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 ...

Trading with Luke

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 ...

Trading with Luke

USD/CAD Long@ 1.3766 from May 26th still open. Price still dragging its feet around there. Currently almost at the same level

Trading with Luke

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 ...

Trading with Luke

They are all the same kind of people in those "brokers". Like most City industries, the same people tend to be recycled across different companies over the years, and the type of people who like working at such places tend to be... well, specific ...

Cable Update (GBPUSD)

The movement of USD/JPY today has allowed me to raise my Stop loss to the entry price. So no capital at risk. I will have to hold this over the weekend in the expectation of the spike, but now it's a capital-free punt. The price can very well ...

USD/JPY Discussion

that makes me realise I haven't read a single line of news all day today. Except for some gossip news from back in my country, lol.

USD/JPY Discussion

That's it. Long, big, not in traffic of other candles, at and the bottom of a multi-day narrow range Beautiful Notice how you didn't have to jump right away on this one. For several more hours after it, the price just stalled at that level. Buying ...

USD/JPY Discussion

Well it depends how much you're willing to trade and potentially lose. I was willing to risk buying at the bottom of the last few days' range because - I like buying near the bottom of ranges, expecting them to hold - I could place a very small ...

USD/JPY Discussion

You will laugh, but for months now my big set up idea is that the markets (and not just them) are sort of replaying on the monthlies a vignette of action that is 12 years old, and on a larger scale, one that is 99 years old. But I can't explain why ...

USD/JPY Discussion

On my hourly charts, It didn't paint a bearish engulfing. And if it had, I wouldn't rush to fade it just because of the candle. I took the trade long because of where the price had dived, and mostly because it offered a good risk -reward for the ...

USD/JPY Discussion

yes, I would be willing to take a long near the bottom of that narrow range (like the one taken earlier today) and risk some capital in the expectation of some sort of spike repeating itself. I've had my eyes on that prior incident for 3 trading ...

USD/JPY Discussion

Remember, my puffer fish mates, we have yet to reach the juiciest, biggest fishing grounds!

Cable Update (GBPUSD)

weeee!

Cable Update (GBPUSD)

But what I am REALLY looking for is this: They say history does not repeat itself, but SOMETIMES it rhymes Are we rhyming now?

USD/JPY Discussion

The long punt at London open on USDJPY has worked well so far. I just bought it because price was at the low of the currently, narrow, multi-day range

USD/JPY Discussion

Good to hear it helps. In general, I love big long full candles at the tails of trends. They gotta be big though. Bger than all the candles before them. They signal potential exhaustion. I go looking for them. Real engulfing candles are rare. What ...

USD/JPY Discussion

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 ...

Trading with Luke

It just coincides with price movements that have been maturing over many days now, across all major pairs. When everything is in place, any news item is good enough trigger to unleash the pent-up energy. The news is never the cause Even the ...

Cable Update (GBPUSD)

lol

Cable Update (GBPUSD)