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[Purple Brain]

Large gap in the USD pairs. Volatility high at the moment on news of Larry Summers having withdrawn from consideration as head of the Fed.

Peter

Strange old world. Summers would have been an obvious factor in higher volatility - in keeping with his own mercurial style - if he became the clear front runner - but leaving the field wide open for Yellen you would have thought would have had quite the opposite effect - a calm hand on the tiller.

Goes to show you can't 2nd guess the markets.

 

[wackypete2]

short eurjpy 132.24 stop 132.40 target 131.96
Same trade exactly, retry!

Peter

Target hit overnight +28

Peter

 

[wackypete2]

Pending trade for overnight:

BUY Limit nzdusd .8160, stop .8120, target .8220 --- 1/2 position

Peter

Order not filled, cancelled

Peter

 

[wackypete2]

Buy eurjpy 132.49
stop 132.36
target 132.64

 

[wackypete2]

5m chart
Short and Long term trends are up.

Peter

 

[Liquid validity]

Strange old world. Summers would have been an obvious factor in higher volatility - in keeping with his own mercurial style - if he became the clear front runner - but leaving the field wide open for Yellen you would have thought would have had quite the opposite effect - a calm hand on the tiller.

Goes to show you can't 2nd guess the markets.

Yellen may not be as likely to further dismantle regulation,
we'll never know if Summers would have done that
(the stain of previous regulation dismantling was his undoing).

Flipside is Yellen is seen as more likely to continue
FED intervention by pumping money into the markets for longer.
So she may well not be the calm hand on the tiller long term...
Markets don't care, they get to risk more money hot off the press for longer.
Until it hits the fan...

 

[wackypete2]

Buy eurusd 1.3364 stop 1.3352
target 1.3378

 

[wackypete2]

very ho-hum so far
pip up, pip down...

Peter

 

[wackypete2]

exit ej 132.43 -6
exit eu 1.3361 -3

no movement and set up no longer valid

 

[splashy]

long dax 8701, stop 8

 

[splashy]

long dax 8701, stop 8

out for -8.

 

[FX punt]

Been on holiday for 1 week. I shall continue posting til the end of month.
I sold aud jpy 92.27 and have 45 stop.
I actually sold them much earlier but didnt get chance to post.
As its back up now i guess i can say !
Missed my first pt by 2 pips and looks risk on for now.

 

[Purple Brain]

Talk of the devil.

Both your good self and the pair in question.

 

[FX punt]

s/l out at 92.465

 

[FX punt]

bot nzd jpy 81.32 with 10 stop. This will be last deal of day. Don't want to over trade in rangebound market. Guess depends on U.S new home sales at 3.00 uk time

 

[Purple Brain]

bot nzd jpy 81.32 with 10 stop. This will be last deal of day. Don't want to over trade in rangebound market. Guess depends on U.S new home sales at 3.00 uk time

Does US data normally have a significant impact on non-US denominated pairs?

 

[ForexLion]

Short EUR/USD Looking for support area to resume the uptrend

 

[FX punt]

Does US data normally have a significant impact on non-US denominated pairs?

Yes U.S data should move JPY crosses
when market is in "risk on" "risk off" mode.
AUD JPY and NZD JPY often move on U.S
data. A good number should encourage buyers
of JPY crosses.
Recent months have seen USD buying on
good U.S numbers but feels more like
JPY cross on first day back from hols.

 

[FX punt]

My stop raised to 81.17
10 pips away at present.
Choppy directionless market.
Don't want to loose too much
on days like this !

 

[Purple Brain]

Don't want to loose too much
on days like this !

Aw...come on, join the club!