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good morning all
first respect to siheath on the article yesterday of trades going live here and not ashamed of any mistake or a bad call this what makes a big trader
second :i dunno why the industry is surprised by eu going below 1.20 did you think they will give this crowded euro longs a chance to go to 1.30 ? not in my watch
as for eu we are back at a familiar range pivotal one : 1.19-1.2092 ..intraday levels to watch : 1.2030 -1.2092 upside 1.1980 downside and i am a rally seller
gbp : beating betty is on still a rally seller and prefer to see services figure before any decision
leaning towards a hawkish fomc and uj run to 110.23
a rally seller eurjpy
ps : call me crazy call me clown my call is 1.1230 eu for summer .. i know many of you believe the bottom is at 1.17 … devaluing eu is on they are pushing reforms
happy trading guys
Our Si is a living monument
Ahoy hoy Harry king Kebab
i believe you all are H …rare people who do live trading .. yea i love Lebanese food not only kebab
still sticking with cable longs. stop revised from 3580 to 3565. I think it is getting too ugly now. to fall 180 pips on a expanding manufacturing PMI just tells how crowded the cable short trade has been
Like your style Nach ?
Morning folks.
I`m holding a CFD long DXY futs as per previous days. In long at 91.78. DXY spot was about 20 points higher, having broken higher through it`s much watched 200 DMA and has kept the highs thus far. Currently standing on 92.44 (Spot) Futs 92.20, I will be watching the Fed for clues as to whether I take a chunk or hold the position.
After more shorts Cable and a GBPCAD momentum trade yesterday, I`m back on the Cable trail with a short from 1.3620 on a pending and looking for 1.3530/35 initially. just above the 200DMA (1.35283) and an old descending trend-line in confluence. The 12th January might cause me to step out early. That stands 1.35336 on my time-frame. Other traders might have a slightly different number there, depending on daily time differences. I will play it by ear and try to be nimble.
Be careful out there.
Living monument ? ?
I know you’re going to have me for that one Si ?
Monument Dubs? You mean the imaginary friends? 🙂
Those buggers can go forth and *%#**”#% with luv’s to them of course ?
Good morning,
-EURJPY trailing stop at 131.80 got triggered obviously. Waiting for EU GDP to re-enter, ideally around/above 132.25 but I fear we may get a weaker print.
-Short cable at 1.3620 a few minutes ago , stop 1.3645
-Short USDCAD late last night @ 1.2842, stop to entry. Cad and MXN increasingly diverging on the Nafta agenda as per one of my previous.
-Short EURZD (1.7136) as per last night update on Dubsy’s post .
-USDJPY has some hurdles to overcome :110.95 bottom of the weekly cloud, 110.01=38.2 of the Dec’16 -Mar’18 decline. If so , the next target 110.88 ( 61.8% of the Nov-Mar decline) could be seen.
Hawkish FOMC tonight probably but that may partially be priced in. I wouldn’t mind fading an initial USD kneejerk reaction to re-enter long at better levels as the main direction doesn’t change.
Update: 10p loss taken on the cable short @ 30 . Felt a little uncomfortable right here and now . Prefer to save the 15 extra pips to do invest in something better
Good morning everyone
Fed day is here but low expectations for any action. Still, you never know.
Update on trades – EURUSD – Just been stopped out of the 1.1996 short. We look to have a bottom in place for now.
GBPUSD – Left a trailing stop in at 1.3625 overnight on the last slice. That’s now closed
USDJPY – Still running longs. 3 tests of 109.90 last night/today shows that there’s heavy defence of the 110 big fig and barriers.
More markets back online today so perhaps yesterday’s USD buyers might be finding a market pushing back against them today. That might lead to some short quick USD sell offs if longs have stops layered down.
Good luck today.
Just a few more thoughts regarding today’s trading.
Sometimes after a hectic day, where we’ve seen some decent moves, it’s wise to often step back and assess what’s going on. Trades that you ran with one day may be different the next. Trading is all about fact finding and questioning when and where you might be wrong. The trends may remain in place but that doesn’t mean it’s not going to pause.
The way to identify whether today is going to be a follow on, reversal or pause is by watching the levels. For those who are long USD in any pairs now need to watch their respective USD highs. Further holding of those levels confirms that bottoms/tops are in place, even temporarily and that can allow you to take some profit or lock it in so you don’t end up undoing a lot of the hard work from the day before.
Don’t get married to your trades and don’t blindly think that because you were right yesterday, you’re going to be as right today. Protect what you’ve got as you can always get back in at better levels if the market moves against your strategy.
? Well said Ryan ( boss trousers )
Marriage never worked for me in the past
Just wanna share my observation as of late– (regarding two rival sites:u know what they r:)
One is continuously evolving full of energy&prospect w/ real traders sharing well-executed trades&meticulously made decisions and thought process..The Atmosphere is pure&simple:) Necessary wording no nonsense useless info needed in order to achieve some goal (increase net traffic ad session revenue maybe sponsor fees,etc(i can go on..) Excellent timing to market movement &news feeds article&analysis. Site w/ a heart and relate to reader&fellow
tradeAlike
Now to the other one=>> Oh My,my.. Longer running daily dose of robotic post site! Fewer interesting &professional written views came into mind:) More and more wanna be traders alike swarming to the pot won’t make the situation better! Offering uneducated guess trades&ideas.. Good luck w/ that:) Glad that i can filter&block some of it on disqus. Lastly, to the owner: If this is what u imagined the site being what it is now?! Then SUPERIOR SOPHISTICATED SUBLIME.. will not be the subtle description to it:) Improve or dissolve:) Kind regards, happy pi(m)ping…
Thank you very much Jimbo, your comments are most welcome regarding what we’re trying to achieve here.
I’m not going to get into any cat fights about other sites as I don’t really give a hoot what anyone else is doing. My concentration is 100% focused on my trading and providing the best help to other traders. For me it’s simply about traders getting the best information, wherever that may be. It’s up to the individual to judge what’s good for them and if that’s picking pieces of information or analysis from various sources, that’s a great thing. It’s whatever helps your trading that matters.
I’m not competing with anyone nor wish to, I’m just doing the same thing I’ve been doing full time for the last 8 years and that’s trading and talking about markets.
I can only speak for myself here Jimbo .
Your views will always be valued by me ..
If you want to link to other sites on my watch …Be my guest ;
As long as things are kept clean and sensible you guys will never be censored
Well said Jimbo. Kind words indeed. Thanks
closed all gbp longs. opened a short here at 1.3655.. sl 1.3676. banked a nice 70 pips on cable long
Nice trading N !