Recent Comments

• Mick: A true giant amongst men!...
• zach: This is the most credible site I've seen with a mention of this meeting so far, if I find anything more on it I'll post it here as well. http://content.usatoday.com/topics/article/Mario+Draghi/0aRsdoufKngQb/1...
• matt: Yes, I have been watching this setup for awhile. It is about 10 pips away from my entry. This setup has been my bread and butter. It worked great on the eurjpy short last week (I took profit at the bottom after counting 5 waves down). My target for ...
• Rubin: Just what we need, hedge fund managers who are gamblers "on the side"......
• Mike: We know what happened last time. AUDUSD rallied from .9950 to 1.08xx, Keeping my AUD long from closed gap ......
• Prio: Typo there on the last sentence, should be 79,20....
• Mansei: Getting ready to go long swissy vs usd at 0.9520....
• NerdyGroover: Apparently the Greek voters got spooked by the polls showing Syriza in the liead and swung back to NDC/Pasok... It suggests the Greeks looked into the Abyss and pulled back.... I must say I was about to give up on the Greeks but I have put in longs o...
• winny: GOOD IDEA...
• Sean Lee: Sorry Anderzon, don't have many intraday trader contacts in Gold mkt so my info is usually slowish...
• Sean Lee: Yes thanks Zach, just wasn't too sure on daily mail credibility? Feel free to post any appropriate links here in comments section...
• zach: Hey Sean, did you get to read the email I sent you about the meeting that the BOE's King is hosting? I get the feeling that something could come out of left field with regard to that meeting....
• anderzon2k: Hey sean, any idea why gold just got a big sell-off?...
• Darragh: Got it from a trusted source that Tomorrow's El Mundo says that the Spanish government is to put a further 30 billion into another three banks. That's apart from the 20 billion already going into Bankia....
• Charles: I think too many people are short and sentiment is way too negative. Maybe we dip back down one or two more times today/during the week and those will be very good buying opportunities on the Aussie, Euro, Stock Market Indexes, etc. Good opportunit...
• Sean Lee: I'm still in shock that the Russian grannies didn't win :) http://www.youtube.com/watch?v=i4qmsmzoRBE...
• Jim Ryan: On Friday the 25th the Euro/USD was at 125.18. With the horrible news in the Eu the dollar should be getting stronger not weaker. I guess do to the U.S. holiday. Greece is history,then Spain. It will all happen real soon. It will catch the greedy t...
• will: i appreciate the idea! thank you...
• jokoko: After watching the Eurovision song contest ... I'm shorting all things Euro....
• andy: i just don't know why the gap haven't closed for the last two ... and this one would be closing or not .. but i try to put faith on 50/50 my stop is at 1.2526. What your comments Sean?...
• Darragh: Newedge, a leading broker, is abandoning the Greek stock market in a sign of mounting concern over the country’s future in the eurozone. The broker has told clients that it will process only sell orders, and stop extending margin loans for existin...
• zach: Wow, it looks like real money might be dropping bombs on EUR/NZD again...
• Rhona: :)Tnks!...
• bob: ultimate contrarian view, what a great short squeeze that would be and not for the 1st time, Jim O'Oniel got the last one right in Oct 09, could we be in for no 2....
• hopoco: Ready to buy USD/CAD at 1.0240...
• Sean Lee: Hi Rhona, wish I knew for sure, but they normally get closed once the full market joins in. Long weekend in US so mkt may not return to 'normal' until tomorrow...
• Rhona: HI SEAN , GM, MAY I ASK... WHAT WILL HAPPEN WIHT THE GAPS?????...
• Carlos Atilano: I tought the same, but I also think that the greek stuff is not the important. The real worries are bassed on spanish stuff..is why......
• James: EUR/CHF seems to be perking up again, currently at 1.2030.. anything crossing the wires?...
• zach: I recalled the exact same thing, so I've been a little thrown off. I could try speculating on why this rally is happening, but there's really no point....
• dokterriza: no update Sean, still hold AUD/USD bids @0.97 & 0.9715 look for a move toward parity & 1.02over coming sessions. my ES are still active for a move toward 1350...
• Michael: Good morning Sean. Germany hasn´t given a single hint it would aprove such an idea which needs a lot of european money. It seems an italian-spanish joint lobby without any german support...In the last EU press conference this ideas were turned down.....
• mwaj: still eu short till 1.19...tryn to get it with a stop above 1.26...
