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A rather lackluster Asian session. Not much on the news horizon for this session, although many charts including Indices are at interesting levels.
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 all ,
-Short 1/4 EURUSD writing this, trading the additionals around inside 1.1450-10. Again it’s not that I like USD so much but Italy, spreads, yields, QE mechanisms are still playing against EUR. Looking for a (final?) push down to 1.13s again.
-Long AUDNZD from last week arnd 1.0910, raising stop to 1.0960(fragile trendline and daily cloud break 1.0965/70) to guarantee abt 50p profit. 1.1000/05 will decide whether I take half off or not. A swift move through should grant at least 1.1050/60.
Overall yields keep me in a USD buy the dips scenario although the picture is not that obvious depending on risk plays, tweets and each currency is wrestling with its own demons. I’m rather moving faster than holding medium term positions in size.
Stay safe and happy hunting.
GM folks
Not a lot to report today. Much like K’s just said, jobbing mode is the safe route at the moment. Pick the intraday levels and get in and out as quick as you can while monitoring the wider edges for signs of a break. Nothing in FX looks in a great rush to go anywhere so neither should we when looking for a trade.
Have fun.
‘Short’ USDCAD
Stop Loss: 1.3010 (2-pips above yesterday’s high)
Target: ambicious 1.27s
Not sure about this one! CA$ should be rewarded as soon as BoC hikes this month. (what do you think) and I do expect some ‘greenback’ weakness, just for fun.
https://uploads.disquscdn.com/images/f0479d8e7f41380777ef0ce44a4a532a9b20064e96c5451926557183ce0402d2.png
Hola Jose
Great to see you my friend ?
Hola Horatio,
How have you been? Dubrovnik is going through some serious climate change!
Dont worry about the climate change. Buy a coat to wear over the mankini in the winter months 🙂
Everything fine here Jose, including the vino.
I’m twitching for a USDCAD short into the BOC but there’s sooooo long to go (in market terms) and I’m being fussy with my entry levels. The high 1.30’s would be the first area I’d consider but I’d have to judge many factors, like the timescale, reasons etc.
Also, as a hike is pretty much priced in, there’s probably going to be little move if it’s confirmed. What I want to ride is the usual FX bullishness into a CB meeting we usually see. Good luck with your trade here though.
yes, at times I think is priced in, then no, then back. BoC yes/no like La Liga and M5S 🙂 but as usual, US Dollar madness can keep going and we move up all the way back to 1.33
Exactly how I feel with it.
Ahoy hoy
Feeling like this is the lull before the storm. I want to wait until committing to some of these levels, but thinking things could get interesting soon.
New shorts taken in EURJPY ( addition to existing short trade ) USDJPY+ EURAUD today . I’m jobbing the Dow to the shortside, leaving a core and taking profits on the daily dips. Selling the futures in Asia / Europe and collecting in the US session has proved fruitful the last 3 days.
Have a super day