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......

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.

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.

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.

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

CABLE AT 14385 DONE

SELL ONE LOT AT 12320