One Take On The Road Ahead

I'm still piecing together other materials but in the meantime this video was sent to me earlier today from MarketClub if anyone is interested. Adam, the presenter, refers to "Demand Destruction" at the end of the video, which is taking shape sooner than later here....I'm pretty much in agreement with what he's saying here and been following it all along. Thought you would want to have a look. You can click here to watch it.

I'm a religious reader of IFR (Reuters) data, and theyre looking to sell against the dollar at some pretty high levels from where price is currently, but I've been trying to get in sooner than later on any pullbacks, pretty aggresively. GBP/USD is getting weighed up the heaviest lately, due to further rate cuts expected and just very negative commentary and data coming from the BOE, not to mention the correlation and deterioration in equities worldwide. What a wonderful world.
EUR/GBP has been going nuts lately and its no wonder why. GBP/USD has an ultimate target of 1.4040.....ouch.

EUR/USD has been seeing some consolidation over the past few days but overall, lots of opportunities to sell coming from up above and I'm a little antsy to watch it go higher....I keep on taking stabs at shorts; targeting 1.2050 for now, but its going to be a slower mover I suspect.

In terms of anything near term, price really hasn't taken a 'breather' on many of these pairs so I'm still keeping upside risk in check as I jump on any heavy shorts for core holds. Just keeping a close eye on the equity market, which is due for a minor retracement in the very near term.

Based on the poll, I'm working on materials (written and video) in terms of 'when to fade, when not to fade', and more color on actual trading dynamics in order to clear up any ambiguity. I get a lot of questions in regards to this and I hope to have many of them answered in the next piece.