Hans87's Blog

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GDP UP - GBP DOWN ??

Thats exactly what ive expected, reading the improved british GDP figures right now. Even the sinking german unemployment rate hasnt lifted the EUR, so why should there be any change in the overall bearish sentiment in EUR and GBP? Its all about the strong and strengthening US dollar.
So, keep up and dont break your neck´s in false news trading decisions!
Good luck to all on that last Contest day in this month!
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ivanbgd avatar
ivanbgd 31 Mar.

good text!

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A rrrrr - like Argue ;)

Hello Forex Folks!
today im arguing a lot, cause ive closed all my 5 GBP shorts yesterday evening. not wanting to get into the first real trading day of each week, which is today , without being in front of the desk. Cause i still have to work,in real life.
Why contest circumstances cant be real in reality, as well??
Nethertheless, if id taken the risk and kept short, i would have made another 300 pipitos on GBPCHF, for example.
But i wont bother, instead i went short again until ill cover.
good…
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Dollar - Euro - Pound all back on track

As i mentioned yesterday, right after the Fed meeting, the dollar will recover from it´s short lived option related downswing.
There was nothing else to expect, in my opinion, because there really wasn´t anything new for the markets. Interest rates stayed unchanged, only the date for a rate hike was shifted a few months into the near term future.
So, if i had been a euro trader this month, i would have waited exactly for this to happen, as market participants were looking for a better price to g…
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Shalomavahatikvah avatar

I agree, the market is very confused:)

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Has the Dollar strength vanished ?

I wouldn´t say so. It´s just pausing for a day. Last week i read about a big option volumes hanging around 1.09 in EURUSD, so this was the perfect scenario for them to play out, after the Fed rates decision and Janet Yellen´s explaination.
So, as as you should know, if the price is able to rise almost 500 pips in no time, volatility at highs and liquidity at lows can probably won´t allow a small rebound. If i had been trading the rates decision, i certainly would have taken my 450 pips profit
To…
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GBPUSD = GBPJPY --> look at that correlation!

A few moments ago, i thought i can´t believe whats there in front of my trader´s eye´s:
On the 15 and 30 min chart on GBPUSD and GBPJPY you can see an almost perfect correlation. One Pair mirros the other.
That´s pretty rare to see, for myself, at least.. But i like what i see.
I consider this as the Pound is communicating with me in a way. *joke*
Please take a look at this currency mirror on your own. I try to remember, but i haven´t seen such precision before.. Did you?
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samme avatar
samme 18 Mar.

I have been observing the same too

Hans87 avatar
Hans87 18 Mar.

cool;) i drew my lesson from those events.. than you can choose between more pips and more risk, trading GBPJPY, or less volatility in GBPUSD, most of the time ;) correlation gives confidence to myself, before taking a trading decision.

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Pound (GBP) at lows - So where to go next?

First i´d like to to thank the weak pound for staying with me for over a week As i got to work outside the the trading desk, i had no other opportunity as to trade on a longer timeframe than my usual trades are chosen.
As i watched contest standings today, i saw many changes in the top 20. This shows me, that many contestants where speculating on a rebound, after having taken profits. Otherwise, many traders were stuck in the short term EURUSD consolidation, having lost their profits in EUR s…
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A weakening Pound across the board? A no brainer!

As you can see the euro pausing it´s long term momentum today, i was searching for the highest profitable pairs not linked to Varoufakis "portfolio" So i decided to cancel all of my euro positions, and joined into the general pound weakness, generated by political uncertainty in Great Britain. So, iam speculating that these developements will go on. Now this gives me more confidence for today, maybe until tomorrow, not being in the mainstream pairs like EURUSD and USDJPY.
Instead im short all …
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"I wanna know.. Have you ever seen the Low?" :D

Hello DC Community!
This friday evening i try it a second time. Let´s do a a fun guesses competition ?! Where do you see the LOD in EURUSD today?
My guess is 1.0764..
The winner gets likes by the loosers^^
PS: If youve made some money with these figures, please let me know..
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Guessing Competition - What is the LOD for EUR/USD ?

EUR/USD tumbling around todays lows, after the european exchanges have closed. For me, an ultimate sign of further action in todays general direction = underground
So i thought, why not initiating a little competition in the big competition ? The winner should get likes from the loosers. Isn´t that a fair price ?
So, let´s go !
Whats/will be the Low of the Day ?
I guess EUR/USD to snap back down to 1.0947
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Hans87 5 Mar.

no one else?? so, if id be the winner, i wont get any price, cause there´re no loosers to pay  lol

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How to trade the uncertainty after the SNB today ?

I did and i do it the short way. Just sell the uncertainty. So i went short on USDCHF, CHFJPY, USDJPY, EURJPY and GBPJPY.
As i dont want to tap in any bull-trap.
Furthermore the fact that a low Swiss Franc is really a surplus for swiss exporters, should push oil prices somewhere higher. This should result in a stronger Yen and a weaker Dollar. Maybe im right, maybe im wrong. But i prefer the scenario of little shock in the currency markets.
So, keep watchin the spots, and always keep it smart!
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