yen to weaken: prediction

Ok 104.50 it's worth a shot long. All the fear seems to be already baked in to the currencies. I would expect aud to rally as well. Stop? I have no idea. Probably as big as you can tolerate. It may trade like a fed day
 
Cswim63 said:
Ok 104.50 it's worth a shot long. All the fear seems to be already baked in to the currencies. I would expect aud to rally as well. Stop? I have no idea. Probably as big as you can tolerate. It may trade like a fed day
More...
I got long last week at 104.35, and that's where it is as I write
that's just one of my dollar trades, I'm net long usd and scrambling to get neutral
no real opinion on the yen. I'll be adding some more to my long usd.jpy next week or maybe friday.
 
I'm reluctantly bearish on the dollar vs euro, aud,perhaps the pound. Just based on the tape. I think that gold may have bottomed so I would try to hold on to a position as long as I could. Actually I think if it works, the gold trade has a lot of potential. I just don't see how the central banks get out of this without printing and printing some more. Aussie seems to be moving roughly in tandem
 
Cswim63 said:
I'm reluctantly bearish on the dollar vs euro, aud,perhaps the pound. Just based on the tape. I think that gold may have bottomed so I would try to hold on to a position as long as I could. Actually I think if it works, the gold trade has a lot of potential. I just don't see how the central banks get out of this without printing and printing some more. Aussie seems to be moving roughly in tandem
More...

What do you mean by based on the tape ??
 
Just price action. I have been seeing the dollar rally, then stall. More and more. And it was against my view going back to last fall
It would now surprise me to see the dollar strengthen over an extended period of time.
 
It will be interesting after the fact to measure the move in the pound. Has to be right up there in history. Now I can see why the trading houses were so cautious. They must have seen the positions building on either side. . .10 handles in a few hours. Unbelievable.
 
You know, about 2 pm et I had this feeling that this move up was a little too easy. I didn't post it and nobody cares anyway. Just a reminder of my old daytrading days, when I took those feelings seriously. If you have a good profit and your gut says lighten up, you probably should lighten up.
 
oh, I get it, they are buying the dollar and the yen, flight to safety, I went in short aud, gbp and jpy and long everything else and usd neutral so it's just a lot of spinning for me
 
You must log in or register to reply here.
Back
Top