Contra's FX Journal

Quote from oldtime:

yeah well, good for you, I was once young too, nothing but imports

EUR is getting about as hard to read as USD

They both want to go down, but they both need to be strong
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same here on the brew.

well they defended 2450's well, i can see a test of 2340's first if sentiment remains negative. Not much going on, some data later and german bond auctions. BOE inflation report but im not a fan of trading GBP.

nothing for me yet, i'll wait for European markets and keep my eye on the wires now see if I can stag something.

Ongoing speculation of Swiss, supranational, sovereign, Dutch, Europeans, SNB related selling interest at 1.2430-50. And also options related sales ahead of 1.2450/1.2500 option barriers. Bids at 1.2370-75, but stops building below. More bids from funds, US houses, Sovereign, real money at 1.2340-50, but stops blw 1.2340 on Grexit fears, and uncertainty over Spain.
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I wake up to 2340's being tested as I type this after 70 bids were filled... futures and euro markets are down.

yet, aussie looking a bit strong still. dollar index not up all that much.

im thinking we stay in this range test the highs again...
 
Quote from oldtime:

I'm getting sucked in. Larger and and larger positions to make the same profits quicker.
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what's up oldtime.. still hangin in there?

I checked your thread just now again, so your legging into the crosses through the majors basically. Is it cheaper execution wise to do that on your broker?

I think 2300 may still be possible for the NY cut but so is 2400+ again. we shall find out soon I beleive going into NY, if there are buyers, they should come in here or at 2300 euro.

not much in terms of data, 10y us bond auctions later and crude inventories.

BUT we have some NZD, AUD and China data later... should be nice. I'll also be watching yen tonight and tomorrow for the policy statement with the press conference tomorrow.

so Im thinking eur/jpy may be the better way to go here.
 
general consensus is, if it doesn't go to parity, then the whole thing will fall apart. But I aint trading quite that big.

I just live day to day, week to week.
 
Quote from oldtime:

general consensus is, if it doesn't go to parity, then the whole thing will fall apart. But I aint trading quite that big.

I just live day to day, week to week.
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same here, i like to take it week by week actually. and here and there try and snag whatever I can. vols are low.
 
waiting patiently on this euro... yawn... I like a long aud/usd also...

it might sting those shorts, they might learn the true definition of an upthrust... ok ok that's the last time i say that word for real.
 
Quote from contra:

waiting patiently on this euro... yawn... I like a long aud/usd also...

it might sting those shorts, they might learn the true definition of an upthrust... ok ok that's the last time i say that word for real.
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I don't think I would get long that Aussie. I can tell you from experience, those shorts over there are extremely stubborn.
 
Quote from oldtime:

I don't think I would get long that Aussie. I can tell you from experience, those shorts over there are extremely stubborn.
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lol I think we have a bit more to go oldtime, but not much.
 
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