If you are looking for a great way to make money in Foreign Exchange Trading please bear with us. We are a brand new signal service, around 24 hours a day. Complete Traders: 2010

Tuesday, November 2, 2010

DUE TO PERSONAL CIRCUMSTANCES I WAS NOT ABLE ANYMORE TO KEEP UP THE BLOG. SOME OF YOU MIGHT REMEMBER THAT I ALREADY AT AN EARLIER STAGE COMPLAINT ABOUT MY LACK OF TIME.
SOON I WILL RETART THIS BLOG. i AM STILL BRAINSTORMING ABOUT THE CONTENTS. iT WILL BE SOMETHING GOOD;GIVE ME A LITTLE MORE TIME AND I LL BE BACK!

Friday, September 3, 2010

SQUARE THE GBP/YEN AT 13027 FOR 125 POINTS PROFIT
SELL EUR/CHF AT 13120 FOR 414 POINTS PROFIT
GBP/YEN STOPPPED OUT AT 13025 AND SELL AGAIN AT 13152
STOP OUT GBP/YEN AT 13025

Thursday, September 2, 2010

LET'S SELL GBP/YEN 1 AT 12974

Wednesday, September 1, 2010

AND JUST SOLD AGAIN 2 USD/SFR AT 10171 200 POINTS!
LET'S BUY USD/SFR 2 AT 1.0070

Tuesday, August 31, 2010

OK GUYS WE ARE GOING TO CLOSE ANOTHER TERRIBLE MONTH AND WITH THAT I HOPE WE CLOSE DOWN THIS WHOLE DARN SUMMER PERIOD.IT WAS LONG AND HOT AS PREDICTED.WE SAW A GENERALLY LETHARGIC MARKET WITH LOW LIQUIDITY. I EXPECT MANY OPERATORS TO GET BACK FROM THEIR HOLYDAYS THIS WEEK AND THAT MARKET WILL PICK UP SERIOUSLY AS FROM NEXT WEEK INTO THE YEAR END. WE KEEP DE 2 POSITIONS: LONG EUR/SFR AT 12913 AND SHORT EUR/USD AT 12693.
i LL UPDATE THE RESULTS IN P&L AND IT WILL BE UPLOADED TO THE BLOG AGAIN IN THE EXCEL SHEET AS NORMALLY. HAVE A GOOD WEEK END.

Monday, August 30, 2010

OK A QUESTION THAT KEEPS COMING BACK IS THE ONE ABOUT THE HOLY STOP LOSSES. USUALLY I DO NOT USE THEM AS I KEEP A LOW LEVERAGE OF 1:1 TO 1:5 ONLY RIGHT NOW WE HAVE 4 POSITIONS OUSTANDING SO THE LEVERAGE IS 1:4 I DO NOT MENTION AMOUNTS NEITHER:
IF YOU HAVE A 50K ACCOUNT "1" OR "1" UNIT MEANS 50K. A 1:4 LEVERAGE ON A 50K ACCOUNT MEANS A POSITIONS OF 200K MAX. I USED TO USE WORDS LIKE LOT, BUT THAT IMPLIED I WOULD HAVE HAD AN AT LEAST 100K ACCOUNT. E.G. BUY 5 LOTS=0.5 MIO. THAT LEAD SOMETIMES TO
REACTIONS OF JALEOUS AMD ENVIOUS PEOPLE. SO I CHANGED IT TO WHAT IT IS NOW.
USUALLY I TRADE WITH THE L/T TREND. IF I DO STOPS ARE OUT OF THE QUESTION. HOWEVER WHEN I DECIDE TO COUNTER TREND I DO USE STOPS. NOT ALWAYS I WOULD SET A FIXED LEVEL BUT RATHER LEAVE IT TO THE FINANCIAL POSIBILITIES OF THE FOLLOWERS. FOLLOWING MY THREAD INCLUDES SOME SELF THINKING TOO.
JUST MISSED THE GBP/YEN ORDER BY 10 PIPS. WAS A VERY NICE TRY......BUT UNFORNATELY:
CANCEL IT....
SELL GBP/YEN AT 13370 LIMIT ORDER

Friday, August 27, 2010

JUST BUY EUR/SFR 2 IN CONNECTION WITH POSSIBLE SNB INTERVENTION AT 13035

Tuesday, August 24, 2010

OK GUYS LET'SW TAKE SOME PROFITS HERE.WE BUY GBP/YEN AT 12989 FOR 503 POINTS PROFIT
WE BUY EUR/USD 1 AT 12623 FOR 407 POINTS PROFIT.

REMAINING POSITION 2 EUR/USD SHORT AT 12841

Thursday, August 19, 2010

SORRY SELL 2 EURO'S INSTEAD OF 1
SELL EUR/USD 1 AT 12841

Tuesday, August 17, 2010

OK I CLOSED 1 GBP/YEN AT 13315 FOR 125 POINTS PROFIT. FORGET THE ORDER
LIMIT ORDER: COVER 1 GBP/YEN AT 13300

Monday, August 16, 2010

WE STILL HAVE THE FOLLOWING OPEN POSITIONS
SHORT EUR/USD AT 13030
SHORT GBP/YEN AT 13440
SHORT GBP/YEN AT 13492
WE HAVE ANOTHER SHORT EUR/USD AT 1.3092 WEL CLOSE THAT ONE AT 12749 FOR 343 POINTS PROFIT

Sunday, August 15, 2010

SORRY GUYS FOR HAVING BEEN AWAY. MY PUTER BROKE DOWN.....IT WON'T HAPPEN AGAIN.
OK LET'S BUY BACK THAT LAST EURO WE SOLD AT 13204 AT 12760 FOR 444 POINTS PROFIT

Tuesday, August 10, 2010

SELL EUR/USD AT 13204
COVERED EUR/USD AT 13107 FOR 107 POINTS PROFIT AND CLOSED USD/YEN AT 8537 FOR 203 POINTS PROFIT
SELL EUR/USD 1 AT 13214

Friday, August 6, 2010

COVERED 2 GBP/YEN AT 13585 FOR 145 POINTS PROFIT

Monday, August 2, 2010

SELL ONE MORE GBP/YEN AT 13720
CAD/YEN STOPPED OUT WITH A 100 POINTS LOSS

Friday, July 30, 2010

SELL ONE MORE GBP/YEN AT 13593
INSTEAD OF STOPPING OUT I SOLD ANOTHER GBP/YEN AT 13492
SELL CAD/YEN AT 8316
SELL 1 MORE EUR/USD 13030
ON GBP/YEN I DO PLACE A STOP AT 13490,YOU NEVER KNOW WITH THIS ANNOYING CABLE!
SOLD GBP/YEN AT 13440

Thursday, July 29, 2010

SEEMS TO ME THAT EUR/USD IS RUNNING OUT OF STEAM A BIT. LET'S CAREFULLY START TO BUILD UP A SHORT POSITION. 1 SOLD AT 13092
WE STAY SHORT 1 USD/YEN
SELL USD/YEN AT 8740
SORY GUYS NO KING TOMORROW BUT WE WILL HAVE A FEW UK FIGS....

Wednesday, July 28, 2010

I SEE SOME DECENT BEARISH DIVERGENCE IN THE 1 AND 4H CABLE RSI. CANCEL THE ORDER.WE COULD COME DOWN FURTHER, ESPECIALLY WITH MARVIN KING SPEAKING TOMORROW MORNING. HE,FOR SOME REASON ALWAYS TALKS GBP DOWN THRU HIS PESSIMISTIC VIEW ON THE UK ECONOMY. STAY PUT!
LOOKS LIKE I HAVE MY PUTER BACK AFTER 3 DAYS OF HARD WORK.
CABLE SEEMS TO BE IN A STEADY UPTREND. 1.60 CANNOT BE EXCLUDED.
lETS TRY TO BUY AT 15565

Tuesday, July 27, 2010

ONE QUICK UPDATE.TOOK ME 10 MINUTES TO GET HERE. TRADE OF THE DAY WAS BUY GBP/SFR INSTEAD OF SELLING IS LIKE THIS SHIT GUY. ALL STOPPED AT 16340. AM ABOUT TO LOSE THE COMPUTER...WHAT A SHIT MONTH. LOST DOG LOST COMPUTER LOST MONEY
BE GOOD
SELL ONE MORE GBP/SFR AT 16630 STOP ABOVE THE OLD TOP AT 16345

AM AFRAID MY COMPUTER WILL COLLAPSE ANYTIME SOON AS THE VIRUS IS EATING ITS WAY RAPIDLY THRU THE PUTER AND NOT ONE ANTI VIRUS/MALWARE COULD FIND IT SOFAR......
I DON'T KNOW TO RE INSTALL WITHOUT LOSING DATA. ANYONE PERHAPS? IF NOT I LL BE WITHOUT A PUTER AT LEAST 3 DAYS....
GOOD LUCK
SOLD ONE MORE GBP/SFR AT 16284

HAVE LOT OF PUTER PROBS. ANY VIRUS EXPERT OUT THERE?