• Diaa: don't get overwhelmed with bearish side !!!! go bullish or stay out !!...
• zach: Focus may shift somewhat temporarily from EUR back to NZD and AUD with the Chinese growth worries coming resurfacing, over the last week the NZD was sold heavily off against the EUR....
• Peter: Perhaps bit off topic, for the last couple of weeks I have been frequent follower of your site at forexlive.com, my huge thanks for what you Guys do! Do not want to be too sentimental but its a new trading week and just wanted to say that. Good job...
• Johnny: Sold eur/jpy at 100.11, TP 97.50, SL 100.50. I placed my stop above the recent high. If this is a bigger squeeze I get stopped out for a 39 pip loss. If the downtrend continues my TP would give me 261 pips. Better than a 6 to 1 ratio. Good luck ...
• Gerry Davies: If you believe Syriza is the answer, then you're dumber than a brick........
• Sean Lee: Not really Golden, I've just got the 'risk' side covered at this stage so I know what I'm risking and now its a simple matter of waiting and seeing how mkt develops. If USD/JPY holds these levels and the bull trend were to reemerge, then 10 big figur...
• Demetris: Hooray?... Wow. Talk about sold - out neoliberal #### that care only about how much money they will make. When the powers that be break all the rules it doesn't matter ,eh? When people die ,that are not your own ,it doesn't matter ,eh? Sad little ...
• Gil is the man: Eurjpy 100 levels are perfect for shorting...it is simply a gap fill on the hour charts...
• Lio: Shorted E/U, playing the gap. As the two last ones didn't get filled, I just hope that one will be. Looking for at least .2500...
• goldenmember: I take it you are a fan of the r/r on the USD/JPY long though Sean. Any targets on that?...
• Sparky: Sean, the slow motion train crash that is the Spanish economy looks to me like a carbon copy of where we were in Ireland approx 3 years ago -- any "bailout" of banks is only the start of things to come... We aint seen nothin yet....
• andy: i saw a big gap . is it maybe a bearish movement down to it closed?...
• Sean Lee: Hi Simao, when the mkt gaps on chatter and polls then the gaps are usually closed very quickly. If there were some concrete plans from EU re bank rescues then that would be a different story but at moment its all conjecture...
• Sean Lee: Hi George, tight stops triggered on 'vague plans' is usual FX market fare. Lot depends on what happens if/when 12625 is challenged in EUR/USD...
• GalantnostS: That's the important question... everybody seems eager to "pledge" money but we have yet to see the real stuff....
• simao: Hello Sean, you dont see any close of this gaps maybe tomorrow ?...
• Indeed: I cant imagine that Spanish banks needing over 15 billion more for a bailout would cause the Euro to go down. Hey no problem...
• Doyl: I know this isn't a classic exhaustion gap but, the market is extremely short the Euro right now, summer is coming and some of the big players will be squaring their books prior to vacation. We may well see 600 pips of correction over the next couple...
• vlad: since when reality matters? ;)...
• vlad: can't believe I've closed friday; stupid prudence! it'll gap up and will squeeze; it's holiday. Remember when they've pulled the last squeeze; they started during a holiday(than you roll via stops, any idiot can). 10th october 2011. Bought at 1.25...
• George: Hello Sean, do you think this just an interbank trade or more short covering to come?...
• Sean Lee: Morning Galant, what I'd like to know is where all these emergency funds are coming from? Isn't the whole world broke??...
• Sean Lee: Hi Stefano, the 'easy' money has certainly been made and in my opinion, any further falls will be very hard-fought. We may indeed see 95 or even lower but the risk-reward in the short AUD/USD strategy at present levels simply isn't there...
• GalantnostS: Morning Sean, hope you had a great weekend. So the situation is that bad that they have to scramble for another emergency fund? oh joy :)...
• macbaine: Another day, another surge in (blank) because of a rumor that Europe is doing (blank). I heard a rumor over the weekend that European markets are open Monday. Buy everything!...
• Stefano: Hi Sean, do you think this thrade is over http://www.forexlive.com/blog/2012/02/29/building-an-fx-trading-position/ or 0.95 target is still valid? (By the way, it was nice trading following your advice from 1.037 to here)....
• Sid: Good Morning Sean, Hope you are fine and best of luck to all for the week ahead. Looks like wait and see Mode ???? where is our typical early week open brief headline ??????...