A quiet Asian session to kick off the week and could be a sign of what's to come with the US and Canada on a BH.
Will hopefully find a trade before the NY session.
A quiet Asian session to kick off the week and could be a sign of what's to come with the US and Canada on a BH.
Will hopefully find a trade before the NY session.
I'm a little gun shy on GBPAUD, it's trending extremely hard and I don't want to find myself on a one way ticket to a loss.
GBPCAD presents a little better. There's been a sizeable upmove but overall there a case for more downside movement. Price closed below the Kijun Sen (KS) and allowed a good entry. Closed for +24.
More Brexit headlines and this time it has hurt GBP and it's off over a 100 pips so far today. Some headlines here.
EURUSD is just clinging to a support level around the 1.1450 area and it's providing a good opportunity to sell pullbacks. It gave a good entry on the European open and closed for +17.
Nice to get a couple of bankers in early which takes all the pressure off to find further trades. Closed for +16.
Last trade of the night and another EURUSD trade. Price has drifted off 70 pips for the day and very similar to yesterday, it may be putting in a reversal off of fresh lows. This looked a good setup with the NY opening hour kicking it home for +11.
This would be nearly identical to the first trade last night on EURUSD. It took a little longer but the UK open provided a nice move lower and closed for +16.5.
Snap decisions are sometimes needed to benefit from an economic release. Once I saw/heard the GDP and manufacturing figures and witnessed the initial 2 minutes reaction I decided this was a worthwhile risk. Closed for +11.
Some fortunate timing here. As soon as I entered, price began to go my way and it was a nice ride down for +19. Going to call it a night there after 3 very solid trades and watch a movie with the family. Some big storms rolling through, too.
Looks like the US session was a riot last night with AUD crosses flying higher. However, GBPAUD has already given up over 100 pips so far.
Struggling to find a decent setup currently but waiting patiently.
It's taken all night but finally got there. GBPAUD moved lower on the back of the weaker than expected US data but as with most CPI releases, there can be a snap. Managed to grab +15 and will call it a night.
A quiet start to the end of the week with the Asian session not really providing any clues as to how the day may unfold. Seems all the fun is in the equity markets with most major indices closing below their daily 200 MAs.
Not a huge amount happening so far but some setups beginning to form heading into the US open.
Euro/Yen did well this morning -UK time.Originally Posted by Admin
Admin (12-10-2018)
My hand was well and truly caught in the cookie jar on this trade. EURAUD gave what looked a promising setup and I was relying on the low of yesterday to provide some form of anchor to it. However, it had other ideas and just went on a path to loserville with zero stops. Closed for -30.
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