Alright, I made a bad decision in keeping my EUR/USD and EUR/JPY shorts over the weekend. The odds of an “agreement” on the Greek bailout was big and I knew it. The only reason I kept the positions is because they were very small (And we’ve been told this before). Nevertheless, I could have put on more shorts on Sunday if I did not have these positions from Friday.
As of now, most pairs have filled the weekend gaps. The [...] Continue Reading…
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The Yen is all over the place these days. The Greece issue has created quite some volatility as risk-aversion snaps back and forth from the market. All in all, more volatility means more trade opportunities.
The massive selling of the EUR/JPY and GBP/JPY crosses (and the other Yen crosses too) took a pause during the Thursday European session and then rebounded sharply. As the dust settled in regard to Greece, some traders seemed took some profits off the table while [...] Continue Reading…
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The Bond Vigilantes are going to kill Greece. At the current pace, it probably won’t happen this week, maybe not this month, but it seems like it’s going to happen. A recent post at Abnormal Returns talked about a potential catastrophe for the U.S. resulting from a secular upward trend in long-term yields. However, if such a trend was to take place at a global level, what would happen to our good friends in Greece?
Too bad for [...] Continue Reading…
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Intraday trading has still been light for me. School work continues to keep me busy.
Here are the trades that were posted on StockTwits and Twitter Monday and Tuesday, as of 5 PM Eastern Time:
Long USD/CAD from 1.0149 closed at 1.0000 for -149 pips.
Short EUR/USD from 1.3460 closed at 1.3435 for +25 pips
Short CAD/JPY from 94.00 closed at 93.50 for +50 pips
Short GBP/JPY from 143.60 closed at break-even for 0 pips
For a loss of 75-149 = -74 pips; total for [...] Continue Reading…
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Slightly late recap of last week, but school work has kept me away from trading. I did not really do any intraday trading after Wednesday which kept the week pretty light.
Here are the trades that were posted [and closed] on StockTwits and Twitter from Wednesday through Friday [March 31-April 2]:
Long EUR/GBP from .8906 closed at .8940 for +34 pips
Short AUD/USD from .9144 closed at break-even for 0 pips
Short CAD/JPY from 91.45 closed at 91.00 for -45 pips
Short GBP/JPY from [...] Continue Reading…
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