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Monday, December 21, 2009

TOTAL RESULT AS FROM 1ST APRIL 2009 UNTIL 22ND OF DECEMBER 2009 : 17.893 POINTS PLUS
USD $28.500 ON A FEW AD HOC GOLD POSITIONS.

SWEET, I WISH ALL READERS A MERRY CHRISTMAS AND A PROSPEROUS AND HEALTHY 2010

REGARDS

PETER RIS
OK GUYS LETS CLOSE OUR LAST OPEN TRADE, SHORT GBP/USD AT 1,6118 FOR 98 POINTS PROFIT.
IN THE MEANTIME I AM GOING TO DO THE FINAL BOOK KEEPING FOR 2009
I LL BE BACK LATER

Friday, December 18, 2009

SO FAR SO GOOD CABLE. WE WILL KEEP IT OVER THE W/E. BUT FOR SECURITY SAKE LETS PLACE A STOP AT 16190. YOU NEVER KNOW WHAT THOSE W/E PAPERS WRITE ABOUT!!
HAVE A GOOD ONE AND SEE YOU MONDAY AGAIN
IN THE MEANTIME LETS SELL CABLE AT 16216....LOOKS LIKE IT WILL GO MUCH LOWER M/T
OK GUYS I LEAVE A SELL ORDER EUR/USD AT 14450...YOU NEVER KNOW, THE CORRECTION IS DUE NOW.....

Thursday, December 17, 2009

LOOKING AT THE 4HR EUR/USD CHART AND ITS RSI YOU SEE THAT THIS PAIR IS IN VERY OVERSOLD CONDITION. IT'S TIME FOR AN UPWARD CORRECTION. LET'S SQUARE THE OTHER LOTS WE HAVE OUTSTANDING AT 14675 AND 14547 AT 14350. ONCE A RALLY STARTS WE WILL SELL INTO IT AGAIN. PROFITS 325 RESP 197 POINTS. SWEET!
OK GUYS TIME TO BANK SOME PROFIT. WE COVER OUR SHORT AT 14650 AT 14344 A SMART 306
POINTS!!

Wednesday, December 16, 2009

UNFORTUNATELY GUYS.. STOPPED OUT IN GOLD AND WE TAKE A SMALL LOSS HERE.
FOR EUR/USD STOP AT 14605

Tuesday, December 15, 2009

HI GUYS, SO FAR SO GOOD. EXPECT MOTE DOWNSIDE PRESSURE SELL OTHER LOT AT 14547
AND SELL ANOTHER 250 OZ GOLD AT 1122 STOP IN GOLD AT 1133 FOR 500 OZ

Monday, December 14, 2009

AGAINST MY HABIT I SUGGEST WE PLACE A STOP LOSS ON EUR/USD AT 14703 AND GOLD AT 1130.00. 14625 IS KEY SUPPORT LEVEL, IF THAT BREAKS WE WILL GO MUCH LOWER. WE TESTED THIS A FEW TIMES BUT NO JOY, HENCE I AM BECOMING A BIT CAREFUL. GOLD WILL GO HAND IN HAND WITH EUR SO WE PROTECT OUR SELVES THERE TOO.
SELL GOLD 250 OZ AT 1125.00
SELL ANOTHER LOT EUR/USD AT 14676
GOOD MORNING/EVENING. LET'S PUT A LIMIT IN TO SELL EUR/USD AT 1,4650

Friday, December 11, 2009

OK GUYS LETS COVER OUR SHORT EUR/USD AND BUY BACK AT 146,02
A NICE LITTLE RIDE FOR 132 POINTS!

HAVE A GREAT WEEK END AND SEE YOU MONDAY.....
SQUARE EUR/USD AND SHORT AT 147.34
OK GUYS...SEEMS LIKE EUR/USD IS BOTTOMING OUT A BIT ON THE DAILY AND CERTAINLY THE 4H CHARTS. IT COULD BE THE BEGINNING OF AN UP MOVE. THEREFOR LETS BUY EUR/USD AT 14729
STOP 14650 GOOD NIGHT

Thursday, December 10, 2009

OK GUYS. FOR THE DAY AND THE MOMENT THINGS SEEM TO BOTTOM OUT A LITTLE BIT. ANYWAYS IT'S BEEN AN EXTREMELY QUIET DAY. I AM GOING TO CLOSE GOLD NOW AT 1127 FOR $ 36 PROFIT
AND CABLE AT 15252 FOR 66 POINTS PROFIT
ALTHOUGH STOP LOSS MIGHT HAVE BEEN HIT IN GOLD I STAYED IN. IF YOU WERE STOPPED OUT SELL ON ANY UPTICK. HAVE A GOOD DAY

Wednesday, December 9, 2009

SELL ANOTHER CABLE AT 1,6305
SELL CABLE AT 1,6265
STOP LOSS IN GOLD NOW TO 1133.00 SO WE LOCK IN $ 30 PROFIT PER OUNCE
FORGET ABOUT THE CABLE ORDER AS WE ARE ALREADY MUCH LOWER. HOWEVER, GOLD AS WELL!!
SELL CABLE AT 16270 LIMIT ORDER
OK GUYS TIME TO COVER THAT CABLE AGAIN: SQUARE AT 1,6205
WE STAY SHORT GOLD
STOP LOSS FOR CABLE 16400
OK GUYS LETS SELL GBP/USD HERE AT 16325
IF YOU ARE NOT STOPPED OUT IN GOLD AS YET I STAY IN TILL THE 1150 LEVEL....SEEMS TOPPISH HERE

Tuesday, December 8, 2009

OK GUYS LET'S PLACE A "STOP" FOR THE OVERNIGHT SO AT LEAST WE LOG IN SOME PROFIT IF HIT: WE BUY 250 OZ AT 1143.00 SO IF HIT $ 20 LOCKED IN!
GOOD NIGHT
GOOD MORNING. PLEASE LET'S CLOSE THAT CABLE WE SHORTENED LAST NIGHT AT 1,6335
FOR A 100+ PROFIT. WE REMAIN SHORT GOLD 250 OZ. SELL ORDER LIMIT STAYS IN TACT

Monday, December 7, 2009

SELL CABLE ONE LOT AT 1,6441
HEY GUYS WE WERE JUST HIT IN GOLD AT 1163.00 WE SOLD 250 OZ THERE
NEXT SELL LEVEL 1184.00 FOR ANOTHER 250 OZ
LETS SELL GOLD AGAIN 250 OZ AT 1163.00 LIMIT!
OK GUYS, GOLD SEEMS TO RUN INTO A TEMPORARILY SUPPORT LEVEL LETS SQUARE UP THE REMAINING 200 OZ AT 11420.. IN TOTAL WE MADE ABOUT $ 50.000 IN THIS GOLD ADVENTURE!
THAT'S A 50% ON OUR ACCOUNT!
GOLD DID HIT OUR TARGET. DO WE BOUGHT 300 OZ AT 1136.00 A 50$ PROFIT !!
wE KEEP THE 200 OZ BALANCE AND SEE WHERE WE GET OUT. ANOTHER WAVE LOWER IS STILL ON
THE CARDS IF NOT WE PLACE A STOP AT 1150 FOR THE BALANCE!

Friday, December 4, 2009

WOW, THAT GOLD DROPS FAST! LET'S LOWER OUR "STOP LOSS" NOW TO $ 1170, LOCKING IN SOME
PROFIT...
AGAINST MY HABIT THIS TIME I LEAVE A PARTIAL TAKE PROFIT IN GOLD. TAKE BACK 300 OZ
AT 1136.00 AND HAVE A GOOD WEEK END.
REGARDS
PETER
HI GUYS, OK LET'S SELL THOSE USD/SFR 3LOTS NOW AT 10178 FOR A 100 POINTS PROFIT (3TIMES) WE STAY WITH THE GOLD SHORT
I THINK GOLD CAN COME OFF MUCH FURTHER BUT TO AVOID HIGH RISK SITUATION LETS PLACE A FIRM STOP LOSS NOW AT $ 1190 FOR 500 OUNCES!
HI GUYS, I LOVE IT GETTING OUT OF THE WOODS AGAIN: STILL REMEMBER THE POSITIONS?

