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A good day yesterday for those willing to take a few chancy scalps against the Medium term trends. For those returning from a glorious long weekend – Don’t forget to wash the sunscreen off 🙂
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morning all
cant see powell adding anything new in the speech so a none move .. it is all about iran deal and you can say bye bye … buying oil dips …
eu : 1.1950 a ceiling for now .. 1.1910-1.1880 area for bears to get below to declare victory …
gbp on hawkish hold till boe but cant see breathtaking move before boe expected to be offered around 1.36 level well supported 1.3480 buy low sell high
Ahoy hoy Harry.
Yep…..There’s always something looming over the horizon to add spice to the proceedings
Like a good kebab ?
morning big H we need spicy things where are your yellow arrows ?
Hahaaa !
Yellow was sooO last week Harry 😉
you always talk abot kebab’s . do you get that in china?
HDis master iron cook. he makes it himself :))
….. ?
It has been a running joke in our trading room for sometime ?
They all try to make me feel homesick by mentioning different foods that ( they do not think I have access to) …..The joke is on them really lol
The food here is amazing !
where do u stay in china?
S/W China, Sichuan province Nach
Where the food is spicy and the people spicier 😉
USDCAD giving a masterclass in indecision .
Happy to take the short scalps until this blows topside .Needs a catalyst
I often get asked why I like to take scalps https://uploads.disquscdn.com/images/21e0e6e568cd84e298cb93c4cf5e2a4d31e67657acfaa3e909534056624d21c7.png off of H4 charts. …It’s all about the levels , which can be very evident if we zoom our trading minds out a tad …. along with our charts .
cable has a big upside to cross. 1.3719 is what i see on my charts before even considering a long. its about 130 pips north from here. the market is selling the dollar since morning.
good morning!
I’m holding short on EURGBP, seeing cable bottoming and adding short USDCAD around 1.29 as I like the range too Dubs 😉
Morning folks.
CADJPY long not giving to me. I`ll see if my patience survives on that one. I shaved 5 bucks on Gold yesterday and had a $1310 pending in again. Up early doors here and it didn`t quite fill on the number, so I jumped in again 1311.001 long. That`s all I have on the board, a delinquent loonie JPY cross and the shiny stuff.
Looking around. I like the way that EURGBP is shaping up and EURUSD. Cable on the march for now. Both still a sell the rally`s imho.
Update, Stop to break-even in Gold. Looking for 1320 area
yes for sure cable
short EJ…
Just a quickie on the USD…looking vulnerable here having peaked 92.97, high on Friday was 92.89 and this morning`s peak has been 92.88 thus far. IF Dxy fails to get above 9289 anytime soon, it is vulnerable for the 92.50 area. A downside break from there and it spills.
Good morning pip fans
I’ve just sold USDCAD at 1.2902 to get me up and running for the day. I’m still very cautious about shorts up here as we keep coming back, testing and breaking. Stop’s just above 20 and not big size so we’ll see what happens.
GBPUSD is looking a bit more lively today. I wondering whether we’re going to see it with a stronger bid tone into the BOE purely on the basis of how far it’s come in such a short amount of time. I’ll be putting some full thoughts together on the BOE soon.
Have a great day all.
Well that didn’t take long 😉
Risk coming right off. NAFTA and all,,yadayadaya, all too much for investors. A bit of YEN,Gold,Swissie,USD safety coming in
Not what I would call a risk off in the classic sense just yet .
Yen and Swissy are steady ….. A bit of head scratching here .
Maybe I have lice ?
Risk off Dubs
Not yet ….this is risk between ccy’s that could be effected by trade deliberations and Iran fears . I still see no risk in the classic ‘ risk sense ‘ Si
Stocks of…money was flowing into bonds and the traditional risk currencies were right off mate
Watch me trade it ?
Always look forward to watching ya mate 🙂
Good morning dear forex friends,
-I’ve got stopped on USDCAD tiny through 1.2915. I reckon we were just to many in that range play. Nafta uncertainty to strike a deal this week and Trump’s decision of the Iran nuke deal today has made it to tempting and easy to get the tops our of the way. Now the books are cleaner, the positive impact will be bigger if something good comes out. If 19.85/00 is seen I’ll try it again.
-The rest is still there: short EURJY , stop placed at 130.55 now
-Short 1/2 EURSEK, first leg tp’ed at 10.5030. Looking to re-enter at 10.5650-5750 or cover the rest around 10.4050.
-Short 1/2 EURNZD
Jobbing EURUSD from the short side inside the 1.1890-1.1955 for now in the advent of Trump’s announcement on Iran.
aussie has support at 7483 and 7457. if 7457 goes i will start buying gbpaud
I’ve been looking at that chart Nach.
Resisting the temptation so far …interesting
7483 is gone and we touched 7481.GBP has fallen 60 pips as well. aussie 40 pips. lets see who gets cleaned up more
dont try to long it. it is in bearish territory now
watch out for big move if gbp breaks 3520
Catching up here…Short EURUSD for 1.18450 from 1.19118…short Cable for 3490 from 1.35361…stops to break-even
Gold off for a few bucks
go for 3440.
DXY “last man standing” breaks 93 on safety
EURUSD/Cable shorts stops to break-even. See if they can give me
Risk seeping back a little for now and so I took the chunks in Cable and EURUSD just to get me up and running. I sense from the general outlook that risk is likely to come on and off in spurts like that all week while all these things continue to weigh. NAFTA, Iran et al as detailed in the Re-caps. This early European morning after the holiday weekend seems typical of risk management meetings ending in risk repositioning. Might be all over with for now, but equally, could just be taking a breather. sSay nimble.
I took a long in cable as well but it is hedged. cable is behaving mysteriously. it has to catch up a lot on the downside which I am sure it will. not sure why the cable move did not come along with euro, nzd, cad and aud falling
We need BoE to tell us N. GBP is meaningless right now. Consolidation. Guess work until BoE shows it`s hand on Thursday. I`ll let the dust settle and follow investors thoughts. Plenty of time to catch the direction.
there comes that move in cable i was talking about. if 1.3486 goes we have a good downside to come till 1.3414
Good stuff N