$/Swiss, Finally Covered Month Long Short….

Tuesday, July 13th, 2010

In the July 1st email on $/swiss, affirmed the short position (sold on Jun 15th at 1.1330), but warned that despite no signs of a bottom “pattern-wise”, risk in the position was clearly rising after the sharp decline from the Jun 1st high at 1.1730. Said to use an aggressive

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$/Swiss, Finally Covered Month Long Short….

Trade Idea Update: GBP/USD – Hold short entered at 1.5050

Monday, July 12th, 2010

Cable’s rebound after intra-day selloff to 1.4949 suggests caution on our short position entered at 1.5050 and the Kijun-Sen (now at 1.5070) must hold to retain our bearish view for the decline from 1.5241 top to resume, break of said support would extend weakness towards 1.4899 (38.2% Fibonacci retracement of

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Trade Idea Update: GBP/USD – Hold short entered at 1.5050

Trade Idea: AUD/USD – Short entered at 0.8500 met target at 0. …

Tuesday, July 6th, 2010

The Australian dollar fell to as low as 0.8317 this morning (just met our indicated downside target at 0.8320 and our short position made 180 points profit on such a move), however, as aussie has then staged a strong rebound after holding above previous support at 0.8315, suggesting further consolidation

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Trade Idea: AUD/USD – Short entered at 0.8500 met target at 0. …