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hello all
a year back i was participating in the community with my real face than
my accounts were compromised …and that was the i driver behind Harry
to show up …lately aside from the trollers a hacker compromised again
my network and mentioned this previously i deleted harry and my IT
suggested a decoy and then was merlin that was his account but saying my
ideas …thank god we knew this d bag ….ill leave my account open now
as harry and ill comment on things once and while … love you all and
for trollers if hurt you in my ideas i am sorry …bigg thank you ryan
and bestman for the support…
Hi Harry, good to hear from you. keep in touch and don’t let the trollers get you down. keep in touch. Buy the way I did change my name eventually, still boring though. ;>
william wAS A good name my friend no need to change it is king william
cheers Harry
Good morning Harry, welcome back mate
thank you Kman love to be back the past days were quite a hassle
I can imagine: chin up, chest out and forward. 😉
Hi Harry
Good to see you.
ill say it again thank you for everything
Most of the action is to the downside in today’s Forex options expiries 11 June 2018
https://www.forexflow.live/2018/06/11/options/most-of-the-action-is-to-the-downside-in-todays-forex-options-expiries-11-june-2018/
Ryan, ty for this info, do you think this is a decent indicator today, I read your articles on how to deal with options, very useful.
Hi Conor.
I don’t think the options are going to have much of an effect today with all the rest of the news flowing about, and they’re not too big. At most, we might see some action if the prices is very close near to expiry. I haven’t checked yet but I suspect there might be some larger ones later in the week covering the CB meetings.
Thanks Ryan, as always top advice.
Sure thing buddy. Welcome back
thank you besty
Great to have you back Harry!! :p
Anyway guys, exciting week but where are we going. The G7 meeting ended up in disarray, May under pressure. Reversal patterns on the weekly chart for both EURUSD and GBPUSD. were are we going next? I am short EURUSD this morning and watching the GBP news at 9:30
Closed CADJPY gap. Now waiting for USDCAD to close the gap, or BE. Looks like free pips this time.
Usually London session gives me the ideas, but this week there are 2 big events, so no rushing atm.
Maybe to stand aside or trade exotics.
anyways i still believe the euro didn’t find the bottom yet and this range were playing now will break to the downside after the rollover … as for today the risk to the upside and whatever starts in low tier data day will continue as it is easy to push the price …. any ways for longies the target 1.1840 and above it large offers exists 1.1850-60 and than 1.1910 …
i had a smalll short here and ill scale accordingly target for the downside is 1.1740 and than 1.1714 only below this areA WERE GOING TO BREAK THE BOTTOM OF THE YEAR ….
still gold rally seller above 1300 and we need a failure in talks between us and nk to massively rally not now will have a meaningful dip before i buy…
dax will reach the peak today and ill sell this euphoria it is going to bleed
agree on DAX Harry, started shorting already
What’s your target on short DAX Harry
get back below 12761.7 were going to 12278.9…and ill assess there ..dax futures of course
i see the possibility of eu going to 1.1417 – 1.13750 area but with the upcoming 14 june live meeting… im held back with the thought of a sudden spike touching 1.20 – 1.215 area … these events often in the past creates such movements…
i am leaning towards a hawkish fed and a dovish taper
same… but still worried about those spikes that kills most positions… and retail traders like myself…
so buddy measure your risk accordingly no need to be agressive always there is good trades
Will do Harry 🙂
Aren`t you taking this great 2-way business HS? You`re describing some great 2-way stuff there.
the execution bro… i suck at it when get carried away with all the excitements during that moment… says it with my own track records… hard to break the ‘habits’
Good morning,
The G’s are getting messed up. What used to be 8-0, changed to 7-0 as one got red carded. Trump scored to make it 6-1.Now it’s more like a 5-1-1 with Japan hanging in between but moving towards the right side of the score board.
As I mentioned a couple times, I suspect there’s a reason why Trump remains silent about Japan when attacking the rest of the world on tariffs. But Abe didn’t confirm as much on Thursday’s joint presser with Trump , prolly not to frown G5 going into the summit. We’ll know soon. At least that’s a reason I can see to buy JPY crosses. Add the LDP Abe backed candidate winning the Niigata elections. I can agree with that bit of JPY selling. If it is due to the US-NK summit, then I think this meeting, barring being historic, will be a dud. We’ll see. I won’t fight the JPY selling if money can be made.
I was short a left over EURCAD and ERUGBP going into the weekend. Closed EURGBP last night on the open @ 80 and bought back the EURUSD leg of the other cross and a tiny bit more this morning to be short USD. Isolation doesn’t support USD. I am pretty bearish USD at least for the start of this week.
One addition, I went small short USDMXN on Friday, cut half back last night as I was surprised to find it back low 30s and feared a rally but nothing happened…
Will reload on rallies but USDMXN back below 20.30 doesn’t show much stress over tariffs nor elections for now.
Not rushing into anything. Watching & waiting with very important data out of the US & UK and 2 major events coming on top (FED & ECB).I personally never hold trades into these events as i think scalping is the best way to go until they’re out.
Things I’m watching meanwhile:
A rising wedge pattern developing nicely on EURUSD. Support @ 1.1750 & Channel resistance now around 1.1885-90. Probably a seller at that upper channel against 1.1915
Cable targeting 1.3528-68 as long as 1.3350 holds. For now playing the 3360-3460 range
USDJPY testing TL and previously broken bullish channel, you might wanna sell here with a SL above 110.20.
