Here are today’s Trading views and Ideas for the day ahead.
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If we stand on tiptoe we can see the weekend from here. It’s been quite a week. More thrills and spills to come before the lights dim on another trading week.
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
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Good morning,
A bit long EURUSD and AUDUSD , tried cable but that wasn’t such a good idea now Brexit is a political mess again. Still tad short EURNOK but small.
Took profit on longs USDJPY( neg USD bias today) but looking to reload some for of shorts JPY at some points into the US-Japan trade talks starting 23rd with the Abe-Trump dinner, 24th Motegi-Lighthizer and 26th Abe-Trump official meeting. Abe’s re-election should mean more spending and reforms and I reckon Japan will get away with it on the trade side with fresh investments and being the largest foreign investor in the US now.
Waiting for Nafta news but CAD behaves well, ready to buy some on any positives.
Triple, quadruple witching should make for a wobble session. Be careful out there, I have a neg USD vibe, let’s see.
Safe travels and happy hunting
Morning and welcome to Karaoke Friday
An eventful and rather fulfilling day yesterday. For weeks we’ve been watching prices bounce between the short-term ranges and planning for the breaks paid off. I played both ways in cable, slicing some of my long into 1.33, and going a separate short up there too. I bailed the final bit of short at 60 a bit prematurely but profit if profit and I’m not going to moan. I maintain some of the long and I’ll look to reload on the dips. 1.32 is looking tasty for that. Faced with the negative slant on Brexit now, I might treat it as a separate trade and have a stop on it just under 1.3180, as that’s where the main resistance from earlier this week was.
In EURUSD I managed to catch two breaks of key areas at with buy stops at 1.1725 & 55 (the 25 long trade came as a reversal to a short from 19). I cut into yesterday’s highs and then scratched the bal of the 55 long when it dipped. I’m still holding some of the long from 25 and I’ll see how that performs around 1.18.
I did manage to put a small dent in my profits with a USDJPY short at 112.44 over the fix, playing on the 50 level. I was probably getting over confident after the day’s trading so it serves as a reminder not to get carried away and think every trade is going to be a winner.
USDCNH seems to be shrugging off trade war issues but is still pretty much steady and my short remains.
I wish you good luck today
https://youtu.be/_lK4cX5xGiQ
Ahoy hoy and a happy weekend eve.
Another fine day yesterday. – Holding short EURNZD from earlier in the week and still waiting for a chance to add.
A few trades opened today – Short cable and GBPJPY. Maybe not keepers, but nicely in the money at this time.
Time for me to kick back and listen to some of the great tunes the guys are posting in the karaoke room.
Have a great day and a super weekend.