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Posts by "rkkashmir"

237 Posts by Anonymous "rkkashmir":
rkkashmir
Posted Anonymously
14 years ago
Jan 8, 2010 4:52
Buying first lots of usd.jpy down here at 93.17 now that Fin Min Kan is done speaking taking back a bit of what he said last night.
rkkashmir
Posted Anonymously
14 years ago
Jan 8, 2010 3:14
@said: I'm concentrating on making $$ in this market. I don;t know what your points are motives are...
rkkashmir
Posted Anonymously
14 years ago
Jan 8, 2010 1:22
@frank: don't know how far the usd/jpy pair could drop. I suspect to 92.10/92.20. I have no interest in shorting it. I'd prefer to buy on the dips for the next two months.

@mont: i remember you saying you were going long eur/gbp. I am starting to nip at it also. I am long 2 units of it at themoment. Congrats on your trading success today, and glad you had fun. The real action starts a about 1:00/1:30 am new york time when the European session starts kicking in.

Any early rally in eur and gdp vs usd will be sold before NFP at 5:30 am ny time.

I feel the same as you regarding aud. Tough to short it, but I think it is headed (much) lower. At least you get paid to hold it, lol. Gold and aud and nzd look very, very toppy. i expect sharp pull-backs in all three. I don't really trade nzd. I will go long gold and aud when gold gets around 1070 or so.

Good trading...

rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 23:21
Frank,

Thanks for asking. As of now I am flat. I presume 93.50 may hold some level of support as this is where the stops were which just got ran, and also is the 200-day MA. Although I took the ride for most of the usd.jpy ride on Finance Minister Kan's comments, part of me believes some of his rhetoric had to be baked in already on the pre-runnup of usd.jpy. Therefore I am cautious on this pair for right now.

I've placed some limit orders at 93.07 and leading into 92.80. Ashraf wrote he thought 92.80 was a possibility pre-NFP. We'll just have to see what happens in Asian and European sessions. I am hoping more for a 50 pip run-up in eur.usd and 20/25 in aud.usd and nzd.usd so I can short them. I've also placed a limit order $3.50 higher on Gold.

It appears usd has gathered up some momentum in anticipation of a "good" NFP. I put that in quotes because the report will suck, it just depends on how it is relative to expecation. I am bullish usd short-term, but bearish mid-to-long term as I do NOT believe the Fed will have the you know whats to raise interest rates until very late this year, if not next year. The assumption of a US turnaround is based on the stock market rally which is ridiculous. The market has rallied in excess of 40% of hope and belief. The rally is about to end which should be positive for usd. Personally I think the economic story does not het any "better" than it is now, and will deteriorate again, all usd positive.
rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 22:57
Said,

I saw your post earlier. Please confirm the numbers. I think you are writing 93.85 but actually mean 92.85.

Please confirm.

Thanks.
rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 22:53
Who saw yet another 60-pip explosion in our good pal usd.jpy at the premium cut? Simply astonishing!

BTW, it appears the Eur PPT (Soverign Entities) has finally thrown in the towel here supporting eur.usd at 1.4300. Their Boy Toy eur.gbp which they have been using to goose eur.usd and run out the short's stops has no life left in it at .8975. I am wondering if they are going t make one last stand in the European session later today, and run more stops before the official coronation of eur.usd at 1.42 and below occurs at 5:30 new york time tomorrow with the NFP.

Good trading everyone.
rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 19:02
Xaron,

You buying eur.usd here at 1.4315? As I said yesterday, the eur PPT was desperately trying to keep eur/usd above 1.44, otherwize they knew 75 pips would be ratcheted off. I was off by 10 pips.

I am waiting for the eur PPT to bid up eur to mid-to-upper 1.43's so I can get yet another crack at shorting it.

I have a day order to buy eur.usd at 1.375, lol. Now THAT is confidence. Actually, it is a gtc order.

Funny, the eur PPT Boy Toy eur.gbp has slipped back to .8982? Why? Everyone knows eur.gbp is heading higher, a lot higher. When do you think the PPT will show up again. They seem to like to come in late-Asian, early Eurpean session.

I am buildoing a long position in the Boy Toy eur.gbp. Gonna run with the Big Boy Money Making PPT!

What will be cool is to make on the decline of eur.usd wile eur.gbp increases. Holy cow, just imagine what would happen to gbp should this scenario occur.
rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 16:59
MikeAtods,

The "online" version of Ashraf's book is available at Amazon. It is called the kindle version at is available for $5 or so less than the bound version:http://www.amazon.com/Currency-Trading-Intermarket-Analysis-ebook/dp/B001OFID36/ref=tmm_kin_title_0?ie=UTF8&m=AG56TWVU5XWC2.

I ordered myself a copy of the hardbound version on New Year's Day. It is set to arrive today. Can't wait.

Good reading to you...
rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 16:53
Said,

My limit for 93.17 was hit. For now I am flat on all accounts except a small long position in the Boy Toy eur.gbp. I am looking to reload long usd.jpy and short eur.usd at some point. I am going to spend a bit of time calculating my entry points.

I cannot tell you what it felt like to be "long to the gills" in usd.jpy, averaging big time while it was faltering to 92.14 just ten hours ago, and then to actually be looking at the one and five minute chart as Finance Minister Kan spoke the magic words. The spike on the charts real-time was something to behold. usd/jpy staggered a bot between 92.60 and 92.80, but then punched through again on the upsdide to take out my limit orders.

Good trading to you...
rkkashmir
Posted Anonymously
14 years ago
Jan 7, 2010 12:54
Mark.

posted the "proof" yesterday.