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An entry level not that good, because didn't take into consideration the the existing home sales release today that could bring us lower during the liquidity search (some mistakingly call it stop hunt) since we were near a rounded number and a significant S/R. Often this mistake is based on...

A watchlist of the market mood.

Knowing the prevailing sentiment. The easy way, tho not very accurate but a very good starting place. Align spx quotation Indu and nasdaq in front of bond quotation, ZN, ZL, ZT. Do the same with DAX, eutostoxx50, Z and CAC facing german bonds 10y, 5y and 2y. From this you can know if risk is...

The BOJ statement on which this trade is based is as expected very dovish and more easing in on the way. As I said in the previous post about this trade, I am not seeing it going above 80.60, but who knows since QE3 and the Draghi put can be game changers. What’s interesting here, is to...

#AUDUSD closed +180p I have decided to close that trade, since I am not able to make up my mind on it. The factors leading me to be bearish AUD like a possible rate cut on a carry trade currency and bad Chinese macro data, seems now to me not enough to counterbalance that flight to easy money...

Buying the €uro: I would like to buy #eurusd at a lower level and the german zew or the PMi’s could brig us around 1.30 or lower (catalysts). There’s no fundamental reason to this, only a medium term behavior mainly due to money leaving GBP, who build his strength on “an anti €uro”...

#USDJPY I am pending to add @ 78.35 and 78.48. We are in search for liquidity mode, some needing to fill big orders at a lower levels. This is amplified by thin liquidity periods like during London lunch break, asian session....The levels I am starting to see as reachable are 79.60 ; 80.00 and...

WEEK #38 From flight to safety to flight to easy money: I think we are going to assist at a global easing from several central banks starting by the BOJ. My current core position on UsdJpy opened last week was based on that. What is important for me is not the global macro consequences of...

the AUDUSD daily chart . If i had a target it would be Parity but it's too soon to tell.

Forgot to mention that very bearish candle formation on AUDUSD daily, I don't believe in its magic but lot of techs do, mainly in Asian session, why not use them? I see some candle formations just as another hint on positioning like big S/R, 200 Dma and big fibs. BTW I have 61.8% on AudUSD...

I will post my intentions on this week#38 later today. Was very busy this week-end and haven't analyzed anything yet. Stay tuned.

The last position of week#37 not filled yet, and I really don't see it returning that low hence I have pulled it down near 1460.5. Still holding the 1425 call, the other was closed far in the money.

This one is now core (+170p or so) and my views since the Draghi put are not likely to change. I see it more like something grinding higher at a slow pace tho with a possible huge boost if SNB announces that its raising the floor. One other effect that can make the price popping up are options...

That AUDUSD has been filled @1.061, going well but it's still building its core position status. I am monitoring it very closely on H1 (not core yet) cos of many risks and news that can modify my views on it.

Here’s is an opportunity to talk about the way I manage my running trades, those classified as core positions. Let’s take as example that # USDJPY filled last week: Since I am considering this one as a core position, I will not look at it below a daily Time frame. On that TF i see that...

Sorry just a last one, cos so funny how usdjpy decided finally to popup right from where I am in, after going against me deeply.

Ok Let's summarize the trades of this week and outline the key factors driving the opened/closed/pending positions: 1: #eurchf : long @ 1.2035 stop: provided by SNB floor target: none. This one is on his way as planned now 130pips above the entry price. I'am seeing it as a forming Core...

Question: Why don't do that with #eurusd in place of #aususd??? Cos it's massively oversold and OMT plus QE3 can trigger a big short covering upmove. Oversold doesn't mean undervalued tho.

At 1.0614 that is. This one is scheduled after after Bernie talks, I don’t want to be filled before, in some liquidity distortions (knee jerk). I give to this trade the status of a core position tentative. Why: 1: The price is that high because market is pricing QE3 for a while now. And...

QE3 that is, priced in already tho but #spx is happy. Surprising how that #jpy is reacting; BOJ big d..k or USD becoming a risky asset. anyway my USDJPY long is slightly in the money now; more on this later. More important is the coming Bernie speech and the time needed by the Market to digest...