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Extremes

popendekl Posted 24 Ago  in #Trader's blog
Hi,
we have seen some extreme sentiment these days - some traders were expecting 1,19 on EUR. Seems tide has turned from extreme bullishness to caution. As money flows from majority to minority I hope I am right expecting USDJPY going to 122 (now 119,2) and EUR going to ~1,135.
I guess USDRUB over 70 is not sustainable now...
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Levels

popendekl Posted 19 Ago  in #Trader's blog
Market makers decided these days it is good time to make true that old saying:
Money on forex is not lost, it only changes owner."
Today GBPCHF reached support at 1,5150 - this is good level to buy to me; EURCHF has the possibility to find support on higher timeframe at 1,07. EUR reached 1,1125 and may pause here.
I survived large drawdown on my account, but now I am already old chap... it is not easy to take my money away - but I know they will try again and maybe harder.
Good luck!
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Today's levels

popendekl Posted 18 Ago  in #Trader's blog
Today someone else was responsible for EUR changing direction at 1,1051 - you would know what I mean if you have read my yesterday's comment.
AUDUSD reached lower edge of channel at 0,7340 and I would expect return to ~0,7365 or even ~0,739. EURAUD and GBPAUD also hit upper edge of channel at 1,5085 and 2,1225, respectively so look for good level to short.
Weakness in AUDUSD however does not bode well for EURUSD and GBPUSD...
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Afternoon update

popendekl Updated 17 Ago  in #Trader's blog
Today I was the one, who was responsible for turn in EUR trend - after my STOP at 1,1060 was triggered, rate changed direction...
Now what to expect in next few hours:
-after EUR rises and keeps above ~1,1085 (now 1,1076), it has good chances to reach 1,1130 - after that (and also before ) I don't know.
-EURGBP is already ready to rise with target (now) approx 0,7120.
-GBPAUD and GBPJPY are oversold, but still no indication this will end.
Good luck!
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Overview

popendekl Posted 16 Ago  in #Trader's blog
Hi everyone,
my analysis for next few hours shows the following:
-EUR- direction: down, trapped between ~1,108 and ~1,1135, possible target ~1,106
-USDJPY - direction up, levels between ~124,0 and ~124,75
-GBP - direction up (maybe till GBPCHF and EURGBP reach targets), trapped between ~1,5685 and ~1,5605
-EURGBP: probable target ~0,7082, than up(?)
Essence in forex is ability to quick adjustment to new circumstances, so things may change.
Do your homework and trade carefully!
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