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Hi all ,
-EURJPY trailing stop been done through 128 overnight, some decent pips banked in the process. Watching either side of 127.50/60-128.50/60 for risk clues with an intermediate jobbing level at 128.00/05.
-EURSEK short.
-USDCNH small short, overnight lines on trade, possible interventions along the 6.97 line are protecting the “7” for now.
-Entering range mode with a short EUR bias. Been range trading it yesterday between 1.1220 support sloping line and 1.1280. Sold some smalls this mrng again above 1.1250, short term I’ll observe 1.1280 which capped really well yesterday when GBP rebounded. Stop will be just above. The US auto tariffs draft news sent shivers through the EURO yesterday. There shouldn’t be any tariffs slapped onto EU( read German) auto makers while trade negotiations are ongoing, but we never know. Any hint at that possibly happening would sent EUR a fair bit lower I reckon.
-GBP trades in “hope” territory, we should hear from the Eurogroup today on a Brexit deal and/or planning a November meeting.
-CAD ‘s back to being a pure oil currency past 2/3 sessions. That may hint at an elsewhere relatively balanced investor book re trade. It could be adding some volatility, if that were already needed. 1.3170/80-1.3280 are the levels on my watchlist for possible faders.
Fasten seatbelts , stay safe and happy hunting.
Doublin’ down on usdchf trade positions..(SL-1.02) This piglet will not fly further!
Enter usdjpy shorts as well; watchin’ wti& loonie, ready to jump on long bandwagon mid-wk.
I never like it when I hear the phrase “doubling down”. That suggests the person is wrong but not willing to admit it.
Right, not gonna lie that my current existin’ positions accumulated between 1.008-1.008&1.01/2 are under water atm:) Exposure to CHF is more than anticipated;-] BUt.. Time will tell whether i’m right or not:-] Hence the stoploss..
I hope it turns your way Jimbo and I’m glad you’ve got the stop in. It’s tough when the market goes against you when you have high conviction for a trade. Just a thought though, is your stop bang on the big figure or just above it?
Ahoy hoy.
The mighty Asia session proved fruitful today with a long GBPJPY ( now closed ) that ran up +30 on my first half and +100 on the second half long position.
Holding short the Down Jones US30 after adding again in the trading room.. Closed part of the trade at support 25350 as highlighted on the live blog. – This leaves me with part short positions layered from 26160
Caught a long Aussie trade in Asia – Banked half as we seem to be struggling at the time of writing .
Entered short NZDCAD 0.8922 – a purely technical trade as we rejected the daily highs – Tight s/l on this one just above the Asia high.
Have another super day ?
Morning all
Not a great start for me with internet issues. Also not a great start for others in hearing OANDA is down. I hope none of you have been materially affected.
Updates:
USDCNH shorts ongoing in the slow roaster. 6.97 order to reload shorts missed by a few pips overnight but the situation hasn’t changed so we’ll probably have another look.
GBPUSD longs added to small at 1.2855 late last night. More on that in a post later but here’s the opener https://www.forexflow.live/2018/11/12/video/heres-why-im-starting-to-buy-gbp-over-brexit/
USDJPY shorts from 113.95 still running, though I sliced some at 65 overnight. The 113.60 level is the key support. Was looking to reload the cut portion back into 114.20 but we’ve pulled up short.
Not really got an interest in EURUSD here but I might play a small scalp off the 1.12 level, depending on the PA and reasons for a move there.
Have a great day.