Comments on: Thread for Thursday Traders

By: Triffany

Triffany — Fri, 19 Feb 2010 13:36:25 +0000

Sorry…I wasn’t around in the last part of yesterday. But I did think the gbp/chf was going to tighten longer than it did. I expected it to still be rangebound today actually….but it isn’t.

I think after such a huge USD buying spree we’ll see some profit taking on the part of the pairs today.

By: JerryN

JerryN — Thu, 18 Feb 2010 18:27:24 +0000

Perhaps GBPUSD, bouncing off the support is now an interesting Long?? What think, Ms Triff and Aby?

By: Aby David

Aby David — Thu, 18 Feb 2010 18:01:42 +0000

Just let me know 1 thing … I got in on the GBPUSD on the break of the tight box it was in for a while, how did everyone but me seem to know that it would dump right after that ??? (this is exactly why i hate this pair) !!!

By: JerryN

JerryN — Thu, 18 Feb 2010 16:58:42 +0000

Yes, surprised you’re trading on a Thursday! Happy for you…. The 4 hr GBPCHF does concern me…. How much “tightening” might it have?? -:((

I confess – long on 1 hour was quite impulsive…. for shame… This has been a bad week – our Internet has given us many problems so yesterday we worked until 11:30 locating the problem (cut cable). and I took a loss when I slipped a digit on a trade….. etc. My timing is off, so I am basically waiting for next week.

By: Triffany

Triffany — Thu, 18 Feb 2010 16:44:33 +0000

Look on the g/chf 4h. I think it has a lot of tightening to do before it decides.

That’s ok. I was already short the u/cad. I guess I should’ve just taken the u/j instead, I’d already be out of the trade with a synthetic cad/j and still had my u/cad to go. Oh well. I’m still happy with the trade (even though its on a Thursday).

By: JerryN

JerryN — Thu, 18 Feb 2010 16:28:25 +0000

shhhhhhhh i didn’t take your CADJPY…….

By: JerryN

JerryN — Thu, 18 Feb 2010 15:58:12 +0000

Agree. But as a government strategy, it is a justifiable approach in addition to other priorities.

What about the GBPCHF? its meeting reistence here…..

By: Triffany

Triffany — Thu, 18 Feb 2010 15:54:30 +0000

I hadn’t thought of that, actually.
It does make sense, and you can add it to the list of reasons why the jpy is long overdue for weakening.
But I imagine that they’ll let the dust settle on this for a bit and get a favorable opinion on Toyota in general again before making any major moves – at least in regard to Toyota specifically.

By: JerryN

JerryN — Thu, 18 Feb 2010 15:21:37 +0000

It seems to me that with all Toyota’s problems,,, Japanese government will be pressing hard to weaken the JPY to assist exports in support of Toyota……… Is that logical or not?

By: Triffany

Triffany — Thu, 18 Feb 2010 14:51:55 +0000

I’m watching that g/chf tightening as well, but I’m not in anything on it yet.

I did take *shhh* don’t tell anyone, a cad/j long on the bounce. We’ll see if that works out.