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  • #941
  • Jun 23, 2018 11:27pm Jun 23, 2018 11:27pm
Quoting Samson85
{quote} Very bis surprise and the same day the Phily fed data was very poor so cable benefited. I am still not sure whether cable will be bullish for long term but there are currently entries available. I will be trading pound vs weaker currencies, but with that said the DXY looks like it needs a break so one needs to be decisive.
Hi Samson85,

What is your opinion on GBP/CAD? Would you long this pair based on GBP's rising rate hike expectation and CAD's missing CPI + retail sales data last Friday?

Thank you!
  • #942
  • Jun 24, 2018 11:29pm Jun 24, 2018 11:29pm
Quoting neothegreat
{quote} Hi Samson85, What is your opinion on GBP/CAD? Would you long this pair based on GBP's rising rate hike expectation and CAD's missing CPI + retail sales data last Friday? Thank you!
Yes that would be a good trade as the numbers were pretty bad for GBP/CAD and rate hike looks less likely for cad. You will need to keep your eyes on oil as that is the risk to the trade as well as UK brexit talk
  • #943
  • Jun 24, 2018 11:32pm Jun 24, 2018 11:32pm
Trade I took on Friday was due AUD being fundamnetally weak due to trade wars etc and Pound being bullish due to BOE monetary policy on the hawkish side.

1st entry on GBP/Aud was not so good but j nailed the 2nd entry quite well.
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  • #944
  • Jun 25, 2018 2:23am Jun 25, 2018 2:23am
Quoting mtawunge
I disagree, someone is manipulating the system , a bad data is released but the currency strengthens. A worse then expected data. If you think i am lying look at nfp results (04 may 2018). I wonder how many pips you made on that day .
Man I am subscribing to you fundamentalists....for a quick buck...fundamentals + technicals can make you richer
"Our favorite holding period is forever." Warren Buffett
  • #945
  • Jun 25, 2018 2:31am Jun 25, 2018 2:31am
Quoting Samson85
{quote} Yes that would be a good trade as the numbers were pretty bad for GBP/CAD and rate hike looks less likely for cad. You will need to keep your eyes on oil as that is the risk to the trade as well as UK brexit talk
Thank you!
  • #946
  • Jun 25, 2018 7:20am Jun 25, 2018 7:20am
May as well that Yen has one more leg up before resuming it strengthening trend. Fundamentally speaking, BOJ already acknowledged the issues of long term stimulus and Japan's historic QE will come to an end sooner rather than later. The Great Unwind.
Trade what you see, not what you think!
  • #947
  • Jun 25, 2018 7:23am Jun 25, 2018 7:23am
Quoting Samson85
{quote} Yes that would be a good trade as the numbers were pretty bad for GBP/CAD and rate hike looks less likely for cad. You will need to keep your eyes on oil as that is the risk to the trade as well as UK brexit talk
The CAD is the weakest currency among the majors. Fundamentally not much going right for the looney. Last week economic data proved that. Rates expectations cools dramatically unless the BOC expects it to be temporarily weakness in the economy. NAFTA successful negotiations are already priced in the CAD, in all not much is going for the CAD these days.
Trade what you see, not what you think!
  • #948
  • Jun 25, 2018 8:33am Jun 25, 2018 8:33am
Quoting Samson85
Trade I took on Friday was due AUD being fundamnetally weak due to trade wars etc and Pound being bullish due to BOE monetary policy on the hawkish side. 1st entry on GBP/Aud was not so good but j nailed the 2nd entry quite well. {image} {image}

Trade update
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  • #949
  • Jun 25, 2018 9:01am Jun 25, 2018 9:01am
Quoting Samson85
{quote} Trade update {image}
Take profit hit
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  • #950
  • Jun 25, 2018 9:11am Jun 25, 2018 9:11am
Fundamental analysis is being considered as long term investment analysis approach while technical analysis is more concerned with the short term investment analysis approach. A trader focuses on the technical aspects while using technical analysis to take trading decision. But fundamental analysis is more concerned with the more detailed analysis where a trader determines the intrinsic value of a security by analyzing the effect of various fundamentals on the value of the security. I favor both as per the situation of the market.
  • #951
  • Jun 25, 2018 9:15am Jun 25, 2018 9:15am
Guys I just opened a futures account was going to go short on EUR/USD with the expiration AUg 3--- 2 days after the next FED decision... any thoughts?
  • #952
  • Jun 25, 2018 9:30am Jun 25, 2018 9:30am
Quoting OMGtrader
{quote} The CAD is the weakest currency among the majors. Fundamentally not much going right for the looney. Last week economic data proved that. Rates expectations cools dramatically unless the BOC expects it to be temporarily weakness in the economy. NAFTA successful negotiations are already priced in the CAD, in all not much is going for the CAD these days.


