JonSnowのブログ

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Volatility is The Name of The Game

What a great start of the month with the dollar finally showing some signs of life! In a few days most currencies erased their few week-long gains against US dollar, except Japanese yen of cause which in the off-risk environment with crashing equity markets is strengthening.
From the first day of the February Contents I was dollar long, and yen long and I got hefty rewords from my positions. Unfortunately, I closed my USD longs (against euro and the sterling) too soon. It was the fear of a viol…
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Next Week Trading Plan

Just reviewing charts and making the initial plan for next week trading, I can't help to notice that both AUD/USD and NZD/USD charts look like there is no more buyers at these high levels. And both pairs have reasons to fall much further as Australian dollar had a dubious employment data and new Zealand dollar was sold off because of very weak retail sales.
Considering the FOMC Minutes release coming this week my general plan is to go long with US dollar again. Most major pairs are expected to …
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Cable Reversal

Yesterday I sold the pound against both the USD dollar and Japanese yen. At some point both trades were more than 100 pips in the positive territory but I didn't want to close them to early, as I expected more gains. It was the violent way the pound went down that convinced me that it might be headed to 1.2200 region. When cable started pulling back up I considered this just a pull back and I was still confident that it would go down again. And for some reason I failed to adjust stop losses.
Ho…
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Next Week Trading Ideas

My trading ideas for the next week are not that different to what I was trying to do last week.
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I would like to buy USD\JPY at 124.00 with a target at this year top around 125.80.
I still have plenty of appetite to sell GBP. UK CPI data this coming Tuesday will be disappointing so the only question is: can I get a short position at 1.5680-90 band or it will be just above the last week closing price around 1.5650-60. Shorting GBP\AUD should also be a profitable trade because I expect another …
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Open Sentiments

Looking at the open sentiments graph and again there is such a difference between demo and live accounts. Among demo traders there are still long GBP\NZD positions. With live traders long Yen seems to be the theme of the market sentiment with USD\JPY & NZD\JPY leading.

Last Friday dollar appreciated post NFP release but quickly lost its steam and not only erased the gains but actually lost against most majors. It held relatively well against GBP and CHF. I made most of my profit on shorting t…
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speculo_ergo_sum avatar
speculo_ergo_sum 2015年08月09日

I am very impressed with negative sentiments on AUD (live accounts)

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speculo_ergo_sum 2015年08月09日

hm..... inetersting, what`s your take on AUD and NZD

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JonSnow 2015年08月09日

My take is that when it starts the correction the potential will be much higher with all these short positions. So, maybe not just 0.7540-60 but all the way to 0.7670(100MA on daily chart)-0.7700

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speculo_ergo_sum 2015年08月09日

I see, short covering might amplify upside move

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GBP Getting Election Jitters

Yesterday Sterling made an impressive drop and I expect this trend to continue at least till election results are out.
I few days ago I was reading an interesting commentary about how pound always drops starting about 2 weeks before elections, but as dollar traded last few days on back-foot(at least till Friday), cable just tagged along all with the other currencies leading by euro. But that has come to a sudden end.
That's why I left my GBP\USD short position open for the weekend hoping for a…
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Natalia_Kisenko avatar
Natalia_Kisenko 2015年05月02日

when will the election finish in the UK?

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JonSnow 2015年05月02日

Elections are May 7th but it might take a while before the "dark clouds" hanging over British pound blow away :)

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Natalia_Kisenko 2015年05月02日

thanks...  do you think british pound will move down some time after the election?

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JonSnow 2015年05月02日

that depends on the election outcome

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