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good morning all good morning dubsy
i remain a eurusd rally seller over the medium term expecting 1.2153 and 1.22 to cap any bull dream .. the 1.21-1.2092 area will witness a good fight on a break of it long covering and squaring will occur deeper setbacks to 1.19 expected
i remain a gbpusd rally seller also over the medium term expecting to see 1.3680 till before carney may meeting
be aware of buba month end demand which will give limited spikes to eu and turn it ugly to gbp
still a dx dip buyer
Ahoy hoy Harry.
Cant disagree with any of that fine synopsis
buba are generally active on monday and tuesday. I am not expecting anything spectacular from them
usually starting few days before end month it has been a while now monday is a low volume day might use it and also today .. tuesday is a holiday
From what our man K says, being a former fella in the know.
They prefer to do it in stages when It won’t effect the general market / price stability .
Think they have their work cut out this month :))
thank you for the good news
it looks like both euro and gbp will be cleaned today. it looks like an inverse of what was happening last year around this time. on every single day euro was rallying for 20 days. I fear if 1.21 goes today we may easily be cleaned up till 1.20 and then after the options start unwinding 1.18 will come. in that scenario gbp will easily go to 1.38-1.36
Were you on the EURUSD drop yesterday Nach ?
yes i did sell at 1.2190 and covered at 1.2156. again a noob trade which I am doing it regularly now and simply not learning from my mistakes to hold the trade
eur/gbp is really struggling to make new lows. I fear doomsday for gbp
Morning folks.
Dollar still perky. Above it`s 100DMA with the 200DMA lurking above. It has failed to get above it`s 200DMA since May 2017. It has tucked above the 100DMA on 2 occasions since October 2017 and failed to stay above on both. For those that like their MA`s the 200DMA stands 91.99.
Euro remains under pressure, could have plenty of downside via EURUSD and EURJPY.
GBP remains under pressure. We took the chunks in yesterday`s upside and then the downside. Rinse and repeat as GDP`s are likely to have a weather-related miss on expectations, but watch out for at least “some” market forgiveness on that print. I am short Guppy 152.2578
Good luck folks
It’s Friday and Si has to mention his imaginary friends (MA’s ) just to wind me up ?
😉
Short usdcad.. (yeah, that simple)?
that profile pic is too hot to ignore the trade
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Having it large on this one since the short trade suggestion.
Bust’s a move here beneath the lows and it will be a few glasses of vino for me laters
Shorted on the top@1.7255 yesterday:)
Superb Jimbo !
Never any doubt was there 😉
Very similar set-up on the EURAUD short trade
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gbp has cleaned up an imp level at 3885. feels like 3830 should be soon
I’m still holding the last part of EURUSD and smoking the cigarette brought by H on the USD long train, feeling a little dizz so I blame the speed of the train, believe HDublsy’s goods should be fine, I’m ready to get out and hop on his EURAUD’s one, though would keep riding EURNZD till 1.71 is gone.
Hahaaa ! ?
Morning folks
Not the best of starts for me. EURUSD longs from yesterday stopped out on the break of 1.2080. I took a small chunk off at 1.2125 so the loss wasn’t as much as it would have been but a loss nonetheless.
As per notes yesterday, I pulled my 0.7055 bid in NZDUSD and am bid at 0.7040, just ahead of the two fibs (2015 & 2017 swings) around 0.7030/35.
If I see EURUSD resisting into the 1.2090/1.2100 area, I may look to grab a tight short. I’ll be watching 1.20 very closely as if we break there, I may get out of all my EURUSD longs.
Everything seems so fine, Kim and Moon even enjoyed noodles, but Yen is rising across the board, interesting, en
Taken 2 nice-ish chunks short the Guppy> Chunks are in the locker now and waiting for GDP`s. Are we North or South the GBP?
Cable took the important 3870 and prompted a little profit taking there. Poised
Good morning , ohayou gozaimasu minasan
Having watched and waited on Boj for so long my Japanese few words are coming back all naturally …
Positions unchanged in the meantime
-Short EURUSD, will start to manage this more actively in between month end flow waves. 1.2030= 23.6 fib of this year’s rise. Thereabouts will see me take some decent profit and trade around with that bit under 1.2120 if done. Stop in place now 1.2160.
-Long USDJPY : Disappointing BOj/Kuroda activity but then it’s JPY. Month end models show USDJPY buying , let’s see if we get that 110 print before Monday 4PM London. From then on I may refrain a bit from being short JPY since Monthend/ Golden Week demand should be done.
-Short EURCAD, a Nafta deal would be great to put the cherry on the pie of a great month in that cross. I will tp on the initial acceleration as most will be priced in then.
-Buba EURGBP demand should help keeping cable under pressure as others mentioned, jobbing that one from the short side
Boom GBP in for a tough Friday, GDP undershoots massively and ONS says weather impact was only limited, market expectations for a rate hike next month drop to 36% …
We`re on it bigly in the room
Yep very nice cherries this season … 😉
well weather impact had a big role to play in it.I remember some collegues from my office were not able to board the train for office and work was heavily impacted
Not according to the ONS Nachiket. Minor impact only. If that is the case then Q2 will need to spring back very strongly. I’d be looking for 0.5% or more.
Took the chunks in Cable and Guppy (both off pendings short) wait to see if we get a 2nd wave.
I never thought GBP would fall 140 pips from the time europe started
That might not be the end of it Nachiket.
1.3736 last standing support in cable. after that free fall.
buying gbp here. stoploss tight 20 pips
Thank you for the great input pirates foxes and vixens
Helped me hold tight with my convictions .
Super week
? In a manly way ..yet does it matter …..As long as you guys are giving as good next week 🙂