Ideas corner – January 14th 2013

Good morning all, from Europe

Please post any bright ideas or comments you’d like to share with your fellow readers here..


  1. Morning Pete, how you doing.??
    Got one setup for today

    #NZDUSD Short Trade Setup

  2. Good morning Pete! EURUSD is running away and no dips to buy. I’m also reluctant to short. What’s your opinion on this pair?

  3. Good morning Pete,
    How do you feel about AUDUSD breaking the 1,06 resistance this week?

  4. i hope i am wrong but euro bulls now seem to be living on borrowed time.

  5. after sustaining HUGE marathon last week I suspect Mr.Market is pretty exhausted by now.But who knows wat Mr.Market’s thinking.Mr.Market’s pretty old and has all sorts of diseases like hypertension and bipolar disorder. Mr.Market might collapse now or Mr.Market might think he can juz keep on goin’ and collapse later. Who knows.

  6. morning Wreck, whilst eur/usd remain in the headlights and the cross (eur/aud) follows it 1.0600 looks well defended at the moment. I’ll be interested to see what happens when the eur/usd turns lower

  7. It looks a little overblown at the moment but Kelly remember the expression the ‘trend is your friend’

  8. When do you think we’ll see a reversal of that trend Pete?

  9. Morning Pete. The outlook for the UK economy continues to deteriorate. Sterling has come off it’s recent low’s but seems stuck in a battle between bulls and bears right now. Bullish forces appear to be the general ‘risk-on” environment and positive drag from rallying Euro. Negative forces include scope for further disappointing macro datapoints and QE. Im undecided how to read the Sterling Chart right now, but think we are in a downtrend. What do you think? Also, any opinion on whether Cable will end this week higher, or lower? I remain bearish.

  10. Morning Robert, i’m finding it hard to get excited about cable at the moment and think were stuck in that 1.58-63 range, but EUR/GBP is currently weighing heavily on cable .

  11. Thanks Pete. Well, it’s not started the week well and looks like we might be heading for another re-test of 1.60 (speaking my own book there! haha)

  12. Friends, [1] On the dailies [a] NZD/USD had a Bearish engulfing. [b] GBP/USD has an ascending triangle. [2] Kiwi is near its highs, Cable is in the middle of a 3-4 year range. [3] GBP/NZD is near its lows. I am going long GBP/NZD. Please share your thoughts…


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