; last 92.19.
Front-runner is current finance minister Kan, who made no secret of preference for weaker JPY, which benefits nation's key export sector, helps fight deflation. Speculation that Kan will become PM has already pushed USD/JPY higher; if Kan does take helm, USD/JPY may gradually settle into higher 93-95 range, says Barclays Capital senior FX dealer Motonari Ogawa. Pair last around 92.20. See =Japan Political Change May Lead To Weaker Yen, Fiscal Reform ([email protected])
And what could be the reasons for the PA and the daily candle close ?, here are some news about it:
0339 GMT [Dow Jones] USD/JPY rises to 92.26 vs 92.04 earlier as firmer Asian shares prompt regional investors to buy risk-sensitve EUR/JPY, lifting USD/JPY in tandem, says Satoshi Okagawa, senior FX dealer at Sumitomo Mitsui Banking. Nikkei last +2.6%. Still, thinks USD/JPY's rise above 92.50 looks difficult in global day, even if U.S. ADP employment report, due at 1215 GMT, brings positive surprise. Stop-loss buying orders placed 92.50, players...
Ignored
Good Morning,
Lasker next time I have a question I will definately ask andrew.mohan my friend).
A) Can you plese delete your Post
B) Next time you would like to place an valid arguement this is how you have to do it on here: ( Please dont post a news article that is embarrasing)
1. Explain your technical reason with a a chart
2. Explain your Fundamental reason.
3. Explain your logical reason.
I thank you in advance for your understanding
Geppyg
Lets wait for Big ben to complete
Make sure we get the hourly closing above
and then we take the position....as london will give direction..will post the trades as they become live.
Target 1: 0.8500- Take profit if playing bigger lots.
Target 2: 0.8480
Overall target 50 Pips:
Reason for trade:
1. Daily R2
2. Resistance has held between 26th of may to 1st of the month
3. A good First Touch Trade
4. Good Co-relation with the dollar index levels
Have a nice day
Geppyg
Ignored
We are closing this trade as we did not get to the expected levels in the timeframe required.
