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Posts by "rob"
366 Posts Total by "rob":
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Posts by Anonymous "rob":
Thanks for all the comments below, learning a lot from others questions and your responses. You mentioned the AUD/NZD short being a good long-term trade. Would you also consider the NZD/JPY short a good long-term trade as I believe you had mentioned it should fall down to about 50? Also, it seems as if it has "no chance" of breaking far above 60 (so no reason to rush and take profits), even if equities sputter out a few more gains before the inevitable pullback. Your thoughts? Thanks for all!
No, I wasn't referring to the "downtrend line resistance..." - but thanks for mentioning that. Interesting article about Grantham, let's hope that possible "freefall leg" he mentioned comes soon, for all of those with risk aversion trades in place. Seems like the Dollar is getting crushed across the board, but the Yen seems to be holding up (at least better than the Dollar). I'm just still wondering what it will take for stocks to go down, considering the stress tests and unemployment numbers were very well received. Have a great weekend!
Very nice analysis - both technically and fundamentally, for equities, currencies, and metals. Considering the above info about the EUR/USD 200-day MA, would you agree that this a great time to short EUR/USD and pretty much be at the top of a downward channel emerging? I suppose we could say that about all the risk appetite trades though, esp. EUR/JPY and all Yen crosses - if in fact this is really the end of the bear market rally. Took your advice and shorted NZD/JPY - thanks!
Any thoughts on those who are long GBP/USD other than going long EUR/GBP - it's seems to want to hold support at 1.5000 -
How do you feel about the PPI numbers for the UK? Do you think that will have any significant impact, or should we just keep our fingers crossed that stocks recover?
Thanks for your help!
Any thoughts on BoE and ECB interest rate decision would be greatly appreciated! Thanks
Yesterday's EUR/JPY chart was fantastic -- only thing was that I took profits too early - if there is such a thing. Can't complain about taking profits! Thanks.
Is NZD/JPY hot-chart with H&S and 50 target still valid? Thanks
Also, am I correctly seeing a head-&-shoulder formation in 4-hour gold/USD chart? Perhaps headed down to 870? Or should I just keep my nose out of technicals? Thanks in advance