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VICTOR - THE POUND -- GAINED 200+ Pips...

Hello All,
Referring to my last few blogs and this one in particular - " JPY vs. GBP - Who will be the Victor?"; we clearly saw Pound stretching it's BULL run once again across all it's pairs. It was once again - GBP the Victor!
My Trades - I made a nice 200+ pips rally combining pairs like JPY and AUD.
I know i made a bit of a mistake by keeping tight stop loss before going to bed. And as a result i got stopped out by ONLY FEW pips (5 pips to be precise- ouch!**) and then the rally continued a…
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2014 WEEK 3 - POTENTIAL TRADES

Hello All.
I hope you had a great weekend and ready for some good profitable week ahead.
I feel that this week is going to be particularly heavy on POUND, YEN, AUSSI and CAD based pairs. Amongst, i think the most volatile pairs would be GBPJPY and CADJPY, provide they meet my expected FUNDAMENTAL criteria.
Criteria:
1) UK datas should be positive - I expect them to be... especially jobless claim / unemployment rate and BOE minutes on Wednesday. This will ensure the bull run of POUND, and help r…
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Convallium avatar

I like your point of view!

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NFP NEGATIVE BUT EMPLOYMENT POSITIVE – USDJPY down, why?

Big slip on the NFP figure but impressive improvement/reduction in the unemployment rate – was pretty surprising.
How did you interpret this?
USD bias was Bullish, but disappointing NFP crippled Dollar bullishness. And, JPY was fairly Bearish, however, improved
unemployment suddenly changed it’s bearish outlook into Bullish. This is despite the long term Bearish bias.
Why? I wondered.
Then I understood the connection – improved employment in US is a big push for US to not only be firmer on their…
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Daytrader21 avatar

The fact that we had such a big miss in the nonfarm payrolls numbers was reason enough for the dollar to sell off. With the equity market is a win-win situation no matter what the numbers is because bad numbers translate into postponed further QE cut and if good NFP number also good for the market.

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