Trading with Luke

Geeting ready to SHORT the FTSE 100. But I want a bit higher levels xD

I need more pips to feed my puffer fish!

Hey all.

Here's some new trades added today

Long GBP/USD (target is roughly 100 pips)

Short EUR/GBP (again, lol)

Short FTSE100 (found the higher price I wanted, after price rose to take out the high of the big bearish engulfing candle of April 29th) - if I stay in this, it may a while to begin bearing fruits.

Market sentiment is about to change, potentially quite dramatically. Many trends and patterns have almost reached decision point across pairs and indices.

I have several trades running, EUR/USD, EUR/GBP, U/CAD, U/JPY (opened today), FTSE100, GBP/JPY (opened today) right now I am monitoring and trading across several instruments. I occasionally post on some of the threads on FF with live trades, but I can't do this on all of the markets I am active on right now.

Once the day closes, I will provide a wrap-up of trades

Trade well and make pips. It's gonna be a hot June! Ayy

Hello everyone.

Update on trades:

EUR/GBP short - I have a short open @0.8977 and currently it's at - 16 pips.

Over the past week, I have lost 46 pips being stopped out at prior attempts to short EUR/GBP

So this pair's definitely been a negative this past week for me.

USD/CAD Long@ 1.3766 from May 26th still open.

Price still dragging its feet around there. Currently almost at the same level

EUR/USD short

I tried to short the EUR/USD once last week already, in anticipation of the range holding, as price had reached the top of the last few weeks' range.

However, I lost 50 pips as price broke above said range. New short attempt made on Friday, still open.

USD/JPY long

Well I think I documented this well on the USD.JPY thread as I posted there live when I entered, along with what my bet on this pair is.

It's still open , with Friday closing at just over 60 pips above my entry level. Price kinda of reaching decision point this week. Stop loss at break even

FTSE 100 index:

Last week, on May 27, I closed a long on the FTSE that I had taken on May 22, for 244 pips profit. First post about it here was #49

On Friday May 29th, I entered short on the FTSE, after the price rose above the high of the "bearish outside" or, to some "bearish engulfing" daily candle of April 29th.

I had commented on another thread about how those who shorted FTSE because of the April 20th bearish candle were likely to be cleaned out if their stop was at the high of said candle.

Maybe the price now is ready to decline, though I think it more likely to wobble around these levels for a bit , before deciding

GBP/USD :

This pair was good to me last week. I have posted my trades here live on the Cable Update thread, and also given updates here, so to just summarise last week:

Overall, just over 300 pips profit from cable. I only longed the pair.

My bias is that the price will continue to move up, to take out the "double top" of 1.2650 , as I have posted here several times now

Currently got an open long on Cable from 1.2340

Finally, I have a long GBP.JPY punt open since Friday. I took this when the price poked just below the prior day's low, which I thought was a good opportunity to go long, given the time of day and the mirror image on cable plus my long USD.JPY. I posted this trade live as well, on the Cable Update thread.

it's currently at just over +100 pips, lets see if it keep them

Hey all!

Some updates, some sad, some happy.

Got stopped out of my UCAD long for a loss of 43 pips, when price crashed below the low of the large 4-hour bull candle that I hoped would be the start of a run up.

Instead, UCAD has crashed , following the EUSD spike up. I think they're both stop runs. As I said before, UCAD is one of the most manipulated currencies , full of big runs and crashes. I love and hate trading it, but hate it more

I have bought UCAD again at 1.3500, lets see how that goes.

On EUR/USD short, I also got stopped yesterday for a loss of 25 pips, as price continued to take out daily candle highs (mirror image of UCAD situation)

GBPUSD long from last Friday:

I have now closed this punt for a profit of 217 pips.

Also now closed: my GBP/JPY long from last Friday May 29th, taken when price poked below Thursday's low. That was a nice opportunity to bet long with a small stop-loss and good potential reward. A bit over 300 pips profit fro this nice little punt.

Punts still open as of now:

new long UCAD

Short EURGBP

long USD.JPY

Hello! Updates on trades:

 

1. Closed my USD/JPY long from May 29th. Profit of 203 pips
2. Closed my EUR/GBP short from 0.8977 just now, at 0.8948, for a paltry 29 pips profit
3. Still long USDCAD @ 1.3500
4. Entered short on GBP/USD @ 1.2568

charts of USD/JPY closure and of GBP/USD new short opened yesterday

Forgot to update thread on this short FTSE100 punt @ 6168: I got stopped out when the price reversed and took out the high May 28th. Loss of 70 pips!

Update time!

- Still long USD @ 1.3500, price hasn't moved much and is still crawling around those levels

- New sell stop order on FTSE100, to be activated on a decline below today's open

- Short GBP/USD

Hello everyone! Happy new trading week!

Update on my positions:

USD/CAD: Last week I got stopped out of my UCAD long @1.3500 when price crashed bellow 1.3450. Lost 52 pips on that punt (god I hate UCAD)

GBP/USD: Still short as per above post. Price still hovering around my entry price...tapping fingers.......waiting for some movement

FTSE100: My sell stop order from last week never triggered as price continued to rise. However, as price reached near 6500, I decided to enter short. I am short @ 6447

So Last week overall :

Lost 52 pips on UCAD
Lost 70 pips on FTSE short
Lost 25 pips on EUR/USD short
Lost another 43 pips on earlier UCAD long (did I mention I hate that pair?)
Gained 217 pips on GBP/USD long
Gained 300 pips on GBP/JPY long
Gained 203 pips on USD/JPY long
Gained 29 pips on EUR/GBP short

Result of closed trades last week: 559 pips gained

And I am currently negative some 70 pips on my lowest open GBP/USD short position


Overall, I expect USD to find some strength in the interim, but I continue to be bearish USD in the long term, with exceptions for USD/JPY and USD/CAD where my bias is long USD in the longer term, i.e. next couple of years

My FTSE short on the dailies: