The London Open - page 168
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Hi
Just got home and before i leave again i thought i would let u know that i have banked part at 100 pips in USDJPY.
I have a free trade now and will look to add again.
I HATE IKEA!!!!
See u later
D
Oh yeah CABLE was stopped out
No harm done as made pips on it.
D
Ok Ikea wasn't too bad...
The good news is USDJPY has paid for the IKEA experience.
Looking to bank on the way down and sell on the retracements. This could go another 400 pips as explained.
See u tom.
D
Hi
The monkey told me you guys had fun this afternoon...Lots of JPY buying against the weaker currencies. Good work team.
I hear the email alert for banking 50% in USDJPY at this triangle and fib level went down well.
The new format is coming together after trial and error in the first few months as a team. We can only get better from here.
Happy Dan
Good morning
Again a lot will depend on the stock market today. Wall Street, Dax, FTSE look overbought but still holding up well. This will keep our wonderful GBP and EUR small supported for now until they weaken. The question is will they drop today or at the end of the week. We believe the market is small short of the indices and therefore could see a squeeze before a sell off, so we need to be careful in shorting our currencies.
CABLE
• Hard to trade at this level for m
• It’s a bid market for now, gaps are too wide to downside so best to leave alone for no
• When Indices go yes I will look to short
• Yesterdays high is 1.5351 if this pops up to the 40 region then yes we could look for a small short with stop the other side of WR1 at 1.536
EURUSD looks toppy up here. Safest is to wait for 13690-13700 to go short. I see the stop at 16732
EURJPY short from 13238 stop 13270 -1st target eurjpy is 13165
USDCAD short 11580-11595 stop 11615-20 area Target 11555
Argh missed most of the morning as had to go to hospital with the misses.
CABLE has fallen as expected...That was an expensive visit to the hospital..Huff
EURJPY short from 132.34 to 131.65
EURUSD short from 136.90 to 136.80 (Anders is still short)
USDCAD short from 115.82, target not hit at 55 so stopped out at 115.90.
Annoyed i missed so much...
Baby is looming!!!
D
Still short USDJPY and looking to add at a higher level...
D
Watch Indices..Big avo ahead.
Good morning
Indices fell as expected yesterday with GBP and EUR crosses. Expecting a small pullback (potentially) first thing this am on the Indices before further falls.
CABLE
• Head and Shoulders pattern forming with neckline around 1.5100
• We have put an order in at 1.5090 looking for a break lowe
• We are boxed between the 4hr 20ma and 4hr 50ma and will need to wait for the break
• There is a chance that this could rally initially up to the 1hr 50ma before testing the neckline
• No long play (right shoulder) unless Indices show solid strength and we get a 123 with support off the 1.5200 level
• If we see a squeeze up to the 1.5200 region in CABLE we will look for the trend reversal with a stop above the left shoulder at 1.526
EURUSD
After yesterdays moves, we need some caution. The markets probably will be range bound here. Let see whats coming our way.EURUSD: Might be a short at 13600-10, with a stop above 13660. But the much safer play would be furter north at 13650 area and a 13710 pips stop. So I will be waiting for the market to unfold here. I don't trade full stakes here and the wider stop makes it dangerous... I ll be looking for other setups as well. CheersEURJPY same story, Levels will come. So lets be careful and patient and maybe we get greater setups thx
Do think as Dan also sais, we will see a short squeeze (meaning a little run north) so a retracement on the big mooves from y day. But I won't be on them
Hi
A range bound day to be honest...
We are looking at CABLE and EURUSD on 4hr charts...Head & Shoulders!!!
Lost on USDJPY from 95.75 and stopped out at 95.40 (Small scalp)
Made a few on CABLE from 1.5110 to 1.5125 & 1.5145 (Still holding part)
Shorted USDCAD from 1.1745 and banked part at 1.1712 (Still holding part)
Waiting for H & S for main trades..Still short UJ in longer term book and will use the 60min 50ma as a rolling stoploss.
Cheers
D