Go with the Flow – Friday 5 October 2018

by | October 5th, 2018, 07:23:10 | 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.

 

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Horatio Dubsly
Latest posts by Horatio Dubsly (see all)

3 Comments

  1. K-man
    K-man on October 5, 2018 at 8:29 am

    Good NFP morning all,

    -Had some fun on the gotobi fixing last night in Tokyo, making back some of the lost ground on my USDJPY longs, where I’m relatively flat for now, only a tiny bit left at a decent average.
    -I ‘m long AUDNZD from yesterday at 1.0910. Data divergence starting to show and AUDUSD should start to see barrier related bids at some stage. I’m not bullish AUD as such but rather more bearish on the kiwi…
    -Went in/out shorts EURGBP as 0.8850 gave way, still a few left over to see if we’re able to pay a visit to the 0.8790/00 support , back through 0.8850 I’ll be gone or earlier if any negative Brexit news would roll in. I don’t expect much more than the usual pingpong really. Plans are being made for the latter part of October.
    -Still long some CADCHF although the CAD leg is not very cooperative for now. Will see on the CAD employment data how that pans out.

    For the rest will be trading ranges with a buy the dip USD bias although will mostly be flat to leave room to roam.
    I reckon the report won’t show to much weakness in wages to curb the latest USD yield rally and steeper curve but who knows, an unpleasant surprise is never that far away in today’s markets. Watch those participation rates as well for any hints about discouraged workers coming back or not.

    Safe travels and happy hunting.

  2. Ryan Littlestone
    Ryan Littlestone on October 5, 2018 at 9:42 am

    Good Friday everyone

    Not much to report on the trading front. A small short play against the 1.1500 level yesterday ended in minor defeat as I took half off for +12, then the bal was stopped for -18.

    I had some good fortune with a cable long taken in the trading room on the Brexit headline that saw it pop briefly. I caught the headline and tried to buy it in the 1.2980’s but got a crap fill of 93. I managed to nurse it through the day finally taking some off at 1.3008 and the bal at 25. It brought home how difficult it is to grab a trade on a headline, not only due to fills but how risky it is to rely on the headline to push the price your way enough.

    For today, I’m going to be watching USDJPY closely. I still fancy the 113.50 level but I’ll watch the PA. The sellers are keeping a lid on it around 114.00 and that might mean we see a push lower before (if) it bounces again.

    The NFP might not give us anything new so it will be a case of seeing if it confirms what we know about the Fed or whether it puts that expectation at risk.

    Have a great day.

  3. H Dubsly
    H Dubsly on October 5, 2018 at 10:00 am

    Ahoy hoy

    I added another short to my Dow Jones US30 position yesterday at 26704 and closed it for +180. I also trimmed half from my position higher up for +350. This leaves me a half position from 26920 that I hope to add to once more on any weakness.
    The only other trade on the books is a short EURJPY from 131.30.

    The scalping has been good this week due to some decent volatility. I plan on keeping things tight until after NFP’s and try to catch a few later, I’m in weekend wind down mode and feeling chilled already.

    Have a super day and great weekend if you’re planning an early escape ?

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