I entered another speculative long on the FTSE at 5714, with 35 pips stop loss. This is an attempt to speculate on the possibility that the rising channel will hold. Let's see

Trading with Luke

Hello everyone. Price is essentially back to it's breakout level from couple days' ago. It has one so as stock markets (Dow, Dax, FTSE etc) revisited their May open levels, which also happened to be at or neear their monthly low's, until yesterday. ...

USD/JPY Discussion

View of the Dow Jones, from which FTSE and other western markets are taking direction Odds are still for a rebound IMO, as price yesterday revisited what had been the month's open and low, but has since stalled and not moved aggressively below it. ...

Trading with Luke

Update on my other position, my long USD/JPY which I didnt post here but had posted in the USD/JPY thread. The price broke above the descending channel as I hoped, rose by about 100 pips and then it reversed and has since bounced off the break-out ...

Trading with Luke

Hello everyone. Update on my speculative positions: My FTSE trades (long) have been stopped out. They include the main position that I had entered at 5905, plus some small add-on longs later. The all got stopped when price crashed below 5868, where ...

Trading with Luke

See my last post in the "Cable Update (GBPUSD)" thread if you want to see what my puffer fish told me Cable might do in the next few days

USD/JPY Discussion

It's been quite interesting that Asian markets have been giving the tempo these past few weeks, not the Dow. The Dow would fall, dragging the Western markets with it, then China would come online and drag Asia up, dragging also the Dow up next day. ...

USD/JPY Discussion

The 1-hour chart of USD/JPY has just printed its 3rd bullish continuation bell in a row, suggesting this may be getting ready to turn up again, after yesterday's pump and dump.

USD/JPY Discussion

I don't know what timeframe the chart you posted is (I prefer 4hour and above for entries, but looking at 1hour for early potential signals) and I dont know if that's the USD/JPY, but at the risk of going out of this thread's subject, here's what I ...

USD/JPY Discussion

Morning everyone. I am still long FTSE, USD/JPY. I just added to my FTSE long, buying at 5905. That's because the 4-hour chart just printed a 4th bullish bell. Here's the updated FTSE 4hour chart. I bought yesterday when the 3rd bullish bell ...

Trading with Luke

Yes it'd be nice if it could have a "print £" button too right next to the "make coffee" button. Maybe it's coming in the next version

USD/JPY Discussion

Most retail traders are split in half on this pair, so no big mass of retail traders on either side yet. Sentiment works best as a contrarian indicator when it reaches extremes.

USD/JPY Discussion

Watch out! You're beginning to think like a market maker lol. This is one scenario. However, I won't rush to sell just because it reaches those levels. Not without the corresponding bearish bells ringing on the charts.

USD/JPY Discussion

I'm only interested in it if it makes coffee too. Wrong thread, and u know it bud.

USD/JPY Discussion

I should add the Dow has only produced 1 bullish bell on the 4-hourly, and the DAX has just produced a 2nd bullish bell on the 4hourly. So of the three, FTSE, DOW and DAX, the FTSE seems to be ahead on bullishness with its 3rd bullish bells, which ...

Trading with Luke

Good morning everyone. Still long the USD/JPY. On other fronts, I saw a third bullish bell on FTSE 4hourly just now, as I posted in my journal, which is a bullish continuation signal. Suggesting indices want to continue rising and maybe the USD/JPY ...

USD/JPY Discussion

Here's the FTSE 4-hour chart with the three bullish bells in a row. The third one just triggered, which prompted my closing the short and reversing long. These are bullish continuation signals

Trading with Luke

Morning everyone. Closed my FTSE short from 5960 just now, for 53 pips profit. Opened long on FTSE now, as the 4Hour chart has produced a 3rd bullish signal in a row, suggesting the FTSE is wanting to rise more. short term Chart on FTSE My USDJPY ...

Trading with Luke

I've been trading (although I prefer to say "speculating", because that's what it really is) on the markets since 2002. Full time since 2015. I actually had an account on FFactory back in 2004, although I can't possibly remember the name, been years ...

USD/JPY Discussion

Correlation is never perfect in any market. So yes, assets can trade in the same direction and then suddenly break that correlation for a period. Either a bull or bear, just always protect your capital because bulls and bears tend to attack ...

USD/JPY Discussion