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Morning traders.
USDJPY made me sweat overnight after I moved my stop on my longs to 108.40 and I added at 108.75 and 55. Bit of a relief to see it back up but I just had that feeling bonds weren’t done.
The s/t EURUSD longs hit my trailing stop at 1.2220 so I’m out of that amd will leave this pair alone for the moment.
For the day ahead, I’m going to see no how thrst bond movrs unfold further.
Good luck today all.
Good morning!
I remained from yesterday short in cable and short in loonie and EURCAD. I’m confident CAD can do better and if NAFTA agreement move closer to an agreement, the break will come.
GBPCAD seems a like a good bet vs eurcad:)
Morning Gaboss. There’s a battle going on in the loonie with the USD side and the NAFTA side. Be careful with that one. Your other shorts look good though.
I have taken a long in cable at 3936 and will add more around 3950. think today’s drop is a bit of exaggeration after we touched 3995.it was a well calibrated move yesterday picking up shorts at each levels. today’s move does not make sense to me. I am again targeting 3975 today
Hi Nachiket.
I think we’re seeing more bond yield follow through today. Yesterday’s lows in cable need watching as a break there will signal further downside and at least a test of 1.39.
yes I do have 3806 on my minds as well but usdjpy is giving no indication to me that it wants to head higher and neither is usdchf
Morning folks. I am hanging with a small Cable short from 1.39598 thinking with the big debt $69bln sale coming along and DXY breaking above 91, currently 91.09 and US10`s yields above 3%, currentlu 3.013%, I am reluctant to stand in front of the train just yet. This consistent USD strength will abate, but we cannot know exactly when. I have just bought the dip in Guppy (GBPJPY) however 152.159 for a tryer. I believe Guppy is a better choice to express the Pound at this time of month with BUBA lurking.
More to come in the room.
Took the Cable short off that I had running sice yesterday from 39598 of for 39401. A tiny. An iffy undecided Cable market.
My additional USDJPY long got stopped out at 108.54 last night just before price returned in my favor, other long USD trades( EURUSD and GBPUSD) survived and in profits, I don’t expect them to move much further till US session at the moment, GBPCAD looks interesting, I’m planning to sell at 1.805 or below 1.78. Have a good hunting all.
Ouch, sorry to hear that about USDJPY Chen. I was very worried when it fell down that low and that 50/55 level was a potentially big line in the sand.
Yep, I’d noticed that previous low but forgot to move stop a little lower before going to bed, so I’m deserved to be humiliated by the market. By the way, I enjoyed reading your posts about how you fighting with 109.1 and adding positions thereafter, Si did very similar review from time to time, it is this kind of posts attracting me to your website, thank you all and wish your website more successful.
Thanks Chen. It also helps me clarify things for myself when I write it out like that but the main importance is if it helps others.
Good late morning, took a part of the Tokyo session over the fixing and good I did..
-Still short EURUSD , added at 1.2236 around my base short from a few sessions ago. My stop at 45( the dead high) survived miraculously as I have small protection built in. Took the excess sale off this mrng at 1.2195 and plan is to continue till one side gives.
-Long USDJPY got stopped @ 108.88 yesterday, bought back at 108.68, sold some 109.15. Going to play it similar to EURUSD between 108.50 and the top of the cloud @ 109.28 today: jobbing parts around a base long until one side gives.
-Cadjpy got stopped on the other half finally at 84.74.The 84.30/40-85.15 range play seems to be the way still, will give a go again on the extremes.
-Still hanging on to a short EURCAD from 1.5680 with a stop @ 1.5710.
Nafta talks should see some more headlines coming through, the market feels a bit tired about negotiators talking and wants action. Until a clear outcome, I will keep the CAD positions small. MXN is a different animal as the wall and internal political uncertainty in the election polls weigh heavily on the currency. A Nafta deal/or not should have quite an impact on it as could or should influence voters choice. To be watched closely.
Tried to get a jump on this one yesterday. Ended with a break even stop.
Loaded up on shorts today . https://uploads.disquscdn.com/images/42d9bc6f35375da01087cefb1682bff690e22b736345d0ef0de6c0e5c2a164b1.png
Thx to Gerry Davies for highlighting this site.
Welcome Chris
Welcome to the madhouse Chris 😀
market is getting too short usd and would be trapped eventually. trump administration wants a weaker dollar
bitcoin support at 9004. immediate resistance at 9290 followed by 9494. there is no support after 9004 and bitcoin can go in free fall till 8k
Are you trading cryptos Nachiket?
Yes I do regularly