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Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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morning big H good to see your yellow arrow shining again ( my spicy day yesterday )
eu : 1.1880-19 a solid supply area the next wave should find support at 1.1760 and i am a rally seller
gbp : still dont see a reason to breach the range 1.36-1.3480 buy low sell high
uj : 110 will be history lol exporters unless a big war comes up than god help the middle east
usd too fast to soon nahhhhh watch the whales on ny open
happy trading
Ahoy hoy king kebab !
You have to taste those Lebanese kebabs Nach ( wink )
The yellow arrows are flying proud again Harry ?
where are you Dubs? still in the factory?
At least somebody misses me ?
long uj, short eu
One cross that has caught my eye since yesterday Shorts in AUDNZD
chart..pls
https://uploads.disquscdn.com/images/75a1bf63f8a0c2356e2a92890e349dd84efe95285247c70c5e5e33973b40308c.png
shorting aussie is the best trade at the moment. aussie just broke one more imp level 7416.
? Nach !
red is for Chilli or communism?
Give me the hottest red chilies every time
Less painful
https://www.youtube.com/watch?v=Q0oIoR9mLwc
At last a guy with musical taste !!
😉
morning guys. adding on to gbp longs between 3500-3560 area. not convinced though but some of the gbp crosses are bullish. so looks like gbp is the culprit of some dollar selling
our friends from forex live say yields back above 3%
Just edging in to 3% today N. The late April highs were around 3.035%.
Bonds are a funny one to watch. I suspect we’re up on all the China trade/NK chatter as that’s positive for US fundamentals. Iran is potentially the opposite, which is why we saw the buck show some safe haven status, which applied to bonds too.
Morning Naki–you don’t need forexlive for yields. If they’re not on your platform just have some references up and running like Bloomb: https://www.bloomberg.com/quote/USGG10YR:IND That way you can react faster.
Ahoy hoy Peter
I’ve been missing you ( in a manly way ) ?
Hoy have you been dear Sir ?
Nice to feel missed HD and be assured I’ve been reading your posts. Perhaps I haven’t been posting enough here because I’ve had the privilege of being in touch with Maestro Ryan.
Enjoying the delightful weather (upper balcony seems very tempting atm) with the missus but also been dabbling/scalping (GBP in particular) quite a bit and having a go at nas100 and dax when the opportunity presents.
I’ve been fine, thanks D, and hope you and yours are as well ?
Wonderful to hear Peter . Super to touch bases here my friend .
Morning pip slayers
EURGBP is worth watching at the old pivotal 0.8730/40 area.
USDJPY looks to be setting up for another test of 110.00. I may look to go with a break.
EURCHF I may look to take a long into 1.1830 or down at 1.1800 although I’m still very wary of the potential Iran fall out that may still come, so I’ll be keeping anything small and tight.
EURUSD I’m now out all my long-held longs. All good things must come to and end. 1.1709 is the 38.2 of the 2017 rally and that’s about the only place I’d try fresh longs from, purely on a tech trade. There was plenty of S&R there previously. Fading rallies into 1.1900 looks the obvious play but always after big moves like this you’ve got to be on watch for a steeper pullback, if only to refresh the trend. 1.20 would be choice for that.
R. Do you mind to write a post about how did u start this Eurusd trade, what did u do through all the situations… :)) i think that will be a very good education post.
he is buying since 1.06 if i am not wrong ryan and then possibly you added at 1.08 and after french election results
1.0656 was my first entry N. Too early as usual 😉 1.0350 was my lowest in that period.
Here you go qf. Hope you find it helpful. Please bear in mind that Ryan began buying eurusd when almost every man and his dog were expecting/calling/positoned for eurusd parity by the end of 2016 (if not sooner). It is one of the finest posts I have ever read: https://www.forexlive.com/technical-analysis/!/its-time-to-look-at-the-long-game-in-eurusd-20161208
…i read that post before…i’m suggesting him to add more content in the education menu.
If I get a chance, I’ll put something up about the end of the road and a review. I’ll probably use a lot of what O wrote previously because that has all the situations as they happened.
You’ll make me blush Peter. Thanks.
Takes a lot to make him blush Peter ?
You won’t tell right now as I’m still sunburnt from the weekend ?
