Блог kostas19

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A day of huge volitility

Hi traders,
To sum up the latest trading session, everything went as expected. The pound made new lows always across the board. The Yen generally strenghtened. The next trading set up im waiting for is a 2 3 day retrace/ concolitade in these pairs after which new shorts await us.
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EURope session activity

As expected markets didn't move big today. The only thing as a trader that you shouldn't be doing in these conditions is get in and out of the market frequently. Just pick a reletevely good entry relative to the last few days and hold. Hopefully things will pick up in my favour during the asian session.
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Macro events shake the FX markets.

Hi traders,
My sentiment on the market at the moment is confirmed by the English vote to leave the Euro area. In my opinion its still 50 50 if England are actually going to leave, but the uncertainty will drive the pound a lot lower, consequently it will drag the euro with it. I also like the JPY beause it acts like a safe haven among currencies when things get back in EU or USA. Here are some charts that broke down on the macro scale.
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Finally won a prize :)

Congratulations to all December winners.
I only needed 2 years of participation in the trader contest to get in the money. I hope its not the last prize won. Hope you all have a good weekend. Not a great start of this months contest, but hopefully I can catch up in the coming weeks. Still shorting the EURO GBP CAD AUD.
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Oil big slump today

Load up on oil sensitive currencies today, because tomorrow there will be some kind of a bounce of oil. I presume the bounse is going to be for at least two percent. I personally like buying CAD/ JPY, sell EUR/ CAD, sell USD/ CAD(very short term for this pair).
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USD/ JPY

The pair is coming to desirable levels for going long again. The stop might have to be a bit wider for this trade, because of the possible spikes down to 116, but I see this as the more unlikely scenario because the US dollar is being very strong at the moment.

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Every bounce in the Euro is a gift to short

My view on the Euro is extremely negative for the near term. I urge every trader that does not have a short position in any Euro positions to get in one now. I see 5 - 10 % devaluation for Euro Usd for the next 2-3 months, even heavier drop against the JPG/ AUD/ CAD.
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Ehort the euro

Yesterday was a very choppy day. The market struggled to find a definit direction. I shorted the euro all day which ended up with a small loss at the end of the day. My toghts for the market for today are the same as yesterday. Sell the euro sell the cad and aud. Maybe buy one jpy pair just to own one. Buy the dollar aginst the rub and zar.
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Oil sensitive currencies

Oil sensitive currencies are going insane today. Dropping 100 points in 2 3 h after the strong oil rebound today. The the small rally in oil be sustained in the coming days/ weeks. If so there are a lot overextended currencies to play. Such currencies are the CAD, RUB for example.
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USD/ RUB might visit the highs around 80

The pair just broke the very important 70 level. If oil keeps going down this pair could revisit the highs of 80. This is also supported by the political tensions between Russia and Turkey. Global low oil prices cause oil producing/ emerging market countries currencies to devalue heavily against the dollar.
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