Monday, July 26, 2010

SELL GBP/SFR AT 16240
SRY LATE UPDATE CLOSED GBP/SFR AT 16200 FOR 150 POINTS AND LOOK FOR GOOD LEVEL TO SELL IT AGAIN AS I TINK IT SHOULD RETRACE A BIT FURTHER.
AAS I FIRST DOWNSIDE TARGET 16210. nOW WE MADE A FRESH HIGH BUT THE 14 PERIOD RSI DIDN'T.SO A NICE BEARISH DIVERGENCE KICKS IN. lET'S SEE HOW IT PANS OUT IN NY LATER.
I STAY IN THE GBP/CHF A BIT LONGER. EXIT AT OWN DESCRETION...IT'S VERY OVERBOUGHT AND SHOULD COME OFF...IMO
CHANGE STOP TO 16300
SELL 3 GBP/CHF AT 16250 STOP 16283

Friday, July 23, 2010

SORRY FOR NOT UPDATING OF COURSE THE STOP WAS DONE. ACTUALLY I FORGOT TO PLACE MY OWN SO I AM PRETTY MUCH IN PROFIT. BUT THAT DOESNT COUNT FOR THE BLOG STATISTICS SO I NOOKED IT IN THE P&L AS A LOSS. SEEMS EURO WANTS FINALLY GO TO THE 13000 LEVEL AND UP.
WELL I RATHER WAIT TILL THE 13200 LEVEL COMES IN SIGHT. FROM THERE WE WILL SELL EVERYTHING HARD, ESP AGAINST YEN....BARE WITH ME. PFFF ITS A LONG HOT SUMMER MY FRIENDS....A REAL TOUGH ONE IN MANY ASPECTS....

Tuesday, July 20, 2010

BUY EUR/USD 2 AT 12863 STOP 12825
WE SQUARED GBP/YEN AT 13200
STOPPED OUT AT 12925. SORRY FORGOT TO MENTION STOP
FOR GBP/YEN STOP AT 13200
SELL GBP/YEN AT 13233
LET'S BUY EUR/USD 2 AT 12983
SORRY SMALL MISTAKE I TOOK BACK ALL POSITIONS AT 12525 THUS LOSS 324 POINTS. I WILL UPLOAD THE LATES RESULTS SO ALL IS UP TO DATE AGAIN.
HI GUYS I AM BACK. TOOK A BREAK AND HAD SOME OTHER THINGS TO TAKE CARE OFF.
THE LAST TRADE WAS A EUR/USD 5 PIECES SHORT WHICH I TOOK BACVK EACH WITH 100 POINTS LOSS.SO 500 IN TOTAL......WE WILL WATCH NEW OPPORTUNITIES.I WOULD LIKE TO BUY EUR/USD AROUND 12800 AND SELL AT 13230.LET'S KEEPS AN EYE OUT. FOR THE MOMENT ALL SQUARE.

Thursday, July 1, 2010

SELL EUR/USD 2 MIO AT 12519
OK GOOD OPPORTUNITY I THINK
SELL EUR/USD 3 AT 12421
SORRY GUYS TOOK A FEW DAYS OFF. RESULTS:
THIS WEEK :664 POINTS
THIS MONTH :532 POINTS
1ST HALFYEAR:11269 POINTS

TRADING WILL RESUME NEXT MONDAY.

Tuesday, June 29, 2010

ORDERS: SELL GBP/YEN ONE AT 13400 AND ONE MORE AT 13500
TAKE PROFIT NZD AT 0.6960 FOR 330 POINTS
STOP NZD NOW AT 7080
SELL NZD/USD 3 AT 7070 STOP 7100

Monday, June 28, 2010

CABLE CLOSED AT 8150 FOR 170 POUND POINTS PROFIT = 255 POINTS
CLOSED EUR/USD AT 12325 FOR 60 POINTS PROFIT

CLOSE EUR/GBP POSITION AT 8150 LIMIT
HI GUYS,
WATCH YOUR STOPS IN EUR/GBP AND EUR/USD.I DON'T EXPECT MUCH TO HAPPEN THE COMING DAYS WITH THE PLAY OFFS GOING ON TILL WEDNESDAY.BUT BETTER BE CAREFUL!

Friday, June 25, 2010

OK GUYS WE MADE THIS WEEK 977 POINTS AND KEEP THE EUR/USD AND EUR/GBP OVER THE W/E
MONDAY WE ARE SHORT EUR/GBP 2 AT 8235 AND EUR/USD 1 AT 12384 AFTER REVALUATION.
THANK YOU AND HAVE A GREAT W/E. SEE YOU SUNDAY EVENING AT THE FAR EAST OPEN.
REGARDS
PETER
CABLE STOPPED OUT FOR 12 POINTS LOSS
WATCH THE EUR/GBP SHORT AT 8243
EUR/YEN STOPPED OUT AT PAR THANKS TO THAT FRIGGING EURO EVERYBODY LOVES SO MUCH....
CABLE AT RESISTANCE LEVEL RIGHT HERE. SOLD 1 AT 15013 STOP AT 25
KEEP YOUR STOP TIGHT IN EUR/YEN BREAK EVEN AT 110.43
SOLD 1 EURO AT 12344
SELL 2 EUR/GBP AT 8246 STOP 8275
WE HOLD STILL ONE POSITION OPEN,2 SHORT EUR/YEN AT 110,43
COVERED ONE EUR/YEN AT 10980 FOR 106 POINTS PROFITS
COVERED LAST GBP/USD AT 14880 FOR 40 POINT PROFIT

Thursday, June 24, 2010

COVERED THE EURO TRADE AS WELL AT 12328 FOR 56 POINTS PROFIT
WE KEEP SHORT 3 EUR/YEN STOPS AROUND THE 111.10 LEVEL....
OK GUYS I JUST COVERED THE LAST GBP/USD 1 TRADE AT 14923 FOR 61 POINTS PROFIT
WE HAVE ONE CABLE SHORT LEFT NOW
SOLD ONE EUR/USD AT 12384
OK GUYS 03.50 AM HERE GOTTA REST A BIT. kEEP A STOP JUST ABOBE THE 150I CABLE (ALTHOUGH IT SHOULD HOLD IMHO) AND TO EURO/YEN...DOWNTREND VERY MUCH IN TACT AND WILL COME OFF AGAIN. KEEP STOPS JUST ABOVE 111.10. MARKET HAS BEEN TERIBLE AGAIN ALTOUGH OVERALL WE DIDNT DO TOO BAD. lIQUIDITY,I REPEAT IS DRAMATIC AT CERTAIN HOURS OF THE DAY.I AM FED UP WITH THOSE SOCCER GAMES, APART FROM THE FACT THAT IT'S THE WORSE TOURNAMENT I HAVE EVER SEEN SOFAR. ANYWAYS WE KEEP FIGHTING! GOOD NITE AND REGARDS
PETER
SOLD ONE CABLE AT 14985

Wednesday, June 23, 2010

June 23 (Bloomberg) -- Federal Reserve officials retained a pledge to keep the benchmark interest rate at a record low for an “extended period” and signaled that European indebtedness may harm American growth.

“The economic recovery is proceeding” and “the labor market is improving gradually,” the Fed’s Open Market Committee said in a statement in Washington. Still, “financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad.”

KIND OF HYSTERICAL REACTION THIS. I SOLD ONE MORE EUR/YEN AT 11086
SELL ONE CABLE AT 14920
SELL 2 EUR/YEN AT 110.43
OK SQUARED UP THE BALANCE OF 3 EUROS AT 12256
JUST SOLD 2 EUR/USD AT 12248 FOR 14 POINTS LOSS...IT COULD GO ANYWHERE FROM HERE BACK DOWN OR 12270 BUT AS HERE IS THE PREVIOUS SUPPORT LEVEL IT CAN BE VERY TOUGH TO BREAK.
SO JUST DELEVERAGE A BIT TO BE SAFE.
HOLD YOUR STOPS TIGHT GUYS COZ THE MARKET HAS A VERY BAD LIQUIDITY THANKS TO THE SOCCER GAMES....
SO WE ARE NOW LONG EUR/USD 5 AT 12255 AS WE UNDID THE CABLE HEDGE....
COVERED 2 CABLES AT 14876 92 POINTS PROFIT
WOW IN THE SHOT GOT THEM MUCH BETTER 12236
BOUGHT 2 MORE EURO AT 12250
OK GUYS IN CABLE WE MAKE A DOUBLE TOP RES. AT 14935 FOR EUR/USD COUNTS GOOD SUPPORT AROUND 12260 IF ONE OF THEM DOES BREAK OUT STOP YOURSELVES OUT! i DON'T THINK IT SHOULD HAPPEN AS IT WOULD SET DOWNWARD PRESSURE AT EUR/GBP WHICH JUST MADE A TRIPPLE BOTTOM AND IS VERY OVERSOLD. CABLE IS VERY OVERBOUGHT BTW. TAKE CARE!
BOUGHT EUR/USD 3 AT 12268 YES WE ARE EUR LONG NOW
SQUARED OUR 5 LOTS EUR/USD AT 12270 FOR 400 POINTS PROFIT....
SOLD ANOTHER CABLE AT 14910
COVERED 3 EUR/USD AT 12267
SQUARE EUR/YEN AT 110.71
SELL ONE CABLE AT 14935
JUST SOLD EUR/USD 2 AT 12267
JUST SOLD EUR/YEN 1 AT 11095

Tuesday, June 22, 2010

JUST COVERED THE 3 EUR/GBP AT 8320 FOR 156 STG POINTS

Monday, June 21, 2010

STOP EUR/GBP TO BREAK EVEN
SOLD 3 EUR/GBP AT 8372 STOP 8390

Friday, June 18, 2010

AND ANOTHER FAILURE TO GET OUT OF NASTY POSITIONS. EUR/SFR STOPPED OUT AT 13725. WHAT A DRAMATICALLY BAD MARKETS THIS WEEEK THANKS TO THE SOCCER GAMES....I DON'T EXPEC T IT TO BE MUCH BETTER NEXT WEEK.
SEE YOU MONDAY
JUST BOUGHT EUR/SFR 5 MIO AT 13755 STOP AT 13725

Thursday, June 17, 2010

EUR/AUD SOLD AGAIN AT BREAK EVEN 14265
Why are we surprised by a ‘good’ Spanish auction?
By Jamie Coleman || June 17, 2010 at 13:35 GMT

The ECB is buying euro government debt with both hands and vows to do more…

The next headline is ‘market relief’ that the Spanish auction went okay.

