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Start of the new trading week – Light on data – Heavy with opportunity as always.
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Holding short EURAUD 1.5722 as per my live blog post on Friday. — Short EURNZD and USDJPY ( small size left over from last weeks posting)… Grabbed a long in USDCAD in Asia, just a scalp trade for now. Waiting for the reaction once liquidity returns in the coming session…… Happy Monday to everyone .
Good morning all. I mainly trade Cable and the major pairs keeping an eye on the news, data and sentiment and constantly struggling with my FOMO. On Friday and over the weekend I scanned the news channels looking for some hint that Theresa May had made a break through at her meeting with the French president Emmanuel Macron. However I failed to find anything of substance and as far as I am concerned “no news is bad news” for Cable. Further more, the UK Chancellor, Hammond, is warning the London based banks and financial institutions to look else where for growth. France is looking to be the major player in Europe on financial services. Meanwhile on an other front the UK Secretary of State, Fox is stating that there is more chance of a no-deal rather than a deal in relation to Brexit. The saga continues. These factors in line with the technical downward trend in the larger times scales make me a seller of cable. Looking for opportunities short and watching for any change in sentiment.
Yep. Seems as though more pressure is building to the downside near-term on cable William .
Agreed , same feeling, GBP heavy, looking to sell GBPJPY(144.70 ,145.00) or GBPCHF(1.2955, 1.2970) on a small rally
Morning William that’s a great roundup of the current view being expressed publicly by us and the french. Personally I wouldn’t trust Macron but then again that applies to nearly all politicians and let alone c bankers lol. What’s is really going on behind the scenes that there probably not going to tell us the truth about for another 50 years is quite another matter though.
We do know that the establishment,and big business,media etc is for staying in the EU that’s why May was made pm unopposed and the leavers mysteriously all dropped out even though any leaver would have become pm hands down 2 years ago. That’s why we are here.
Cable has a tendency to go against the expected. Logically there should only be overall downward momentum for betty at this time but as ever a bit of news or just the market can send it the other way when most expect its a one way bet. Betty be nimble and Betty be quick is the safest way, atvb Chris
Couldn’t agree more Chris. After sniffing about the news a bit more I suspect the comments by Hammond and Fox are co-ordinated through downing street. There is indeed Mexican standoff going on. Its a dangerous game with many twists and turns left before the final decision??? The worst that could happen is a no deal with labour in power. The best, dare I say it, another referendum. In the meantime I think cable will continue to fall.
https://www.tradingview.com/x/eCHB9LiK/ feeling long usd is the best idea…
Good morning traders
I hope you’ve all been smashing those pips while I’ve been away?
I haven’t got a clue to what’s going on. Apart from the main fundamental news, wonderfully reported by my colleagues, I haven’t been watching prices much as there’s no point in having a break from trading if you’re going to sit glued to a mobile screen all day.
That means it’s going to take me a couple of days to get back into the swing of it but it also means I can look at charts with fresh eyes and build up the pictures anew. I’m even going to clear a few charts of all the TA and start with a clean slate.
Good luck all.
welcome back ryan hope you had a wonderful vacation
Hi Harry.
I did, thank you. I see those EURUSD rally sells are still paying off. ?
thank god..no one dares to breach my ceiling lmao it retest it 5 times so enough
It’s become a huge level up there now.
have good start of the week all and a prosperous week
selling eu rallies if got to 1613-30 (though i doubt ) move below and a
close daily 1.1550 and 1.1230 is within reach …..dxy slowly moving
towards new highs
Good morning all,
Same left over weekend positions, short EURAUD, EURJPY and EURCAD all scaled a bit back to prevent any unexpected news to cost to much. Reloaded this morning original (summer so smaller) size after German weak construction pmi and factory orders.
We’ll need to cure last week’s data and CB hangover pretty quickly as RBA’s already upon us 20 hours …
Have a good week, safe travels and happy hunting