AUTOREFRESH 
Asian FX market open: more stops on topside
By Sean Lee || February 9, 2010 at 22:22 GMT
|| 14 comments || Add comment
I’m hearing of fairly heavy stops above 1.3850 in the EUR/USD and above .8810 in the AUD/USD and above 79.00 in the AUD/JPY. These might come into play as the session progresses.
Good luck today.
Hey Sean, Any sense for the eur/jpy market. I imagine that 124.4 is an interesting level, and could provide either a good long or short entry point. Doesn’t look like there’s much support or resistance for a couple hundred pips in either direction…
Good morning Sean. Pints on me if I’m lucky enough to do the traveling I hope for someday.
Well I’m just havin’ a quick short right now
Morning/evening JR. I think you’ve picked the right level there. 124.50/125 is now pivotal as that was the breakdown point imho. A daily close above there and the rik aversion shorts will start bailing out big time but still it might be worth selling the rally in early Asia with a tightish stop
Glad to see you booked that P Zeke. That’ll be a pint of creme de menthe!! .8850ish now pivotal in AUD/USD I think. I’ll try selling an intraday rally with stops above 8930ish. What you thinking?
Jamieson is it Lilac? Or a Paddy’s? I’ve added to my cable and gbp/jpy longs so I might need a steadier soon!!
You got your name down for pope then, Sean?
I think I’d make an excellent Pope.
More of a slow burner, Sean – it’s the last of the wine
Yep I can see you under a mitre.
I’m hanging tight for now. Cut risk in half and adjusted risk from 1:1 to 1:3. If no follow through I’ll book and reevaluate. Thoughts?
*adjusted r/r
“I think I’d make an excellent Pope.” Hilarious. I could easily envision a little ‘weak long flush’ before topside stops are taken out. Just my 2 pips.
Eek I’ve just noticed your geppy long bit, Sean.
Still waiting for eur/jpy to come off a bit more.
Or I might give in and tootle off