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 feature a one stop companion to your trading sessions.
The US markets will be closed today. Liquidity will be lacking during the NA session hours .
Not much on the data docket in the coming session . The market doesn’t seem to be waiting for its cues so far today, as we see a little risk creeping in .
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
Good morning,
-Short USDJPY, jobbing 112.60-113.20 around a core short, tightened the leash on the core to 113.28.
-Shorts AUDUSD (0.7306) banked in slices down to 0.7219 this morning. 0.7200 should see bids but I may have been impatient on that one looking at how the market feels about the US-China relations after the Huawei CFO arrest.
-Short EURSEK (10.3150), looking less brilliant that yesterday as negative risk is also affecting but patience having we shall I’d say.
-Tried a short USDCAD 1.3385 last night but got wacked out on the 1.34 break.
Whatever positive developments there may, it seems the counterattack is immediate in this world. The mood in the market is overly negative. That makes tomorrow US labour report a monster imho. And not only on the wages’ side this time. I reckon a slowdown in hirings/ an uptick in the unemployment rate could have a devastating Friday effect looking at where we are on equity markets, US interest rates/yield curve. It’ll take a good set of data to turn this around.
Oil getting drilled even before OPEC makes a decision, UAE adding some today saying they expect demand to come off in 2019. There too it’ll take a solid agreement to turn the tanker around.
But never say never in this market! I’m ready for any outcome, I’ll be running light into the data, starting today with a bigger batch as yesterday’s data have been postponed till today.
Keep those levels tidy
Safe travels and happy hunting
Very belated GM or early GA.
I’m passing on Dub’s apologies for not being able to comment on disqus right now as the great wall is up to its old tricks with his access to the rest of the world.
Update;
Balance of USDCAD short hit my stop just above 1.3400 earlier. Fortunately, I’d taken money on the dips so just gave some of that back on the balance. I was in two minds to move my o/n stop to 1.3390 as opposed to above 1.1400 and the decision not to was the wrong one. But, then, I didn’t expect the price to try again so quickly so I feared being hit at 90 overnight and then waking up to see it somewhere below 1.3350. That’s trading for you but it affirms my current trading strategy of trying to get stops down to BE or better as quickly as possible because markets are changing tack very quickly still.
As K says, the jobs data tomorrow is going to be big but all the jobs and other data today and tomorrow will be big because the market has its microscope out on it.
Let’s see what the ADP brings us shortly.
Stay safe all.