The logic is a bit circular to me. How can the auction go badly if the central bank is in the market keeping a bid under it? Of all the reasons for the euro rally, THAT one is the weakest, to me......

I CAN'T AGREE MORE!
BUY 5 EUR/AUD AT 14265 THI MEANS WE SWAPPED A EUR/USD 5 MIO SHORT INTO AN AUD/USD SHORT
OUR AVERAGE SHORT ON 5 EUROM IS 1.2238 nOW WE DEVIDE 12238/14265 GIVES US A SHORT IN AUD/USD AT 0.8579 FOR THE AMOUNT OF AUD 6 MIO
BOUGHT 2 GBP/YEN AT 13457. PLEASE PLACE STOP AT 13425 AS GBP/YEN VERY VOLATILE

Wednesday, June 16, 2010

2 CABLES COVERED AT 14737 BREAK EVEN
HI GUYS,ALTHO STOPS WERE JUST HIT,I PERSONALLY DID NOT PLACE THEM,SO I AM STILL IN.
I OFTEN RECEIVE THE QUESTION WHY NOT PLACING STOPS. STOP LOSSES HAVE THE PROPERTY OF USUALLY BEING DONE,AFTER WHICH THE PRICE GOES BACK YOUR WAY.LAST NIGHT WAS A GREAT EXAMPLE ONCE AGAIN.I KNOW SOMETIMES YOU GO FLAT ON YOUR FACE BUT IF YOU OFF SET THAT AGAINST THE NUMEROUS TIMES YOU WERE STOPPED OUT FOR NOTHING IT'S CLEAR THAT THE LATTER IS THE MOST ECONOMICAL OPTION BY FAR,QUOD ERAT DEMONSTRANDUM.CONDITION IS OF COURSE THAT YOU ARE NOT OVERLEVERAGED LIKE ABOVE 1:10
STOPS AT 12350 AND 14840
IF DONE I LL TAKE A BREAK FROM TRADING.NO CLUE WHATS GOING ON HERE,IT'S CLEAR CENTRAL BANKS PLAYING GAMES IN THE BACKRGOUND AND NO OPEN MARKET INTERVENTION.IT'S ANYYONE'S GUESS WHERE WE WILL BE HEADING FOR.I ASSUMKE 124/125 OR WHO KNOWS WHERE, THE MOVE GOES AGAINST ALL FUNDAMENTALS AND TECHNICALS, I CAN'T BEAT THIS. SORRY FOR THAT....AND I CERTAINLY WILL NOT TRADE AGAINST FUNDAMENTALS AND MANIPULATIONS. SORRY. THANKS.

Tuesday, June 15, 2010

DONE AT 12285
SOLD ONE MORE EUR/USD AT 70 AND LIMIT ORDER TO SEL ONE AT 85
EURO STOPPED OUT AT 12270 AND RE ENTERED AT SAME PRICE
AGAIN BAD NEWS FOR UK AND EURO, MARKET DROPPED QUICKLY BUT SOME DARK FORCES BOUGHT IT UP RIGHT AWAY...FOR STOPSS I RECOMEND 14788 AND 12270
2 CABLE SOLD 14737
SELL 2 CABLE ON A BREAK OF 14738 SELL STOP ORDER

Monday, June 14, 2010

SOLD 3 EURO AT 12212 GREEK BONDS DOWNGRADED TO JUNK BY MOODY'S
STOPPED AT 14753
SELL 3 CABLE AT 14721
OK GUYS I SQUARED THE ENTIRE SHORT POSITION AT 12195 TAKING A RECORD 1000 POINTS LOSS.
I REEALLY UNDERESTIMATED THIS EUR/USD CORRECTION BUT AS YOU CAN ALL SEE I8TS ONE STEP BACK AND 3 FORWARD. THERE IS NO DOUBT THAT EUR/USD WILL GO TO 118/115 LATER BUT WHAT I DO NOT KNOW IS FROM WHERE. KEY RESISTANCXE LEVEL HAVE BEEN BROKEN WITH EASY ALL ALST WEEK AND TODAY. SNB INTERVENTION LOOMS ALL THE TIME. MARKETS ARE VERY THIN AND ILLIQUID (-75%)MR BROKER TOLD ME THANKS TO THE SOCCER GAMES. WE MISS TWO WAY TRADING. SO WE COULD GO TO 12500 FIRST. UNDER THE CISCUMTANCES EVERYTHING SEMS POSSIBLE FOR THE MOMENT. REALLY, MY WORST TRADE SINCE I STARTED SINCE APRIL 2009. SORRY!
TOTAL POSITION SHORT 10 EUR/USD AT 12095
ORDER DONE. 2 EUROS SOLD AT 12205
LIMITE ORDER: SELL 2 EUR/USD AT 12205
SELL ONE EURO/USD AT 12192

Friday, June 11, 2010

HI GUYS HAVE DONE THE BOOK KEEPING AND REVALUATE OUR 7 LOT EUR/USD POSITION AT 1.2050
WHICH WILL BE OUR OPENING POSITION MONDAY.IN SPITE OF VERY DIFFICULT WEEK THE RESULT IS STILL A BIT POSITIVE: 201 POINTS
THANK YOU AND HAVE A NICE W/E
OK GUYS AT 14515 SQUARE IN CABLE FOR 354 POINTS
OK GUYS SO FAR SO GOOD IN CABLE.SUPPORT KICKS IN IN THE 14515/20 AREA WHERE I SUGGEST TO TAKE PROFIT. AT LEAST LOCK IN 100 POINTS PROFIT SO IT MAKES SENSE TO WATCH THE 14592 LEVEL CAREFULLY.OR YOU COULD CLOSE NOW FOR A NICE PROFIT. IT'S UP TO YOU. SEE YOU LATER
BRING STOP LOSS IN CABLE TO BREAK EVEN (14692)
SOLD 2 CABLE AT 14692 stop 14717

Thursday, June 10, 2010

SELL ONE MORE LOT AT 12099
CABLE STOPPED 36 POINTS LOSS
SELL 2 CABLES AT 14592 STOP 14610

Wednesday, June 9, 2010

CLOSED EUR/GBP AT 0.8257 FOR 156 POUND POINTS= 230 $POINTS
LIMIT: EUR/GBP TAKE PROFIT AT 0.8259 OR BETTER
SOLD ONE MORE EURO AT 12058
ORDER DONE AT 1.2000

Tuesday, June 8, 2010

LIMIT:SELL 1 MORE EURO AT 12000
SELL ONE MORE EUR AT 11965
CABLE SQUARED AT 14400 FOR 132 PINTS PROFIT
SOLD 3 EUR/GBP AT 8309
SOLD ONE EURO AT 11955
JUST SOLD 1 MORE EURO AT 11924
SELL EUR/USD AT 11920
BOUGHT BACK 1 CABLE AT 14476 FOR A 75 POINTS PROFIT

Monday, June 7, 2010

SELL 1 CABLE AT 14551
1 CABLE SOLD AT 14495
SOLD ANOTHER CABLE AT 14420
LIMITE :SELL 1 EURO AT 12010
SELL 1EURO AT 11932
LIMIT: SELL 1 MORE AT 14495
I SOLD 1 LOT CABLE AT 14431

Sunday, June 6, 2010

OK GUYS STOPPED OUT AT 11950 FOR 100 POINTS LOSS. LET STAY SQUARE FOR THE NIGHT. SITUATION NOT CLEAR FOR THE MOMENT

Friday, June 4, 2010

OK GUYS HAVE REVALUED THE LONG EUR/UDS POSITION AT 1.2000 LET'S KEEP A STOP IN AT 1.1950 ALTHOUGH I HAVEN'T TURNED BULLISH AT ALL I DO THINK WE ARE IN HEAVY OVERSOLD TERRITORY AND I EXPECT A REBOUND TO THE 12100 LEVEL AT LEAST FROM WHERE WE WILL START SELLING AGAIN FOR A FINAL DIP TO THE 1.1500 LEVEL. RESULT FOR THE WEEK 213 POINTS ONLY.
BUT SEEN THE SHORT AND NASTY MOVES ON TUESDAY I AM NOT UNHAPPY WITH IT. LOT OF BLOOD IN THE STREETS THIS WEEK. THANK YOU AND HAVE A NICE W/E
WE BOUGHT EUR/USD 2 AT 11985
OK GUYS A LIMIT ORDER:
BUY EUR/USD 2 AT 11985 IF DONE STOP AT 11950
SORRY FOR THE BIG FIGURE TYPO GUYS SL HAD TO BE 1.2073
STOPPED OUT AT 12073 FOR A 60 PIP LOSS
OK LET'S BUY EUR/USD 2 LOTS AT 12103 STOP FIRM AT 12173
LIMIT ORDER: SELL EUR/USD 2 AT 12250

Thursday, June 3, 2010

Spain's Dropout Generation



Jaime Levy Moreno
[Ed. Note: This article originally appeared on the indispensible Mises.org website on Tuesday, June 01, 2010.]

In the last two decades in Mediterranean Europe, and especially in Spain, a new social group has emerged, called jovenes (youngsters). Members of this group exhibit several specific characteristics. First, jovenes are usually male, aged 25-35, although some members are in their 40s. Second, they are in a perpetual state between graduation and their first job. Third, they usually live with their parents to save money, allowing them to go out at least three times a week. Fourth, they occasionally work a part-time job - if only due to the pressure imposed by their parents. Last, and most important, they receive unemployment benefit credits and renew their membership on the "unemployment list" from time to time, so that the state subsidies don't run out during their "temporary" hibernation.