Lots of LOL’s
Hi folks,
-Still short EURNZD, EURSEK
-As per Liveblog update back short EURCAD and ..
-Bought USDJPY (and a tad more) against the shorts EURJPY this morning for an expected break of 110.
Several things seem to have happened overnight. First 108.80/90 held solid again on the JPY safe haven purchases and the short term market was running long JPY into/post the Iran decision just like me.
Then US rates again taking USD up vs all ccies and higher Japan real earnings report for the first time at 0.8% since a long while giving hope for some inflation.
And, I’m guessing here, yesterday’s strength in GBP and tonight’s JPY sales into the fixing may have something to do with the Takeda-Shire FX bit (?)
For the rest buy USD dips unless told other wise.
I’ll be monitoring EURCHF 1.1840/50 for any SNB hints. That’s the level that held rocksolid before the last spurt up to 1.20.
I think Mr Heath yesterday was all gungo on gbp longs. He seems to have bought a million dollar himself 🙂
N, who’s Mr Heath ?
Si
AAAH Sorry N, I’m not used one of us being called Mr. ? I thought you made up some name for someone here . Sorry Si…
Yes Si’s very hot on GBP, The Sherlock Holmes of the GBP ,always finding the clues to solve the mystery.
good luck. I have boarded the long train as well since today. I think BoE would be a non-event and markets focus will be on US CPI and like you said who wins the inflation battle. If today’s US PPI comes bad there is no reason to believe tomorrow’s CPI number will be good
All the market talk right now is that BoE will signal an August hike N. That idea is doing all the rounds, so it could be a sell the fact initially and possibly then, a slow grind North with plenty of dips (Brexit noise diips)to buy, rally`s to sell along the way. Fed is still last man standing but BoE is the understudy in the hiking stakes. A limp understudy IF August is flagged up. No August…short it
Not “gungo” at all N. neutral in fact until the BoE tomorrow. Plenty of time and patience for that one with more than one way to skin the cat 😉 MR Heath indeed 🙂
Morning folks, I am toying with Kiwi short again via USD as the bottom of the weekly range and DXY to 94 looks compelling.
Pending short in on EURUSD again break of 1.1821 for 1.1780 and might hold that if it comes off today.
But oil is my poison now that POTUS confirmed sanctios on Iran. Iran oil will be hit. Supply will be hit as the US makes plans to hit refineries who dare to take Iranian oil. Asian markets are looking for alternative refiners right now and other markets will likely follow, so that puts me long WTI`s on a CFD from $70.38 looking for the Saudi`s $80 wanted.
Waiting patiently on the BoE tomorrow.
what caused this move in GBP today?
One word N….August
agreed but is there euphoria now in this rally. BOE just said they cannot bail out GBP every time. so are they preparing us for a big downside tomorrow. maybe they already know inflation data
I did say earlier that tomorrow might have some “sell the fact”. That`s just one of the reasons that I stay out of this BoE for the first time in a very long time. Too much hype at all ends of the scale. The best trade is for the traders who just sit on the sidelines, wait for the dust to settle and then move on it. It has plenty of downside or upside potential.
Agree wholeheartedly.
It looks like some risk relief from the Iran thing. Yen pairs have been leading. While the news remains all political, no one’s worried. If things go south and it starts taking on a more military stance, then we’ll see risk crack again.
have to ask this to Si. PPI data is bad so does it mean CPI can be bad as well. because there seems to be no hurry from the producers to increase the price because there is maybe no demand
Not necessarily bad N. A miss on PPI`s in terms of inflation outcomes is dependant on how much the producer passes on to the benefit of lower prices for the consumer and how much the producer keeps for additional profits. The US economy is running quite hot, it`s a consumer-driven economy and the competiton is quite fierce between producers, so the benefit should be for the consumer. It`s a very fine line between the relationship of PPI and CPI, CPI being the end-inflation-product. On today`s number and recent numbers, my best guess for CPI`s is flat to expectations. Having said that, extra tax dollars in consumers pockets from the tax cuts might have caused producers to keep all or most of the savings, thus causing a little more inflation. We won`t know that until CPI`s and the very detailed report comes out. So be careful on reacting to the headline number. The report can often tell a different story.