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As I said in the week#40 intentions posted here. I shorted GBP with EurGbp long on the spot. Not the best moment but the level below 0.80 is not that bad. More on this later.

Do you remember that AudUsd trade here. Since I have decided to trade the RBA rate decision but couldn’t cos it was early in the morning; I used its impact here after the London opening to enter long just above 1.030. I would have preferred something below 1.03 but missed it. The target is...

The UJ chart:

EurJpy UsdJpy :It’s all about timing Leave a reply One, the UsdJpy here, is well timed and not even need a stop, since it’s shielded by the BOJ. The other here, taken at 100.7 then added to at 100.05 was badly timed, how stupid it was knowing that the real entry signal would be...

QE’s not enough to boost the risk appetite. Several of my running positions opened after the ECM / FED announcements, were based on the idea of a weaker USD (not vs JPY tho ) and structural shorts re-balancing their portfolios after the Draghi put eliminating the EZ tail risk. This hasn’t...

USDJPY new long. This one targeting the 80.00s is a good example of what seems a good timing so far; that is: half year flows , Boj jawboning near the previous price where it intervened in last June. Since I am already positioned on EurJpy with the same intentions, I have locked this one...

Do you remember that trade posted quoted above. The 2 orders forming one position in size were filled. But what is important is to see on the chart is how the price was limited on the downside around the 100.00. We had several incursion below that but each time they were brought back around...

AudUsd long, tactical for now. Seeing the growing rumors about big China easing and the next 25bp rate cut already priced in. Knowing that US QE money has nowhere to go but in risky assets and also seeing that techs are playing ping-pong inside the current range. I have decided to enter long...

The Daily view, I wouldn’t sell the euro. EurUsd Beside being already long on a longer term view; I wouldn’t sell the Euro in this “where are we going” sentiment. The downward pressure is high, catalyzed by the Spain rising yields and the 3 core finance ministers (Finn, Dutch...

Hedging; the way to go. Most of us, at the beginning of their learning curve, see the use of stop loss orders like the trickiest and frustrating part of the trading activity. Hence beginners stop loss is often greed driven. What I would like to say about that, without playing the Guru is...

From massive easing to massive rioting Let’s summarize where we are with the runnings, pendings and other the intentions posted here . Globaly these trades seems against the prevailing sentiment so far and tactical trades shouldn’t be played against it. Anyway Why this Risk off...

Let’s track that EurJpy pending longs commented just above. The Add-on was filled and the initial at 100.05 missed by few pips, hence the add-on at 100.70 is becoming the initial so far. But why pending that high with a buy stop while seeing the price reversing? Simply because intraday short...

EURJPY long @ 100.05 /status: tactical, /Stop : 99.60 /Target:102,00 Add-on at 100.70 (buy stop ). I was a bit late on this one. Initially I decided to look at a price around below 99.50.00, But finally I took 100.00 targeting something around 102.00. I based that initial entry at...

WEEK #39 The €uro: I maintain the scenario,described here, that the Draghi put and the Fed QE are going to push the EurUsd around 1.34-1.35. But most important is to develop here what is impeding this until now: 1:From central banks to politics. It seems that we are now focusing on...

Week #38 RECAP. All these trades were posted here: Closed positions: AUD.USD : +180p USD.JPY : +65p Running positions at the time of writing: EUR.USD @1.2999 Status: Tactical Stop : 1.29 Target : 1.32 Current Position: BE EUR.CH @ 1.2035...

Getting rid of the local volatility. This post is quite interesting in deciphering the way I trade. The most Important thing to me in this job, is knowing where is the optimal level, where to position for the price. This is what make the real difference with a global macro trader or a tech...

Buying the Euro and its local volatility. I have added to this tactical one on an averaging platform that bring the entry price at 1.299. The price now is more than 45p against me. How far I am going to hold this? No that far, may be just below 1.29 not more. But I am holding for very...

We broke that lower boundary !! Doesn't really matter as I am pending to fade from the upper one. How about that technically driven range?? Something was looming on the horizon, but it's not easy to enter in the news flow after 2 months of vacation. The HSBC Chinese Pmi ? But this one was...

An accurate second decision is always destabilizing since it's the proof that you were initially wrong,. Not that much in that case just partially as it hasn't made a significant south leg tho a nice profit. What's interesting in this chart is that something can turn wrong without you knowing...

USDJPY closed +65p This can seem a bit frustrating since the trade reached +150p, prior to the BOJ release. We were in a real "buy the rumor sell the fact" scenario. Normally in these tactical trades based on a binary outcome I close the trade prior to the release; this time the BOJ QE was...