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 daily feature a one stop companion to your trading sessions.
A continuation of the previous US session moves in Asia today, as the crown slips a little from king USD.
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
Top o’ the morning to you
I had a very frustrating day yesterday. I saw a few levels to trade but just lacked the conviction to trade them, others didn’t quite come close enough to my entry points. Most went the way I expected. That had me starting to get impatient and wanting to chase a trade, which is a dangerous habit to get into. I must have made 30 trips to the fridge to avoid trading. My account may not have been growing but my waistline was 😉
But, it all came good late on with the DJ Brexit news, which came out on Livesquawk lightyears before the main wires got it, and that allowed me to jump in cable at 1.3107, and I’m still long a portion of that. Very rarely do we get an opportunity like that.
The only other trade I took was fading the Trump comments on China through EURJPY. I got in at 129.71 and halved in the 90’s and left an o/n TP at 130.50. Yesterday’s 130.20 highs held though so I’m waiting to see what that brings today. My stop is now tight to 129.60.
Today, I’ll be looking to do the same and scalp the intraday levels and edges.
I hope you have a good day.
Morning Ryan , “30 trips to the fridge ” is one of the classic’s we find in this psychological maze we signed ourselves up to. This is not trading advice per se but if you have the room in front of your screens for a exerciser of some kind for those times not only will you feel better in your mind, your body will benefit be fitter too win win 🙂 atvb Chris
Ryan’s new ‘trading screen’ fridge arrives tomorrow. Designed to cut out those long walks to the kitchen.
https://uploads.disquscdn.com/images/a65c5344c183f2101a38e7bec18ae530dd127a491aec8f57db637d4be5f0cf24.png
Evening Dubsy 🙂 great idea I like it. Trouble is I’d want one and then a w/c connected plus a bar 🙂 but I don’t think I’d last too long in either sense lol, atvb Chris
Good morning fellow traders.
-Still a it long AUDNZD, just survived the overnight low with my trailing stop. Need to monitor it around 1.10 or leave the ship at 1.0955 (45 pips profit) if NZ’s extra stimulus plans would underpin the kiwi.
-Short EURAUD 1.6192 new entry as entered in the room last night. Positive AUD, EUR still has its own problems and is kept in the range. Been in/out that position for a while as I’m finding it tough to keep longer term stuff in the books for now. China’s making trade deals outside the US should keep AUD from falling out of bed as well.
-Transformed short EURUSD left over into short EURGBP early this morning on continuously better Brexit hints. Still a scalp for now. Looking for a 0.8695/00 test, stop through the overnight high.
I reckon we may find GBP dip buyers even if UK data would (only mildly of course) undershoot. Looking to enter long cable close to 1.3100.
EUR is kept inside the range after yesterday’s failure to break 1.1430. Today range traders successfully sold the 1.1515. As long as we’re having Italian and other uncertainties and USD rates making it tough to play long EURUSD for more than a fe sessions, I expect same to continue.
On the USDJPY side 112.70/80 -113.20/30 should decide which direction to take. Can’t get myself into selling that thing unless US data would start to turn around.
Stay safe and happy hunting.
And I forgot to mention back short EURNOK 9.4850 after Norway’s CPI beat and past session’s cap in the low 9.50s
bought back the EURAUD not far from b/e this morning. Feels a flipping coin kinda thing around here.
And sold the AUDNZD out finally at 1.0980( +70p). Not sure about that Chinese situation on data and trade. USDCNH remains bid for now. I know kiwi should move in tandem but the ‘flip the coin’ feeling got hold of me. Will decide around 1.0945/80 or 1.1000/10 if or not I’ll dive back into it.
Ahoy hoy
,A good days trading yesterday. Shorts in USDCAD (live trade posted blog) EURAUD, Dow — Long trades in GBPUSD, NZDUSD, I’ve taken part profits in some and intend adding back soon in NZDUSD and USDCAD.
Plenty of rinse repeat trades/scalps taken. USDJPY is on the radar for a sell again if it cant hold above the 113.17 area.
Have a super day.?
Looks like have same views as you guys. Some usual scalping yesterday. I maintain a negative view in AUD, EUR, SEK and positive on NOK. And are reflected in my current positions.
Long NOKJPY, EURSEK, USDSGD, NOKSEK
Short EURUSD
Given we are on the brink of positive news on BREXIT
Short EURGBP Long GBPAUD
As far as indexes had a nice ride on SMI. Can’t figure out the DAX at the moment. Did some scalping on DJIA but also not sure about short term direction Friday results could be interesting.
Have a good day and keep the good work.