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morning all .. lets go mighty lions and captain harry for the cup …congrats belgium …
the european headache started it was not the end dont be mistaken
…every upside in europe equities and currency is an opportunity to
wont rule out a minor pull back on usd to march higher back …
Brother what will be the next target of EU in this week please guide me. Thanks
the euro is neutral on hurdle targets for upside 1.1690 with range extension 1.1710-30 …first downside target 1.1570-80 and a break there were going 1.1390..i prefer to rally sell it
Brother I am already on sell and thanks very much for your help
$ selling day..
sell some uj?
Sure, why not:)
Didn’t chase anything for the first time yesterday in AUD or NZD which has me on edge a little as my hindsight mind is going crazy over what could have been but that’s my issue to solve.
Short now AUDUSD in around 0.7355 stop 0.7423 but entry was after RBA and i feel i am trading yesterday’s themes and am lagging behind slightly with the returning appetite for risk so far today, we’ll see *sighs*
Other than that i have nothing so waiting on some data for the UK to watch but not much else will see how AUD stands if I’m stopped on that one and whether anything has changed
have another good day all
p.s. i haven’t mentioned the C word today though 🙂
Keep ’em coming Jack
Those barriers at 0.7300 look well protected Jack. I was bid at 0.7305 yesterday but we didn’t get close. For your short, you want 0.7400/10 to hold.
Right ok will keep an eye out on the break there thanks for the advice as always a great help 🙂 (why this site is so great imo) if the sellers can’t even get that close to the barrier is that the indication that we’ve got a lot of support in that area then?
Also on the above ideas i was going to short NZD into 0.6740 but on today’s risk on feel im unsure now…and the losing AUD isn’t helping my decision.
Trading is very hard psychological fight where the pressure arises if you loose your “mojo”. Things stops working, everything goes against you. This is true for the other side as well. If you find your “mojo”, your trade goes with confidence. The guys from forexflow helped me to find the way back to normal trading. I have hard times behind me, and being more focused.
I’m USDCAD short, waiting to chase the new lower low below 1.313.
I’m watching closely EURSEK short. It seems after reaching the 61.8 fib of the last downtrend move, the SEK has potential to correct to 38.2 level which sits on 10.33. This was strong resistance and support level in the last month.
usdcad stay tuned:) Eyeing for low, gaboss:)
Glad we could help you with that Gaboss.
Riksbank in a few minutes could give an opportunity for the SEK. the 9.47 hurdle capped it ok on a couple of tries. We could use that one for a gauge post rate decision
Here it comes. Jumped from 10.43 to 10.37!
Indeed Gabs, Wise words . Incredibly difficult to take a step back and analyze oneself as we often do not like what we see . Being able to confront our shortcomings is half the battle, in trading and in life. It’s an ongoing process ??
That’s great to hear Gabs and long may it last. Thanks for your compliment to the guys here.
Good morning all,
Half left over shorts EURUSD and Cable got taken out at b/e. I’m going to trade ranges with a short EUR bias as I don’t see the goodness about these migration, saving the German govt, deals for the EUR for longer than a relief blip tbh. 1.1670/80 and 1.1720/30 I’m looking at for entries as they come.
Also looking at buying USDJPY dips. CNH(Y)/JPY is getting lower by the day. It’s a closely watched cross in the region, we may see some managing there at some stage. As long as USDChina is bid, it should be tough for USDJPY to trade much lower imo.
Well then , in for a try at 70 n the euro ,tight stop at 85 for a return to 1.1625/30
And of course still the tiny USDMXN short I forgot to mention
Belated GM to you all.
A solid finish yesterday. Closed up USDJPY & GBPUSD shorts from Fri/Sun. Took a bit more off my USDMXN short as it looked bullish (that thing is back down again today). As per the room, took some good pips in cable off of 1.3100, catching the bounce over the fix.
I like playing the big figs so that’s what I’ll carry on doing today. Shorts into 0.7400/10 look good with a tight stop, though I might have missed the chance there with the 0.7397 high. Same with cable into 1.3200. 1.1590/1.1600 – 1.1700 looks good for a range but I also agree with the range Harry keeps noting.
USDJPY looks like it has some good sellers into the 111’s but the fact we keep chipping away at it suggests we might get a push higher. I’d look at the barriers in that case at 111.50 & 112.00.
Have a great day folks.
Would wait with EU & GU shorts, when NA liquidity will indeed be thin, I would expect upward vola into the fix.
Good thinking AGP 😉
Yeah well … thinking ? More a gut thing tbh.
I do not like these weeks where a one day holiday plunges in, exactly in the middle.
It’s your fault for thinking )
Know the feeling AGP
Not a lot of anything going on AGP.
Bit late to the party, but here we go:
1. Ive began shorting oil more aggresively when it hit 74.00 yesterday as we started approaching upper trendline as well as the big figure and continued shorting until 75.15 when rally fizzled. Closed half of all my oil shorts at avg 73.80. Bit unsure what to do with rest, but so far so good.
2. Small gold long 1250 will probably close today, gold feels very weak lately.
3. Entered USDMXN short yesterday again at 20.02 closed half today 19.70. This one I plan to keep for longer and add if we get above 20 again
4. Short USDTRY with avg price 4.645. Small loss for now, but I plan to keep it also. Higher inflation reading today might push central bank hand further. Its also quite profitable to hold shorts on this pair
oh and that
5. Got stopped on USDJPY shorts 111.00 should have kept this running. Oh well
That USDMXN is a game old bird isn’t it?
Gift that keeps on giving. Wow 19.55 already as we speak
The break of 60’s could be significant. 19.44/45 is the next significant level.
I feel we’re still in an environment where one headline could send this back above 20 in a blink.
Closed all of it 19.55
20.02 to 19.55 still good for one day trade.
That’s a fantastic trade Marek. Well played. I’ve spent all day trying to get 15 pips out of an AUDUSD short ?
Time for me switch off the screen and get ready for ENG-COL game 🙂
See you all tomorrow