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- Firstboss replied Sep 16, 2014
Sunday gap has been closed finally - nothing holds GBP from below until the referendum. Will be a fun downhill roller coaster
Cable Update (GBPUSD)
- Firstboss replied Sep 16, 2014
Sanctions won't be escalated next month if the ceasefire is expected. However, macroeconomic damage to Russian and European economies has been done, and it will take months to repair even within the most positive political scenario. Economic ...
EURUSD
- Firstboss replied Sep 16, 2014
Oh, we will! The EU has been tricked into joining the sanctions nonsense and self-inflicting unnecessary damage. Poor microeconomics has only started to appear, and divergence with the positive U.S. indicators will only grow for months now. A ...
EURUSD
- Firstboss replied Aug 25, 2014
Closed all my EUR/USD shorts on todays gap - at 1.3198 Holding confident longs for the gap closure, looking to start shorting again around 1.3220 Rode the USD/JPY gap closure for with a modest profit.
EURUSD
- Firstboss commented Aug 7, 2014
@Agent Orange, the substance will follow when macroeconomic consequences kick in.
Russia bans food imports from EU, U.S., Canada, Australia
- Firstboss replied Jul 29, 2014
Certainly, everything is far from fine in USD, but short-term the relative concerns are in Europe. Longer period of low rates and problems in economy being artificially created due to near-sighted geopolitics as we speak.
Cable Update (GBPUSD)
- Firstboss replied Jul 29, 2014
Well, the Fed is anticipated to start raising the interest rates way ahead of ECB, hence the lazy uptrend in USD. Since the European political and corporate leaders have finally decided to shoot themselves in the foot, and risk another recession ...
Cable Update (GBPUSD)
- Firstboss replied Jul 29, 2014
It looks like the European political and corporate leaders have finally decided to shoot their economy in the foot by joining the real sanctions against Russia. Hence, this is the perfect timing to enter long-term shorts in EUR/USD. Short term ...
EURUSD
- Firstboss replied May 15, 2014
Industrial production in the US unexpectedly declined, stocks plunged
EURUSD
- Firstboss replied May 13, 2014
The trend up has not ended just because of verbal intervention fom NZ central bank it's a common story with NZD - they interrupt the climb by talking it down, then it goes to new highs if anything, we've had long opportunities this morning
NZD/USD
- Firstboss replied Apr 23, 2014
It might come again briefly (would love to buy there yet another time), but we still have to close the gap from 2 Sundays ago at the 1.3880's level I've enjoyed scalping many longs during this comfortably slow gap closure
EURUSD
- Firstboss replied Apr 22, 2014
The gap from 8 days ago has to close in 1.3880's area before a serious down trend has a chance to form Most likely, sideways market again
EURUSD
- Firstboss replied Apr 16, 2014
Closed my long on EUR/JPY overnight (Sunday gap closure), still riding the last remaining Sunday gap closure - long EUR/USD till 1.3880's down trend is most likely to form after touching that level.
EURUSD
- Firstboss replied Apr 15, 2014
It is an account killer if you over-leverage and can't afford a floating loss until the gap closure. Inevitable gap closure has two main implications, in my opinion: - You shouldn't trust trade signals if they point at entry against gap closure - ...
EURUSD
- Firstboss replied Apr 15, 2014
Sunday gaps still have to close on EUR/USD (1.3880) and EUR/JPY (141.03) before any serious downward trend is possible. I am not saying it can't spike briefly, but those are just buying opportunities. Perfect short entry at the gap close
EURUSD
- Firstboss replied Feb 7, 2014
Much more reliable short in EUR/JPY now, if you look at daily and weekly scales - we are at the upper limit of the descending trend I closed long and went short for the weekend at 139.46 (today's R1)
EURUSD
- Firstboss replied Feb 7, 2014
Finally, my 4-hr long in EUR/JPY is over, bagged 40 pips. This pair always respects R/S levels, and R1 was left untouched on the NFP spike
EURUSD
- Firstboss replied Feb 7, 2014
Have been working long on EUR/JPY for the last hour. The price failed short of R1=139.46 and bounced down to retest weekly PP=139.06. Now we are riding up to touch R1 to the pip, and maybe even further.
EURUSD
- Firstboss replied Feb 7, 2014
Interesting detail in this report: "Retailers and government agencies cut payrolls by the most in more than a year, while construction firms and manufacturers boosted employment." In other words, jobs in virtual economy (financed by national debt ...
EURUSD