Here are today’s trading views and ideas for the day ahead 15 August 2018
Good morning and welcome to today’s trading post.
UK CPI data is the main data event in Europe before we switch to the US and a look at the consumer via retail sales and the first manufacturing numbers of the new month from the Empire report. That’s followed by industrial production, business inventories and the NAHB housing market index. I’m sure there will be plenty of news in between. You can find all the data due and what’s expected on our calendar here.
On the trade front, the balance of my AUDUSD short TP’d overnight at 0.7205, ahead of the next barrier at 0.7200. I was trying to play GBPUSD longs into 1.2700 yesterday but kept going unfilled at 05 when we first went down there. After 3 times of not being filled, I pulled the order because I have my rules for trading big figs and it wasn’t working. I’ll see what happens with the CPI report before looking at what opportunities might be available.
My USDMXN short is trucking along nicely so I’m happy with that and the other FFL traders are filling their boots too. All good in the trading hood.
As always, good luck today and I wish you mucho pips.
The Flow traders are available throughout the day to help out with your questions – Share trade set-ups and keep you updated on positions. — Participate in the comments and help make this new daily feature a one stop companion to your trading sessions.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022
shorted EG at 15, stop at 25
Good morning,
-Still a bit short USDMXN, trading it around between 18.800 and 19.00 for now.
-Out of JPY but looking to re-enter long JPY in some form soon when this short covering will feel running out of steam . 111.50 , 111.80 and 112.10/20 are levels in USDJPY that I want to monitor.
-Went long USDCHF and EURCHF as per SNB post Ryan put up yesterday. Took half of the USDCHF off this morning at 0.9965 for 40p . The rest will be be decided by EURUSD. If it continues to move south I’ll keep USDCHF, if 1.1355/65 breaks back topside, USDCHF will leave the ship.
EURCHF will take half arnd 1.1325 if seen. Hopefully can trade it around a bit between 1.1270 n 1.1350 for the rest.
-EURUSD expected range 1.1315/55 until US retail sales.
-GBP will be a mover once more on the data. Watching 0.8890/00 EURGBP for a clue. 1.2700-70 on cable
Safe travels and happy hunting
Morning to all, have sell limits in EUR and GBPUSD. Decided to do it on orders so i don’t one chicken out and find a reason to not trade at the level as happened in these pairs Monday and yesterday at the 1.2820 and 1.1420 and two so i am less tempted to jump the gun and trade in the middle of the range before my levels reducing the RR.
Given i feel we have fallen a fair amount and my timing of trades still needs practising I’ve diced up my risk in these orders and will add more above final stops in each EUR 1.1441 and GBP 1.2835 below that i intend to play my levels (at the levels and not repeating old mistakes).
After yesterday holding off on AUD or NZD to see how they move from here and only other slight ideas i have are short EURNZD at 1.7350 (technically based only) and GBPJPY short if 143.50 seen again more technical also.
Have a good day everyone 🙂
long USDJPY with a tp set at 111.60 on technical. Trying very hard to keep fingers away from keyboard and let my profit run
anyone have an opinion on USDCAD today please?
Hi Jon
You’ve got to roll with the punches on this one. We’re in a short-term down trend, which itself is in the middle of a bigger uptrend. Respect the edges.
For the intraday view, 1.3000-1.3200 is the ball park. https://uploads.disquscdn.com/images/68f3bebf11110078c952270a1e4210e00bf7385ab9c303d3015d27a39fda5484.jpg
Waiting to see how UK CPI data will move the GBP and how much JPY longs still need to unwind. shorting AUDJPY is preferred if and when it retraces to 81.