Trading with Luke

Hello guys.

I wope up to see that the FTSE has continued to drop and so I closed my FTSE short from July 3rd for just over 160 pips profit.

The USDJPY is also sliding and I have left my short on it open. However, the markets' moves are still tentative. Nothing dramatic.

I have also entered a EUR USD long just now. I will be looking to add EURUSD longs if it slides further. I am quite bearish on USD and EUR is the best major to trade such a bearish USD bias in my opinion

For those trading UCAD regularly, it might be a good time to fade the break of the declining daily trendline.

I'd rather play the USD bear mainly through EURUSD and I have mentioned before that UCAD is heavily manipulated, but in this case its manipulation by the big boys might be in USD bears' favour hehe. It's tempting me! So I shorted it too

Daily and 4-hour chart view with my trade on the 4h.

Morning all!

I am still short USD/CAD
Short USD/JPY
Long EUR/USD

All positions with stop loss at break-even, so no capital at risk.

They're all quite correlated, so if the market reverses and take out the stop on one of them, it will likely do the same to the other two as well. But they're free punts now.

What would cause such a reversal? Probably the potential exhaustion of the Chinese stockmarket's rise

New punt: Short FTSE100 @ 6184

Good luck to everyone. Will update later

Hmm, FTSE looks set to continue to rise for now Closed my short at 6172 for 12 pips profit.

Reversal of position: Long FTSE @ 6172

Good evening!

Updates: closed FTSE100 long from 6172 at 6198. Profit of 26 pips

Other trades are still open, with SL still at break-even.

New entry: a sell STOP order on FTSE to be triggered if it breaks today's low.

No other news for now. Spent my time browsing long term charts. UCAD quite interesting.. I am USD bear currently but look at UCAD makes me wonder what the USD's intentions are with that double top (2016 and 2020)

UPDATE: closed my USDJPY for a tiny profit.

Opened USDJPY long! I think it's about to spike up

Since my first UCAD short is now capital-free, I decided to re-commit that capital by adding a second short just now. Suspecting a further and imminent UCAD dive

Cable has declined a bit today. I took the chance to buy me some cable too, just now, @1.2580

Hello everyone and happy 14th July for those of you who are French!

Update on my positions: I have a lot on so will take it one at a time.

my USDCAD shorts were stopped out during London open today. Lost 62 pips on one short and 0 on the other since SL was at its entry level.

I have opened a new short at roughly the same level, a bit higher. I still see UCAD declining and not ready to break out north in a serious way (well, if it does, then markets will be crashing again like in March)

Cable: I entered long cable yesterday at around 1.2580

Cable has continued to decline. I have now added to that long position.
Hourly chart suggests potential further slide at least in the short term.
The first long position is now in a running loss of just over 60 pips

Another position I took at the very end of the trading day yesterday: entered long EURJPY

Here's the trade on the 4hour chart as it stands now

Price at around the entry price. This is basically a synthetic addition to my other EUR/USD long and USD/JPY long positions, which I will post about next

Here's my oldest position atm: my EURUSD long taken on July 10.

Not much to update here. Price has continued to creep up

And finally my USDJPY long which I entered into yesterday. Price has not really moved yet, right now it's at a paltry profit

Hello pip farmers!

Well at the end of the trading day, all my positions are still open, except for UCAD long. I closed this one now for 30 pips profit.

That still leaves me with a 32 pips loss on this pair this week.

Morning everyone!

Update on my punts.

Cable: got stopped out of my two long positions when cable crashed in NY session. Profit of 23 pips on one position and 83 pips on the second position.

EURUSD long taken on July 10th - I manually closed this now for 145 pips profit

USDJPY long

Still at basically the same level. Hardly any movement..

EURJPY long @ 121.95 - I just closed this now for -5 pips

So currently, no positions open other than USDJPY. Just going through market charts and news at the moment. Will update with any new positions