JonSnow's Blog
Last Day of The Trader Contest
I’m very happy with my Trader Contest performance in this month. I did quite well and I will probably finish in the top 10, however I still have 4 positions opened and - “it’s not over till it’s over”, so who knows what will happen.
Most of the month I was buying the US dollar and buying yen on occasions and this strategy payed off with hefty rewords. If I remember correctly, the balance I achieved (at this moment including unrealized profits it’s around 750,000) is the highest I ever got in du…
Most of the month I was buying the US dollar and buying yen on occasions and this strategy payed off with hefty rewords. If I remember correctly, the balance I achieved (at this moment including unrealized profits it’s around 750,000) is the highest I ever got in du…
Sterling Still Benefiting from Dollar Weakness
The pound is up again, it rebounded sharply yesterday and this morning it’s just below 1.40 level to the dollar. Honestly, this is the biggest mystery I don’t understand. With all the bad data that came in recently it should be on its knees but instead it’s ready to jump time after time for no reason. It also looks like the markets has become completely immune to any bad news regarding Brexit. I actually sold the pound against euro this morning to just give it one more try to make some money off…
Dollar Up & Down – What Now?
Strange price action in the last 24 hours: first the dollar was up, then down but eventually closing the day with gains. Recent price action has a lot to do with equity markets which are getting spooked by the possibility of a faster than previously thought rise in interest rates in the US. Yields are also going up like there’s no tomorrow, hitting multi-year highs. The FOMC Minutes induced storm has past – what now?
I think now back to the “normal” trading, which means that dollar will keep mo…
I think now back to the “normal” trading, which means that dollar will keep mo…
Dollar Buying Train Left Off Without Me!
I setup five conditional orders early in the morning yesterday all of them to dollar long. But none of them was filled. Later in the day when other currencies dropped even more to dollar, I made revisions to my entries so they would not be so far from the spot price. This morning still noting and my dilemma is whether I should wait for a retrace or just cancel them all. While I do believe that FOMC Minutes should be dollar supportive, in this market anything can happen, so I’m debating it, and m…
Dollar Up in Quiet Trading
The US dollar is a bit up in a quiet and uneventful trading in the last 24 hours. USD\JPY went as high as 106.75 at the beginning of Asian trading session, and both euro and the pound have given some ground to the greenback.
I’m waiting for the volatility to pick up when London opens and hopefully we’ll some some spikes up on EUR\USD and GBP\USD charts – high enough to fill my orders. At this point in the contest I’m trying to be extra carefully, as I can probably get one of the top position wi…
I’m waiting for the volatility to pick up when London opens and hopefully we’ll some some spikes up on EUR\USD and GBP\USD charts – high enough to fill my orders. At this point in the contest I’m trying to be extra carefully, as I can probably get one of the top position wi…
Slow Start of New Week
So far, the Asian session trading has been very quiet and I don’t anticipate too much of an action today as this is a long weekend in the US. In my view, we are going to see range trading today. I’m not ruling out EUR\USD trying to make one more attempt at 1,26 as lately euro buying happens during the London session and dollar buying during NY session – but that last one will be very slow today.
I set some pending orders, to go long on USD\JPY at just below 106 and to also buy GBP\USD a bit bel…
I set some pending orders, to go long on USD\JPY at just below 106 and to also buy GBP\USD a bit bel…