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99 Posts Total by "eelman":
93 Posts by member
Eelman
(Maine, United States)
6 Posts by Anonymous "eelman":
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Eelman
Maine, United States
Posts: 93
14 years ago
Feb 19, 2010 18:43
In Thread: Don't Forget the Yen

Hey Pipster
I am actually viewing gbp/jpy as being in a slow recovery/uptrend at this time. After a considerable selloff, it has managed to close above its 10 day sma for a week now, and has more recently been maintaining closes around the 20 day sma. Also keep in mind current strength in usd/jpy, which may continue because of the fed discount rate hike. Of course I could be dead wrong but...I think it may recover to 144.50 - 145.00 area, and I will be looking to get short then.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 19, 2010 17:34
In Thread: Gold & Yen's Perfect Desert Storm
Gold looking to push through Wednesday's high. With gold, commodity currencies and the S&P being bid up relentlessly I would not jump in and try to short anything just yet.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 19, 2010 17:04
In Thread: Don't Forget the Yen
gbp/jpy is a typical risk sentiment pair. Typically higher equities and increasing risk appetite will send the pair higher. This one is volatile, very fast moving and capable of huge pip gains or losses in very short time frames. 200 to 300 pips in a day are common. Big sell-offs like the one 2 weeks back and 500 pips down in a couple hours! I like to trade it, but it is not for the conservative or faint of heart. It is a 'hair on fire" - "nerves of steel" type pair.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 19, 2010 16:22
In Thread: Gold & Yen's Perfect Desert Storm
Absolutely PippedOff! And the Aussie is headed right back to .90 where it belongs. At least we know what we are dealing with. I bought aud/jpy @ 77.50 right after the last sell off because I figured they would push this thing right back up to the highs.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 22:42
In Thread: Will the Fed Raise Rates in 2010?
nzvik - keep in mind they did not raise the fed funds rate. This raise only applies to the discount window. It is the rate banks pay when they need to borrow money from the Fed. We indeed may not see an increase of the actual benchmark rate in 2010.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:48
In Thread: Gold & Yen's Perfect Desert Storm
Nice trade to anyone who got short gold today at 1120+...I know there was a few of you talking it over.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:34
In Thread: Gold & Yen's Perfect Desert Storm
What just happened? Everything is on the move!!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:22
In Thread: Aussie Dressed up but where to Go?
Funny I am new to this forum...but I have heard that term other places as well.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:21
In Thread: Aussie Dressed up but where to Go?
Plunge Protection Team! ( US Govt backed stock market manipulators)
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:17
In Thread: Aussie Dressed up but where to Go?
I would not underestimate the PPT. They will probably push Kiwi to .7120, Aussie to .91ish and dump usd/cad to the mid-lower 1.03s before allowing any renewed usd strength/equity weakness.
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