LIMIT: SELL ONE MORE EUR/USD AT 12515
SELL ONE MORE CABLE AT 14590

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

CLOSE 1 EUR/YEN AT 11695 FOR 300 POINTS PROFIT

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!

SOLD ANOTHER LOT AT 12946

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

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.

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

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

OK LET US COVER 1 EUR/USD AT 12979 FOR 321 POINTS PROFIT

SELL GBP/USD 2 AT 15238

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

ORDER EXECUTED, SOLD EUR/USD 2 AT 13275

THAT WAS A 668 POINT PROFIT. LOOK TO SEL AGAIN 2 LOTS AT 13275, LIMIT ORDER

LETS SQUARE 4 EUR/USD AT 13206

SELL 2 MORE EUR/USD AT 13391

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

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

CABLE ORDER DONE AT 15350 AND SELL ANOTHER CABLE AT 15397

SELL ORDER EUR/USD AT 13495 JUST DONE,

CHANGE CABLE SELL LIMIT TO 15350

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

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.

SELL CABLE 2 PÌECES AT 15483 STOP AT 15413

STOPPED OUT AT 15410 108 POINTS LOSS

OK LET'S SELL 2 CABLE AT 15356 SL 15410

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.

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....

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

JUST BOUGHT BACK 2 CABLE AT 15148 FOR 204 POINTS PROFIT

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

P%L EXCELL SHEET ALL UPDATED INCLUDING REVALUATIONS OF EXISTING POSITIONS.
REGARDS AND HAPPY EASTERN.
PETER

SELL 2 LOTS OF GBP/YEN AT 14348

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!

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

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