FuturesFocus

OK… Bank That, Too…

0

Remember back on July 12th I called for a BUY on EURUSD at 1.2172?  Bet y’all thought I was out of my god-damned mind.

Well, with EURUSD at about 1.2430 now, it’s time to bank that shit.

In the same post, I mentioned buying Gold at $1563; take half of that off too, now that it’s $50 higher.

Buy EURAUD at 1.1747

0

As with EURUSD’s ludicrously oversold “Dumb Money At Work” event last week, so too the fifth-decimal-place chasers have decided that AUD can only go up (relative to EUR, at least).

 

Every dickhead with access to an online Forex account thinks he’s a genius jumping on the same direction as a trend that is the most oversold (basis EURAUD) that it’s been in years.

 

As with the EURUSD call, look to double your dough.

DAX Short Panning Out Niiiice

DAX short entry is panning out, irrespective of whether it was entered based on "Freebie" from Dec 30th (DAX at about 5970) or from this twitter twatt ("DAX might open with a pop… if can get short above 6000 that would be one of the best things evah." – Dec 30th at 8:40 P.M. [DAX was closed… opened and popped above 6000 on Jan 4th]).

As of Friday that short was up over 100 points irrespective of which entry was used: that's €2500 per €17.3k margin … of course no exit target was given to free-users (only USSpyers got the targets: they were out at the 100-point target).

This trade will probably last half the year and quintuple the margin required to enter it. If you didn't action it at the time, it makes no sense to enter it now. There will be a bounce at some stage, so wait for a re-entry.

Subscriber Content.

 

The page you have tried to access is in the process of being repopulated as part of the implementation of the new content system. This process – which coincides with updating of the fundamental database – should be completed in the next day or so (15-16 September 2009).

From time to time we have an ‘Open Day’ during which non-subscribers can access selected (dated) research in order to establish whether they feel that a subscription is worth the $5 a week that we charge for an annual subscription.

Our next Open Day will be sometime early next month. If you subscribe today, you will receive access to the complete research array tomorrow – failing that you will be able to make an assessment of the merits or otherwise of our research by reference to dated material.

Our subscriptions are refundable within one month of subscription in the event that you don’t feel that the material is state of the art investment research.

If you are already subscribed but you still get this page, you may need to activate cookies (and/or authorise cookies from our server) and login again. Our cookies are session only; each time you close your browser the session cookie is destroyed. We collect no data from your PC (except for the IP address, which is used to access control).

Go to Top