Search results

Wouldnt a better strategy be just to go long vix at 18ish, with March/April expiry. I cannot believe there will be limited volatility in the 1st quarter.

Good tp there mrfrank. I am inclined to short here, as i think usd/jpy resistance is around 114. I think S&P has got about 8 points before resistance. So 226.3 is a good level in. The caveat is its holiday season and it might not conform to logic. But i am thinking of shorting rallies.

Yes I agree. Good luck in 2008.

What does ATS stand for? Yes I know, my timing was slightly off, but you were right it was risky and counter-trend at the time. Not sure how much trading i will do this year now. Might wait until the 1st week of Jan.

I know i should of stayed short. I said at the beginning of the week that it reminded me of the 2nd week in nov. Hindsight is a great thing. Sometimes the best trades can take a few days to play out. But still i am up on the week so cant complain.

Yes i got stopped out. I wish i kept my short from yesterday. Incredibly the 400pip move on GJ this week has been down to a massive downturn in GU and not significant yen strength. I dont use any systems per se, more an overall gut instinct based on charts, news and other markets.

I just think we are due a bounce. Maybe wrong, but i also think Eur/Usd at 143 level looks value too.

Long 224.92 tp 226.5 st 224 Wow hasnt the £ fallen this week. Should at least test the $2 level soon and this take GJPY with it.

Closed off my short for 250 pips at 226.30. I do think the cross will go lower. But thin volumes, triple interest day, and GU going under 2 per $ was a good take profit sign. I still look forward to selling rallies. Maybe the quarterly GDP data will give the £ a boost tomorrow.

I am still holding my short from 228.8 so up over 200pips so far. But i can see this going to at least 224ish near term. So a stop on entry makes this a cant lose trade. Its taken a few days to get down here though.

"Safety of funds" - I mean you dont put your money with a broker which doesnt have a minimum of $10mn capital. Realistically, though paying an extra 5 pips on the spread is marginal if you get a good service and you are looking at big pip targets. If you are scalping the spread is a crucial...

After reviewing my short position i notice a few interesting things that are happening in the markets that i wish to share. Fundamentals US CPI high US retail sales high FOMC unclear on voracity of rate cuts (if anymore) I think we have a stalemate in terms of policy and economic...

Which Broker will give you 2-3pips spread and ensure safety of funds? I pay 8, which i think is industry standard in the retail spot mkt.

Maybe we'll have a sell-off later in the day to help us. I know people on this forum have technical views. But I try and combine both. So intuitively, I think Fed cut by only 25bps to stimulate liquidity; they announced the auction to stimulate liquidity. Equity mkts retaced all gains...

Underwater on the short at the moment. I'd expect a big sell-off in equities this afternoon. Which will help (if it happens). GBP/JPY is not the best cross at the moment (as its pulled down by GBP weakness, and pulled up by yen weakness), i favour a GBP/USD short, but we see how things go.

Inflation up, means gold should go up. But the dollar will be strong here too. I just dont have faith in the bull case at these levels.

gbp/jpy spread is typically 8 pips. But certain institutional platforms you can get about 4 pips.

-126 on first position, and took a quick 40pips after the Tankan report. Will look to short at 228.7 if we get there.

0.1% core

Still in my original short. However, there is an interesting triangle formation. Which appears to have broken to the upside. So if its real i close and go long at 229.5, if a fake i add to short at 228.8. Lets see how things develop.