OPEN POSITIONS NOW : LONG USD/SFR 3 LOTS AT 1.0078

SHORT XAU/USD 500 OZ AT 1186,50 STOP 1210 (WHICH WE REENTERED)

FOR THE MOMENT LETS TAKE OUR EXPOSURE DOWN AND BOOK A LITTLE PROFIT
LETS COVER 3 LOTS EUR/USD AT 1.4885 FOR 72 POINTS PROFIT. THAT'S
YIELD WISE 216 POINTS ON OUR 100K DEPOSIT! IT TOOK SOME PATIENCE BUT WE
SIMPLY HAD TO GET OUT OF THOSE OVER BOUGHT CONDITIONS!!

Wednesday, December 2, 2009

HI GUYS GOOD MORNING. WE ARE IN SOME SHITTY POSITIONS. IF YOU GOT STOPPED OUT IN GOLD PLEASE DO RE ENTER. A CORRECTION CAN NOT BE FAR AWAY. EUR/USD AND GOLD ARE SCREAMING OVER BOUGHT. SOMETHING WILL HAPPEN TO IT SOON........

REGARDS
PETER

Saturday, November 28, 2009

source: Chuck Buttler of Everbank

Why America Is Flat Broke

…And How to Shield Yourself from Miserable U.S. Economy, Soaring Deficits, and the Falling Dollar (In Three Days or Less!)

Good day... And Welcome to a Special Weekend Edition of the Pfennig!

Lately, several of you have asked me for the full story on the debt situation here in the United States.

It seems you all want to know how that debt situation affects YOU, the average tax-paying American waltzing down Main Street.

Of course, long-term readers know that’s something I cover fairly often here in the Pfennig. But I never have time to give you the FULL story...with all the gory details about the bankrupt Uncle Sam, TRILLION dollar debts, and the sinking dollar.

More importantly, I never have enough time to explain how you can get out of the U.S. dollar fast...so you can escape the rising deficit situation here in the U.S.

Now, I hate to interrupt your lovely weekend, but a special Saturday issue seemed like the perfect opportunity to cover all that.

So if you’re game, grab some coffee, and we’ll jump right in!

Let’s start with some facts first.

As of today, the U.S. National Debt is nearly $12 Trillion dollars. That’s a monster in itself, but it’s nothing compared to what the U.S. really owes…

Do You Have $344,000 to Pay Uncle Sam? Well You Should.

You see most people have no idea what the U.S. government owes on “unfunded obligations.” That’s government-ese for entitlement programs like Medicare, Social Security etc.

Right now, the total unfunded obligations sits at $106 Trillion dollars! That’s more than 780% MORE than the “national debt!”

Now, let’s do a little math…

If you charged Americans for the national debt, each citizen would have to shell out $38,940. If you just charged taxpayers, that tab would climb to $104,000 per person.

Our nation’s Total Assets now stand at $74 Trillion dollars, or $240,000 per citizen.

Now add in the “unfunded obligations” at $106 Trillion, and every citizen would have to shell out $344,000 to keep us afloat.

In other words…as a country, we are flat-broke!

By the way, if you don't believe me, you can go to the National Debt Clock website and see for yourself. But I warn you don’t go there if you have a weak stomach.

How in the World Did Our Debts Reach This High?


This deficit spending all began in the 80’s. However, at that time, the government was much smaller than it is today.

Let’s talk about some fallacies that exist when people talk about deficit spending that began in the 80’s in the Reagan administration…

Ronald Reagan increased the deficit by 35% in eight years, or $37 Billion per year. At the time it seemed like a lot. After all, the U.S. was a surplus nation at the time. In fact, economists viewed this 35% increase in eight years as “excessive.”

But when you compare it to the first eight weeks of the current administration, when Obama and his team increased our deficit by 435%, the Reagan years don’t look so “excessive” any longer!

Now I’m not comparing parties here. I’m just making the point that deficit spending started more than 25 years ago, and continues today only at a much faster pace.

In my opinion, the biggest deficit in this country is a leadership deficit. We have people in Washington D.C. that continue to make bad choices and spend, instead of dealing with a solution to reduce the government and the deficit.

Unfortunately all Americans on the street are paying for this leadership deficit where it really hurts…in our currency.

The U.S. dollar has dropped 37% in value since it peaked in 2001. And the situation does not look to improve anytime soon.

Why the Dirt-Cheap Buck Helps the U.S. and Hurts You

Here’s the real rub folks…

No matter how Treasury Secretary Geithner might preach about “maintaining a strong dollar,” as he said again at the U.S. embassy recently...the truth is a weaker dollar benefits the U.S. government.

Of course, the weak dollar also hangs Americans out to dry. We get stuck with the bill as every dollar we have buys us less.

But the weaker dollar allows U.S. exports to be more competitive in the world. The weaker dollar also allows multi-national business to enjoy huge profits overseas.

Oh! And here’s the 800-lb Gorilla in the room that I almost forgot about… The weak dollar gives the U.S. government the ability to pay back our deficits with “cheaper dollars.”

It means that Uncle Sam doesn’t have an incentive to pay off our debts. That’s the cheese that binds for the dollar folks!

One day this will all come crashing down like a house of cards, folks… and when that happens, you’ll want to have some cash outside the dollar. Trust me.

Friday, November 27, 2009

VERY SORRY READERS. I WAS UNEXPECTEDLY CALLED AWAY EARLY THIS MORNING AND JUST GOT BACK AT THE SCREENS. WE WERE WELL IN PROFITS ACROSS THE BOARD AND I HOPE YOU WERE SO WISE TAKING THEM, UNLIKE ME! IF YOU DIDN'T HOWEVER, I EXPECT ANOTHER WAVE DOWN NEXT WEEK. CONDITIONS ARE STILL VERY OVERSOLD FOR THE USD AND LOWER LOWS WILL BE REACHED NEXT WEEK I EXPECT.
HAVE A GREAT W/E AND CU MONDAY OR SUNDAY NIGHT AGAIN

CHEERS
PETER

Thursday, November 26, 2009

OPEN POSITIONS NOW : LONG USD/SFR 3 LOTS AT 1.0078
SHORT EUR/USD 4 LOTS AT 1,4978
SHORT XAU/USD 500 OZ AT 1186,50 STOP 1210
WE ARE STILL SHORT GBP/USD 3 LOTS AT 16637
LETS TAKE A NICE PROFIT HERE AND COVER AT 16550 FOR A 87 POINTS PROFIT
OK GUYS GOOD MORNING. AM HAPPY I TOOK THAT LAST ROUND OF TRADES. LET'S AT LEAST TAKE PROFIT ON THOSE ONES

BUY CABLE AT 16553 FOR 152 pips profit
BUY EUR/USD AT 15080 47 pips profits
SELL USD/SFR 1.0010 38 pips profit

Wednesday, November 25, 2009

THIS IS ENTIRELY REDICULOUS. I DON'T DO THIS VERY OFTEN BUT NOW I
BUY USD/SFR AT 9972
SELL EUR/USD AT 15127
SELL GBP/USD AT 16705

THIS MUST CORRECT AS VOLUME IS VERY LOW!
AS YOU ALL CAN SEE IT'S THE VERY OVERBOUGHT GOLD PRICE THAT KEEPS THE CURRENCIES UP AGAINST USD. FOR THIS TIME, DUE TO THE EXTREMELY OVERBOUGHT LEVEL I RECOMMEND TO SELL 500 OUNCE OF GOLD AT 1186.50 STOP AT 1210.00
MAX RISK $ 11.750
OK SELL ONE MORE LOT EUR/USD AT 1,5040
OUR AVERAGE NOW 1,4978 FOR 4 LOTS EUR/USD
POSITIONS NOW:

LONG USD/SFR 3 LOTS AT 1.0078
SHORT EUR/USD 3 LOTS AT 1,4957
SHORT GBP/USD 3 LOTS AT 1,6637
SELL ONE MORE CABLE AT 16700
WE BOUGHT ONE LOT OF USD/SFR AT 10050
SELL ANOTHER LOT CABLE AT 16643
SELL EUR/USD ONE LOT AT 15004

IF THERE BUY USD/SFR AT 10050

Tuesday, November 24, 2009

SELL CABLE AT 16567
CURRENT POSITIONS: USD/SFR LONG 2 LOTS AT 10093
EUR/USD SHORT 2 LOTS AT 14933
WOW LOOK AT THE RSI IN GOLD. ALMOST JUMPING OUT OF MY SCREEN. TIME FOR A GOOD CORRECTION SO USD/SFR SHOULD GO UP SOON. LETS BUY ANOTHER LOT AT
10111

