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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 all
eu in search for a catalyst to break this neutrality
it is an option day and it is 2 ways business with lot of vola in a
defined range 1.16-1.1690 … only a break of 1.1580 and we are going much lower
above 1.1730 1.1855 to cap the upside
and i wish ryan could update us on the puts and calls or teach us how to gather it
remain dx dip buyer
Options post is up now H, with a few thoughts.
thank you appreciate a lot
Morning folks.
Yesterday, I traded Guppy longside 145.319 and took 145.943. It concerned me with a swoon and had to hold my nerve. Not so with a Berlins short which I had to wriggle out of for the tiniest of tiny`s during the same GBP swoon.
Short CADYEN`s cost me a bit of stop money. A quick short Cable 1.32496, gave me that back.
Another Long Gups after the GBP swoon got me in at 145.251. Swooned again to try another retest of the 144.958 low and eventually paid me 145.731.
Still running North with WTI`s.
Now, I am off for a few weeks and wish you all all the best in your trading. Stay safe. Good luck.
Good morning folks
FX markets don’t seem in much of a hurry to break new ground. Lots of sideways action interspersed with some headline news and just when it looks like something will happen, we hit a wall and stall.
It’s times like these that you have to remain very patient. Pick you battles and trade the edges of the ranges, otherwise you find yourself stuck in the middle.
GBPUSD keeps testing the 1.3200 level and that’s a sign that we could get a break. As per the order board in our trading room there’s bids 1.32-1.3190 with stops seen on a break of 90.
EURUSD looks like it’s going to be glued to tight ranges again. Lots of options expiring today (board’s up). Sometime’s when there’s so many it can have the same effect as when there’s none at all. A case of too many cooks…
USDJPY looks locked in a very tight range and swaying with what happens in the crosses.
What I am starting to wonder is whether we’re heading for one of those mini-flash crashes that can pop up now and again. The market is still very jittery over this trade war stuff and the longer it goes without any resolution, the more nervy the market will get. We’ve seen some big moves in stocks already so perhaps the pressure valve is already at work but don’t rule out some further dummy spitting that might just catch the market at a vulnerable, low liquidity moment. I’m not calling for anything apocalyptic but just one of those tyre popping moments.
Anyway, have a great day all.
Morning Ryan, yep well spotted 🙂 nothing like experience. Things are twitchy as a herd of steers grazing, won’t take much for a stampede, cause we habituals have to take it as an occupational hazard ,atvb Chris
https://www.youtube.com/watch?v=nvmYfcQB5HY
Hi Chris.
How are you sir?
Great Ryan loving this glorious weather and world cup and how are you ?
I’m all good thanks Chris.
BTW, I don’t know if you’re close but we’re having a drink up in London for the game tomorrow. Our mighty England against Kman’s waffle eaters 😉
It’s an open invite so fee l free to join us if you wish. Details here. https://www.forexflow.live/2018/06/19/news/forexflow-would-like-to-invite-you-to-our-world-cup-drink-up/
Good morning,
Out of AUDUSD longs.
Still a bit long EURUSD. Got out through 70 and back in @ 52 as per in the room. Maybe will US dur goods give us some hint as to where we’re heading post the thick option expiries today. USDJPY ditto, waiting for clues
Tiny sliver short USDMXN, but to small to be called a position really. Would like to see a rebound to reload but I’m not the only one in this scenario. Could be waiting for Godot here.
Entering month end territory with the possible EURGBP demand at times to be taken into account. I bought smalls just as it appears GBP is weak. Let’s see what Carney tells us
Safe travels, happy hunting
Good Morning.
Not much to say that hasn’t already been said by the wise ones here. I have my scalping cap positioned at a jaunty angle on the side of my head and not really searching for the big homes runs.
Even in these frustrating markets there’s always something for the poachers.
I exited the GBPJPY trade posted live on the blog for +40, just below yesterday’s low as suggested.. I placed a trade in our trading room to sell EURCAD at 1.5544 . – Think this is one to watch for more downside.. Still in my ongoing USDJPY-EURJPY shorts.
Have a spiffing day and enjoy the lovely weather.
Nice call on EURCAD !
Morning i have to admit I’m a bit rubbish in these conditions as without fresh reasons i’m filled with a lot of doubt about my chosen levels. Example 1.1720 i had as a sell but didn’t this week in EURUSD after the ECB sell off but i didn’t take that in the end and that would of worked out nicely (easy to say after the fact though).
Yesterday’s NZDJPY i got out of after my poor entry had it go sideways for the day basically break even. Should of waited overnight in hindsight because it’s sold off nicely with this risk tone, but hey never mind.
For now i wait only pairs i have a good sense in is that NZD short idea NZDUSD looking for 0.6850 or 75.20 in NZDJPY. Also AUD short but may wait for the top of the larger range i see around 0.7430/40 to sell that one.
Other than i’ll sit here and wish i was outdoors haha enjoy the day 🙂
It’s hard going Jack. Just remember, it’s better to stick to your guns and do nothing than chase stuff and lose money. I didn’t buy cable at 1.3220 on the first touch after highlighting it 100 times.
And if you miss stuff, you miss stuff, just watch it again but make sure to judge each move on its merits at the time, not on what you saw previously. Every move is different.
Thanks again, is there any key things to look for on judging a move or is it experience and gut feel at the end of the day? Because usually i guess i tend to just buy or sell a level on the first approach partly out of the ‘what if it just turns and runs’ and also i just trust my reasoning for that rough area to hold though it does mean i very rarely have tight stops or good RR.
The gut feel comes from experience. ‘First touches’ are the important ones when they test a new level or broken level. I apply a diminishing amount of faith in a level the more those touches happen, particularly in quick succession. So take your 1.1720. Good strong touch and rejection, and the same may happen again on another move there (depending on the reason). But, if we find we keep going there and prodding more often, then the risk of a break increases.
Got it, thanks for the advice 🙂
hey everyone
Im on a sidelines mostly. Opened small USDTRY short yesterday 4.665 and closed half 4.62. Reloaded 4.645 today.
Waiting for something interesting to happen, no hurry.