FX spot fwds and vol calls

Quote from atticus:

The Aussie session close will be critical for direction to the ECB. EURAUD is not breaking lower. Should see a steep sale under 1.05.
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if it does not turn around right now at these 30 stops, this trade is done, but I will re-enter later with that in mind.
 
Quote from contra:

if it does not turn around right now at these 30 stops, this trade is done, but I will re-enter later with that in mind.
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GL.

Meaning if we close aussie session under 1.05. Maybe put in a limit short under the figure.
 
Quote from atticus:

GL.

Meaning if we close aussie session under 1.05. Maybe put in a limit short under the figure.
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yep that sounds perfect. It just tested the backside of that TL (on my charts) to the pip... but the bastard looks strong, i still have faith.

I threw some long into UJ here also. Looks nice...

long UJ 78.20 average, stop at 77.79

that will be it for me for now.
 
Quote from contra:

yep that sounds perfect. It just tested the backside of that TL (on my charts) to the pip... but the bastard looks strong, i still have faith.

I threw some long into UJ here also. Looks nice...

long UJ 78.20 average, stop at 77.79

that will be it for me for now.
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Asymmetrical risk in USDJPY due to potential intervention, even in a EQ selloff.
 
Quote from atticus:

Asymmetrical risk in USDJPY due to potential intervention, even in a EQ selloff.
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Yea... they keep yapping about the moves not being fundamental in nature, all spec driven. I'd like them to step up the tone soon.

If I get stopped out on this, I will def look lower to 76.50-77 for intervention levels... but there are definitely some bids holding 78.

Strong bids reported 78-78.10... i don't rely too much on that talk but good to know.
 
btw, I don't like my entry at all on this aussie trade, and I hate when it gets so close to my stop and turns. I knew better then to take position ahead of that data. I like the trade just timing was bad.

Usually for entries, I will play the secondary reaction on the news/events.

I will also use news/events for exits... i use them for exits mostly more then entries.
 
Quote from atticus:

Long EURAUD from 1.1683 (I know, I see the chart too). Scaling in long; 1/3 of eventual size. Mental stop.

Long EURGBP from .7811. SL .7771

Long USDJPY from 78.22. SL 77.96
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Time stopped on all into Fed. I am entering short index positions and won't hold any "risk on" in FX until after ECB and nonfarm.

EURAUD out at 1.1687 for 14
EURGBP out at .7843 for 32
USDJPY out at 78.18 for (4)
 
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