Monday, November 23, 2009

ONE ORDER JUST FILLED IN USD/SFR (15 MIN AGO) WE ARE LONG AT 10075
NEXT BUY ORDER AT 10050
BUY USD/SFR AT 1.0075 AND 1,0050 ONCE WE GER THERE....
SELL ANOTHER LOT EUR/USD AT 14975
SO SHORT IN TOTAL 2 LOTS AT 14933

SQUARE USD/CAD AT 10610 FOR 92 POINTS PROFIT

Friday, November 20, 2009

HI GUYS, SEEN THAT CLASSICAL BEARISH DIVERGENCE IN HOURLY RSI IN USD/CAD?
SEEMS TIME TO SELL IT: USD/CAD OUT AT 10702

WE STAY SHORT EUR/USD

Thursday, November 19, 2009

ORDER DONE SOLD EUR/USD AT 14890 STOP 14930
AHEAD MR. TRICHET SPEECH AT 1600 GMT LET US SELL EUR/USD AT 14890 LIMIT
IF DONE STOP AT 14930
OK GUYS THERE IS ABSOLUTELY NO MUSIC IN THIS MARKET. WHAT A DRAG!
SO LETS SQUARE UP.
SELL USD/SFR AT 10170 FOR 95 POINTS PROFIT
BUY EUR/USD AT 14875 FOR 75 POINTS PROFIT

Wednesday, November 18, 2009

SELL EUR/USD AT 14950
ONE ORDER EXECUTED BOUGHT USD/SFR AT 10075
NEXT ORDER AT 10050
GOOD AFTERNOON. SEEMS MARKET IS ALREADY IN THE HOLIDAY MOOD!
HOWEVER STILL SEE A POSSIBLE TRADE IN USD/SFR. BUY 1 LOT AT 1.0075
AND ANOTHER LOT AT 1.0050

Tuesday, November 17, 2009

SELL USD/SFR 2 LOTS AT 10193 AND BOOK 186 POINTS PROFIT

ALL SQUARE NOW.
POSITION OPEN NOW LONG USD/SFR 2 LOTS AT 10110
OK OUT OF GBP/YEN AT 14965, WHERE WE ENTERED ON AVERAGE 148625
SO PROFIT 205 POINTS BASED ON ONE LOT AS USUAL. LOUSY MARKET!
LET'S PLACE A STOP LOSS ON OUR 2 LOTS GBP/YEN AT 14965 AND LOCK IN 103 POINTS PROFIT. bEEN A LONG TIME AGO IT WAS SO QUIET IN GBP/YEN, THE VOLATILITY JUST SEEM TO HAVE DISAPPEARED....
LET'S SQUARE OUT THIS EUR/USD. I HAD ENOUGH WATCHING THIS PAINT DRY:
149,31 SO A TINY LOSS HERE. INSTEAD LET'S BUY ANOTHER LOT USD/SFR AT 10115
GOOS MORNING. SEEMS THAT SNB'S ROTH IS GOING TO SPEAK IN BETWEEN 11.00/11.30 CET. I CAN NOT IMAGINE HE IS VERY HAPPY WITH THE USD/SFR RATE GOING TO PARITY, HENCE I BUY USD/SFR 1 LOT AT 10105

Monday, November 16, 2009

HMM WE WERE TRAPPED IN THAT EUR/USD...LET'S GO BACK IN AND BUY ONE LOT AT 14952....STOP AT 14887
OK, EUR/USD STOPPED OUT. IT'S OBVIOUS THAT SOME HIDDEN INTERVENTION IS TAKING PLACE IN EUR/USD. CAN'T FIGHT THAT. FORTUNATELY WE HAD THE STOP IN PLACE. GBP/YEN SEEMS TO HAVE BROKEN THE 15000 LEVEL SUGGEST A TAKE PROFIT AT 15065 FOR ONE LOT
HI GUYS STILL HERE. IT IS A SLOW MARKET BUT STILL SLIGHTLY GOING OUR WAY.
CURRENT POSITIONS:

LONG GBP/YEN AT 14865 2 LOTS

LONG EUR/USD AT 14942 3 LOTS

GUESS WE HAVE TO BE VERY PATIENT HERE, AS WITH THIS GOLD PRICE EUR/USD SEEMS A BIT "UNDERVALUED" ALTHOUGH I HAVE THE FEELING THAT SOME MAJOR POWERS ARE TRYING TO KEEP IT BELOW 15000. LET'S GIVE IT SOME MORE TIME AND SEE HOW IT PLAYS OUT. FOR EUR/USD PLACE STOP NOW AT BREAK EVEN!

Thursday, November 12, 2009

BUY ANOTHER LOT EUR/USD AT 14858
BUY ANOTHER LOT IN GBP/YEN AT 148,29

STOP LOSS AT 148,00 FOR BOTH LOTS.
STILL IN GBP/YEN LONG!

Wednesday, November 11, 2009

BUY GBP/YEN AT 148,96 STOP AT 148,30
OK LET'S TAKE A SMALL LOSS ON EUR/USD AT 14984 AND GO LONG 2 LOTS AT THE SAME TIME. SO WE TAKE 34 POINTS LOSS ON 2 LOTS (68 POINTS IN TOTAL)
OK READERS, TIME TO BUY THAT CABLE BACK BEFORE IT STARTS TO RETRACE.
COVER HERE AT 16542 FOR A 208 POINTS PROFIT. STAY SHORT IN EUR/USD
CABLE SELL ORDER AT 16750 EXECUTED. STOP AT 16805

Tuesday, November 10, 2009

NOT MUCH GOING ON IN EUR TODAY. AM LOOKING AT ANOTHER SET UP IN CABLE.
LIMIT ORDER: SELL CABLE AT 16750 STOP LOSS 16800

Monday, November 9, 2009

OOPS MISTAKE ON MY END. WE DIDN'T TOUCH 15050 OVERNIGHT. SO WE ARE STILL SHORT ONE LOT AT 14905. KEEP THE SELL ORDER IN THOUGH.....
SELL HERE ANOTHERLOT AT 14995 SO WE WILL BE SHORT 2 LOTS AT 14950 ON AVERAGE
ORDER WAS EXECUTED SO WE SOLD ANOTHER LOT EUR/USD AT 15050.
SO NOW WE ARE SHORT 2 LOTS AT 15027. WE KEEP OUR STOP AT 15105
SKIP THE SL ORDER IN EUR/USD AND SELL ANOTHER LOT AT 15050 IF WE GET THERE.
EUROPE CAN NOT AFFORD A EURO/USD ABOVE 15000 STOP AT 15125
OK READERS. SO FAR THE OPENING REACTION ON THE IMF NEWS, THAT USD IS UNDERVALUED ONLY LEAD US TO A SMALL OPENING GAP OF 35 POINTS UP. WE KEEP OUR STOP IN PLACE AT 14905 OR BETTER IF YOU CAN AFFORD THE RISK 14930.
I DON'T THINK WE WILL REACH THAT LEVEL. IT'S THE GOOD OLD "BUY THE RUMORS SELL THE FACTS". TECHNICALLY IT SEEMS EUR/USD AND CABLE TOO ARE GETTING A BIT TIRED. IT'S TIME FOR A CORRECTION. I MIGHT BE WRONG BUT THAT'S MY FEELING. AT LEAST AS WE ARE POSITIONED NOW IT CAN'T COST ANY MONEY.....GOOD NIGHT FROM SPAIN

Sunday, November 8, 2009

THE BLOOMBERG ARTICLE

WELL AT FIRST SIGHT IT SEEMS LIKE THE USD WILL DIVE AT THE TOKYO OPEN, ALTHOUGH I DO NOT BELIEVE THAT EUROPEAN EXPORTING NATIONS WILL AGREE ON THIS AND THUS INTERVENE ONE WAY OR THE OTHER. THERE COULD BE A GOOD SPIKE UP IN EUR/USD AND CABLE AT THE TOKYO OPEN ALTHOUGH I WOULD USE THOSE TO SELL INTO. COMMENTS FROM EUROPEAN OFFICIALS CAN BE EXPECTED MONDAY MORNING SO BEWARE!!

GOOD LUCK
PETER

USD$ STILL UNDER VALUED?

