Posts by "pippedoff"

Everyone keep your heads out there. A mere 1120 move in stocks correspond to a 125 pip move in euro, 100 pip move in aussie, and $20 move in gold?

Weak shorts getting blown out of FX and commodity positions.

Let's see what the PPT does in the last hour (and half) of US stock market today.

Sure am interested in Ashraf's take on euro "caps". Nearly everyone has been calling for a euro "relief" oversold rally, and we are now getting it.

Also, Ashraf changed his Gold cap from 1103/1105 to 1133 if we get a NY close above 1118/1119. These numbers are a far cry from 1103/1105.

Been building a nice short position in Aussie. This countertrend is nearly exhausted, and will last only as long as the eur/gbp remains bid to support euro. When euro reverses, commodities tank, brining aussie along with it.

@chloe-congrats on making $$ on gbp!

My open order to buy usd/cad at 1.0468 was filled while I was sleeping!

@chloe-the "you-know-who" is doing their thing, so I picked up some usd/cad at 1.0518, with more bids layered to 1.0450. I believe oil prices will be declining into the mid-to-low 60's.

I have open orders to sell gold at 1097.8. I will short aussie if it makes it over .89, would like to get it at .8925. I am holding off euro because of announcement regarding Greece next week and the eur/gbp pair is back below 0.87 which to me makes gbp/usd a better short candidate.

However, since US markets are closed Monday, it gives an opportunity for stops to be run in illiquid conditions. So I am staying out of euro and gbp until start of next week Asian session, unless somehow euro gets over 1.37 and gbp over 1.5740.