It would be very unfair to put all the blame on them for their lack of initiative. They play a vital part in what is called the "Atlas generation." They have the weight of the world on their shoulders, and they are going to be the ones in charge of paying for the economic sins of their parents. It is important to analyze the reasons why this social group has appeared, what the situation is like today, and what the consequences will be of this phenomenon in the future.

For the last ten years, and especially since the recent financial crisis started, Spanish unemployment has risen astronomically, reaching a record of around 20%. This, of course, does not count the thousands of illegal immigrants, who don't appear in the official state statistics.

Aside from the vast number of unemployed, another significant group of people work in part-time jobs with "garbage contracts" or very low salaries. Members of this group are called mileuristas (those who earn only €1,000/month). This group appears above the jovenes in the social pyramid. Mileuristas normally live at home and dream of becoming economically sufficient eventually, or they live in cheap rented apartments funded by state money, which comes directly from taxpayers' pockets.

Finally, we find a smaller group at the top of the pyramid. This group is formed by either a lucky few, or in some cases, hardworking and generally outstanding young people. This group has very decent jobs (normally around €2,000/month starting salary) and are the sons and daughters of wealthy families that normally receive a more-or-less high-quality private education. They end up employed in the family business or in some firm where their parents or family members have contacts.

Outside of this pyramid we will also find a group of people that decide to study for an "oposición" (state exam) in order to work for the government. Depending on the complexity of their education, and their success on the exam, they will end up working for the first time between the ages of 26 and 35 and will be decently, or even very well paid, for the rest of their lives.

It is also very important to give special attention to the number of years that people are called "students" in Spain. The quality of a university graduate has been devalued in recent years to the point where an employer will no longer be impressed at all by an undergraduate degree in a job interview. Consequently, at least a master's degree or some kind of postcollege specialization accompanied by proficiency in at least three languages is demanded. This, of course, means more years spent as a student and, for the most privileged ones, a year or two living and exploring foreign languages abroad.

Not so long ago in Spain, it was an honor to have a college degree and even more prestigious to hold a graduate degree, which only a few people could achieve due to the expense and hard work that it involved. Now it is almost free to study in a Spanish public university. This is viewed as a great accomplishment that gives opportunities to people from lower classes, who will sometimes end up forming part of the group of "hard working and outstanding young people." But, to be honest, this group is quite small. The effort to make it easier to be a student is largely a way for the government to lower the unemployment rate.

In order to explain why it is so hard for recent graduates to obtain a decent job in Spain, it is important to know that labor costs are very high for employers - a consequence of strict laws that protect workers. Four weeks' vacation a year is the mandatory minimum. An artificially high minimum wage places a floor under the supply of workers and the demand for jobs, creating a devastating imbalance. This means there is a huge demand for jobs and little desire on the part of employers to fulfill it.

Additional reasons for the lack of job offers in Spain include the excessive finiquito, the final pay a worker is entitled to under Spanish law when fired: 45 days of salary for each year worked at the company. Furthermore, taxes on employers are very high - at least a 50 percent of each worker's annual salary, which means that if someone is paid €20,000 a year, it costs their employer at least €30,000 a year to hire them. All this makes an employer very reluctant to hire an employee, which creates a high rate of unemployment and a huge number of "garbage contracts." These taxes also promote black-market activity, which either sidesteps the established rules or ignores them altogether.

The taxes on employee wages are very high as well, which brings us back to the mileurista social status. These taxes create a substitution effect: firms have become desperate for new technologies to reduce labor inputs. One recent example in Spain is McDonald's move to start substituting workers with new machines that take the order for the customer, reducing the number of workers. The goal is to leave only two sets of employees - the ones in the kitchen and ones that hand the food to you at the counter.

Spain's misfortunes have been complicated since joining the eurozone. The ability to obtain very low interest rates to borrow money - the same interest rates as in more powerful and savings-oriented economies like Germany - worked as an incentive for companies to borrow money for infrastructure and housing construction. Around 800,000 houses have been built each year in Spain, more than France, Germany, and England combined. This meant a surge in the supply of jobs in construction industries. Unfortunately, this demand for labor was met mostly by immigrants who now find themselves unemployed with few possibilities. Huge loans to finance this housing boom, especially from the Spanish "cajas" (saving banks) now cannot be paid back and have resulted in a huge government bailout.

As a result, the Spanish government has undertaken an increasingly large debt, financed by the continual issuance of new bonds. This borrowing has strained Spain's public finances, lowered its bond rating, and reduced the demand investors have to continue funding this deficit spending.

At the same time, the bust has caused a severe decline in tax receipts, especially in taxes like the IVA (value-added tax). Consequently the state has received less income and in response is now increasing consumption taxes to cover the shortfall (effective next month). These increased taxes will, in the end, translate to less spending and more constrained profits for all producers. They will also make Spain a very unattractive place for companies worldwide to start or continue their business.

All these effects will ultimately mean more unemployment, which takes us back to the young "Atlas generation." Ironically, many members of this generation have complete faith in the government to take care of all these issues for them. They choose to stay at home until they are middle-aged and delay getting married and creating a family until their mid-to-late 30s. They also have an increasingly huge debt issue, which they will eventually have to take care of.

If current trends continue, within a few short years in Spain each employee will have to pay for one pensioner on social security. Only 40 years ago, ten employees took care of one pensioner through their social-security contributions. The Atlas generation, by putting off marriage and children, has worsened this worker-pensioner imbalance. The yearly rate of births per fertile woman in Spain is only 1.2, one of the lowest in the world, and it will likely decline in coming years.

The only way to solve this problem would be to lower taxes, especially employment taxes, dramatically. Doing so would encourage employers to offer more jobs and employees to have larger families. Unfortunately, this option isn't of much interest for the politicians in Spain, who prefer to maintain the socialist status quo regardless of which political party is in power.

Jaime Levy Moreno,
for The Daily Reckoning
AND THE BALANCE DONE AS WELL AT 12175 FOR 338 POINTS PROFIT IN TOTAL. WE WILL LOOK FOR NEW RALLIES TO SELL IN TO AHEAD OF THE NFP TOMORROW
STOP PROFIT FOR THE REMAINDER AT 12175. 340 POINTS LOCKED IN NOW....
EUR/USD 3 DONE AT 12175
LIMIT ORDER: AT 12175 BUY BACK 3 EUR/USD
ORDER 12325 DONE TOO
ONE ORDER DONE AT 12275
2 LIMIT ORDERS:

SELL 1 EUR AT 12275
SELL 1 EUR AT 12325

Wednesday, June 2, 2010

SELL 1 MORE EURO AT 12237
SOLD 2 EURO AT 12188
AND STOPPED OUT AGAIN...WHAT A MARKET....REMAIN SQUARE FOR THE MOMENT.
THINK WE IN SOME KIND OF SIDEWAYS CONSOLIDATION WITH SOME BIAS NORTH. tREND STILL VERY BEARISH.FOR THAT REASON HOLD A STOP AT 12230 JUST IN CASE.BE BACK LATER
COVER3 EUR/USD AND GO LONG 2 AT 12231
STOP LOSS AT 12280 FOR 3 EUR/USD AS I AM NOT CONVINCED ABOUT DIRECTION WITH CABLE MOVING HIGHER AGAIN......
CABLE STOPPED OUT 14690 PAR

Tuesday, June 1, 2010

LOWER STOP IN CABLE TO B/E SO 14690
AS WE NEVER KNOW,AS AN EXCEPTION,PLACE A STOP ON CABLE, FOR ME 14730
wELL WITH THE uk NOT BEING DOWNGRADED THE US DOESN'T NEED TO BE QUESTIONED ABOUT AN EVENTUAL DOWNGRADE AS WELL.PURE POLITICAL GAMES BEING PLAYED HERE!
SELL 1 CABLE AT 14690
SELL 1 MORE EUR/USD AT 12325
WHAT ON EARTH HAPPENED? WELL JUST FIGURED OUT, WAY TO LATE, THAT RATING AGENCIES CONFIRMED UK DEBT AT AAA, WHILE A DOWNGRADE WAS MORE OR LESS DISCOUNTED IN THE MARKET.
THE RESULT IS THAT CABLE DRAGS EUR/USD UP, WHICH DRAGS EUR/YEN UP, WHICH CAUSES GBP/YEN BUYING!196 POINTS LOSS THANKS TO THAT CRAZY DECISION!!
EUR/YEN CLOSED AT 11200
SELL ONE MORE EUR/USD AT 12220
SELL ONE EUR/YEN AT 11136
ALL DONE AT 110.80 WE SOLD 1 EUR/YEN
IN EUR/YEN I WAS PAID ON MY 11080 OFFER.....NOT SURE IF ALL OF YOU GOT FILLED THOUGH.....
SELL EUR/YEN AT 110.80
HOPE WE RETRACE A BIT FURTHER AHEAD OF NY OPEN.AM LOOKING TO SELL EUR/YEN ON ANY RALLY. STAY PUT.
COVERED THAT CABLE AT PAR, I DONT LIKE IT, TO MUCH EUR/GBP GAME AGAIN.
AS I SAID EARLIER IF 12150 BREAKS SELL! MY STOP SELL DONE AT 12142
EUR CLOSED AT 12156
WATCH THAT 12150 ALL TIME LOW THIS YEAR CLOSELY. IF HOLDS WE WILL REBOUND AGAIN. IF BREAKS TRY TO SELL MORE FOR MOVE TO 11800
1 EURO SOLD AT 12266
I CABLE SOLD AT 14505

Monday, May 31, 2010

HI GUYS, I JUST CREATED A DONATION BUTTON.AS SOON AS I RECEIVED ENOUGH GRATITUDES I WILL CHANGE THE BLOG AND IMPROVE IT AS MUCH AS I CAN. REMEMBER THIS IS A FREE BLOG
AND I KNOW A FEW OF YOU THAT MADE A LOT OF MONEY THANKS TO IT.....
THANK YOU
PETER RIS
OK, FORGOT THAT TODAY IS BANKING HOLIDAY IN BOTH USD AND UK. NO DEALINGS TODAY.
CYA TUESDAY AGAIN.