JUST FOUND THIS ARTICLE ON BLOOMBERG. DOESNT BODE WELL FOR USD BULLS:

By John Fraher and Rainer Buergin

Nov. 7 (Bloomberg) -- The International Monetary Fund said traders are probably using the dollar to fund “carry trades” across the world and the currency may still be overvalued even after its slide this year.

“There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a report published today. “These trades may be contributing to upward pressure on the euro and some emerging economy currencies.” While the dollar “has moved closer to medium-run equilibrium,” it is still “on the strong side.”

With investors able to borrow at near-zero interest rates in the U.S., some economists are concerned that markets may become distorted as traders plough those funds into riskier assets. Nouriel Roubini, the economist who forecast the financial crisis in 2006, said Nov. 4 that investors are milking the “mother of all carry trades.”

The MSCI All-Countries World Index has gained about two- thirds since March and sugar has soared 90 percent this year. The dollar has dropped 13 percent against a basket of currencies from its major trading partners in the past seven months.

The euro’s exchange rate “is on the strong side of its equilibrium,” the Washington-based IMF said.

Chinese Currency

The fund, which published the report as officials from the Group of 20 nations gathered in St. Andrews, Scotland, also said that the yuan is “significantly undervalued.”

“The Chinese renminbi has depreciated in real effective terms in tandem with the U.S. dollar and remains significantly undervalued from a medium-term perspective,” the IMF said.

Chinese central bank Governor Zhou Xiaochuan told Bloomberg News yesterday that “the pressure from the international community to allow yuan appreciation is not that big,” deflecting calls from Europe and Japan to let it rise.

The IMF also said in its report that countries should withdraw economic stimulus too late rather than too early because the global economic recovery is likely to be “sluggish” and inflation rates will stay low.

“The timing of exits should depend on the state of the economy and the financial system, and should err on the side of further supporting demand and financial repair,” the IMF said.

More Support

The G-20 said today in a joint statement it had “agreed to maintain support for the recovery until it is assured.” While economic and financial conditions have improved, “high unemployment is a major concern,” the officials said.

Countries should coordinate the withdrawal of stimulus to avoid “adverse spillovers,” though that does not necessarily imply synchronization, the IMF said in a seven-point catalog of principles for policy exit.

Curbing government deficits should be a “top policy priority” while monetary policy can adjust more flexibly when “normalization” is needed, the IMF said. Central banks needn’t take back their unconventional policy measures before starting to raise interest rates, it said.

To contact the reporters on this story: John Fraher at jfraher@bloomberg.net; Rainer Buergin at rbuergin1@bloomberg.net

Last Updated: November 7, 2009 13:52 EST

Friday, November 6, 2009

RE: SELL OF EUR/USD AT 149,05 PLS BRING STOP TO BREAK EVEN NOW. LET'S KEEP THIS POSITIONS OVER THE W/E
FINALLY A NEW UPDATE. SELL EUR/USD AT 149,05 , STOP LOSS AT 149,50

Wednesday, October 21, 2009

EUR/USD STOPPED OUT AT 15025. WE WAIT FOR THE NEXT OPPORTUNITY.

Tuesday, October 20, 2009

OK FOR OVERNIGHT WE STAY SHORT EUR/USD, BEARISH DIVERGENCE RSI IN DAILY CHART SEEMS EVIDENT NOW. SELL ORDER OUT PLACE STOP AT 15025 INSTEAD
CANCEL STOP LOSS IN EUR/USD AT 15030. INSTEAD SELL ANOTHER LOT AT 15025
GBP/USD STOPPED OUT AT 1,6431 FOR A 77 POINTS LOSS.......
STOP LOSSES IN EUR/USD AT 15025 AND CABLE 16430 BID

Monday, October 19, 2009

SELL CABLE AT 1,6354
SELL EUR/USD 2 LOTS AT 1,4902 TO SQUARE WITH 139 points profit

SELL EUR/USD SHORT AT 1,4902

Friday, October 16, 2009

GBP/YEN STOPPED OUT AT 148,10 FOR 86 POINTS LOSS

Thursday, October 15, 2009

SHORT GBP/YEN AT 147,24 STOP AT 148,10

Wednesday, October 14, 2009

BOUGHT ANOTHER LOT OF EUR/USD AT 1,4886 STOP AT 1,4835

Tuesday, October 13, 2009

GBP/YEN STOPPED OUT AT 14210

Monday, October 12, 2009

SQUARE GBP/USD AT 15802 FOR 11 POINTS PROFIT

BUY EUR/USD AT 14779

GBP/YEN STOP AT 142,10
SELL GBP/USD AT 15814 STOP 15900
SELL GBP/YEN AT 142,43 STOP 14320

Friday, October 2, 2009

ALL STOPPED OUT AT 14215 TOTAL PROFIT 109 POINTS
ALL SQUARE NOW HAVE A GOOD W/E
SELL ONE MORE LOT GBP/YEN AT 14134 STOP LOSS 14215
RE GBP/YEN SHORT. STOP LOSS AT 142,15; NONETHELESS I EXPECT 140.00 TO BE TESTED ANYTIME SOON

Thursday, October 1, 2009

UNFORTUNATELY STOP AT 14400 JUST HIT. lET'S SELL AGAIN AT 143,10 2 LOTS THIS TIME

Wednesday, September 30, 2009

SELL GBP/YEN AT 143,10 STOP AT 14400

Sunday, September 27, 2009

FINALLY AFTER 5 DAYS OF CONNECTION PROBLEMS I AM BACK ON LINE. UNFORTUNATELY OUR STOP IN EUR/GBP WAS HIT. I WILL BE BACK MONDAY WITH A NEW UPDATE. HAVE A GOOD ONE.

Monday, September 21, 2009

SOLD ANOTHER LOT OF EUR/GBP AT 0,9062 STOP AT 0,9090 FOR 2 LOTS
CLOSED AUD AT 86,62 FOR 33 POINTS LOSS

Friday, September 18, 2009

SELL EUR/GBP AT 9053 STOP LOSS 9090
IN SPITE OF THE LONGER TERM TREND IS STILL UP THE CHARTS OF ALL PERIODS SHOW VERY OVERBOUGHT CONDITIONS. A CORRECTION SHOULD BE DUE ANYTIME SOON.

Thursday, September 17, 2009

SELL GBP/YEN DONE AT 150,45 TAKE PROFIT 140 POINTS

Wednesday, September 16, 2009

BOUGHT ANOTHER LOT OF AUD/USD AT 0,8727

STOP LOSS GBP/YEN AT 149,50
GBP/YEN STOPPED OUT. BUY AGAIN AT 14915 SL 14850
BUY GBP/YEN AT 150,10 STOP AT 149,40

Tuesday, September 15, 2009

DEAR READER.

I CLOSE CAD OUT FOR 200 POINTS LOSS AS MUY BULLISH SCENARIO DIDN'T WORK OUT. IN STEAD I BUY AUD/USD ONE LOT AT 0.8630
DEAR READERS

SO WE GOT STOPPED OUT OF OUR CABLE POSITION LAST WEEK AND HAD TO TAKE A SMALL LOSS. MARKET IS VERY QUIET AND SLOW LATELY AS , I THINK, MANY PEOPLE BURNED THEIR FINGERS AFTER THE GOLD RALLY. PERHAPS WE ARE GETTING RID OF THE TRADING THEME WHERE PEOPLE BUY USD AS A SAFE HAVEN CURRENCY.
BACK TO THE OLD DAYS AND PUNISHING THE CURRENCY OF THE WORST PERFORMING ECONOMY THE WAY IT SHOULD BE? I WOULD LOVE TOO AS IT WOULD MAKE LIFE MUCH EASIER END LOGICAL. STILL THE MARKET IN GENERAL IS NOT CONVINCED YET. FOR SURE IN THE COURSE OF THIS YEAR AND EARLY NEXT YEAR
INFLATION WILL BEAT AROUND HARD IN THE US. THE NATIONAL DEBT WILL RUN UP TO A STAGGERING $20 TRILLION. WE STILL HAVE CAD IN POSITION, WHICH IS TRADING IN A SMALL RANGE. WE LEAVE THAT ONE OPEN AND STAY SOMEWHAT SIDELINED AND WATCH FURTHER DEVELOPMENT AS IT'S WISER TO STAY OUT FOR THE MOMENT. ALSO WATCH THE S&P CLOSELY AS IT KEEPS GOING HIGHER EVERY DAY. I WOULD PULL OUT OF STOCKS NOW. NEXT TIME MORE.

