Exited these shorts earlier today for a bit under 80 pips profit total (very few pips from the lower shorts and 70 pippos from the higher one). We are still trapped in a horizontal channel since early August. Got about half of the channel's height. ...

USD/JPY Discussion

Morning everyone! Updates as I just closed and opened some positions: I just closed my DAX short for -3pips as price seems to be breaking north at LDN open, It was in decent profit yesterday as I left the house, but by the time I had come back, ...

Trading with Luke

I couldn't resist the chart! Took a long on Brent @45.32/barrel Weekly chart

Trading with Luke

And another new position: shorted DAX30 @ 13105. The index is spiking this morning, but it has reached the upper boundary of a declining channel, and these channels, when they form after a prolonged rise such as this time, tend to break quite hard ...

Trading with Luke

Hello! I have a couple of updates, so here we go: SP500 short@ 3478 - CLOSED@3499 , booking a loss of 21 pips USDJPY shorts still open Last night, a couple of hours before NY close (NY session is in the afternoon and evening for me, since I am ...

Trading with Luke

Good afternoon! Updates: Long EUR/GBP closed for break-even. Price isnt really budging FTSE100 short@6055 - Now closed @5985 for 70 pips profit SP500 short@3478 still open USDJPY shorts still open

Trading with Luke

Hello! End of week (almost) update: New trade just entered into now: Long EURGBP @ 0.8936 (posted below on daily chart). I closed my short on this trade from .8954 for a profit of 18 pips and reversing now SP500 short@ 3478 still open FTSE100 ...

Trading with Luke

Ah, but "not forever" can still be a very long time That said, they won't it forever because the circumstances will force them to reverse. A crisis in the yen? Economic depression? A political revolution? The election of a politician who actually ...

USD/JPY Discussion

I have added to shorts at higher prices. Sometimes it pays to stay awake for the Tokyo session. Especially when Abe resigns and Jerome Powell has just spoken and whipsawed the market with his utterly inconsequential speech about inflation targeting ...

USD/JPY Discussion

Hello everyone! UPDATE on open and new trades as we approach the end of this week: EURGBP short @0.8954 still open. Now at a minor loss as the price is hovering around that level and trying to recover. SP500 short@ 3478 still open. Currently at a ...

Trading with Luke

I'm listening to Powell. He just said that what they are doing is because they are worried about the Fed preserving their "democratic legitimacy" as the "public begin to lose faith in public institutions". Lol? Democratic legitimacy? Was HE voted ...

USD/JPY Discussion

Remember that it took a huge earthquake, the earthquake of 2011 and the subsequent Fukushima crisis, for the yen to top out, after decades of rise. Big turns take big crises

USD/JPY Discussion

Ohyao gozaimasu! Well, in the short term, it's basically the daily candle of July 30th. I don't like the looks of it at all. It is too obviously bullish and I think it's a trap for bulls. Price movement after that candle has so far failed to look ...

USD/JPY Discussion

Morning! Having closed my UJ long earlier this morning for 20 pips (meh), I've now just entered into some short punts. 4h chart

USD/JPY Discussion

New position: Short EURGBP@ 0.8954 If price breaks the low of last week and even more so the low of the week of July15th, we could have a nice decline

Trading with Luke

Moved the SLoss of my EUR long taken at the close of last week, to break-even. Currently in profit by just over 50 pips Closed my UJ long from 105.80 for 20 pips profit. Meh! Also entered into an SP500 short at 3478, let's see how that goes!

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Trying a short on the FTSE. I will close it if it rises above yesterday's high

Trading with Luke