EURUSD

[beast_master]

The ERUSUD short I had was almost stopped out at break even. Ilang pips na lang madadali na hehe. I believe risk appetite is here to stay. Looking at the S&P it has rallied sharply on closing making a strong close to end the week. Somehow it has managed to avoid the so-called "death cross" (50 mva crossing 100 mva). Why the S&P is so important? It's because it's a strong indicator of risk appetite. Having said that, risk currencies like the AUD and the rest of the comm dollars shall lead the pack to continue the rally. Unless of course there are bad news over the weekend, I may hope to get in at a better price to short the EURUSD.

[yeahbah]

Mukhang no trades this week ah, wala akong makitang setup

[hunter]

looks like s&p formed a double bottom.. but then, what do you guys think of shorting it @ 1.2430-40? down to 1.17?

[beast_master]

Having the S&P breaching the 200 mva is questionable. I am not buying it. I would like to see how it closes the week.

As for the EURUSD, I have entries to short at 1.22 and 1.23 and every whole numbers it will encounter in the near future. Nag co cost averaging na nga ako sa tamad ko na mag analize. LOL.

[yeahbah]

so investor ka na rin ngayon hehe

[beast_master]

haha! a long term investor at that. Nakakainip kasi mag antay maghapon ng setup. What I did is just place entry orders at whole numbers. each with appropriate stops. Then just go away. Medyo busy na eh hehe.

[hunter]

maybe traders and investors are covering their shorts.. kaya pumitik to ng pumitik.. hehehe.. rally muna pataas, then shorts again.. hehehe..

margin trading po ba kayo? hehehe..

sell on summer and go away? ^_^

[yeahbah]

masyadong peaceful yata ang forex lately he he

[hunter]

masyadong peaceful yata ang forex lately he he

dami na ata nag bakasyon.. hehehe..

magagawa kaya ng spain ung bond sales nila? you guys bullish or bearish on eu now?

[yeahbah]

neutral lang ako dahil palutang lutang lang ang chart