New here, hi

[yup777]

Not knowing this great site until recent days, greeting all~

I would like to keep posting comment + recommendation here~

Relative strength among major currencies in next trading day:

GBP>JPY>USD>CHF>EUR>CAD>NZD>AUD

Recommendations:
AUDUSD: Sell at 0.6605, SL - 0.6640, TP - open

NZDUSD: Sell at 0.5905, SL - 0.5935, TP - 0.5845

USDJPY: 1) Sell at 118.10, SL - 118.45, TP - 117.25
2) Sell on break at 117.55, SL - 117.95, TP - 116.75

EURUSD: Sell at 1.1365, SL - 1.1400, TP - 1.1310


Prospects of a faster global economy recovery has continously pressured euro which caused the medium term trend top at 1.1935, while this correction has not due yet, targets at least to area like 1.11 before some substantial rebound, which provides a good opportunity on building long-term euro short position (@ ~1.1450).

The continual euro weakness has inspired global investors to stimulate the capital outflow from high yield currencies, AUD/NZD/CAD may take 1-2 days of consolidation around current levels (0.6545-0.6610, 0.5850-0.5900, 1.3685-1.3760) and dollar will surge them again on Friday or early next week...

Yen will soon be the star among G7 currencies (I expect it takes place within 2-3 months), despite active intervention by Japanese official, the demand on yen does not seem shrinking while Nikki is very probable to initiate a long-term bull market, with US economy recovery, japan will be benefited in a larger extent. The nearby region, China Yuan appreciation talk will also create conditions for appreciation of Yen...

I know I should not make long posts under this area but please forgive me on my introduction.

Goodluck~

[chaos]

Hi yup777,

Great to see you here. I've been following your postings at Oanda with much interest.

This will give me yet another reason to check into Moneytec on a regular basis.

All the best,

chaos

[rezo_s]

Indeed. Very warm welcome, yup777.
The more experienced traders we have here, the better perspective on market we get.
I agree with you on yen - I'm expecting the major move down on it for about 3 months now. At the moment, first signal for the move may be a break of recent poor range in 117.xx-119.xx.
And another thing: why you think long posts are not to be posted in this area? the bigger - the better . Especially from ppl like you. You're talking market. So what if its long post? You werent discussing a book. .
Once again, good to see you. Hope to see more and often.

Good Luck, and Good Trades,
Rezo.

[eka sutikna]

how do you do yup777, great posting ...

regards,

eka sutikna

[yup777]

Thank you for all your warm welcome and support...

Just get up from the bed and know that most pairs I suggest is unable to open position except EURUSD...

Current open position: Short EURUSD at 1.1365, with market moving at my anticipated direction, I will lower the SL to 1.1375, still targets 1.1310...

I have to check what happened to AUD & NZD, just because AUD unemployment rate hit 6.1% to trigger the new selling pressure?

The downmove on AUD, NZD was much earlier than I expect and this time, despite a strong rebound from today's low (AUD 0.6485 & NZD 0.5760) has been seen, I will still suggest to sell these currencies at a lower level to catch another downmove although consolidation phase should appear but the phase just delayed...

CHF looks strong which keep pressuring USDCHF and all CHF crosses, market sentiment is to liquidate all the high yield currencies while flowing into low yield currencies, EURCHF has made a new low and the recent uptrend may have been halted into a consolidation phase, however, this CHF strength can be reversed once the ECB and BOE announced rate tonight so make a look on EUR, GBP and CHF at around 11:00-12:00 GMT...I will be more bias on selling CHF and buying GBP on crosses...

Keep the sell on break strategy on Yen and the entry point of sell order of 118.10 should be revised, lower it a bit to match the current market range...

Here are the recommendation summaries:

Orders:
AUDUSD: Sell at 0.6545, SL-0.6575, TP-0.6490
NZDUSD: Sell at 0.5850, SL-0.5885, TP-0.5780
USDJPY: 1) Sell at 117.90, SL-118.20, TP-117.25 or
2) Sell on break of 117.55, SL-117.95, TP-116.75

GBPCHF: Buy at 2.2200, SL-2.2100, TP-2.2400

Position:
EURUSD: Short at 1.1365, SL-1.1375, TP-1.1310

Goodluck~

[bigfigure]

yup777

When did you sell Euro/Usd @ 1.1365?

[yup777]

Sorry...and thank you for your correction~

EURUSD was not opened yet, change the EURUSD sell order at 1.1360, SL- 1.1390 and TP - 1.1310...

That is why I hate to retrace chart after getting up, I used to make mistake here...

Btw: GBPCHF long was just opened, 2.2200, TP-2.2400, SL-2.2100

On my personal trade, I kept my short order of NZDUSD at around 0.59 figure, also I am keeping my long-term CHFJPY short position~

Goodluck~

[bigfigure]

Thnx for clearing that up...