Thursday, September 10, 2009

DEAR READER

I SUPPOSE YOU AREV ALL OUT OF THE YEN TRADE. AS A LOW I HAVE SEEN 149.15.
THE LAST TIME I DID BUY SOME USD CAD AT 11040 AND HEREBY I WOULD LIKE TO ADD ONE MORE LOT AT 10817. aLSO TODAY WE HAVE THE BOE OUT WITH AN INTEREST RATE DECISION. ALTHOUGH GENERAL EXPECTATIONS ARE THAT THE BOE WILL NOT MOVE I DO NOT EXCLUDE, SEEN THE LAGGING POSITION OF THE UK IN ECONOMIC RECOVERY THAT THEY MIGHT DO SOME EXTRA QUANTATIVE EASING OR LOWER THEIR BENCH MARK RATE FROM 0.5% TO 0.25% AN OTHER PROBLEM IN THE UK IS THAT THE BANKS DO NOT LEND THE EXTRA VASH RECEIVED FROM THE GOVERNMENT TO THE CONSUMER/CORPORATIONS BUT RATHER PLACES THE MONEY ON DEPOSIY WITH BOE WHICH PAY THEM 0,50%, NICE! HENCE TAKE A SHORT CABLE HERE AT 16517 WITH STOP LOSS 16550
REGARDS
PETER

Tuesday, September 1, 2009

DEAR READER,

FINALLY TODAY WE TOUCHED THE ALMOST MAGICAL PINT OF 150.00 I HAVE SEEN 14985/92 SO THE ONES THAT WANTED TO COVER HAD ALL OPPORTUNITY TO DO SO.
CONGRATULATIONS WITH YOUR NICE PROFIT! PERSONALLY I THINK WE WILL GO LOWER. AT THIS MOMENT WE QUOTE 150 10/15 SO A DAILY CLOSE ON ALMOST THE LOWEST POINT OF THE DAY. AND BESIDES THE S&P 500 TO WHICH GBEP/YEN IS PRETTY CORRELATRD CLOSED BELOW 1000 AT 998! I EXPECT STOCK MARKETS IN ASIA AND EUROPE TO FOLLOW THIS UP WHAT WILL PUT UP THE PRESSURE ON GBP/YEN. I THINK THAT WE COULD SEE 14800 REAL SOON.

BY THE WAY I JUST BOUGHT MY FIRST LOT OF USD/CAD AT 1,1040

REGARDS
PETER

Monday, August 31, 2009

UNFORTUNATELY WE JUST MISSED THE TAKE PROFIT. LOW QUOTE HAS BEEN
150 03/10 AS FAR AS i HAVE SEEN. CURRENTLY WE ARE IN A LITTLE CORRECTION. I DO NOT EXPECT TOO MUCH FROM THIS. TOMORROW SPT.1ST LONDON WILL BE BACK FROM HOLIDAYS AND I AM VERY CURIOUS WHAT THEY ARE GOING TO DO. I WOULDNT BE SURPRISED THAT THEY WILL SELL THE OVERVALUED GBP/USD DOWN TO 1.6000 AND LOWER. THE RESULT OF THAT ON GBP/YEN IS OBVIOUS. I SUGGEST TO TAKE THE TAKE PROFIT OUT OF GBP/YEN AT 15000 AND WE 'LL FOLLOW THE FURTHER DEVELOPMENTS. OF COURSE IT'S UP TO YOU. NOW TE POSITION IS IN DEEP PROFIT. YOU COULD SET A STOP LOSS ABOVE 15200 RESISTANCE OR YOU LEAVE IT OPEN FOR A FURTHER DOWNMOVE INTO THE 14800 AREA AND LOWER PERHAPS. THE LATTER BEING MY PERSONAL RECOMMENDATION BUT I CAN IMAGINE ALSO THAT YOU WOULD LIKE TO TAKE PROFIT, PERHAPS PARTIALLY.
CURRENTLY I AM LOOKING TO USD/CAD. I THINK USD/CAD HAS A LONG WAY UP TO GO. I DON'T WANT TO GO INTO DETAILS AS YET BUT A USD/CAD AT 1,50 , BY YEAR END I DO NOT SEE AS IMPOSSIBLE. IN ANOTHER POST I LL GO DEEPER INTO THIS.

REGARDS
PETER

Friday, August 28, 2009

DEAR READERS.

THANK YOU FOR THE FRIENDLY COMMENTS. IN SPITE OF EVERYTHING GOING ON AT THE MOMENT I KEPT FOLLOWING THE MARKETS. SO FAR SO GOOD, WE HIT THE 15100 LEVEL AND ARE CURRENTLY IN A SMALL RETRACEMENT. I EXPECT 15300 AS VERY TOPPISH. AFTER WE (PERHAPS) HIT THE 15300 I EXPECT GBP/YEN TO DROP FURTHER TO 1ST TARGET 150.00 WITH EXTENSION TO PERHAPS 14800 LEVEL.
IF YOU TOOK THIS POSITION AND FOLLOWED IT ALL THE WAY I SUGGEST YOU COVER 4 OUT OF OUR 7 LOTS AT 150.00 AND THE 3 REMAINDERS AT 14800. OF COURSE YOU COULD ALSO COVER THE ENTIRE POSITION AT 15000. IF HIT YOU WILL HAVE A SWEET 880 POINTS PROFIT PER LOT OR 6160 POINTS. ON WHATEVER EQUITY YOU MAY HAVE THIS IS A RETURN OF 61,6% I HOPE WE WILL GET THERE VERY SOON.

BEST REGARDS
PETER RIS

Saturday, August 22, 2009

DEAR READERS

DUE TO SERIOUS FAMILY CIRCUMSTANCES I STILL CAN NOT BE HERE EVRY DAY TO POST. I CAN ASSURE YOU THIS WILL CHANGE AFTER NEXT WEEK. IT HAS ALL TO DO WITH ILLNESS OF MY DAD. NEXT WEEK IS HIS LAST WEEK OF THERAPY AND HOPEFULLY ALL WILL BE FINE. IN THE MEANTIME I KEEP FOLLOWING THE MARKETS. CURRENTLY WE ARE ON KEY POINT 155.60. I EXPECT ONE FINAL MOVE UP TO 158.00 AND PERHAPS 159.00. I WOULD LEAVE THOSE 2 LEVELS AS A SELL ORDER.
IF THERE IS AN OVERSHOOT TO 160.00 WHICH I DOUBT, SELL THAT ONE AS WELL.
IN THE LATTER SCENARIO WE WILL HAVE A 1:10 LEVERAGE ON AVERAGE OF 159.00
AFTER THIS UPSIDE TEST I EXPECT A BIG FALL TO 15000/14500 AND PERHAPS DEEPER. THE STOCKMARKETS HAVE BEEN VERY PUMPED UP. EVERY DAY YOU SEE AN HIGHER S&P BUT ON LOWER VOLUME. THE STOCK MARKET IS RUNNING OUT OF STEAM AND READY TO COLLAPSE, HARD! THE CROWD IS BEING MANIPULATED AS MUCH AS POSSIIBLE BY US GOVERNMENT AND ITS ALLIES IN THE BANKING INDUSTRY AND FED AND ALSO HELPED BY THE MULTI STREAM MEDIA. SOON IT WILL BE OVER. I TRUST TO MAKE A GIGA MOVE ON THIS GBP/YEN POSITION. USUALLY, PATIENCE PAYS...!
REGARDS

PETER

Monday, August 17, 2009

DEAR READER,

I STILL AM PRETTY MUCH AWAY BUT KEEP AN EYE ON THE MARKETS WE ARE SHORT AT 158,80 AND CURRENTLY WE QUOTE ALMOST 500 POINTS LOWER. WE WON'T TAKE PROFIT HERE AS I FEEL THERE IS STILL MORE TO COME! i FORESEE 150.00 THIS WEEK AND ONCE THERE WE MIGHT TAKE SOME PROFIT!

