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The lack of economic data in the coming session is already being compensated by some twitchy headline led moves .
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,
-Cut USDCNH short and EURNOK short. In/out of EURSEK short, jury out on that one.
-Short EURCAD remain in place. 1.4970/80-1.5050/60 trading the range with it for now.
-Sold EURUSD, bought USDJPY and sold some kiwi this morning. A mix of risk and range mode with a buy USD dips bias for now.
Not going to hold anything for too long into tomorrow’s Powell, end of the week G20 etc but just going with the flow. European data continue to turn south, Japan wants to please US by buying more planes and USDJPY remains bid on dips. NZD data turning negative, tonight’s Orr may spread his dove wings again. Everything is on a relatively tight leash.
Any other trades will be data/event driven.
GBP entering a wide longer term support zone between 1.2550 and 1.27. I would tend to think it holds between now and the Dec 11 vote unless May loses all her supporters. I may try a long GBP at some point for short term inside that range or vs an other ccy if USD is to strong.
Safe travels and happy hunting
Morning all
A volatile morning to start the day with.
Brexit news is lighting fires again and I’m not inclined to get involved to any great degree. I’ll look at 1.2700 for a scalp long but it won;t be anything big if I do.
I’m sticking to the wider edges in most pairs for now as I want to lean against the more stronger looking levels. That’s into 114.00 in USDJPY. Low 1.12’s in EURUSD. 0.72/0.73 AUD.
The road is leading to the G20 risk event and it seems leaders are going to be using it for everything else other than its purpose. EU’s Moscovici wants to have Italian budget talks, US and China want to have trade talks, Saudi’s want to have oil talks. With all that going on, I’m not inclined to get in too heavy on anything ahead of it.
Have a good day all.
Ahoy hoy
Holding a short GBPAUD position from a few hours ago – 1.7668 … I would suggest watching around the 43 area for any new short sells – Above there and we nudge back into the shorter term range. There is a bearish structure, but playing this one with care. Her Maj’s Pound is being whipped around like a high court judge in Madam tickle’s correction dungeon, ( and much less fun to watch 🙂
Still have a small interest in short EURUSD from 1.1358. Short Kiwi also, and a seller of rallies. Other NZD crosses on the radar + a beady eye on USDJPY from 113.70 upwards as a future sell opportunity .
Have a super day ?
Sell usdcad between 1.326-1.33 SL1.337-8 Target 1.3 &1.27 (Timeframe: Year-end trade; reason: no new fresh sellers atm,that’s why pa stalled here..Impetus-Fed head powell speech)
Gamma debacle have left many dealers forced to sell as they dumped because they sold puts and bought calls from producers. Can’t go on much longer. Huge short squeeze will happen (Well, u know what i’m talkin’ abt here, right!?;-])