ABOUT THE MIGRATION OF THIS BLOG TO WORDPRESS PLUS NEW EMAIL FUNCTIONS I HAD SO FAR JUST ONE REACTION GUYS!I REALLY HAD EXPECTED A BIT MORE. I KEEP WAITING......

Saturday, May 29, 2010

READING THE LAST POST IT SEEMS WE MUST TRY TO GET SHORT IN EURO OR AUD AT A DECENT RATE SUNDAY EVENING. I AM AFRAID WE WILL OPEN WITH A DOWN GAP. ALTHOUGH THE DOWNGRADE OF SPAIN IIS NOT THAT SEVERE IN TERMS OF QUALITY OF THEIR DEBT IT WILL ADD TO THE WHOLE OF THE EUROPEAN CRISIS.LETS WAIT AND SEE AT THE AUSTRALIAN OPEN TOMORROW.
from Ashraf Laidi

And so the Spain downgrade is the fundamental catalyst for the high profile failure by US indices to regain their much-scrutinized 200-day moving averages. Such was also the catalyst that prevented EURUSD from regaining the key $1.2440s trend line resistance. On Thursday, the Dow-30 had its worst May performance since the 1960s. A day a later, it was the worst May since 1940s. But stocks have yet to close below the May 6 lows, an occurrence which could trigger the next level of the sell-off in AUD and EUR below 0.80 and 1.21.

Friday, May 28, 2010

OK GUYS WEE RESULT 1764 POINTS AND MONTH RESULT A RECORD OF 4491 POINTS
MONDAYS ARE USUALLY QUIET TRADING DAYS AND ESPECIALLY THIS ONE AS IT'S 31ST OF MAY
TRADING RESUMES 1ST JUNE UNLESS I SEE AN OPPORTUNITY I CAN'T RESIST.

I RECEIVED SEVERAL MESSAGES ABOUT THE EMAIL FUNCTION. THE POINT IS THAT WITH BLOGGER(GOOGLE)SOFTWARE IT'S VERY HARD TO FIND AN EMAIL SOLUTION. IMAGINE I WOULD HAVE SAY 1000 SUBSCRIBERS AND DO 10 UPDATES A DAY. THAT WOULD IMPLY SENDING OUT 10.000 EMAILS PER DAY.NOW IMAGINE MANY MORE BLOGGERS START DOING THIS.THE SERVERLOAD WOULD BECOME TOO HIGH. THERE ARE A FEW PAID FOR SERVICES BUT DIFFICULT TO APPLY TO BLOGGER BLOGS. IT IS MY INTENTION NOW TO MIGRATE THIS WHOLE BLOG TO A WORDPRESS BLOG, WHICH OFFERS MORE PLUG IN POSSIBILITIES,ALTHOUGH AT A PRICE.TODAY I REQUESTED A BEFRIENDED WEBMASTER TO MAKE ME AN OFFER FOR THIS WHOLE MIGRATION PLUS EMAIL SERVICE AS I DO NOT KNOW HOW TO DO THAT MYSELF.ANYWAYS I THINK WORDPRESS BLOGS ARE NICER, CLEANER, TIGHTER THAN BLOGGER,WHICH IS VERY LIMITED TOO.IF YOU HAVE ANY IDEAS OR SUGGESTIONS PLEASE DO NOT HESITATE TO CONTACT ME AT RISPETER@GMAIL.COM
wISH YOU ALL A NICE W/E AND CU NEXT WEEK.
REGARDS
PETER
OK GUYS LETS WRAP UP THIS WEEK AND THIS MONTH:
CLOSE EUR/USD AT 12368 7 POINTS LOSS
CLOSE GBP/USD AT 14479 66 POINTS PROFIT
SOLD EUR/USD AT 12361
I WAS JUST TOLD BY A SMART READER THAT THE ACTUAL RESISTANCE LEVEL IN EURO IS AT 12450 AND NOT 12430. REWATCHING MY CHART AND OTHER INFO I AM AFRAID I MUST CONFESS THAT IS CORRECT.A BAD MISTAKE ON MY END.SORRY FOR THAT GUYS......I HOPE WE WILL RETEST THE HIGHER LEVELS AGAIN IN NY AND I WOULD BE A SELLER AT 12450.SO ISF WE APPOROACH THIS LEVEL AND IT SEEMS TO BE HOLDING SELL 1 EUR AT THAT LEVEL.
OH OOOOH, I REALLY GOT CAUGHT HERE LIKE A ROOKIE!DAMN,LOL.STILL NOT SURE IF THIS LITTLE UPTREND IS OVER.ONCE WE GO BELOW 12400 I'LL CONSIDER SELLING AGAIN.
WE STAY SHORT CABLE THOUGH
WE STAY CABLE SHORT AT 14545 FOR THE MOMENT.WE WILL BE LOOKING FOR BETTER LEVELS TO SELL EUR/USD LATER
STOPPED OUT AT 12432 FOR 210 POINTS LOSS
RETURNED SOONER AS EXPECTED. WE ARE TESTING THE RES.LEVEL.KEY RESISTANCE AT 12430
IF BROKEN STOP OUT!
HI GUYS,I WON'T BE IN TOMORROW MORNING EUROPEAN TIME. KEEP AN EYE OUT AT 12410 HOURLY RESISTANCE.IF IT BREAKS CUT OUT.I THINK IT SHOULD HOLD AS THIS REACTION UP TODAY IN ONLY NECAUSE CHINE ANNOUNCED TO STAY IN THE EURO BOND MARKET.LOGICALLY!IF YOU ARE THE BIGGEST PLAYER IN A MARKET YOU CANT'T WITHDRAW WITHOUT DAMAGING YOURSELF HEAVILY!
PEOPLE HAVE WEAK NERVES THESE DAYS.

Thursday, May 27, 2010

1 EURO SOLD AT 12362
1 CABLE SOLD AT 1.4545
1EUR/USD SOLD AT 12292
I DO HOPE YOU FOLLOWED THE ADVICE AS MENTIONED IN THE LAST POST AND PLACED SOME STOPS.
TREND EUR STILL VERY MUCH DOWN BUT OBVIOUSLY EUR/GBP TOO.A BIG SELL ORDER EUR/GBP SEEMS TO HAVE BEEN EXECUTED OVER NIGHT. I STOPPED OUT CABLE AT 14400 WITH 15 POINTS LOSS AND BOUGH 3 EURO/USD AT 12220 FOR 190 POINTS PROFIT IN TOTAL. ALL SQUARE NOW AND LET'S SE WHAT NEW YORK SESSION BRINGS US.

Wednesday, May 26, 2010

PLACE SOME STOPS ON ALL POSITIONS DEPENDING YOUR RISK TOLERANCE. ALWAYS CHANGE ON SOME SORT OF INTERVENTION IN EUROPEAN MORNING. STAY ALERT!

Tuesday, May 25, 2010

CABLE AT 14385 DONE
SELL ONE LOT AT 12320
2 EUR/USD DONE AT 12265
LIMIT ORDER:SELL ONE CABLE AT 14385
LIMIT ORDER: SELL 2 EUR/USD AT 12265
COVER LAST EURO AT 12198 FOR A 352 PPOINTS PROFIT
VOVER CABLE AT 14313 FOR A 137 POINTS PROFIT

ALL SQUARE FRO THE MOMENT
1 EURO COVERED AT 12303 FOR 247 POINTS PROFIT

Monday, May 24, 2010

1 EURO COVERED AT 12337 FOR 213 POINTS PROFIT
COVER 7 EUR/USD T 13437 FOR 791 POINTS PROFIT

Friday, May 21, 2010

HI GUYS WHATTA RTERRRIBLE WEEK IT WAS.FOR THE MOMENT THE CENTRAL BANKS AREE WINNING.I HAD EXPECTED SOME RESISTANCE FROM THE MARKETS,BUT DISAPPOINTINGLY MOST HAD THELMSELF
EXECU8TED AT THE SLAUGHTER HOUSE.BIGGEST DAMAGE WAS DONE IN EUR/USD WHICH I REVALUED
AT 1.2550 FOR 10 UNITS AND ONE CABLE AT 14450. I HAD MY EMERGENCY STOP IN SWISS AT 14150 SO ALSO I BIG LOOSER. AM AFRAID I UNDERESTIMATED THAT PAIR AS OBVIOUSLY THE WHOLE MARKET HAD THE SAME POSITION AS WE HAD SEEN THE EASYNESS IT WAS BROUGHT UP:NOT THE SLIGHTEST ACT OF RESISTANCE.A DISAPPOINTING WEEK HOWEVER WITH A 738 POINTS LOSS(WHICH IS SLIGHTLY FLATTERED!)NEXT WEEK BETTER.
HAVE A GOOD ONE AND BEST REGARDS
PETER

Thursday, May 20, 2010

SELL EUR/USD 5 AT 12571
ATRUE BATTLE AGAINJ TODAY OF MARKET VS EU. AGAINM INTERVENTION GOING ON AT THE MOMENT. EVENTUALLY IT WILL LOSE IT'S EFFECTIVITY AND MARKET WILL COLLAPSE AGAIN....
SOLD 1 CABLE AT 14320
OK GUYS LET'S TAKE BACK THE LAST EUR/YEN AT 11165 FOR A 121 POINTS PROFIT AS I HAVE TO DELEVERAGE A BIT.
CLOSED 1 EUR/YEN AT 11236 FOR 153 POINTS PROFIT
2010.05.19
By Ashraf Laidi

ECB Intervention is inevitable, Gold set to catch down with other commodities & Aussie to way down under

Since neither the 750 bln IMF/EU/ECB package nor Germanys announcement to ban naked shorts succeeded in alleviating selling in the euro, coordinated central bank intervention to support the single currency is inevitable. Such action will unlikely reverse the euro's slide, but may help resurrect a 2-way market in the currency and slow down the damage.

