Long USDJPY. Nice pin on the 200 EMA on daily chart. Yen weakening fundamentally as well.

flat - small profit but changing my mind on stuff today.

AUD/USD formed a hammer today as well, Zen. That makes AUD/JPY a double hammer.

Apart from my beloved pound and the aussie, the markets are pretty unconvincing for me. Bring back armageddon, that's what I say. I feel atrophy in my fingers...I have now watched every youtube documentary about the Illuminati (twice), and have caught up with all the porno flicks that I missed during the turmoil of recent months. I feel the 'Weapons of Ass Destruction' series is getting a rather tired formula. Or perhaps it's just me.

According to the 'cycle gurus' the Dollar will strengthen big style next week, particularly against the Euro.

Short USDCHF @ 1.1550. Looking to add all the way to 1.1650. Looking for about 400 pips on this IT trade. Also Short GBPCHF @ 1.7165 adding all the way to 1.7280. Looking for about 300 pips for this trade.

Mike

short AudUsd... weekly star, stoh curling on high on weekly, daily crossed down and looks to be topping...

HOLY COW look at that PPI number for AUD - didnt check the news. Ouch thats nasty. First signs of de...flation.

niiice. out flat - good run.

Hunting for a trade... Long GBP/CAD of all weird things...

Quote:

HOLY COW look at that PPI number for AUD - didnt check the news. Ouch thats nasty. First signs of de...flation.

NO!! Link? ..although i'll probably see it on Bloomberg. Dammit, though, I was really planning on the aud/jpy carry trade for a few months, and now they will have to cut and cut. UGH!! Excuse me for a few minutes, I'm gonna go stand over there and be disgusted with everything for a while.

was on forexfactory - first negative print for them I think. was -.4 or something... Deflation going global? That could be impossible to stop.

flat again, up about 200 pips on that one... other pairs from what I can tell are not in a mode to give entries... will check at EOD

Shorting EURCHF....

Zen,

do you see the evening star on the usd/chf daily? I want to short it but I think we will get a reversal to the upside tomorrow. I just do not know what the low would be or we may already have it @1.1635?

Mike

I dont like it - weekly stoh is bullish still, and daily is turning down - it could end up going sideways or even faking out and breaking up. I *would* take a long on it though if it were to go down to the bottom of its pattern and daily stoh turned back up.. I use SSD 5,3,3.

Looking to short usd/jpy if it breaks above 99. I see a upward daily channel with the bottom of the channel @ 96.20 ...If we break that we are looking at 94.50 as the next support. After that we go to 92 then testing 89 for the NOV and Jan low. Thhis implied that the low 120 for gbp/jpy and 1.10 for the eurjpy. One day at a time right...? :-)

I may be looking for a long on that one if it does the right thing tomorrow... Otherwise it may present a good short sometime next week...

Still short EURCHF - good thing I have a WIDE stop. Holy cow what a nasty looking chart. Talk about price instability...

Long AUD/NZD...

FLAT - closed all positions. Stopped on AUDNZD, profit on EURCHF, ~ kinda evened out. Waiting....

What could be more 'other' than the Euro against the Polish Zloty?

Nicole Elliott covered it on CNBC Yurop today

http://www.cnbc.com/id/15840232?video=11....

But if, like me, you can't watch Nicole Elliott without jizzing in your pants, here is my take on this play on risk that neatly avoids the thorny issue of the USD:

Here is the daily for JPY with an IT uptrend channel drawn along with FIB. Notice that we are not just re-entering the lower trend line and touching the 50 FIB line. I think the channel will fail here and we get a new downtrend channel soon.

Mike

SHORT AUD/usd

AUD/USD has a juicy daily candle, Zen.

Going Long USDCAD as a play on oil.

Mike

getting killed - been alot of false movement lately... ppl have been getting killed in stocks by the look of it as well.

I'll just stick to it - things will shift back to predictable again...