REGARDS
PETER

Wednesday, August 12, 2009

HI READERS,

I HAVE BEEN PRETTY ABSENT LATELY ALTHOUGH I KEPT FOLLOWING THE MARKET.
FOR YOUR INFO WE ARE SHORT 7 LOTS ON AVERAGE AT 15880. SO WE ARE BACK IN THE MONEY SO TO SAY. iT MIGHT MAKE ANOTHER MOVE UP, ON WHICH WE WILL SELL MORE UPTO 10 LOTS MAX AS 1:10 IS THE MAX. LEVERAGE IN THIS M/T PLAY.
I WOULD NOT BE SURPRISED TO SEE 15000 SOON, THAN WE WILL COVER THIS POSITION.
THANK YOU
PETER

Friday, August 7, 2009

SELL ONE MORE LOT AT 162,30

Tuesday, August 4, 2009

WE SELL GBP/YEN ONE MORE AT 16070

Monday, August 3, 2009

WE SELL ANOTHER GBP/YEN AT 15982

Friday, July 31, 2009

SELL ONE LOT AT 158,35

Thursday, July 30, 2009

SELL ONE MORE LOT GBP/YEN AT 15770
SELL 1 MORE LOT AT 156,75

Wednesday, July 29, 2009

GBP/YEN DONE AT 15600

Tuesday, July 28, 2009

LIMIT ORDER..SELL GBP/YEN AT 15600
COVER 2 LOTS GBP/YEN AT 15545 FOR 345 POINTS PROFIT
IF YOU NOT SHORT GBP/YEN HERE GO SHORT NOW WITH TIGHT STOP AT 15760
GOOD MORNING PEOPLE...HMMM GBP/YEN CAME BACK UP AGAIN. LET'S HANG IN HERE A SECOND....
WOW, ONE OF THE DULLEST DAYS i REMEMBER IN GBP/YEN. WELL THE WHOLE MARKET CAME AT STANDSTILL. SUMMER BLUES? ANYWAYS I LL LEAVE SOME ORDERS. BUY 15760SL OR
15570 TP . WELCOME TO MY SITE MAN IN DUBAI.......

Monday, July 27, 2009

AELL ONE MORE LOT AT 15730
WE SELL GBP/YEN 1 LOT AT 15705
SQUARED AGAIN AT 15671 AND STAY SIDELINED TILL DIRECTION BECOMES CLEARER...................
STOPPED OUT AT 15675 BUY AT 15688 1 LOT
HI GOOD MORNING AGAIN. DIRECVTION VERY UNCLEAR AND MIXED SIGNALS. 15660 IS A VERY STRONG RES. LEVEL.tHERE FORE SELL 1 LOT AT 15653 SL AT 15675
UNFORTUNATELY...STOPPED OUT AT BREAK EVEN IN GBP/YEN.
ASIA AGAN WAS NOT ABLE TO BREAK SOME KEY LEVELS, WHICH BRINGS THIS PAIR IN NEUTRAL STATUS.....REMAIN SQUARE FOR THE TIME BEING......
OK LETS PUT UR STOP AT BREAK EVEN...15585 CYA TOMORROW MORNING ITS 01.50 AM HERE

Sunday, July 26, 2009

GOOD MORNING,EVENING,AFTERNOON

STOP LOSS WAS NOT HIT. OBVIOUSLY THOSE SCAM BROKERS STICKED IN A 15/35 PRICE LEVEL EVEN BEORE OPENING OF NEW ZEALAND. THIS IS TYPICALLY STOPPING OUT CUSTOMERS ILEGALLY. MU ECN HAD 10 AS HIGHEST BID SO NOTHING DONE HERE. WISH YOU A SUCCESFUL WEEK

Friday, July 24, 2009

OK, THIS WAS IT FOR THE WEEK GUYS. WE STAY SHORT GBP/YEN 3 LOTS WITH A STOP LOSS AT 15620 BTW 1163 POINTS FOR THE WEEK
ENJOY YOUR W/E!!
BUY BACK 2 LOTS AT 15557
CURRENT POSITION SHORT GBP/YEN 5 LOTS TP AT 15500 SL 15633
SOLD 2 LOTS GBP/YEN AT 15598
FOR THE OPEN 3 LOTS GBP/YEN SL AT 15625 TP AT 15510
COVER 2 LOTS AT 15560
GOOD MORNING GUYS...IT JUST WORKED OUT AS I HOPED FOR FOR THE MOMENT THAT IS. TAKE 5 LOTS BACK AT PAR 15593
LETS REDUCE RISK A BIT HERE

Thursday, July 23, 2009

POSITION SHORT GBP/YEN 10 LOTS AT 155,92
ORDER DONE ON SELL 1 LOT AT 157,60
POSITION NOW SHORT GBP/YEN 9 LOTS AT 155,73 AVERAGE.....
SELL ORDER 15730 DONE
SELL 1 MORE LOTS AT 15730 and 1 more at 157,60 LIMIT ORDERS.....
SOLD ONE MORE LOT AT 15680
SELL ONE MORE LOT AT 15642
SOLD ONE MORE LOT AT 15622
NOTHING DONE SOFAR, THE FIGS ARE FANTASTIC OF COURSE. TOTALLY MANIPULATED TO PREVENT CRITICISM ON GORDON BROWN....... MARKET DOESN'T SEEM SO CONVINCED AT THE MOMENT. STAY PUT!
uk RETAIL SALES OUT IN 5 MIN EXPECTED +0.4 iF IT COMES OUT BETTER SQUARE 3 LOTS IMMEDIATELY, WHICH WE WILLL SELL AGAIN DURING THE SPIKE HIGHER.
I UNDERSTAND I BROUGHT US IN A TOUGH SITUATION BUT WE 'LL MANAGE!
BTW THE WAY: UNFORTUNATELY THE EXCEL P&L SHEET DOES NOT OPEN AS THE FILE WAS CORRUPTED AND I COULD NOT REPARE IT. FORTUNATELY I HAD A BACK UP UNTIL JULY 9TH. I COMPLETED THIS AND COPIED IT INTO A OPEN OFFICE CALC SHEET, WHICH I THINK IS MORE ACCESSABLE FOR EVERYONE. IN THE PAST THERE WERE ALREADY PROBLEMS WITH EXCEL DEPENDING THE OFFICE VERSION USED. I HOPE THIS PROBLEM IS OUT OF THE WAY. AS FROM TUESDAY NEXT THE NEW FILE WILL BE UPLOADED AGAIN, UPDATED AND ALL. THANK YOU
SOLD 1 MORE LOT AT 15575 GBP/YEN

Thank you dear reader for pointing me on this big fig mistake!!
BOTH ORDERS 15500 AND 15550 DONE. CURRENT POSITION SHORT GBP/YEN 4 LOTS AT 154,76 AVERAGE

Wednesday, July 22, 2009

FOR THE NIGHT: SELL GBP/YEN 1 LOT AT 15500 AND 1 LOT AT 15550 LIMIT ORDERS
GOOD NIGHT!
OK BACK. ORDER DONE AT 15415 AND JUST SOLD 1 MORE LOT AT 15445
SELL ONE LOT GBP/YEN AT 15415 LIMIT ORDER
SOPPED OUT AT 25 FOR 25 POINTS LOSS
STILL ONE LOT SHORT AT 15300....WE DON¡T GO REALLY LOWER AND IT SEEMS A BIT BIDDISH HERE PERHAPS WE LL SEE AN UPMOVE.....STOP LOSS 15325 FOR THE LAST LOT
BOUGHT ONE LOT BACK AT 152,90 FOR 60 POINTS PROFIT
ANOTHER LOT SOLD AT 153,50 GBP/YEN
BACK AGAIN, PITTY WE MISSED THAT SELL AT 15350 HIGH 15345...........ANYWAYS.
I HAVE TO GO OUT FOR AN HOUR OR SO.. IF GBP/YEN MOVES UP SELL AGAIN A LOT AT 15350 AND 15400, JUST IN CASE! KEEP STOPS A BIT FAR AWAY, EMERGENCIES ONLY!
SELL THE ONE LOT AT 15300 FOR 55 POINTS PROFIT AND ALSO SELL 1 LOT SHORT HERE
TAKE THEM AT 15245 ONE LOT GBP/YEN STOP CLOSED BUY AT 15215 BUT WE SHOULD HOLD AS WE ARE EXACTLY AT M/T SUPP LEVEL
BUY ONE LOT AT 15240 LIMIT ORDER AS i FORESEE RETRACEMENT TO 15315 AREA
CLOSE ALL 4 LOTS GBP/YEN HERE AT 15260 FOR 420 POINTS PROFIT!!
WE ARE UP 860 PINTS FOR THE WEEK NOW.....SO FAR SO GOOD....