Wednesday, May 19, 2010

1 EURO SOLD AT 12425
SELL EUR/YEN AT 11389
LIMIT ORDER:SELL EUR/USD 1 AT 12425
HI GUYS A LITTLE UPDATE FROM THE BRIDGE. UNFORTUNATELY WE SAW TODAY 3 ROUNDS OF INTERVENTION BY THE SWISS NATIONAL BANK. I HOPE YOU REMEMBERED MY FRIDAY ADVISE AND STUCK A STOP FITTING WITHIN YOUR RISK PARAMETERS.FORTUNATELY I WAS ABLE TO SWUARE THE EUR/YEN JUST BEFORE THE PARTY STARTED AND SOLD AGAIN AT A MUCH HIGHR LEVEL, ALTHOUGH WE ARE NOT ION PROFIT ON IT. OUR EUR/USD POSITION IS NOW 4 PIECES ON AVERAGE 12330 THERE ABOUT. MRS MERKEL DECLARED THE WAR TODAY TOWARDS THE FINANCIAL MARKETS AND SHE IS DETERMINED TO WIN THIS.WELL IF YOU THINK YOU CAN BUCK THE MARKET THE MARKET WILL BUCK YOU.ALSO PROHIBITTINNG SHORTING GERMAN BONDS IS ONLY A SIGN OF WEEKNESS. WE COULD SEE SOME MORE CORRECTION /CONSOLIDATION BUT IT IS JUST A MATTER OF TIME WHEN THE SELLERS COME BACK TO PUNISH MERKEL AND HER OTHER STUPID EU COLLEAGUES.
REGARDS
PETER
SOLD EUR/USD AT 12339
SOLD EUR/YEN AT 11286
SELL 1 EURO AT 12269
LETS COVER THE EUR/YEN AT 11157 FOR 310 POINTS PROFIT

Tuesday, May 18, 2010

HI GUYS,SO FAR SO GOOD. STAY WITH YOUR SHORTS AND IF ANY RALLY I'D PREFER TO AD FROM NOW ON.I HOPE,FINALLY,THAT THIS EUR/CHF CROSS WILL CRASH ONE OF THESE DAYS.
MY FINAL TARGET ON EUR/USD I SET NOW AT 115.00 THIS WON'T GO WITHOUT ANY RETRACEMENT I AM AFRAID BUT WATCH KEY SUPORT LEVEL 12170 TO BREAK.

Monday, May 17, 2010

SELL EUR/YEN AT 11467
OK BOUGHT BACJ USD/CHF AT 11346 FOR A 122 POINTS PROFIT. ALSO SOLD 2 EUR/USD AT 12348
EUR/USD STOPPED OUT AT 12350, 75 POINTS PROFIT
SELL 2 USD/SFR AT 11407
NICE DROP THE LAST FEW HOURS.ADJUST YOUR STOPS GUY TOWARDS 12350

Sunday, May 16, 2010

GOOD EVENING GUYS. NOTHING HAPPENED THIS W/E IN EUROLAND,SO THE CRISIS DOESN'T GET CLOSER TO A SOLUTION.THERE IS TALK GERMANY WANTING TO LEAVE THE EURO AND ALSO THERE IS TALK US RATING AGENCIES WANTING TO CUT FRENCH DEBT.EITHER WAY DOESNT LOOK GOOD FOR EURO.WE MAINTAIN OUR STOP.ALSO KEEP A CLOSE EYE ON THE EUR/CHF POSITION AS SNB CAN ALWAYS INTERVENE,SO PLACE A STOP ACCORDING TO YOUR OWN RISK PARAMETERS.UNFORTUNATELY I HAVE TO MAKE A VERY SHORT TRIP TO MALLORCA TOMORROW EARLY MORNING, A 30 MINUTES FLIGHT.I HOPE TO BE BACK TO BASE UPON THE NY OPENING.GOOD LUCK AND WATCH YOUR COURSE!
http://www.telegraph.co.uk/news/worldnews/europe/germany/7729082/Germans-turn-against-the-EU-as-eurozone-meltdown-heaps-misery-on-Angela-Merkel.html

Saturday, May 15, 2010

NEW FEATURE ON COMPLETE TRADERS BLOG.NOW SUBSCRIBE AND RECEIVE AN EMAIL ON EVERY UPDATE.ON THE TOP RIGHT HAND SIDE YOU WILL FIND THE SUBSCRIPTION LINK.
THANK YOU FOR SUBSCRIBING

Friday, May 14, 2010

OK GUYS, JUST CLOSED THE BOOK. WE GOING TO KEEP 5 EUR/CHF SHORT AT 14015 AND 1 EUR/USD SHORT AT 12425 AFTER REVALUATION STOP AT 12475, NOTHING ON EUR/CHF
RESULT OF THE WEEK:+1185
THANKS AND HAVE A GOOD W/E
STOP EUR/USD 12475 NOW
SELL 2 MORE EUR/CHF AT 14005
SQUARED CABLE AT 14536 FOR 420 POINTS PROFIT
SELL EUR/SFR 3 AT 14013
AVERAGE PRICE 3 CABLE NOW 14676 SET STOP 14660
FOR EUR/USD 12550
CABLE DONE AT 14590
LIMIT: SELL ONE MORE EUR/USD AT 12515
SELL ONE MORE CABLE AT 14590

Thursday, May 13, 2010

SOLD ONE EUR/USD AT 12575
SOLD ONE MORE CABLE AT 14693
SOLD ONE CABLE AT 14746
CLOSE LAST EUR/YEN AT 11834 FOR 102 POINTS PROFIT

Wednesday, May 12, 2010

CLOSE 1 EUR/YEN AT 11695 FOR 300 POINTS PROFIT

Monday, May 10, 2010

CLOSED CABLE AT 14864 FOR 124 POINTS PROFIT
SELL ONE CABLE AT 14986
SELL ONE MORE UR/YEN AT 11995
STOPPED OUT AT PAR.... WELL WE TRIED
JUST SOLD A EUR/YEN AT 11936
OK, UNFORTUNATELY EVEN I NEED SOME SLEEP ALTHOUGH I AM ENJOYING THE ACTION CURRENTLY GOIN ON, WE ARE STLL SHORT 2 EUROS AT 12904. SO EITHER TAKE PROFT AT 12804 LEVEL OR BREAK EVEN AT 12904 LEVEL. I LEAVE IT UP TO YOUR DISCRETION. IT'S 03.25 AM HERE, I NEED SOME SLEEP REALLY....SORRY ABOUT THAT
ADJUST YOUR STOP LOSSES AS THE AMOUNT IS NOW 2 EUROS
SQUARE THE LAST LOT AT 12833 FOR A 113 POINTS PROFIT
OK GUYS THIS MARKET ID SOOO VOLATILE AT THE MOMENT THAT I FEEL WE MUST PLACE A STOP SOMEWHERE FOR THE SAKE OF GOOD MONEY MANAGENT. LETS PUT STOP LOSS 3 EURO AT 12920.
ITS AGAINST MY PRINCIPLES TO PLACE STOPS BUT IT SEEMS ITS GONNA BE BIG MESS TOMORROW AND NOW ALREADY!

Sunday, May 9, 2010

SOLD ANOTHER LOT AT 12946
JUST SOLD EUR 2 AT 12904 THE EUR PLAN SEEMS REDICULOUS TO ME...

Friday, May 7, 2010

TOTAL RESULT FOR THE WEEK 2280 POINTS PROFIT. WHAT A WEEK IT WAS. EXPECT SOME CONSOLIDATION INTO NEXT WEEK BUT DOWN TREND EUR/USD REMAINS IN TACT. KEEP SELLING THE RALLIES. CABLE IS A BIT UNCLEAR AS WE DEPEND NOW ON THE UK COALITION NEGOTIATIONS. FOR SURE THIS W/E WILL GIVE SOME CLARITY IN THIS MATTER. THANK YOU AND WISH YOU ALL A GOOD W/E.
REGARDS
PETER
SQUARED EUR/USD 3 AT 12696 SO TOOK 24 POINTS LOSS HERE
SELL ONE MORE EURO AT 12794 OVERALL POSITION NOW SHORT 3 EURO AT 12690
SELL ANOTHER EUR/USD AT 12675
COVER THE ONE CABLE AT AT 14625 FOR 278 POINTS PROFIT
SELL 1 EURO AT 12601 AND 1 CABLE AT 14903
VERY OBVIOUSLY WE ARE IN THE REBOUND NOW RE EUR/USD AND GBP/USD.SHORT COVERING,GETTING OUT OF OVERSOLD TERRITORIES ARE THE NAME OF THE GAME. HOWEVER FUNDAMENTALLY NOTHING
CHANGED. THE UK HAS ITS HUNG PARLIAMENT NOW AND THE EURO IS JUST IN THE SAME POSITION. I EXPECT A BIT MORE PROFIT TAKING AND AFTER THAT THE OLD ADAGIUM OF SELLING THE RALLIES WILL COME BACK INTO FOCUS.I EXPECT STOCK MARKETS TO COLLAPSE IN EUROPE, THE CDS MARKET GOING UP FURTHER AND THE CURRENCIES AGST US COMING UNDER RENEWED PRESSURE.
WE WILL SEE TOMORROW MORNING IN EUROPE.DONT FORGET THE NFP FIG. BUT HAVE THE FEELING THAT A GOOD NUMBER WILL LEAD TO FURTHER SELL OF WHILE A BAD NUMBER WILL PROVIDE A NICE UP SPIKE TO SELL INTO.SO THE RESULT EVENTUALLY WILL BE THE SAME.GOOD NIGHT SEE YOU TOMORROW.

