My EUR/USD Trades

http://www.forexfactory.com/showthread.php?t=275509

Since I am still a commercial member, I am going to post my trading journal right here.

Considering the strong wording of Trichet and possibility of rate hikes in both euro and gbp, in the near future and with sovereign funds buying euro in large chunks, I decided to take a long position on euro.

*** edited to add

Server is 208.117.3.26
Account Id is 40005016
Investor Pass is preetks1

this is my own LIVE account. on FxCentral

BIS and ACB are buying euro in large chunks.

In Aud/Usd US custody bank is said to have been notable buyer this morning. Talk of buy interest lined up for 11:00 GMT fix. This interest is obviously being front run.

Great going, yesterday I was buying euro at a time when technical s were not in favor, I went in with the large funds.

Today euro is flying, I love the concept of informed buying

An Asian Central Bank is also buying decent amount of euro

Order books on Spain’s 2021 bond in excess of 6 bln euros – Lead manager

The Russian government is considering lifting its suspension on the purchase of Spanish sovereign bonds,

wow, i had the most enjoyable start of the week with over 3.3% account gain in 2 day-s so far.

this is darn too good trade, eurusd is simply being bought across the board

but

be cautious with 100 sma

and sure join my trading chat room here , i am on here from europe open to ny open each day http://www.forexlionfx.com/ajax/

I have been going very cautious this week, but even then for a 2 day performance this is a good start

http://img502.imageshack.us/img502/2959/get.gif

And as usual my trade setup is pretty simple 1 min charts, yeah I am a 1 minute scalper.

http://img703.imageshack.us/img703/5026/getl.gif

friggin euro closed my last trade right on target and simply collapsed

Two big US investment houses have been the main sellers around 1.3455/65 on the last two visits to those levels. A big European bank holds most of the supposedly massive stops above 1.3500 which I’m guessing will be triggered sometime soon.

1.3546 is my Kiss of death level, I will nver hold any longs above that, even if I get a real good signal.

Rumours of EUR3billion+ in stops sitting between 1.3505/35

and euro tumbles, well we got saufi buying interest below 3435 and huge buy orders sitting near 3360, so essentially this should be a range trade scenario now

Hello Forexlion,
Could you tell us the source of your news, they seem to be all pretty spot on.

Thanks

A US Investment Bank has been buying EUR/SEK , pushing eur/usd with it. Talks of huge sell orders near 1.3550, over euro 7 billion in value.

Trade with very tight stops above 1.3500

The cycles call for EUR/USD to peak today and then decline for two weeks. The 1.3550 to 1.3570 area will hold and is a great place to sell. It will then decline to early next week and test 1.3330. A close below this level will confirm a decline into late in the week of January 31 and our target is 1.2960. It should then turn higher to early March when a significant peak is due, but we don’t expect it to prove impressive and the 1.3570 area will hold. The euro should then begin a decline lasting several months. Only a close above 1.3570 will imply it is very strong and headed directly higher to March.