United States
Age 48
Trading strategy
Intraday mean-reversion trades using overbought/sold technical signals, pattern recognition
Biography
Just learning to trade Forex. What a ride! I am writer and artist and have many Danish and Swedish relatives. Love Copenhagen! Good luck to you all there at Saxo Bank. Hope I make some bucks so I can visit again.

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13 Followers
Write a Squawk to seas
  • Squawk / Thursday at 7:03 GMT
    Analyst / PIA First
    United Kingdom
    Morning Update - USD Bears Beware !

    The rally in the USD DID NOT break the previous swing high of 101.75. This move lower could be a mild inside leg of the CD wave (and catch a few offside)

    I would concentrate my efforts on crosses and stay away from the USD today

    I am now out of the office and not back until late Friday

    Best of luck
    Read the Squawk
    4d
    Andrew Perkins Andrew Perkins
    Enjoy the hoilday, EURNZD looks nice for a dip buy
    3d
    seas seas
    Right shoulder now forming in reverse head and shoulders on 30 min eurusd!
  • 4d
    seas seas
    longer term?
    4d
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    correlation is what I really like
    4d
    seas seas
    I see. Not really there on the monthly
  • Squawk / 17 February 2017 at 21:19 GMT
    Managing Director / Technical Research Limited
    New Zealand
    Quiet trading Friday in the US ahead of a long weekend (markets closed Monday for President’s day)

    The S&P 500 made a small gain, USD index rose (mainly because of a weak EUR); bond yields were down a touch.

    Note in the chart below that the USD index is not reacting to the rising prob. of a March 15 rate hike. Since 1994 the Fed has never moved unless market pricing in the lead up was at least 75%. Today March is priced at only 40%. Even June is marginal.

    But plenty of Fed speakers next week with a chance to “guide” the market.

    Meanwhile Pres.Trump is promising more “tremendous” announcements.

    The second chart shows the US fed funds curve in a global context. Only the Reserve Bank of New Zealand is priced to follow a similar track to higher rates.
    Read the Squawk
    19 February
    Jim Earls Jim Earls
    I would argue that the PE in the 40's during 2000 was an aberration due to a 1st stage bubble of three being focused into only...
    19 February
    seas seas
    I would tend to agree with that. There are new efficiencies and economies of scale to take into account though.
    19 February
    seas seas
    And that can feed the monkey.
  • 18 February
    Stephen Pope Stephen Pope
    A well written executive summary.
    Puts the gyrations firmly in context.
    6d
    Martin O'Rourke Martin O'Rourke
    I agree on much of this Mike, but Trump himself has to bear some of the blame for the coverage, waging war on the mass media, simply...
    5d
    Michael O'Neill Michael O'Neill
    Hi Martin: Trump deserves a lot of negative coverage for sure. Like many have said, he has no filter. At the same time, a lot...
  • 17 February
    seas seas
    G10 worries, Trump put a wrench it.
    17 February
    seas seas
    Makes alot of sence though- especially if demand for iron ore abates.
    17 February
    seas seas
    long usdchf, usdyen now
  • 16 February
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    This is my forecast .. I would like the USD to go straight down from here (but I don't think it will) ... BC leg first ........
    Update / 16 February
    Cancelled: related Limit Order to buy 10,000 USDCHF FX Spot @ 1.00100
    Update / 16 February
    Bought 10,000 USDCHF FX Spot @ 1.00186 to close a position
  • 14 February
    seas seas
    Yellen is very sensitive to geo-political concerns.
  • Squawk / 10 February 2017 at 21:21 GMT
    Managing Director / Technical Research Limited
    New Zealand
    USDJPY saw a brief flurry of excitement today when Donald Trump, in a presser with Japan’s PM Abe, said currency valuation "has to be fair and we will make it fair." Abe looked unimpressed.

    A Federal Reserve Governor said he was retiring. Now 3 vacancies for Trump to fill. Good opportunity for the President to stamp his mark on monetary policy.

    Next week Janet Yellen testifies to Congress & CPI inflation update is released. Expectations are headline will move closer to core (see chart), pleasing Fed.

    Hence, if Yellen so chooses, she could guide the market back to the idea of 3 hikes this year. Recently odds of that have been declining (see chart)

    USDJPY has rallied nicely from mathematical support. My Updated Analysis below.
    Read the Squawk
    10 February
    seas seas
    That was quite a ride during the meeting!
    10 February
    seas seas
    Heard about the 100+ beached whales. Quite a bummer. I wonder what causes that.
    13 February
    seas seas
    We have just broken above the 4hr. cloud after a nice opening rally.
  • 10 February
    seas seas
    Nice trades Ian...all three in fact. Wish I had seen these earlier!
    Update / 10 February
    Cancelled: related Stop If Offered Order to sell 5,000 GBPJPY FX Spot @ 140.260
    Update / 10 February
    Sold 5,000 GBPJPY FX Spot @ 142.236 to close a position
  • 10 February
    seas seas
    Wow. You are in the money now! They are two strong ones though. Be careful.
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