Thursday, May 6, 2010

WOW THAT'S RESP. 884 AND 282 PROFIT ON BOTH POSITIONS. ALL SQUARE NOW.
OK GUYS I JUST TOOK PROFIT ON 2 CABLE AT 14796 AND 2 EURO AT 12604
SOLD 2 EUR/USD AT 12745 FOR TARGET 12610
SQUARED EUR/USD AT 12714 FOR 212 `POINTS PROFIT. AFTER TRICHET SPEECH MIGHT RE ENTER
PLEASE BE AWARE TRICHET STARTS SPEAKING AT 14.30 SO IN ABOUT 30 MINUTES FROM NOW. PLACE STOPS ON YOUR SHORTS. I DO NOT EXPECT TOO MUCH OF IT BUT YOU NEVER KNOW AND A MASSIVE SHORT COVERING MIGHT TAKE PLACE. SUGGEST NEAR 12800, BUT ITS AT YOUR OWN DISCRETION
SELL EUR/USD 2 AT 12820

Wednesday, May 5, 2010

LETS SQUARE THE BALANCE TOO AT 12979 AS I AM AFRAID TOMOROW MORNING WE MIGHT SEE A RACTION OR ECB INTERVENTION AND THEN WE CAN SELL AT HIGHER LEVELS. TARGET 1.2700

Tuesday, May 4, 2010

OK LET US COVER 1 EUR/USD AT 12979 FOR 321 POINTS PROFIT
SELL GBP/USD 2 AT 15238

Friday, April 30, 2010

FOR OVER THE W/E PLACE STOP LOSS AT 13410 JUST IN CASE NEW DEVELOPMENTS RE GREECE......
OK GUYS, EUR/USD POSITION REVALUED AT 1.3300 SO 50 PIPS LOSS.MONDAY WE START BEING SHORT EUR/USD 2 AT 1.3300.RESULT FOR THE WEEK 618 POINTS AND FOR THE MONTH 1191POINTS.
COULD BE BETTER BUT AS FAR AS I AM CONCERNED APRIL WAS A NASTY MONTH HOPEFULLY MAY WILL BE BETTER.HAVE A GOOD W/E

Thursday, April 29, 2010

ORDER EXECUTED, SOLD EUR/USD 2 AT 13275

Tuesday, April 27, 2010

THAT WAS A 668 POINT PROFIT. LOOK TO SEL AGAIN 2 LOTS AT 13275, LIMIT ORDER
LETS SQUARE 4 EUR/USD AT 13206

Monday, April 26, 2010

SELL 2 MORE EUR/USD AT 13391

Friday, April 23, 2010

STOP TO 13420
STOP AT 13410
HAVE A GOOD WEEK END AND SEE YOU SUNDAY EVENING
SOLD EUR/USD 2 AT 13355 STOP AT 13380 OVER THE W/E
SQUARED CABLE AT 15313 81 POINTS PROFIT. ALL SQUARE NOW. A NASTY WEEK IT WAS BUT STILL
598 POINTS FOR THE WEEK
EUR/USD STOPPED OUT 42 POINTS PROFIT...WHATTA WEEK!
CHANGE STOPS NOW AT 13310 AND 15340. AN UNEXPECTED FRIDAY AFTERNOON RALLY, FOR WHATEVER REASON, IS STILL VERY POSSIBLE.....
SEEMS THAT GREEK PM TO MAKE AN ANNOUNCEMENT AT 11.00 GMT. WE MUST PLACE STOP NOW 13360
AND 15410
SOLD 2 EUR/USD AT 13331

Thursday, April 22, 2010

SQUARE THE EUR/GBP AT 8658 FOR 42 GBP= 63$ POINTS PROFIT.....
EUR/USD LOOKS OVERSOLD NOW. LET'S SQUARE OUYR 2 OUTSTANDING AT 13344 FOR 276 POINT PROFIT
SELL EUR/GBP 2 AT 8679

Tuesday, April 20, 2010

CABLE ORDER DONE AT 15350 AND SELL ANOTHER CABLE AT 15397

Monday, April 19, 2010

SELL ORDER EUR/USD AT 13495 JUST DONE,
CHANGE CABLE SELL LIMIT TO 15350

Sunday, April 18, 2010

HELLO GUYS.JUST TOOK 135 PINTS PROFIT ON OPEN GBP/YEN POSITION. THIS WAS A NICE TRADE.
I JUST SOLD GBP/USD AT 1.5273 AND EUR/USD AT 1,3470
LEAVE 2 LIMIT ORDERS: SELL ANOTHER CABLE AT 15320 AND ANOTHER EUR/USD AT 13495
GOOD NIGHT
PETER
FOR NOW WE ARE SHORT GBP/YEN, REVALUED, AT 14165. P&L UPDATED

Thursday, April 15, 2010

SELL GBP/YEN AT 14396
LIMIT ORDER OVER NIGHT: SELL EUR/USD 2 AT 13600. PIGS CDS ARE MOVING NORTH AGAIN. HENCE IN EXPECT SOME PRESSURE ON EUR/USD
AND AGAIN STOPPED OUT!!!! INCREDIBLE CAN'T REMEMBER SUCH A BAD MARKET, THINK TO STAY OUT FOR REST OF THE WEEK AS THIS IS USELESS.

Wednesday, April 14, 2010

SELL CABLE 2 PÌECES AT 15483 STOP AT 15413

Tuesday, April 13, 2010

STOPPED OUT AT 15410 108 POINTS LOSS
OK LET'S SELL 2 CABLE AT 15356 SL 15410

Sunday, April 11, 2010

OK STOPPED OUT AT 13501 VERY LATE FRIDAY MY BROKER TOLD ME....THAT WAS GOOD WORK.
LATER I WILL ELABORATE A LITTLE MORE ON THE RESCUE PACKAGE.

Friday, April 9, 2010

OK, I REVALUED THE CURRENT SHORT EUR/USD 5 UNITS AT 13475. IN SPITE OF THE EXTREMELY TOUGH WEEK, DRIVEN BY OFFICIALS,CENTRAL BANKS AND OTHER INSTITUTIONS WE CAME OUT WITH A VERY SMALL 42 POINTS PROFIT,SO AT LEAST WE SURVIVED THIS MESS SO FAR. AS 13480/00 LEVEL IS CRUCIAL TO THE VALIDATION OF THE DOWNTREND WE MUST PLACE A STOP JUST ABOVE THIS LEVEL. IF BROKEN,ON A DAILY BASIS,THE TREND IS UP TECHNICALLY SPOKEN ALTHOUGH I CANNOT FIND ONE FUNDAMENTAL CHANGE THAT WOULD JUSTIFY A RALLY TO SAY TO 1.38 OR 1.40

IF SOME RESCUE PACKAGE FOR GREECE IS AVAILABLE THE PROBLEMS HAVE NOT BEEN SOLVED. IT'S BRINGING GOOD MONEY TO BAD MONEY AND IT WILL BE EVAPORISED IN A FEW WEEKS IN THE
ENORMOUS GREEK OVERALL DEBT SITUATION. IT WILL APPEAR NOTHING MORE AS BUYING OR RATHER BORROWING SOME TIME FROM THE MARKETS FOR GREECE TO RESTRUCTURE ITS ECONOMY. THE GREEK POPULATION IS FIERCELY OPPOSED TO ANY GOVERNMENTAL MEASURE AND RIOTS IN THE STREETS ON ATHENS TOOK PLACE ALREADY AND SYNDICATES THREATENED TO CONTINUE DOING SO.GREECE WILL HAVE TO LEAVE THE EURO BUT OF COURSE OUR POWER HUNGRY BUROCRATS IN BRUSSELS WOULD FIND THIS HIGHLY UNWANTED. TO BE CONTINUED! HAVE A NIVE W/E
REGARDS
PETER
KEEP A CLOSE EYE ON THE 13480/00 LEVEL KEY RESISTANCE OF THE DOWN TREND.
I AM VERY SCEPTICAL ABOUT THIS GREEK AID PACKAGE BUT IT'S FOR SURE NOW THAT THE EU MANOEVERED THEMSELVES IN SUCH A POSITION THAT IF THEY DO NOT OFFER A SOLID AND TANGIBLE AID PACKAGE TO GREECE THIS W/E EUR/USD WILL OPEN AT 13200 SUNDAY NIGHT!
MIND THAT PART OF THE RESCUE HAS BEEN PRICED IN NOW AT CURRENT RATES!
IN 20 MINUTES UK PPI DUE. IS EXPECTED TO COME OUT GOOD. IN CASE IT DOES NOT, SELL CABLE AGAIN, OTHERWISE STAY OUT.
CURRENT POSITION: SHORT 5 EUROS AT 13440 AVERAGE
GOOD MORNING CABLE STOPPED OUT AT 15316 FOR 132 POINTS LOSS.....
SOLD 1 MORE EUR/USD AT 13378
FOR OVERNIGHT: KEEP AN EYE ON THIS 15300/20 AGAIN AS ITS CRUCIAL FOR CABLE!!!!!
SLEEP WELL....

Thursday, April 8, 2010

SOLD 1 EUR/USD AT 13317 CREDIT DEFAULT SWAP GREECE CURRENTLY AT NEW RECORD OF 430 BP+
ABOVE GERMANY!

