Trading with Luke

Hello, well I thought that, since I am speculating in various markets, it might be a good idea to keep a journal of my trades in a single thread, instead of always looking for the right thread to post about a long or short.

I am a noob and I don't really know much about all this. But Luke, my golden puffer fish and spirit animal, sometimes tells me what to do.

Last week was my first week of speculating. Somehow, Luke made almost 200 pips on the GBP/USD and then the USD/JPY. You can see those in the respective threads.

Last week, as Friday was ending and indices started going down towards the close, Luke made me buy FTSE100 and kept it through the weekend. Wtf is he doing? Anyway, here's his trade on the 4hour... I guess he wanted me to take the long as the price was approaching the 38Fib of the last few weeks' move up. Luke thinks that move is not over yet

Very weak movement up so far. But I'm still in this gamble! Stop is at 5,686, so not set at break even yet

Update on FTSE long trade: took 95 pips profit on half the position and stop loss moved to 5794 on other half


Last night I also took a small USD/JPY long but it hasn't really gone anywhere. It came within 1 pip of getting stopped out and it's now barely in profit. Will post update on it on USD.JPY thread.

FTSE chart:

The other half got stopped out at 5794 for 73 pips profit. Luke the puffer fish told me the price was about to turn around! Thank you Luke!

The FTSE100 has retraced down to the 38 fib of this move up. My puffer fish is watching for potential long re-entry set up

Did not find a set up to re-enter long and price got away from me and rose. About 4 hours later, I have now I have entered into a short on the FTSE

Closed my short for 10 pips. Overall, 105 pips today. Good night everyone

what indicator is this?

Good morning! Overnight, I got filled on a buy order that I had placed down at 5672 on FTSE, which is that same 38 Fibonacci retracement level that it touched in yesterday's session before going up again and I was waiting for a chance to enter long at that level, but the price never came back down. Well, it did return to that level during the asian session, so my order got filled. Since then, the price has moved up and hopefully will continue to move up maybe to 5900, the 1.61 fib projection

Ofc the price might just range between the high and the fib, or even reverse. It might be hesitant to break out long before NY opens

Hello James, I don't use any indicators. Luke is just a puffer fish and fishes are too dumb to use indicators. Just naked price chart with the occasional trendline or fibonacci retracement levels drawn. Those green lines you see are just fibonacci retracement levels from the low of May 4 at 5635 to yesterday's high at 5840

stop tightened to 5819

UK Gilt prices seem to be peaking, prompting the GBP to slide a bit. Maybe the market is beginning to price in higher long dated interest rates for Gilts?

Closed my FTSE long at 5850. Profit of 88 pips

No other positions open. May look at a short on GBP

GBP/USD has not even broken last week's low yet. Am just watching various markets, sitting on my hands

I bought FTSE100 again when it touched 5850. I am heading out for a while, be back later. Good luck all

I'm back!

Not much has happened, chop-chop around the same levels.

If FTSE continues to respect this rising channel then it's making its choppy way towards 6600 by the final days of May

Hello again! I just entered long the Dow Jones at 23640

Still also long the FTSE

DJones chart

I also entered long on GBP/USD at 1.2340 with a 34 pips stop loss

Good morning!

Update on my current speculative positions:

My FTSE long at 5850 has not really gone anywhere, with price whipsawing around all day yesterday. It is now in profit by 18 pips

My Dow Jones long at 23640 is now in profit by 290 pips as Dow futures have risen, indicating a positive opening later today

My GBP/USD long at 1.2340 almost got stopped out as price dipped to 1.2310, just 4 pips off my stop loss, but then the price recovered as it's now in profit by about 30 pips, with price still chop-chopping around my entry level

Dow and GBP charts attached. No other positions taken. Just waiting to see what happens with these gambles

Hello again! So I have terminated this day of speculation by closing 2 trades and getting stopped out of my third trade. I now have no open positions, but I have some potential gambles set up, which I will post soon.

GBP/USD long @ 1.2340 - this got stopped out this morning as the pound spiked down to beyond my stop loss, only to then spike back up above my entry price...Gotta love the pound.. result, a loss of 34 pips

FTSE 100 long @ 5850, I closed this at 5890 when price broke below a 30min candles for the second time. Result, a profit of 40 pips

Dow Jones long @ 23640 - I closed this at 23992 for same reason - price broke for the second time below the low of a 30min candle. Result, a profit of 352 pips

Overall result today: profit of 358 pips

Now on to what I have set up:

At the moment I don't see any favourable gambles in terms of risk vs reward. The USD/CAD has triggered a sell set up on the daily chart, but it's been ranging for last few days plus the price is already too far for me to enter it now.

But on the AUD/USD I saw a potential opportunity to catch a reversal south, which IF it happens, should run for a bit.

At the moment, the daily AUD/USD chart is bullish and shows a bullish set up triggered on the daily (just like the USD/CAD has triggered a bearish set up). Basically, both pointing to further US losses vs these two commodity and China-sensitive currencies. But if that trend suddenly reverses, I see an opportunity to catch that reversal on the AUD, so I have placed a sell order to be triggered upon break of today's daily candle to the south.

It is not likely to happen based on the charts, but I like the odds of profit IF it happens.