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morning all
though i prefer not to trade on this day but i remain a euro rally seller and dx dip buyer ..
watch out for the core inflation if comes less than 1.1 percent it will be bloody for the euro
stay below 1.16 and ull have a pretty nice run lower
Nice call yesterday Harry – great work. What a blood bath eh – Market doesn’t know what to do today lol
nothing to complicated option at 1.16 and 1.1650 stay below ull run lower … watch out for trump comments only but i bet will delay tarrifs i guess so ….today quadruple witching things could go messy a bit
Hello! I took a long eurgbp at the 61.8 fib (.8722) looking at the 50 fib of yesterday move (0.8770). Waiting to go long eurchf and the 111.40 area in usdjpy to short. Maybe scalping some support’s levels in eurusd and gbpusd when or if it happens. (1.1518 and 1.3204) with some tp and buy at these levels, just a 20 pips up move.
Morning folks.
Holding the WTI`s stil on a long CFD.
My other CFD short DXY looks like it might give me my 1st CFD loss in a long time. sailing very close to the wind with the stop at 95.25. As per my trade update yesterday, if the stop goes, I still make a bit off the 2 profit takes this week, but in actual fact, I will have given away quite a bit of profit. Part of the game.
Other than that, I`ve scaled in longs on Cable 1.3326, 1.33 and 1.3258 with another pending 1.31985.
Happy hunting folks
Ohayou gozaimasu tomodachi,
Still short EURJPY, AUDJPY, EURSEK and a midget USDMXN.
-USDMXN is now quite out of the money but it’s a longer term, over the elections, real tiny for now. I’ll soon be adding although this high yielder USD market may have some more legs to it looking across the spectrum and especially in the EM space.
-I still like the short JPY crosses. trade wars, Abe getting more n more pushed off the geopolitical table, yild curve flattening further, ECB killing the EUR and AUD( Ellis didn’t change anything) data starting to weaken respectively.
-EURSEK is technical through 10.20/22, weakness of EUR, Swedish investors liking their own currency.
Today’s seeing another few CPI’s in Europe. ECB doesn’t seem to have found to much reason to react on “temporary” spats.
US IP and Michigan consumer sentiment to close the week’s data calendar. I’m not fighting this USD strength for now but wouldn’t be surprised to find bid in the EURUSD towards 1.15 again and ecporter offers up and above 111.
Safe travels and happy hunting on Karaoke Friday
Morning everybody
Hi Lazola welcome to the house of fun 🙂
Welcome Lazola !
Welcome Lazola
Just woke up here. So good afternoon 🙂
Got burned yesterday on EM currencies. Will take some time to figure out what to do next
Hi Marek ,
I hope it wasn’t to bad. It happens to all of us trust me. If not I’d be doing it from a luxury yacht in the Mediterranean ….
Back to the drawing board, assess what happened and what to learn from it, take a step back and relax. Watch the World Cup this weekend if you’re a football fan or do some pleasant things to wash away the stress and disappointment. Don’t let it take a hold of you for to long.
Then brush up on the news and charts with a refreshed mind.
Thanks for kind words, that is exactly the plan 🙂
Fortunately, still in profit this year but need to be more careful. Its a lesson in humility
The most dangerous times for our account is when we think we’re invincible. Never forget the market is MUCH bigger than what we see and who we are.
He’s lying — He does it from a luxury yacht in the Caribbean ?
And I even have a luxury roof over my head
https://ae01.alicdn.com/kf/HTB1SS0DnkKWBuNjy1zjq6AOypXaT/2-person-inflatable-boat-sun-shelter-fishing-tent-shade-shed-seahawks-rubber-boat-sunscreen.jpg_640x640.jpg
Couldnt stay away…but managed to recover 60% of yesterdays loss, things are looking much better.
Have a great weekend everyone!
Nice work Marek, have a nice weekend and relax
As K said don’t worry pal, it can and does happen. Its going to sound a bit like the obvious but cant stress enough how important it is to set your exit point and stick to them – its the only control we have. I assume you likely just lost your head/composure etc – its happened to me many many times – as long as the lesson is learnt you will be back as a better trader – good luck.
Hey Marek. Don’t let it bring you down man. No one can be right all the time as i’m sure you know
Bit late on posting.
I’m holding short USDJPY and a short EURJPY from yesterday. Sig Draghi did indeed turn on the style. Cant wait for the next meeting, he’ll have some wiggle dancing to do 😉
I’m mulling a short EURAUD and / or EURNZD. It could be best to wait for things to settle today – so no trade yet.
Afternoon all,
So Gartman went short EU Wed with a stop above 1.1840! Next, price traded to a HOD @ 1.1852, knocked him out, rejected at 1.1855 (the 38.2 fib) and literary crashed 280 pips in a strong impulsive move that Not even the ultimate bullish $ expected! and what started with the EUR weighted on the other majors and USD ended up with the most bullish day in quite a long time. Only, rates were falling! Bonds were rallying! Probably why Gold and Silver ignored the $ strength and kept holding their breaks until few mnts ago!
Technically, DX managed to make a new high and broke resistance @ 95.07. May target 96.10-25 next
Regarding $ pairs, the recent swing lows still holding in most pairs except for the Loonie which finally broke and closed above daily bearish TL and cleared the 38.2 fib @ 1.3132. Likely to challenge the channel resistance on the daily next which comes around (1.3250). That’s probably the only pair i’m trading today since options plays will mostly hold the intraday ranges on the rest.
Good luck
Gartman … (haha lmao 😉
World’s single most reliable contrarian indicator (after GS’ Stolper) !