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.
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 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.