Wednesday, April 7, 2010

JUST BOUGHT BACK 2 CABLE AT 15148 FOR 204 POINTS PROFIT

Tuesday, April 6, 2010

SOLD 1 EUR/USD AT 13406. CABLE LOOKS UGLY. KEY RES. 15300. IF BROKEN TAKE ALL BACK.
THAT IS 144 POINTS IN TOTAL FOR TEH GBP/YEN. GBP IS BEHAVING HORRIBLE AGAIN THIS WEEK. PHEEWW
CLOSE GBP/YEN 2 LOTS AT 142,76

Friday, April 2, 2010

P%L EXCELL SHEET ALL UPDATED INCLUDING REVALUATIONS OF EXISTING POSITIONS.
REGARDS AND HAPPY EASTERN.
PETER
SELL 2 LOTS OF GBP/YEN AT 14348

Tuesday, March 30, 2010

SELL 2 LOTS OF CABLE AT 15095
SOLD 2 LOTS CABLE AT 15049
GRRRrRRRR WELL WOULDN'T THIS AUD/YEN HAVE BEEN A GREAT POSITION? YES IT WOULD IF I WOULDNT HAVE GONE AGAINST MY OWN PRINCIPLE TO PLACE THOSE BLOODY STOP LOSSES. FOR THE PEOPLE THAT DONT KNOW ME. I HATE STOPS. IF YOU PLACE A STOP YOU BETTER EXECUTE RIGHT AWAY. THEY ARE USELESS. PLACING A STOP IS ASKING THE DEVIL FOR BEING EXECUTED. I NEVER USED STOPS IN MY LIVE. STOPS AR FOR IDIOTS, LIKE ME LAST NITE. WELL WE LOST A TINY 7 PIPS OVER 200K SO NO BIG DEAL, HOWEVER WITHOUT A STOP THIS POSITION WOULD BE ABOUT 240
POINTS IN PROFIT. STOPS! I HATE THEM!

Monday, March 29, 2010

BUY AUD/YEN 2 LOTS AT 8487 AND STOP LOS FOR 4 LOTS AT 8460
BUY 2 AUD/YEN AT 8440 STOP AT 8420
SORRY DELAY BUT HAD SOME ISSUES HERE.
SOLD EUR/USD 2 LOTS AT 13476

Friday, March 26, 2010

OK GUYS I REVALUED OUR 3 LOTS EUR/USD AT 1.3400 THUS A LOSS OF 72 POINTS, SO THAT IS OUR OPENING POSITION ON MONDAY. ALL ORDERS OUT.

OUR TOTAL RESULT FOR THE WEEK: 1201 POINTS
WISH YOU ALL A NICE W/E
REGARDS
PETER
BTW GUYS. AT 16.00 GMT TRICHET IS GOING TO SPEAK. IT MIGHT(OR NOT) CAUSE A SPIKE.
IF SO TRY TO COVER IMMEDIATELY AND SELL AGAIN AT 13460 OR THERE ABOUT. ONCE IT HAPPENS I CANNOT INFORM YOU QUICK ENOUGH WHAT TO DO, HENCE THESE GUIDELINES.
OK GUYS...ITS ALL EUPHORIA ABOUT THIS "HOT BALLOON" EU AID ACTION TO GREECE IN FACT THE "AGREEMENT" ISN'T THAT GREAT. I SUSPECT THIS WILL BE ANALYZED THOROUGHLY OVER THE W/E AND THE MARKETS COULD REACT DISAPPOINTED ON MONDAY MORNING. I WON'T GO INTO DETAIL ABOUT THIS RESCUE PACKAGE. TARGET IS STILL 13200/12800 THEREFOR I SELL 2 LOTS AT 13460 MAJOR RES. AND STAY OVER THE W/E WITH THE SHORT POSITION
STOPPED OUT AND RE ENTERED SAME PRICE

I H A T E STOP LOSSES
THIS IS GETTING ANNOYING REALLY. PLACE STOPS AT 13415
I AM STILL ON GUYS, IF YOU WERE STOPPED OUT RE TAKE POSITIONS. TYPICAL FRIDAY SHAKE OUTS!
USD/YEN STOPPED OUT AT PAR....
AND PUT STOP AT 13408 BACK IN. I HAD THE FEELING SOME STOP HUNTING WAS TAKING PLACE JUST AT AND ABOVE THE 13400 LEVEL AND DIDN'T WANT TO GET STOPPED OUT IN A "HUNT"
NOW WE SEEM TO BE BACK IN SAFER TERRITORY.
CANCEL STOP LOSS IN EUR/USD
SELL 1 LOT EUR/USD AT 13393 STOP SAME
HI GUYS. AS FRIDAY AFTERNOONS ARE VERY OFTEN HIGHLY UNPREDICTABLE IN THE FX MARKETS
I WANT TO MAKE AN EXCEPTION ON MY NON STOP LOSS POLICY. ALSO I DO NOT WISH TO JEORPARDIZE A SO FAR GREAT WEEK. HENCE BUY EUR/USD 2 LOTS AT 13408 STOP LOSS.
IF THAT IS HIT ALSO CLOSE THE USD/YEN POSITION AT THE SAME MOMENT. LET'S KEEP OUR FINGERS CROSSED AS I LOOK FOR 13200 THIS AFTERNOON.
ORDER EUR/USD DONE 1 LOT AT 13375 EXIT
SELL ANOTHER LOT EUR/USD AT 13375 LIMIT ORDER
SOLD 1 LOT EUR/USD AT 13360 AND ORDER OUT
SELL EUR/USD AT 13370 LIMIT ORDER
STOP USD/YEN AT BREAK EVEN...9272
ORDERS OUT IN EUR/USD

Thursday, March 25, 2010

LIMIT ORDER: SELL EUR/USD 2 LOTS AT 13350
SELL 2 LOTS USD/YEN AT 9272 STOP AT 9300
LETS SQUARE THE LAST ONE TOO, WE COVER AT 14818 FOR A 242 POINTS PROFIT

ALL SQUARE NOW!!
SQUARE ONE MORE CABLE AT 14812 FOR 198 POINTS PROFIT

WE STILL HAVE OPEN ONE CABLE
SQUARE LAST EURO AT 13287 FOR A 213 POINTS PROFIT
LETS COVER THIS MORNING'S CABLE SALE AT 14826 FOR 138 POINTS PROFIT
USD/YEN OBVIOUSLY BROKE OUT IN THE HOURLY CHART LET'S COVER IT AT 9248 FOR 13 POINTS LOSS
USD/YEN DONE AT 9235 STOP 9265
USD/YEN MIGHT BE MAKING DOUBLE TOP AND HOLD. THEREFOR SELL USD/YEN AT 9235 WITH STOP AT 9265
SQUARE USD/YEN FOR A 36 POINTS PROFIT

SELL GBP/USD AT 14964
STOP LOSS USD/YEN DOWN TO 9240

Wednesday, March 24, 2010

SELL USD/YEN AT 9232 STOP AT 9260
OK LET'S SQUARE ONE CABLE AT 14868 AND ONE EURO AT 13315 FOR 234 RESP 225 POINTS PROFIT

Monday, March 22, 2010

SELL ONE MORE CABLE AT 15102
ORDER DONE SHORT AT 13540
SELL EUR/USD AT 13540 LIMIT ORDER
BOTH ORDER EXECUTED AND SELL GBP/USD AGAIN AT 15060
SELL EUR/USD AT 13500

SELL CABLE AT 15010

Friday, March 19, 2010

OK GUYS AM GOING TO CLOSE ALL POSITIONS FOR THE W/E AFTER A TOUGH WEEK!

BUY AUD/NZD AT 1,3024 FOR 101 POINTS PROFIT
BUY GBP/USD AT 1,5014 FOR 217 POINTS PROFIT
BUY GBP/USD AT 1,5014 FOR 171 POINTS PROFIT
BUY EUR/USD AT 1,3516 FOR 94 POINTS PROFIT

TOTAL THIS WEEK :684 POINTS PROFIT
CABLE SOLD AT 15185

Thursday, March 18, 2010

LIMIT ORDER: SELL EUR/USD AT 13680
SELL EUR/USD AT 13610
SELL STOP LIMIT ORDER: SELL CABLE AT 15185

Wednesday, March 17, 2010

SOLD CABLE AT 15231

Tuesday, March 16, 2010

STOPPED OUT ALL AT 15250
OK CABLE DONE AT 15200 WHAT A BUMMER, FED DOING NOTHING ON FED FUND RATES, WELL THEY WIL HAVE TO SOONER OR LATER. SOON POUNDS NEGATIVE FACTORS WILL PREVAIL AGAIN. 15220 IS KIND OF KEY LEVEL. LET'S SEE HOW WE CLOSE THE DAY!
SELL CABLE HERE AT 15131 OTHER ORDERS STILL VALID.....
SELL EUR/USD AT 13800 AND CABLE AT 15200 i AM SURE WE WILL GET THERE AFTER THIS FANTASTIC SHOW OF EU SOLIDARITY!! GRRR
HI GUYS, SORRY LATE UPDATE, BUT TARGET AT 14990 WAS REACHED AND SQUARED THERE FOR A PROFT OF 210 POINTS RESP. 60 POINTS. ALL SQUARE NOW EXCEPT FOR AUD/NZD.
REALLY NICE THE OH SO BELOVED EU DECIDED TO LET THE OTHER MEMBER STATES BLEED FOR
ITS FINANCIAL ESCAPADES!! I HOPE SOON OTHER EUROPEAN COUNTRIED WILL ASK FOR SUCH LOAN FACILITIES AS WELL SO EVENTUALLY THE EURO WILL TOTALLY COLLAPSE AND CEASE TO EXIST!!