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Edit: was not clear with this, this week end IMF and World Bank meet in Japan under the presidency of Jojima (fin min of Jpan). First week of Next month there is the G20 fin Minsters and central bankers meeting where Jojima is expected to defend the Yen exchange rate. This will be get into...

That old UsdJpy here held for weeks is considered now as a core position, that is, I will add to it on a different platform (non US based) so the entry price is not averaged. The first add-on has been filled at 78.45 this morning GMT. A core position has no target and is fully closed only if...

Just a precision, the momentum mentioned in the quote above, is not about the price but about pending interests gathering around a new level, like e.g. 1.2920 or even 1.2825. or something forming after 1.30 is broken out.

Remember that post above were I put a buy limit at 1.2820. The price reached 1.2824 on the 200DMA and reversed softly missing my order by 4 pips. Against all the intuitions I’ve decided here to lower the pending level at 1.2756. Just after that the pair with no clear reason went north more...

Some concepts I'd like to share far from any Guru mode: Market concepts: Timing You must know when the market is wrong and wait for him to start understanding he's wrong. Then you enter. If you do it too early, the majority who is still wrong will take your stop. If you do it too late...

An illustration of market fearing BOJ. This move occured after this newswire on Reuters: "Japan Econ Min Maehara: Japan May Intervene In FX Alone Without US Consent"

Those who didn't miss this move as I did, should take a partial profit since the pair is going to price in some good numbers on the US employment front. 1.6085 seems a good place to add after the release.

I explained above why I moved my pending order from 1.2820 to 1.2756. Now, why these levels precisely ? When I look at the daily chart, the only time-frame I base my levels on, I see the famous 200DMA at 1.2820 along with a 50%fib. This 200DMA has been pierced once and if it is pierced again...

Probabilities are high now that the €uro will continue to fall below 1.28. Reason to this are the political inertia about the Spanish bailout which the market is waiting for, the S&P two notches downgrade of Spain debt and the awaited one from Fitch that could bring it to the junk status...

The AudUsd chart.

As said in the week 41 intentions I am now pending to buy EurUsd at 1.2820. Market is over reacting to riots in Greece and IMF ugly growth revision. I also played a quicky short on AudUsd looking for liquidity near 1.0116. If it get there I’ll decide what do with it. Meaning whether targeting...

Forgot to mention the EurChf full size still running from 1.2035, I consider as a core position.

A boring week probably because the market is looking for a clear direction. These kind of moments are Techs friendly mainly on H4. But I never play with techs only. Let me recap briefly what I did since NFP. EurUsd long closed with +17 pips after deducting the option time value used to...

EurJpy Locked as planned, no fuss that trade was badly timed compared to the one taken on USDJPY. Actual positions EurJpy: +250 pips UsdJpy 140p USDJPY is heavier in size because it's slower (60% of EurJpy range). Have a good weekend.

As I mentioned in week#40 intentions, I am looking at shorting Gbp. The cable is a strange beast with erratic behavior mainly because its lacking liquidity. I started doing it on EurGbp, I closed with +48pips here because it was positioned too high in the range and could be hurt during the NFP...

It was posted here, a quickie badly planned that dropped right after entering the position. With great difficulty, I explained that I was not going to close it despite more than 100 pips draw-down. This kind of trade don’t worth it, but I think it’s an opportunity e to share here some...

My plan on the €uro is starting to unfold, unfortunately as I explained in a previous post, I am very badly positioned @ 1.2990. So badly that I hedged the position by a put costing me in the worst case scenario -95p. Hence putting the true breakeven around 1.3080. Worse case scenario cos an...

As said here , the target area for this EurJpy long is around the looming 102.00 level.This level I see as a liquidity cluster, is probably going to generate some turbulences, but I am not going to exit there rather probably add or wait. Why? 1: I am linking this trade to the one taken on...

The so long awaited long. A recap of the trades posted in here. Jpy and Gbp. Question is: why not Jpy vs Aud ? Just because the risk to this trade implied by the RBA decision was too heavy, since it's weighting already on the AUDUSD trade.

Why I am not closing it, that AudUsd quickie long posted here. Like I want to be right against the market, right? Frankly I would have closed below 1.028 if I haven’t good reasons to let it run til Nfp (just before the release): 1: First and foremost the risk taken is covered, because the...