Here are today’s Trading views and Ideas for the day ahead
Let us know what you are looking at – Charts – Trade chatter – Trade positions.
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.
The weekend starts here – Last day of the trading week and final day of the month. I hope you have had a successful run in August. I’ve known easier months, yet have come to expect and accept the annual summer malaise — Option expiries and the obligatory month end fixings to look forward to before the week / month is truly laid to rest . Have a great weekend everyone. ?
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
Latest posts by Horatio Dubsly (see all)
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019
morning all after and have a nice weekend
after trump talk last night selling ej rallies and dax futures could be a good strategy … still having half of my positions since 131 …
still eu rally seller no surprises and it is the 7th time that is rejected 1.1730-50 and you all know i have been religious about this area all summer i wonder when eu bulls will surrender be careful of the options
prefer to rally sell gold above 1200 still i might change if 1225 broken
Big options on both E/U and U/J today. Play the ranges.
https://uploads.disquscdn.com/images/f7432b824198fcc30b5014347f6a830d1ab25290c777b2d0d7356523bb02fd86.png
https://uploads.disquscdn.com/images/56c9003df7193262ec36e38efd48bc97e03b18c17f9857c28234c0b82b0a8b6d.png
Wisely said Suel.
Good morning,
Half short AUDUSD, half short USDJPY, half short EURNOK and tiny left over NOKSEK are where my positions stand for now. Halfs are compared to full positions, not the composition of my book, I’m not that drunk yet, to early….
-AUDUSD short from 0.7285 in episodes, bought half bck this mrng at 45 ahead of the 0.7235/40 support. Will reload against the first resistance 67/70 or let the rest run. Having a tight stop above that level to guarantee profit in today’s uncertain month end flow market. There must be some real selling interest here as AUD stays offered despite USDCNH coming back from the highs.
-Half short USDJPY, sold early this morning 110.99, took half back at 71 in the first round of USD sales. Looking to reload close to 111.00. Expecting month end to continue to lean on it and overnight’s headline CPI creeping back over 1% should cap the rallies.
-Scandies: Let most of the NOKSEK go for now as 109.80/90 capped 4 times. That’s about 1% profit on most. Short EURNOK as long as 9.78 caps.
End of the month, massive option interest, some Buba left overs(?) and trade trade trade. A cocktail for a perfect storm today. It’s started already with JPY and CHF teaching a lesson to their peers. CHF has been a real driving force this week and I’m expecting today not to be any different. It could be the last push into month end. We’ll need to monitor closely what will happen after 16.00 London time fixings.
Expecting some rebalancing USD sales into tonight’s fixings, after that ???
Stay safe out there, happy hunting for the brave.
I really doubt if there is any risk reward in selling the aussie here. the yen move confirms the fact that dollar is weak after chf is getting heavily bought as well. just have to see gold rally and it will be pretty much confirmed. also some of the antepodeans are far too sold off. aussie has done 600 pip move in a year which is nothing
I actually covered it now ahead of month end Nach. Made a good 40p out of it. Happy man.
Wasn’t looking for a multi big figure move on that one, just actively trading what’s in front of our eyes.
It’s not because a currency comes off 600 p in a year, that there can’t be another leg in it for a humble retail trader right.
We have seen wilder moves, ask TRY, ZAR,MEX and even EURUSD, which has done 12 figs from the highs in 6 months time.
It’s all about the money and the well defined levels we trade in the end.
Morning folks
I’ve got a pretty clean slate today. I jobbed USDCAD off of 1.30 yesterday chopping bits out in the 1.2970’s and then got stopped on a small balance at 1.3015 overnight.
The only cooking is the longer running USDMXN and USDCNH shorts.
I’m not sure why there seems to be a big focus on EOM this month but it could be a busy day today. That said, because we’ve been seeing a lot of flows out of EM’s and in and out of elsewhere (and different assets), it’s likely that the EOM rebalancing could start to increase for the foreseeable future. That’s the consensus her at FFL for what it’s worth.
USDCAD could be whippy as the deadline is approaching for Canada to get some sort of deal. The way Freeland has been talking, there’s either nothing coming or she’s managed to keep any news to herself. It’s notable that it’s been her doing all the talking to the press and very little has come out from the US side. I’d be very careful trading that pair today as the headlines could make it very whippy.
Other than that, I’ll be watching the well defined ranges such as 1.1730/40-1.1600/1.1590 in EURUSD and seeing how 1.3040/50 – 1.2980 in cable plays out.
Good luck all, have a great day.
Very belated very good morning all.
True to my end of week analysis last week I stayed sidelined except for E/G.
Called that top correctly but was late catching the Barnier headline, got filled at 9057 staying short till last night switching sides at 8965. Dumped half of that at 8978 with sl now at be. Will look for scalping opportunities into the weekend.