Fundamental Trading Journal

Still have some other stuff + 75 pips no loss not too shabby for the day

Have seen someone say why is Gold dropping - this is retail all over.
Have gone long GPYJPY- cheap, equities are going to rally, yen oversold- currently 8 pips up.

https://www.tradingview.com/x/RVfq0cCf/

Credit markets going mad atm

That trade on the pound ....got out of it
this pullback on Eq- lets see

https://www.tradingview.com/x/MGOllEcm/

Perhaps it could have been too much of a spike on yields

Sometimes I give up - people are buying the pound at moment
Despite heavy selling and the BOE saying that GDP will contract massively
Also the smack equities took have helped- but I could see the credit markets were not too happy
Maybe the fact that neg rates are off the table helps
These days - the pound almost goes in the opposite direction to the Euro

https://www.tradingview.com/x/FVvMUcmL/

Got to admit - long gold today in light of the neg Fed funds rate was the trade of the day

Right going to do some scalping - here goes:

Bit of a sell going on on GU

Need to check long term value - structurally looks up though

Here goes

https://www.tradingview.com/x/Khl39UcB/

https://www.tradingview.com/x/CEZQRSL7/

Easy money....

Everyone trying to get out

https://www.tradingview.com/x/MrjM1OPT/

https://www.tradingview.com/x/EZsVXIvD/

https://www.tradingview.com/x/4SiBqF9t/

Result:

https://www.tradingview.com/x/6C4re3Rz/

Smashed it - got the move over night, the move this morning and the sell off.
Then squeezed the shorts just now for 20 pips.
270 pips since yesterday

Current view atm

Pound
Goldmans seemed quite + in respect of Brexit- they get followed
Rest of the banks - bearish - re - Brexit
Death rate down
UK preparing for hard Brexit-
Haldine talking about neg rates- Bailey earlier in the week said they were not been considered.

Dollar
Powell seemed bullish
Neg rates off the table

Options
380 puts at 1.2200, 1.200 will get defended
25 deltas bearish on Friday
Big otm calls in open interest

Profile
L shape - Bearish

AM: At the moment I am not sure

1.2200 was gamed (nice target)-got 80 pips then defended

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So atm update:

US 30

380 pips up on US30

Bonds have formed a nice base on a lower time-frame- so lets see what the TUT does

Cable

Had noticed that open interest shrank at 1.2300

**Of all of the trades - short equities is the name of the game at the moment.

I see the CBOE has decommissioned the currencies vix - for the pound and changed the Euro one to EVZ
Used to be quite handy

Equities

Equities recovered. - but then retraced.
Risk is starting to brew in the background

Pound

Got some pips- so easy
Only thing is that it did not breaks the low on the move down.
Vol smile flattening
If we get a move back to the POC - into London - they should go for it

https://www.tradingview.com/x/e8vK44FD/

Would be nice if this dove-tails with equities.
Some traders concerned about 18 June meeting - and large QE expansion