Aud is the weakest I think as during trade was it's most sensitive but in terms of data cad was awful and we won't see a hike next month
  • #953
  • Jun 25, 2018 10:35am Jun 25, 2018 10:35am
Quoting JTexclusive
Guys I just opened a futures account was going to go short on EUR/USD with the expiration AUg 3--- 2 days after the next FED decision... any thoughts?
what is your reasoning behind that potential trade?
Trade what you see, not what you think!
  • #954
  • Jun 25, 2018 10:37am Jun 25, 2018 10:37am
Quoting Samson85
{quote} Aud is the weakest I think as during trade was it's most sensitive but in terms of data cad was awful and we won't see a hike next month
yes, the AUD is proxy currency for China. At the moment, weakest but overall, CAD is the weakest fundamentally speaking.
Trade what you see, not what you think!
  • #955
  • Jun 25, 2018 10:41am Jun 25, 2018 10:41am
Quoting Samson85
{quote} Take profit hit {image}
what kind of spread and commission do you pay on GbpAud? Most brokers charge a fair amount of pips for that pair?
  • #956
  • Jun 25, 2018 8:21pm Jun 25, 2018 8:21pm
Quoting OMGtrader
{quote} what is your reasoning behind that potential trade?
I think USD is very strong and will remain strong think we will have more hawkish rhetoric at the FED meeting trump may be on full trade war but honestly he is a "deal maker" so I think it will come to an end sooner than later possible continued problems with Italy and then a few weeks ago we heard about some problems with Germany but they were quickly dismissed as a rumor and I think there's some truth to every rummer so potientialls something else will come out there if you look at EUR/USD on a grand scale from highest to current were in a downward trend and the 1.18 lines up with a fib retracement...... Really my only concern is the expiration of the contract
  • #957
  • Jun 26, 2018 2:50pm Jun 26, 2018 2:50pm
Quoting JTexclusive
{quote} I think USD is very strong and will remain strong think we will have more hawkish rhetoric at the FED meeting trump may be on full trade war but honestly he is a "deal maker" so I think it will come to an end sooner than later possible continued problems with Italy and then a few weeks ago we heard about some problems with Germany but they were quickly dismissed as a rumor and I think there's some truth to every rummer so potientialls something else will come out there if you look at EUR/USD on a grand scale from highest to current were...
sounds like a reasonable thought. Although Trump is an deal maker, we haven't seen any countries give into his demands on trade. It is speculation at this point that deals will come through. I see the USD & Euro as neutral pairs at the moment as sentiment is mixed. It looks like the ECB is cautious on rate hikes in the coming years but sounds more like sandbagging than anything else. Keeping the expectations low in case they need to raise rates faster than expected.
Trade what you see, not what you think!
  • #958
  • Jun 26, 2018 5:02pm Jun 26, 2018 5:02pm
Yeah that's why I ask for other trader opinions doesn't much matter what I think it's what the market thinks.... also the options strategy adds a little more risk than normal

Quoting OMGtrader
{quote} sounds like a reasonable thought. Although Trump is an deal maker, we haven't seen any countries give into his demands on trade. It is speculation at this point that deals will come through. I see the USD & Euro as neutral pairs at the moment as sentiment is mixed. It looks like the ECB is cautious on rate hikes in the coming years but sounds more like sandbagging than anything else. Keeping the expectations low in case they need to raise rates faster than expected.
  • #959
  • Jun 26, 2018 10:41pm Jun 26, 2018 10:41pm
Quoting ztop
{quote} what kind of spread and commission do you pay on GbpAud? Most brokers charge a fair amount of pips for that pair?
2.0 spread but changes depending on volatility
  • #960
  • Jun 26, 2018 10:46pm Jun 26, 2018 10:46pm
Quoting Samson85
{quote} 2.0 spread but changes depending on volatility
that's cheap! Most that I've seen are around 4 pips or above. May I ask who your broker is?
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