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Posts by "montmorency"

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678 Posts Total by "montmorency":
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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 21, 2010 17:59
In Thread: Don't Forget the Yen
OK, I was away from the computer all afternoon - can anyone fill me in on why USD/JPY fell so far, so fast?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 21, 2010 13:46
In Thread: EUR Trade Index 18-Year Chart
@Speculator: Seems to be faltering for the moment. Maybe that GS earnings had a delayed negative effect after all. Let's see what develops. Must admit I was pleased to wake up to a cable collapse this morning (which has recovered a bit since).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 21, 2010 13:06
In Thread: Euro's Dead Cross
@Xaron - "Anyway for me this looks like the typical markets exaggeration and a good dip buying opportunity where you can scale in down to 1.38/39 for targets of 1.45-50."

Alternatively expressed could be "Short down to 1.38/39" then go long ..." (for anyone not already long and whose account doesn't allow them to hedge... :)

Long term I'm personally bullish Euro, bearish USD, but short term seems different.

I suspect you are right about what the US really wants. I suspect the UK really wants a weak GBP too. Race to the bottom... ;-) (What makes cable such "fun"...).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 23:34
In Thread: GBP Trade Index 18-Year Chart
@Said: Can you please clarify what you mean by "10660"?

Obviously a typo but I can't work out what you really mean.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 23:15
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
@Maciek: Nice one...alternatively, you could buy some physical gold for a bit of security....
(mind you, make sure you don't buy any of that fake stuff...)
:-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 20:22
In Thread: Euro's Dead Cross
(Like Rob, my vote on Twitter was also with a different nickname to the one used here (this one is common enough to have been taken already in what is presumably a huge user population, though I didn't check) in case you thought I didn't vote - I definitely did :-) )
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 17:16
In Thread: EUR Trade Index 18-Year Chart
Ashraf: I'm still finding it kind of hard to believe EUR/GPB's continued tumble.
Could it get down to 0.8660 in the near-ish term?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 20, 2010 13:12
In Thread: Euro's Dead Cross
Ashraf: Your twitters and much other work really appreciated - thank you.


Looking at the daily chart for cable, do you think that it will have to get down to the lows of Friday (1.6210 or so) today to confirm its downward turn? (or if not today, then soon)?

On my chart I have converged EMAs 200 & 150 acting as resistance-turned-to-support, which today would be around 1.6220, which it would have to break.

There would seem to be plenty of downside potential below there.
montmorency
UK
Posted Anonymously
14 years ago
Jan 20, 2010 11:14
In Thread: More Euro Losses Ahead
@Said: Yes, emotion, fear and greed are the enemies of the trader. Hard to keep them at bay though.
We have to understand that losing is part of trading, just as much as winning, and not take it badly.
I've had 4 losing trades (AUD/JPY and EUR/GBP - 2 of each) in the last week or so, big enough to hurt, not big enough to kill me, but painful because (probably) avoidable. Hope I've learned some lessons out of it. What is difficult is to resist the temptation to "revenge trade". I'm keen to climb back on the EUR/GBP horse. Every time I think "surely it can't go lower...", it does just that. However, ~0.8700 is looking like a bit of a floor.......thoughts anyone?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 22:27
In Thread: GBP Trade Index 18-Year Chart
@Said: Yes, maybe. Got to clear the 1.63 region first though, IMHO.

("Disclosure": my judgement may be biased, as I _want_ it to go this way :-) ).
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