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  • #961
  • Jun 27, 2018 2:38am Jun 27, 2018 2:38am
This morning I went short on the Dow Jones due to risk and the trade paid of
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  • #962
  • Jun 27, 2018 11:49am Jun 27, 2018 11:49am
Second position of the day is gbp/aud. Good levels to buy from as the pound is in trouble but it is stronger the the aud.
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  • #963
  • Jun 27, 2018 2:10pm Jun 27, 2018 2:10pm
Traded the dovish BOC speech live. Very volatile but you need to understand the language or you will get burnt.
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  • #964
  • Jun 27, 2018 2:14pm Jun 27, 2018 2:14pm
Quoting Samson85
This morning I went short on the Dow Jones due to risk and the trade paid of {image} {image}
Tp hit within 10 min
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  • #965
  • Jun 27, 2018 2:17pm Jun 27, 2018 2:17pm
Quoting Samson85
{quote} Tp hit within 10 min {image}
yep! Nothing really going for the CAD at the moment. Looks like the BOC also shifting tone on rate hikes.
Trade what you see, not what you think!
  • #966
  • Jun 27, 2018 2:35pm Jun 27, 2018 2:35pm
Quoting OMGtrader
{quote} yep! Nothing really going for the CAD at the moment. Looks like the BOC also shifting tone on rate hikes.
I don't think they will hike as nafta and trade war too detrimental long term.
  • #967
  • Jun 28, 2018 12:03am Jun 28, 2018 12:03am
question guys? tomorrow is US gpd day. Estimated gdp 2.2%
Atlanta Fed estimates this quarter gdp around 4.7%

Are we looking for a big spike in the USD's favor if gpd come in above its estimate of 2.2%

I believe Trump administration would be happy with 3%? How well will that move the markets?
  • #968
  • Jun 28, 2018 7:41am Jun 28, 2018 7:41am
Quoting ztop
question guys? tomorrow is US gpd day. Estimated gdp 2.2% Atlanta Fed estimates this quarter gdp around 4.7% Are we looking for a big spike in the USD's favor if gpd come in above its estimate of 2.2% I believe Trump administration would be happy with 3%? How well will that move the markets?
Guess I was reading the 2nd quarter estimates vs the first. Don't mind being corrected.
  • #969
  • Jun 28, 2018 11:54am Jun 28, 2018 11:54am
Quoting Samson85
{quote} I don't think they will hike as nafta and trade war too detrimental long term.
I think so too, and I thought Poloz's comments about not giving direct guidance was an indirect way of saying exactly that. However in some news postings I've read they described Poloz's speech as 'hawkish'. I already closed my EURCAD short so I hope they're wrong.
  • #970
  • Jul 7, 2018 3:01am Jul 7, 2018 3:01am
Sorry that I've been quiet the last 2 weeks as I had a few business ventures to sort out.

It seems the USD may have lost its legs and the other counterparts will be more bullish.

Next week is big for CAD and I would be shocked if the BOC did hike. I expect a dovish statement mainly based around trade wars etc
  • #971
  • Jul 9, 2018 12:19am Jul 9, 2018 12:19am
so what is moving eurusd at the moment? I really do not understand on which side to trade by fundamentals. Or maybe nothing is moving, and price will go sideways between 1.1830 and 1.1540 ? DOllar inflation is still higher than euro and dollar interest rate is still higher. Is it good time to sell and its a matter of time when it will move down and brake the 1.1540 ?
  • #972
  • Jul 9, 2018 3:16pm Jul 9, 2018 3:16pm
Quoting SPeedFANat1c
so what is moving eurusd at the moment? I really do not understand on which side to trade by fundamentals. Or maybe nothing is moving, and price will go sideways between 1.1830 and 1.1540 ? DOllar inflation is still higher than euro and dollar interest rate is still higher. Is it good time to sell and its a matter of time when it will move down and brake the 1.1540 ?

EUR is going to follow cable to an extent.

Boris Johnson quitting today was so bad and davis quitting was the icing on the cake. Cable should have tanked 300 pips!! Gbp/aud took a spanking.

If you have access to forexlive instant messages or ransquawk you would have made a fortune
  • #973
  • Jul 10, 2018 7:52am Jul 10, 2018 7:52am
Quoting Samson85
Sorry that I've been quiet the last 2 weeks as I had a few business ventures to sort out. It seems the USD may have lost its legs and the other counterparts will be more bullish. Next week is big for CAD and I would be shocked if the BOC did hike. I expect a dovish statement mainly based around trade wars etc
Markets are expecting an 25BPS hike in tomorrow's BOC's rate decision. Definitely going to be a big mover, as it can go either way. The BOC has been rather less predictable than other central banks.
Trade what you see, not what you think!
  • #974
  • Jul 10, 2018 8:37am Jul 10, 2018 8:37am
It is not fundamental vs. technical, you need both!

