Go with the Flow – Thursday 6 September 2018

by | September 6th, 2018, 06:40:24 | Technical Analysis | 3 comments

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.

Woohoo! it’s Thursday. Getting some practice in for tomorrow — Nothing of note on the data calendar for the European session, yet that hasn’t  stopped the news bomb blasted tensions and tantrums this week.

Horatio Dubsly
Latest posts by Horatio Dubsly (see all)

3 Comments

  1. K-man
    K-man on September 6, 2018 at 7:56 am

    Good morning,

    -Small short EURNOK as long as below 9.80.
    -Small short USDCAD, Nafta deal there should be in the end. Possible stop run through 1.3210 but will add a bit if seen. Provisional stop through 1.3230 .
    -Small long USDJPY and CADJPY. JPY is kept in a range for now. Possibly some repatriation flows on the latest natural disasters in Japan( Ganbatte kudasai, feeling with you) but overall thinking positive Korean and Abe re-election with his program should weigh on JPY soon. Wrong through 110.70. Would consider taking some off 112.20 on a first round up there. May move into crosses if USD shows weakness overall.

    Keeping an eye on trade for the USD. Expecting a decision on the next tUS-China tariffs tranche today. Quite a few international meetings taking place in the meantime, not in the least Brexit, next week EEF in Vladivostok and others, which could isolate the US more and push Trump into a corner, weighing on USD. To be scrutinised.

    Stay safe and happy hunting.

  2. Ryan Littlestone
    Ryan Littlestone on September 6, 2018 at 8:28 am

    GM all

    Only holding two positions right now. EURCHF long from 1.1260, which I keep letting bits off in the rallies, and USDCNH short, which still has the feeling of being smoothed in light of another round of tariffs.

    I chucked the rest of my USDMXN short after days of watching my profits on the last bit shrivel up as the price moved higher. There may be another good short to have there but I’ll want to see it closer to the 20’s.

    At the moment all the market is doing is waiting for the next headline and that can make trading tough. It’s hard to take a direction knowing that one comment or story could blow you up. Equally, you might be on the right side of such a move and if so, that’s pure luck, not a trading strategy. the best advice would be to trade the intraday ranges but keep trades smaller and tighter, just so if you get caught the wrong side of a headline, it’s not too damaging.

    Best of luck and don’t forget to enter our NFP compo https://www.forexflow.live/2018/09/05/news/a-special-prize-awaits-in-the-forexflow-nfp-competition/

  3. Jack B
    Jack B on September 6, 2018 at 8:56 am

    Got a bit ahead of myself yesterday with the headlines all over the place nothing open as of now.

    I really don’t have a firm bias on anything as of today it’s all a bit foggy no clear drivers. CAD against AUD and NZD though i have my eye on. Risks here being US/China trade and NAFTA but as of right now I’d sell those two.
    Level in AUDCAD is 0.9500 and NZDCAD 0.8750. Overall still feel cable should be a sell until some uncertainty clears levels I’d look to sell 1.2980,1.3040 and 1.3100.

    Other than that I’m monitoring more today and not trading between zones on feels or headlines to reduce the amount of chasing about I tend to do.

    Anyways…have a good day everyone 🙂

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