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These real money guys get it right a lot of the time

By   || May 27, 2010 at 22:48 GMT
|| 11 comments || Add comment

Remember just a few short weeks ago the persistent selling in the AUD/USD around .92, they certainly got that one right. Earlier this week Jamie reported that similar players or smart money as they’re known in the market, were busy buying EUR/USD at 1.2175 when the rest of the world was selling. It’s always the easiest time to cover a large short, when everyone else wants to sell.

EUR/USD may look a bit ‘toppy’ at times today but I’m going to avoid the urge to sell for a quick 40 pips as I know that those clever enough to have sold around 1.40 are now taking their ‘easy’ winnings off the table.

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Category: All, Asia, Mkt Talk
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11 Responses to “These real money guys get it right a lot of the time”

  1. lilac on May 27th, 2010 23:19 GMT

    Whilst the fortunes of euro are still a little blurred, Sean, I do feel cable’s turned.
    No matter the dips (within reason *cough*) in the meantime, bias for me is to the long side.
    What d’you reckon?

  2. Matthew on May 27th, 2010 23:25 GMT

    great insight, as usual

  3. Sean Lee on May 27th, 2010 23:30 GMT

    Agree Lilac, I don’t have any logic for it but the bear move is feeling ‘tired’ imho

  4. aziz on May 28th, 2010 00:24 GMT

    The big picture suggests equities bounce/rally is poised to continue. I think buying dips is the way to go. dips in dax given its 150-125 average daily volatility and 25 point average daily volatility in S&P.

  5. Tajul Akbar Bin Ismail on May 28th, 2010 00:55 GMT

    Hello Sean, EURUSD talk of Bids around 1.2300 ;-)

  6. Sean Lee on May 28th, 2010 01:00 GMT

    Txs Taj, China on offer 12450 I hear

  7. Tajul Akbar Bin Ismail on May 28th, 2010 01:02 GMT

    Your welcome Sean … 1.2450 sounds like a good level to short :-) thanks

  8. Jy on May 28th, 2010 01:12 GMT

    another two cents worth.. anyone see suppport at 1.22750?

  9. JAKE on May 28th, 2010 01:14 GMT

    Thanks for the 2300 bid tip, Taj. Went long 2302 w/tight stop.

  10. Tajul Akbar Bin Ismail on May 28th, 2010 01:19 GMT

    Your welcome JAKE … sentiment still bearish so be careful

  11. JAKE on May 28th, 2010 01:22 GMT

    out for 20 pips

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