STAY TUNED FOR NEW ENTRIES!!
I HAVE TO STEP AWAY FOR 15 MIN. KEEP SL GBP/YEN AT 15315. IF HIT THOUGH AND IT DOESN'T MOVE UP FURTHER TAKE BACK ORIGINAL POSITION.
WE SEEM TO HAVE BROKEN THE 15300 IN GBP/YEN. WE WILL TAKE PROFIT AT NEXT SUPPORT 15240 FOR THE 4 LOT POSITION. ONCE WE GET THERE WE COULD SEE A BOUNCE BACK UP, THEREFORE GO LONG 1 LOT AT THE SAME PRICE.
OK PEOPLE, I AM BACK TO BASE. NOTHING SPECIFIC IN ASIA. LET¡S SEE IF WE CAN TAKE 15300 FOR 15238 PREVIOUS LOW......HAVE A GOOD DAY
OK WE ARE SHORT 4 LOTS ON AVERAGE 153,65....
I HAVE TO GO AND REST NOW. UNTILL I AM BACK SL AT 154,15
AND TAKE PROFIT AT 152,45

Tuesday, July 21, 2009

SELL ONE LOT AT 15433
SELL ONE LOT AT 15375
FORGET ABOUT THE STOP FOR THE MOMENT, STOCK MARKET IS TANKING. JUST IF WE HIT THE 15380/90 AREA SELL ANOTHER LOT
CANCEL THE STOP FOR THE MOMENT
SELL ANOTHER LOT AT 15322 STOP FOR BOTH AT 15355 TAKE PROFIT 15250 AS I AM GOING TO REST A BIT.
SOLD ONE LOT AGAIN AT 15330
STAY PUT FOR NEW ENTRIES!!
BUY BACK HERE THE 2 LOTS AT 15330 FOR 110 + 115= 225 POINTS
SELL ANOTHER LOT AT 15445
SELL ONE LOT AT 15440
WE WILL LOOK FOR NEW ENTRY LEVELS, OF COURSE, SO STAND BY
CLOSE AT 15420 FOR 215 POINTS PROFIT
SELL OTHER LOT AT 15525
SELL ONE LOT AT 15530
STOPPED OUT AT 15522 BREAK EVEN......PITTY I WAS AWAY FOR A WHILE AS WE COULD HAVE BOOKED A NICE PROFIT. ANYWAYS WE LL LOOK TO SELL IN THE RALLY!
HI THERE, GOOD MORNING. WELL WE ARE STILL IN AND WELL IN THE MONEY. LETS MOVE OUR STOP TO BREAK EVEN AND SEE HOW SHE PLAYS OUT! SL 155,22
OK MY PUTER PROBLEMS SEEM TO BE OVER. OUR POSITION NOW IS SHORT GBP/YEN 4 LOTS AT 15522
I AM NPOT 100% SURE ABOUT THE SHORT TERM DIRECTION. TOMORROW APPLE IS GOING TO PUBLISH ITS RESULTS, WHICH IS KEY TO THE STOCK MARKET AND AS YOU KNOW:HIGER STOCKS: "HAPPY HAPPY NEWS"
AND EVERYTHING GOES UP AGST USD AND GBP/YEN AS WELL. I DO NOT WANT TO LET IT ESCAPE TO THE UPSIDE SO IN THIS CASE I DO PLACE A STOP LOSS AT 15547 SO WE LL RISK A 100 POINT LOSS IN TOTAL.

Monday, July 20, 2009

SELL ANOTHER GBP/YEN AT 15635
OK 15490 JUST HIT.. NEXT SELL AT 15550. AM GOING TO SLEP FOR A FEW NOW. SEE YOU LATER AND GOOD LUCK
JUST CHANGED MY MIND AS i FUGURED OUT GBP IS DUE FOR A HUGE DROP. THE EARNING FESTIVAL IS OVER IN THE usa AND IT'S TIME TO GET BACK TO FUNDAMENTALS. UL LOOKS TERRIBLY BAD AND HENCE IT'S CURRENCY LOOKS HEAVILY OVERVALUED. ONCE 15490 HIT NEXT SELL LEVEL 15550...THAT IS IF WE GET THERE. WE JUST BUILD UP A NICE SHORT POSITION DURING THE UPTICKS LIKE AS THIS MOMENT AND WILL ENJOY A HUGE MOVE DOWNWARD DURING THE COURSE OF THIS WEEK, CANCEL STOPS; THE RISK IS ON THE DOWNSITE. FOR THE MOMENT WE WILL SELL UPTO 5 LOTS STEP BY STEP AND TAKE IT FROM THERE

RGDS
PETER
I WOULD SELL GBP/YEN HERE 15412 AND WELL ONE MORE LOT AT 15490 WITH STOP ST 15520. I READ SOME BAD NEWS ABOUT UK ECONOMY WILL BE PUBLISHED TOMORROW. HARD TO SAY IN AS FAR THIS HAS BEEN DISCOUNTED ALREADY IN THE PRICE BUT PERHAPS NOT SO MKUCH AS IT IS STILL WEEK END. GOOD LUCK. I CAN NOT BE HERE ALL THE TIME DUE TO THE PROBLEMS BUT I WILL DO WHAT I CAN. REGARDS. PETER
STILL HAVE BIG COMPUTER PROBLRMS. SEEMS I RAN INTO A VERY BAD VIRUS.

Friday, July 17, 2009

sory to have ben away almost all day. well I wasn't away but firefox problems occured again. finally found the 3.5.1 version which has all the bugs fixed supposedly. Unfortunately, as I was a buyer at break 15300 we missed all that. Too late for new trades and still close the week with a tiny gain. Have a good w/e
Hey there over nite stop hit at 152,90.....confusing market this week...
still long 2 lots. Hold stop at the 15285/90 level although if it jumps back above 15300 re enter position. 15300 is important support level now. Hard to break but if it really does we will go much lower.

Thursday, July 16, 2009

sell 2 lots at 15420
just back. as I didn't place any stop am still in. if you did stop out retake position, have some good support in this area....terrible week sofar....
total position now 4 lots long gbp/yen at 15355
stop loss at 15345 because of risk management
buy one more lot at 15320
Buy one more lot at 15388
bought another lot at 15340
stopped out at 15350
ooops forgot to mention the stop earlier so we are still in....

buy one lot at 15375
all stoped out at 15388
hold stops close by as we have a 3 lot position at 15424 on average now.....
we buy one more lot at 153,72
Good morning,
ok we are long one more lot at 154,25
buy one more lot either at 154,25 OR 155,25 one cancells the other. Cya at London open.
square gbp/yen and go long one lot at 15475

Wednesday, July 15, 2009

short one lot gbp/yen here at 154,94 sl 155,25
for some retracement
sell other lot at 154,95 all square now
one lot sold at 15500
we finally seem to approach our s/t target at 15500 if reached sell 1 lot
buy one more lot gbp/yen at 153,04

Tuesday, July 14, 2009

for overnight, buy one more lot at 1,5220 as limit order
went long gbp/yen at 15275
it's earnings week this week and every US corp. manages to show excellent figures. Which means usd/yen up and followed of course by gbp/yen. Guess we could see 154/155 soon now. Once this earnings week is over market will return to other fundamentals like unemployment and other data.....and gbp will tank....
it's a tough market this week....
closed cable at 1,6325
closed gbp/yen at 152,70
sell gbp/yen at 15285
gbp/yen stopped out at 152,50
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keep stops rather tight..cable 16350 and yen 1525
I have to go out for a short while.
well sell gbp/yen at 15180 and cable at 16293
for tonight we will be sellers at 15225 and 15300 gbp/yen limit orders
stopped out today......we will try again tomorrow.....
good night

Monday, July 13, 2009

stop loss at 15113
sell gbp/yen at 150,60
sell one lot at 15001 gbp/yen
stopped out at break even, unfortunately, the hard and software problems ruined my whole day. Anyways no harm done
Finally back to business as usual as my puter problems are partially solved. Although this new firefox 3.5 is a true disaster!! Pitty, like this we missed some good profit taking . hold your stops at break even, so no money lost












sell another 1/2 lot at 148,50 we are short 2 lots in total now
good morning, finally back on the web. I have serious computer problrms and am now at a friend's house to give an update, OUr limits at 15000 and 15050 were hit in the Asian section and sofar so good, If you see any retracement sell out another 1/2 so we ll hold 2 lots short. I won't be much online and follow the market from my I-phone.
Regards
Good morning. I foresee a big drop in the currencies this week as well on the stock markets. It's still a bit early in the session but I sell gbp/yen 1/2 lot at 149,66
Leave order to sell another half at 150,00 half at 150,50 and half at 151,00
See you at European opening.