The fundamental provides the volatility or enough dislocation(s) from price, that you can actually make a profit. Your job is to know what a cheap (BUY) and dear (SELL) price is in general, then what news is coming up and how that changes the outlook for cheap and dear.

Basically, you will see it get in a sell zone, and you need to know given the current news flow that it is ok to pull the trigger. But without the news coming up, it would never move into these zones, so you would never get a good price!

Haha right? Is anyone else with me here?
  • #975
  • Jul 12, 2018 12:59pm Jul 12, 2018 12:59pm
Quoting Moty
{quote} look my freind , do you see any fundamental in this chart ? fundamental news is the fuel of the trend , and nothing more . you want to be Successful trader? It's all in you. Discipline, lack of "big eyes" , risk management and patience {image}
The thing is - trend might be to the down for example, so you sell. But there are fundamental news and you think its a pullback so you sell more. And turns out that trend turned around. If you know that it is not possible anymore for trend to go down, because of news for example eurusd going down, and ecb rises interest rate. So you know that rate is rised and do not sell eurusd. Is that not right?
  • #976
  • Jul 16, 2018 6:37am Jul 16, 2018 6:37am
Positions taken:

GBP/USD - LONG

GBP/CHF - LONG

EUR/USD - LONG

EUR/CHF - LONG


The reason for the trades are based on the market pricing in a rate hike for the pound which could happen in two weeks. I closed gbp/chf and eur/chf as I am not fully up to date on chf fundamentals as I have been of for 2-3 weeks. My cable and eur/usd trades have flown off, but GBP data will shape the currency direction for the next two weeks so this weeks data is going to have a massive impact.
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  • #977
  • Jul 16, 2018 11:54pm Jul 16, 2018 11:54pm
Quoting Samson85
Positions taken: GBP/USD - LONG GBP/CHF - LONG EUR/USD - LONG EUR/CHF - LONG The reason for the trades are based on the market pricing in a rate hike for the pound which could happen in two weeks. I closed gbp/chf and eur/chf as I am not fully up to date on chf fundamentals as I have been of for 2-3 weeks. My cable and eur/usd trades have flown off, but GBP data will shape the currency direction for the next two weeks so this weeks data is going to have a massive impact. {image} {image}
why eurusd long? Does it depend so much on gbp data? and which gbp data exactly? soon will be also red gbp news. I am short on eur usd because yesterday were good USD news and today Capacity Utilization Rate and Industrial Production m/m are better than previus. I plan to close trade before the release.
Plus there is 1.1720 resistance level by dailypriceaction.com which helps to short and does not help to go long
  • #978
  • Jul 17, 2018 1:30pm Jul 17, 2018 1:30pm
Quoting Samson85
Positions taken: GBP/USD - LONG GBP/CHF - LONG EUR/USD - LONG EUR/CHF - LONG The reason for the trades are based on the market pricing in a rate hike for the pound which could happen in two weeks. I closed gbp/chf and eur/chf as I am not fully up to date on chf fundamentals as I have been of for 2-3 weeks. My cable and eur/usd trades have flown off, but GBP data will shape the currency direction for the next two weeks so this weeks data is going to have a massive impact. {image} {image}
Thanks dude , if you keep this up, I might start considering subscribing to ransquawk
"Our favorite holding period is forever." Warren Buffett
  • #979
  • Jul 18, 2018 12:21am Jul 18, 2018 12:21am
Quoting Samson85
Positions taken: GBP/USD - LONG GBP/CHF - LONG EUR/USD - LONG EUR/CHF - LONG The reason for the trades are based on the market pricing in a rate hike for the pound which could happen in two weeks. I closed gbp/chf and eur/chf as I am not fully up to date on chf fundamentals as I have been of for 2-3 weeks. My cable and eur/usd trades have flown off, but GBP data will shape the currency direction for the next two weeks so this weeks data is going to have a massive impact. {image} {image}
thanks for your posts.
I'd really like to understand fundamentals.
I'll read through all your posts and then follow you.
Thanks
  • #980
  • Jul 18, 2018 8:43pm Jul 18, 2018 8:43pm
can anyone explain why after such a brilliant employment announcement the Audjpy is pushing down?
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