Break of 110.17-20 will probably target 110.50 & 110.84-111 next
EURCAD nice rising channel on the 1H. You may wanna consider dips towards 1.5250 against 1.5225 and targeting 1.5344 & 1.5444
US indices still marching higher as expected 2 weeks ago and still expecting new ATHs
PMs, Gold is still capped above 1300 and chances are getting bigger of a final wash out towards 1260-70 before rallying. Silver is still getting smashed @ the 50MMA for 2 years now nonstop!! However, things are getting pretty tight and a huge move is coming. Breakout levels are 16 to the downside and 17.2 to the upside
Will be updating & posting about any trades once taken as usual.
Good luck all
Great advice.
“A rising wedge pattern developing nicely on EURUSD.”
What timeframe have you this on ?
ty Bestman
It’s obvious on all time frames Conor. Usually wedges form in 5 waves and become valid once the lower channel support gets violated. I put on a quick chart for you for better understanding. Now again these are all possible scenarios and watching price action is key. If 5 came, selling there would be a good R/R trade, against the nearest resistance to target the lower channel support initially. I usually close my position there at support and try to re enter at an attempted rebound. Breaking the lower channel validates the pattern (channel turns into resistance after). Some traders wait for the price to break and close below the channel to go short. https://invst.ly/7p74x
Brilliant Bestman, will keep watch
And Bestman, thanks for the chart, so interesting to see your work
here we go again we bring the wedges talk … ull only get coffee as punishment for making crave
Harry, missed the fun and opinions, good to see you back.
thank you buddy ..hope your doing well bestman advices are very good been reading them … ill punish him only on the wedge talk he is targeting my shorts
LMAO. Those diagonals are the best trading patterns
lolll wont form
lol. Yehh keep saying that with every 10 pips drop! Just watch out from the FED
Shorted USDTRY 4.51
and short USDRUB 62.45
gap closed, now it can go down
Belated Good morning all.
I put up a post earlier with some thoughts on the weekend G crap so won’t bore you with it here again. Kman has also covered a lot of the bases in his comment here too.
A big week this week but unfortunately I’m going to be missing most of it due to an important family commitment from Wednesday onwards.
I’m still long EURUSd from below 1.1600 and happy to hold on to those. The immediate bearishness looks over and barring any big shocks, I can see it continuing to consolidate. That will change some if we take out the 1.1855 level.
I’m still watching USDCAD intently. As others have said, I’m surprised the Trump/Trudeau spat isn’t seeing further follow through today. 1.3100/30 is still my ideal point to look at a short entry.
Perhaps for the rest of the day we see the calm before the next storm(s) (Trump/Fed/ECB etc)
Good luck all.
Morning folks. Still holding the DXY CFD short from 94.04. Went into the weekend all square. Last night I took the long EURUSD 1.17704 posted in the room on the news that the new Italian government have committed to NOT screwing the ECB and that they fully intend to remain in the single currency et al. game-changer to a large extent in as much that it will calm markets nerves somewhat ubtil the new budget appears. So it`s not all over folks, but all eyes Euro-wise are firmlyfixed on Draghi. Mrket can out the Italian job on the back-burner for a short while.
Grabbed 1.34091 in Cable on the blink of the bad beats this morning. Filled well on that as the longs covered some and the 5 minute pegged up some. Still lucky to get that. Uncle Sam should take Betty`s draws down later.
Longed Berlins 88196 for a long haul. Looking for that one to take a good hike this week. All Brexit-noise allowing of course. Markets are focused on a soft Brexit well and truly..
We have Super-Tuesday tomorrow as markets are billing it. Super because there are 14 votes in all in the UK House of Commons. Expected to go on all day and ex-cabinet remainers are edging the balance to make sure Mrs May wins out on all or most of the votes. Opposition MP`s might rebel and join the government for what will be further steps toward a soft Brexit. So, Cable can do 1.33 area if sellers can take a hold. Rally from there IF and only if the government gets the votes. Massive day tomorrow for GBP. Super-Tuesday.
Happy hunting this week folks. You`ll need to be nimble on your toes.
Si super info and opinions,ty, if only we had Mighty Mike here, to cap off the room
Oh I`m sure Mike is watching us all Conor and getting his 2-way business.
Cable breaking below TL support and 200HMA
sold cable @ 1.3356 SL 1.3375 bid, TP 1.3308
just a quick update and afternoon grabbed a very quick scalp on that poor data from the UK to start the week. which now leaves me short AUDJPY due to my longer term short bias on AUD even after the stronger GDP as it was still in line with RBA forecasts so i will wait for wage and job data to pick up to change my mind. If i had to enter again I think I’d have chosen AUDUSD at a better level as JPY in my mind is a sell (when risk off ins’t a factor). And long EURNZD ahead of the ECB as i think the comments recently particularly from Praet will give the meeting a hawkish leaning, plus i feel the EUR is at a low enough level now where they can deliver a hawkish message and not have the EUR end up to much higher hence hampering inflation progress.
But until Wednesday now i will be just monitoring as i am out for bits of this week Tuesday and Friday
have a good week
Have a good week too Jack.