21-05-2010 2:44 GMT+1

What more should I say.
Whenever chart talks to you, just listen and act...

I made couple of nice trades on today EU run up. I was out quite quickly due to very tight stop loss.

Tomorrow I will try to take out more on longs, however I would feel much more comfortable if Asian or European session correct some of those moves.

Depreciation of gold is nice, however I would prefer to see it fighting recent bottom on daily chart [it's still quite far away, so let's give it few more days].
DJI did quite badly what alerts me a bit. If those sells will be regain shortly I will be more than happy to buy more EUR and maybe buy back into my EURPLZ trade [yet closed by SL]

19-05-2010 21:58 GMT+1

EU has just told me to buy at 50% retracement of afternoon move.
Nothing more to comment.

18-05-10 2:49 GMT+1

Pinbar on EU looks promising, I entered tiny size on EU long yet, however I'm waiting with bringing out big guns.
I set alerts for breaks of Monday highs on EU and EJ, and these are pairs I am willing to trade, however I see more interesting picks for tomorrow:

EU - long above pinbar
EJ - good for long above pinbar high
GU - I may scalp it long, but nothing to go crazy here
DJI- here rises are more reliable for me than on EUR crosses as US seems to be more stable economy than Europe [long bias]
GJ - nothing to comment, [long bias]
USDCAD - nothing I would trade here, but I think it's going to fall

16-05-2010 21:22 GMT+1

Apart of my recent euro analysis I will watch following currencies:

USD seems to rise further. As long as traders wont escape to gold.

JPY - there was massive spike on 6th of may. Two days later is a local top on all JPY crosses. I think 50% retracement betweenthose two extremes is where JPY will bounce up.

16-05-2010 12:36 GMT+1

Most of my attention is focused on euro, yet I found nothing certain in the market. I see both 1.10 as well as 1.30 for euro possible [including possible ECB intervention].

Specifically 1.30 is quite unexpected, and that's one of reasons EU can be back there.

Yet I trade small positions on breaks of previous days lows or highs, especially on EU and EJ.

What I may say for sure is that if EU wilt utrn up, it wil be very sharp move, so if anyhow I will enter long on euro, I will try to exit 1/3 quickly and leave rest for easy 500 pips gain.

13-05-2010 2:02 GMT+1

Euro did not fall today, but I saw not even hint that it's going to, so I stayed away from trading today.

What I find interesting is general strength of CAD and weakness of EUR, so I'm still prepared to short Euro on tomorrow London session [but need breaking of daily low first]

apart of tempting EURCAD short trade I find gold worth trading long as well as mini-Dow futures [but I will wait with Dow for pullback]. Yet nothing convinces me enought to leave open trade overnight. [apart of already opened short EURPLZ]

11-05-2010 23:53 GMT+1

I feel some tension to short EJ, but I feel I need some extra confirmation yet. EU seems to be oversold, GU and GJ in 30M uptrend don't help either.

USDCHF looks like nice long trade if will break tuesday high I will try to enter on pullback.

Strong Gold undermine my concept of euro recovery

12:40 GMT+1

I traded what I said. I bought EU, however after 20 minutes I decided to trade EJ.
My total performance was magnificent considering I could trade only one position due to small account [so no position management was possible].
Finally I lost 1/3 of my gains due to greediness and giving up on my trading plan.

I am still short on tiny EURPLZ contract as Polish Zloty lost terribly on Thursday-Friday panic what was totally irrational. Will possibly keep this position forever as a carry trade.

10-05-2010 01:12 GMT

With massive opening gap EU is a benchmark of nearest market sentiment.
In general if Monday's price action won't surprise us with any extraordinary movement I will trade short below Friday's high or today's low, or long above today's high.

In eneral I do believe monday will set top or bottom of this week.

I see very attractive pinbar on daily gold. Situation in europe is now unattractive, however dollar seems for me to be strong enough to not to push EU much lower. In such a circumstances I would keep all my money in gold for safety reason.

As for EURUSD I expect this pair to not to fall much lower I think tomorrow ECB rate decision will be a strong signal for traders to get rid of their short positions.

Based on pinbars on most of JPY croses I observe and general weakness of GBP on friday I set my trade below 143.22 and I believe it can fall another 100 pips or more from there.