FX BOOTCAMP VIDEO - ASIAN OUTLOOK DECEMBER 9TH 2011
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Uploaded by fxbootcamp on Dec 8, 2011
Hi Folks
Following the ECB rate decision, I believe we have found direction for the next while. That is USD strength. Therefore will be looking for shorts on pullbacks. In addition, depending on time of day, I will be interested in a counter-trend long to the short position, if the option presents itself at the Tokyo open.
Have a great weekend everyone.
Regards
Rob
- 4 likes, 0 dislikes
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Thanks maybe i'll try a short entry on a pullback then I set my sight on the 1.000 area
chonichan 2 months ago
Long? Oh Short. That's what I was thinking and then I thought you were ECBing us. Draghing us around I thought.
ChannelMitchy13 2 months ago
Thks Rob, good points. Great weekend to you.
cmartinezdet 2 months ago
Thanks for the analysis Rob. I'm hoping that you are correct, but I am wary we are still in a range....It isn't clear to me that we are in "dollar strength" season. I'm writing this with 45 min left in NY session and euro has pulled back 70 pips etc. so I'll look short to bottom of the range and as you say if Aussie pulls back then same trade. But I'm worried we still don't have a "trend". I guess only time will tell. - Musky
doughtrader 2 months ago