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Posts 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 15, 2010 20:31
In Thread: EUR Trade Index 18-Year Chart
BTW, and for what it's worth, my "prediction" of January 13, 2010 21:38, for EUR/USD, which was based entirely on price-action (a bearish daily pin bar or inverted hammer), worked out reasonably well, with a partial fall the next day, and a bigger one today.

Today's bar is looking pretty bearish to me, and on that basis, next week should also be down, with perhaps a bit of a bounce first. However, we have the US holiday on Monday to distort the market.

For what it's worth this week's weekly bar is a bearish pin bar (almost) although it is not ideally placed (it should be at the end of an upswing, whereas it's on the end of a consolidation. Still I will be looking for shorting opportunities next week.

This is not any kind of recommendation.

Trade safe; stops and money management always.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 15, 2010 20:03
In Thread: GBP Trade Index 18-Year Chart
Well, well, it's been quite a week (but aren't they all).

I made a few pips shorting EUR/USD, a few more pips shorting cable. Profitable positions now closed for weekend. One small one slightly under water in Euro, and others in cable (but they have enough "air" to breathe and I can wait for them....). Will look to open up a short position in cable at market re-open if there looks to be a good bounce. Should have made more pips today really, but bad timing.

Now long in EUR/GBP from 0.8838. hm... BTW, that guy I referred to from the other forum looks to have got all of his short move and a little bit more if he wanted it (target was 0.8830).
(long EUR/GBP is cheaper to hold over the weekend than short EUR/USD at least :-) ).


Got burned early this morning on AUD/JPY. Ouch, especially as it was probably avoidable. Still, we lose and learn. I'm guessing that the drop was driven by the drop in gold?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 15, 2010 18:40
In Thread: AUDJPY Clarifies the Hint
@rkkashmir: you said "I meant i feel gbp/usd is 300 pips too high ".

So did I.
Unfortunately, the market does not ask our opinion on this matter.
Fortunately, it's now only about 200 pips too high! :-)
montmorency
UK
Posted Anonymously
14 years ago
Jan 15, 2010 18:29
In Thread: Gold & Yen's Perfect Desert Storm
Well in fact it didn't go to 1.64 and is currently 1.6242 so simao's position would have been in the money by now.

Seems to be finding support around there, at least for the time being, but the tide seems to have turned somewhat
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 15, 2010 16:09
In Thread: Will the Fed Raise Rates in 2010?
VOTE:Yes, in Q2

Fear of inflation (real or imagined danger); Fed not wanting to appear too doveish. By then there will be other hikes around the world.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 14, 2010 2:04
In Thread: EUR Trade Index 18-Year Chart
Well, my AUD is +ve again. My EUR/USD is (slightly) under water....glug glug...
...see you tomorrow morning (maybe) .....glug.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 14, 2010 2:02
In Thread: EUR Trade Index 18-Year Chart
@Chloe: I'd find it hard to believe the BoE would do that now. Apart from anything else, on top of all this snow....seriously! It would NOT be good news.

ECB, maybe ....?

Who else is a candidate...?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 14, 2010 1:59
In Thread: EUR Trade Index 18-Year Chart
Nzvik: It's hard to argue with you mate ....

Still, we make our own beds...
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 14, 2010 1:52
In Thread: EUR Trade Index 18-Year Chart
@Chloe: Take it from a Brit: our people are masters of doublespeak. Don't believe a word of it....
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 14, 2010 1:51
In Thread: EUR Trade Index 18-Year Chart
@PippedOff: Funnily enough, I incorrectly remembered the AUD call, and went long, went back to check, realised my mistake....but I was up 30 pips :-) took this off the table, and re-entered
(long) later anyway...c'est la vie. Scientific trader I am not. Not very, anyway).


But as I said before, I've been wanting to go long AUD. Seems the right thing to do...


(Don't trade like this at home, kids...).
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