Friday, July 10, 2009

close all gbp/yen at 14964
all square and have a nice w/e
results are updated
stop loss for 2 gbpyen at 15030 as I go for a rest now...
sold gbp/yen at 14950
square gbp/usd at 16217
sold gbp/yen 1 lot at 15102 stop at 15160

Thursday, July 9, 2009

sell cable at 163,51 stop loss at 16370

stopped out at 152,31 enough for today!
sell gbp/yen 15203 1 lot
stopped out at 15100
for the remaining 2 gbpyen stop loss now at 15100 coz i really need a break now....
bought 2 lots gbpyen back at 150,24
sold 2 more lots at 15080
sell gbp/yen 2 lots at 15022
square 1 lot at 150,28
square 2 lots at 150,21
square 2 lots at 149,95
sell 3 lots at 15103

sell gbp/yen at 15115 2 lots
closed all gbp/yen 5 lots at 50
sold gbp/yen at 150,95
sold gbp/yen at 15090
orders done at 14940 and 14990 in gbp/yen

Wednesday, July 8, 2009

sell limits to increase short gbp/yen:
sell 14940 and 14990
sold gbp/yen at 148,90
sold gbp/yen at 14850 all square now
gbp/yen at 14820 sl
stop at 14700
bought gbp/yen at 14722
squared gbp/yen at 148,35
ok am going for a little rest now so lets put a stop at 15220 and risk 80 points......
shorted gbp/yen at 15205
have watched this cable now for 6 hours and really doesnt wanna go anywhere. It's pretty bid in fact.
I closed it at 16118
sell cable now at 16120
sold gbp/yen at 151,61
square gbp/yen 15188
short gbp/yen at 15210
square gbp/yen..and let's wait and see a bit dangerous here 15195
sell gbp/yen at 15167
graet move overnite! lets square our gbp/yen at 151,15

Tuesday, July 7, 2009

sold gbp/yen at 15313 long term trendline at 15320 broken now. We could see 15000 very soon
Square last gbp/yen at 15304
we have one gbp/yen short left at 15420. lets put a stop on that at b/e. am going for a rest now.....
squared 1 lot gbp/yen at 15358
squared cable at 1,6169
squared one lot gbpyen at 15418
squared 1 lot cable at 16193
sell cable at 1,6252
sold gbpyen at 15480
sold gbp/yen at 154,60
sell cable at 16200
sell gbp/yen at 154,20
square 2 lots at 15400
all square now
let's square 2 lots gbp/yen at 15397
square gbp/usd 2 lots at 1,6258. let's take small loss to reduce overnite exposure a bit

Monday, July 6, 2009

sell gbp/yen at 15530
sell gbp/yen at 15485
sell gbp/usd at 16266
sell gbp/yen at 15435
sell gbp/usd at 16221
sell gbp/yen at 15389
squared gbp/yen at 153,31
square cable at 16170
sell gbp/usd at 1,6194
short cable at 16260
short gbp/yen at 153,90
squared gbp/yen at 15394
gbp/yen long at 153,23 keep tight stop
stop at 15325 as I have to go out for a bit...
if 15450 hit, take profit and go short
squared at 15420 gbp/yen 2 lots

short another lot at 15500
Nice..order filled at 15590 short gbp/yen
limit order: sell gbpyen at 15590
Square gbp/yen at 15495 and cable at 16265
sell cable at 16285
gbp/yen stopped out at 15630 and shorted 1 lot

Friday, July 3, 2009

Dear reader,

This week a new record in the short existence of this blog: 1738 points! We stay long gbp/yen 2 lots ahead of an expected correction. During the rallies next week we look to sell again. We foresee gbp/usd 16000 level with gbp/yen at 150000 level. Wish you a nice w/e.
buy gbp/yen 2 lots at 15680 a a correction is due
keep stop at 15630
I cut off the last 3 at 156,73
all square now
just cut off 2 of the still outstanding 5 lots at 156,06
at 156,60
squared cable at 1,6311

Thursday, July 2, 2009

squared gbp/yen 2 lots at 156,70
stop gbp/yen at 15755 and cable 16425
sold 2 gbp/yen at 15740
sell cable at 16375
square cable at 16335
still open gbp/yen 5 lots at 15608 and 1 cable at 1,6395

p&l sheet updated!
Covered 2 lots gbp/yen (158,46) at 157,17
sold cable at 16395
Please check p&l sheet as all updated now.
I closed 3 cables (1,6390) at 1,6338
I closed 1 gbpyen (158,01)at 15795

Cable all square now
Good morning. I squared 2 cables still short at 16470 at
16390. NFP this afternoon and a number of speeches. Is going to be wild
sorry late update
closed gbp/yen at 159,01 and cable at 1,6478

Wednesday, July 1, 2009

sold 1 cable here at 16495
usdyen stopped out at 96,70

sold gbp/yen 1 lot at 15912

Tuesday, June 30, 2009

sold 2 lots cable at 1,6470
I' ll stop us out again when 15900 is breached. Try hard
to average up our bad positions, but isn't easy, the gbpyen bulls don't want to surrender.......

stay in usd/yen stop 96,70
sold 2 gbp/yen again at 158,46
Bought back gbp/yen 2 lots in the dip at 158,28
In cable still open 3 lots at 1,6390
Also square 1 lot gbp/usd which we sold yesterday at 1,6565 at 1,6445
Ok squared cable at 1,6440
stop losses:

cable 2 lots at 1,6490
usd/yen 1 lot at 96,50
gbp/yen 2 lots at 158,90
A buch of bad figures.....just what we needed
In 8 minutes Chicago pmi plus 15 min later Consumer Confidence are due for release. Keep your fingers on the buy button if they are "positive" or better said: positively manipulated.
sell usd/yen at 96,46 stop at 96,66 1 lot
be ready to sell gbp/yen again

sold at 15933 2 lots
ok gbp/yen stopped out......while cable collapsing...weird moves!
stop cable to 16550 level now
sell cable again 2 lots at 16637 stop 16665
sell gbpyen again 2 lots 15895 stop 15930
I ll have to go out for an hour or so.....
Doesn't seem to want at the moment. Cable stopped out at 16619 gbp/yen stopped out at 158,59
Truly bad figures out of UK GBP not moving much anymore. I ll keep stops very close.....so still watching
I ll keep close stops for todays new positions
sell cable 2 lots at 16723

sell gbp/yen 2 lots at 16023

Monday, June 29, 2009

overall positions now:

short gbp/yen 6 lots at 156,40
short gbp/usd 4 lots at 1,6434

sold one more gbp/yen at 158,01
sell gbp/usd at 1,6565

Friday, June 26, 2009

Dear reader.
As I have been out most of the week I decided to change the strategy for this week and take some long(er) term position. I am sorry that it didn't work out as yet.
Next week I ll do some intraday trades in order to average us up a bit. I still expect the GBP to tank and hopefully this will happen next week. The FX market is being heavily manipulated lately by a few big players or CB's or other supranational institutions. Usually economical releases that come out are reasonably good or in line with (positive) expectations. Not only in the USA but every country on the globe. All you hear is "moderately" positive. Also speeches of world/economical leaders always come out with "feel good" messages. The authoroties do everything to protect the stockmarkets this way. As a consequence markets buy just everything against USD as clearly the risk takers are out. From Euro's to Gold and from Oil to Eurobonds. It's obvious how the US buro of statistics is deceiving or lying. Homesales are still dropping (but show better due to foreclosures) and people are still losing their jobs at rapid pace. Still Personal Income increased today! The most surprising is that they get away with it and the global markets eats it like sweets. This will not last long I think and major reversals are due very soon! Have a nice week-end

sell gbp/usd at 16525

Thursday, June 25, 2009

sold another lot of gbp/usd at 1,6355
sold gbp/usd at 1,6290
Hi there, we are about to see our b/e level which is now 156,08 for 5 lots. I want to hold this position for the 15000/14800 area.

Wednesday, June 24, 2009

sell one more lot at 157,75

Tuesday, June 23, 2009