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Hi Any thoughts on the loony. Its gone up a little maybe a better entry for a short?? I closed my NZD short GDP wa better than expected, I will re-enter on a pullback to new resistance 5150. Hopefully it will get there.

Why 4800. You have to go back in time a little. Last time there was a high global risk profile, low commodity prices and wind down of the carry trade [2001/2 I think], the Kiwi dropped to around 3800 from memory. I remember becasue I knew somwone who made a killing on the drop. There is no...

I'm holding the short, a bit of USD strength will help. The Japanese have stopped margin lending on the carry trade so a big bounce is unlikely, more chance of further downside. waiting for a break of 5150 next target will be 4800.

Hi RBNZ rate decision tomorrow 100pt decrease expected. Looks like its been sold on all rallies this week. Hopefully there will be an attached graph showing multiple resistance around 5350. I'm short from 5325 stop 5375. Cheers

All the commodity currencies are weak. Increased risk of global recession implies worse outlook for commodity prices hence the sell off. A stronger USD doesn't help either. Support for Kiwi at 5200, for AUD around 60-61.

Should be OK the cash hasn't traded since Xmas Eve. Aussie markets were shut today. Cheers

In my experience in the short term price will move in the direction of the greatest number of stops.

First trade for a while. Shoirt 848.9 Closed 846.9 +2.1 Cheers

Thanks for the feedback, I'm still earning trying to master the art of picking supply and demand.... I hope to graduate to the S journal one day. I'm married too. Cheers

Short 871.2 Closed 867.8 + 3.4pts For Nov +11

I've got 14644 for the low cable and 12017 for the USD/CHF. Looks like some stops were hit around 12000 Cheers

Nice chart Sam, was there any significance to 12475 number? I was trying to trade a bounce off potential support at 12500 and was surprised how easy it was to break through to the stops just behind that level. Also it looks like the fib level may be the new support level. Cheers

Long 971.6 Closed 974.4 +2.8 For November + 7.6 Not quite balancing out my FX losses Cheers

2 trades Short 978.8 Closed 976.2 +2.6 Short 969.9 Closed 967.7 +2.2 Total for Nov +4.8

Opening Gaps 2nd Nov Euro 12765 vs 12728 Cable 16109 vs 16076 Cheers

Nice trading cable, and good thoughtful comments. Thanks for posting your trades. I have a question for you how do you determine the exit/target points for your trades? Do you work out a target before entering or watch the price action? My situation is that I am happy with my entry...

Did anyone notice the huge spike on the cable today it jumped around 200pips on a 1 minute candle. And it dropped straight back down pretty quick. Does anyone know what would cause this? TIA

2 trades Short 948.9 Closed 951.5 - 2.6 Long 951.5 Closed 959.8 +8.3 Total for Oct +10.3

871 and running out of steam. What are the odds on a 37pts opneing gap... Question is Tuesday the last day for hedge fund redemptions for the QTR. If so could this be a pump and dump??

Mkt's coming back a little now. Does anyone know when the S&P limits down.