Comments on: More contradicting data.

By: Trichet wants strong Dollar, too | fxmadness.com

Trichet wants strong Dollar, too | fxmadness.com — Thu, 03 Dec 2009 16:30:34 +0000

[...] look, strong Dollar is desired. Let’s not forget our own financial authorities. FED chairman Ben Bernanke believes in the strong USD, and so does Treasury Secretary Timothy Geithner. Now with Trichet on board, this should be a done [...]

By: Happy Thanksgiving! | fxmadness.com

Happy Thanksgiving! | fxmadness.com — Wed, 25 Nov 2009 17:17:41 +0000

[...] were today. They contradict with recent statements of officials. For example, recently chairman Bernanke expressed concern with falling Dollar. After all, he also “supports strong Dollar”. According to minutes, however, dollar [...]

By: Samurai Bonds. | fxmadness.com

Samurai Bonds. | fxmadness.com — Wed, 18 Nov 2009 16:41:58 +0000

[...] the last post I touched on Kamikaze Currency, the Pound, which is jumping like a yo-yo, with contradicting data, seemingly emerging daily. Today was no exception. Yesterday I joked about Bank of England minutes [...]

By: admin

admin — Wed, 18 Nov 2009 07:20:31 +0000

Well, yes, it is a nice bullish candle, but it is a little out of context- there is no reversal here, no move out of continuation pattern. Just a candle in the middle of the move, not really important by itself, as seen on 1H chart.
More important bullish candle, though smaller was about 11 H ago, following hammer at around 1.5620-25. Reversal pattern, with small risk so close to support…
I took it and just got out at 1.5676. Region and time of indecision.

By: Prudence

Prudence — Wed, 18 Nov 2009 06:58:40 +0000

Sorry, I mean for EUR/CAD.

By: Prudence

Prudence — Wed, 18 Nov 2009 06:58:03 +0000

Is that candle at 19:00 bullish enough? Do you use the same size graph to pick everything from the trade to the stop?

By: admin

admin — Wed, 18 Nov 2009 05:05:24 +0000

Yeah, Max. Interesting, maybe. Just because there was reaction last month, doesn’t mean there will be one today( for me it is still “tomorrow” right now)We’ll see.

By: admin

admin — Wed, 18 Nov 2009 05:02:15 +0000

Good to hear it Paul. EUR-GBP is probably not over yet, but nothing wrong with taking 40-45 pips profit. You can always reenter.
Thing about following somebody…. You still should do own analysis and only take trades that line up with your views. Among other things it builds confidence.

By: admin

admin — Wed, 18 Nov 2009 04:44:36 +0000

Grace, very smart decision- if something doesn’t make sense, why fight it?

By: Maxim

Maxim — Wed, 18 Nov 2009 04:00:42 +0000

Now that you brought up reaction of pound to the news, it will be interesting to see what happens when the minutes are posted later on. I never paid any interest to them before, and I know you don’t respond to news, but after reading todays post and the one from last month, this whole issue piqued my interest.