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Posts by "bojan"
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41 Posts by Anonymous "bojan":
actually I got in before the numbers, so I liked usd/jpy as well. For some reason I could not "imagine" disappointing job # from US. Usually when expectations are one sided I got in the market 10-15min before, and then get out right before release, but today I decided to "ride the bull". Bull was good to me:)
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does anybody knows who is investigating this ?
I played CAD reatreat with CAD/CHF and strong resistance at 1.0700-ish. I was counting on profit taking and oil retreat at these levels, and job report came as icing on a cake. I read IMT and tweets about CAD views, but my indecision comes from no news for CHF until friday. I closed most of my position on this pair, and I got stuck with seeing 50% chance of CAD continuing upward trajectory (housing # expected to show improvement), and 50% chance of CAD losses towards 1.0400.
I guess my question is can we see CHF strength or weakness next week without any news, bull or bear on CAD/CHF next week ?
Thank You
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there is saying in FX " USD is the worst currency, except all the others", and on the question to Warren Buffet " if you would have to transfer all your USD cash, what currency would you buy? " He answered "CHF, because I would loose the least"
Frank is not tied to commodities like (AUD,CAD,NZD), Swiss neutrality and bank secrecy (currently it's in question, but we shell see) provide safe haven, and economy has steady pace (no huge swings) Switzerland does not have astronomical national debt like USD, GBP, JPY
my favorite reason to trade CHF, particularly EUR/CHF is SNB and their interventions. National Bank is trying to scare people from buying their currency against EUR. Personally, I think it is most predictable pair on the market for a while now.
Question about CHF is "why you would' not buy CHF"
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it is much better when you can connect person with the name on forum box. I would like to sell JPY pairs, but will still wait for march to officially finish (japanese repatriation)
Ashraf,
hope you are going to have more N. America presentations
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I have to admit that on the end I did not catch USD/JPY on its "leap" higher. On few occasions I entered the trade and exited on bounce of the channel, or I was stopped out for moving my stops. Honestly I lost faith in the trade, and later could not convince myself to take it again, so I was just a observer for the last couple of days. It was obvious that pair is about to make huge move in some direction, and I hope that You will have time to explain how did you "saw" the move higher, even when the pair was bouncing in range for couple of weeks. Watching the TV many of the analysts would simply said they don't know about that pair, or switch the conversation to some "better opportunities" to trade. You mentioned JPY weakness in some IMTs and twitter but that pair was still in caged in 89.50 -91.00, so for me it was impossible to stay in a trade and keep the bull in me. I am not sure is it long or short explanation, but I would like to know what are the signs that kept you bullish on this pair for three weeks?
Thank You
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see You in Toronto...... finally...... I hope you will have time to sign my (your) book
I had great success so far playing my trades in USD favor since you indicated it in December, esspecially with MEGATRADE USD/EUR from 1.51. Lately in media you were mentioning there is more USD strength to come. As far as I can notice lately market moves in USD favour regardless of the news. My question is ; in which instances is USD loossing ?
I know that you don't disscuss USD/SEK, but latelly I heard some good arguments to go long on this pair. Do you see big lossess in SEK, in case of more USD strength ?
soooo sorry that i could not make it in NYC.......I'll wait 'till Canada
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