15th July 2013
Bernanke’s comments on the 10th aggressively pushed EURUSD north gaining 441 pips from a low of 1.27641 to a high of 1.32055. EURUSD broke the 50% and 61.80% Fibonacci retracement levels set from the start of the downtrend move on the 19th.The rally, however, has not maintained momentum and sellers have come back to the market as investors remember that Europe still have serious underlying issues. The ZEW figure on the 16th should provide some much needed market direction and a negative outlook could possibly drive this cross through the 1.30082 support level with 1.29000 within easy reach. Thin markets and inappropriate comments make for incredibly volatile markets. If you don’t want to get steam rolled play the range, have tight stops or just wait it out on the sideline until we get another clanger from Mr Ben. Whatever you do it is advisable to cut your size down in order to accommodate such huge potential swings. Always correlate your book to the market you are trading, if we continue to get 2 – 3 cent moves in this cross then cut your size down so you can stay in the market for longer. When more liquidity returns and the moves aren’t so big then you can increase you trading size. Remember, Look after your book and your book will look after you.
10日伯南克发表了激进的评论,推动欧元/美元从1.27641上涨441个基点,至1.32055。从上月19日跌势以来,欧元/美元突破了50%和61.8%两个斐波那契回调水平。然而,因为投资者担心欧洲潜在的严重问题,此次回调并不稳固,空头重新回归市场。16日将会发布ZEW景气指数,应对市场方向产生影响,负面展望可能驱动欧美跌破1.30082的支撑,甚至是1.29000。脆弱的市场以及各种负面评论都会使市场剧烈波动,如果您不想冒险,设置紧密的止损,或者暂时观望,直到伯南克那里有其他消息。针对如此剧烈的潜在变动,减小交易头寸是明智的。交易时,将书本与市场联系起来,如果持续有2-3美分的波动,那么削减头寸,你可以在市场中待得更久。当更多的流动性回到市场,并且波动不会如此剧烈时,再加大头寸。记住,照看好你的书,书也会照看好你。