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

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

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

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

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

SELL ONE MORE LOT AT 162,30

WE SELL GBP/YEN ONE MORE AT 16070

WE SELL ANOTHER GBP/YEN AT 15982