Posts by "macrosam"

jamshed, I've been short the euro since 1.5050 though initially I was short a handful of contracts as a hedge against my gold long. I wanted to own gold futures just not denominated in dollars as the USD broke through its downtrendline and began this anticipated rally we're seeing to this day. Needless to say, even with the correction in gold, I've come out ahead by a decent margin and had added to those gains since closing out my gold position about a month ago. I've probably made more over that stretch than you have in the past year combined, but that's not he point.

The point is this is a forum where we share ideas, concerns, observations, and analysis and learn together, whether it be from each other, from Ashraf, or from the lessons the market teaches on a daily basis.

I'm also a professional institutional trade in derivatives and interest rates space with also exposure to supra/sovereign bonds. I think you don't give this forum and those who follow Ashraf enough credit.

I wish I could attach my own charts. I was not surprised to see a USD sell off at 82.00 as it would have been a nice round resistance number. I was prepared to see USD sell off to 80.65 if necessary, but previous resistance of 80.85 now looks to be support. I think 82.00 will be retested and broken and that USD could see 86.00-87.00 eventually. That does not mean it will not sell-off in between that time but as long as the uptrend line remains in tact, I see this occurring.

Euro and GBP both sitting on S1 now, if these levels break, can see a nice downward move leading into Sunday.

Shorted again at 15225 looking to add

Stronger than expected payrolls if you take out census