One possibility is that the market anticipates a Cable appreciation that is even stronger than EUR, or perhaps it is spooked by the prospect of hard Brexit

Trading with Luke

Closed my FTSE punt at break even. If price breaks a bit above yesterday's highs I will look to rebuy, otherwise it looks like it will continue down. Really curious as to why the FTSE is lagging other indices so much. Something may be rotten in the ...

Trading with Luke

Morning everyone! New position: Long FTSE100 @ 6048 Here's how it looks on the weekly chart. The FTSE is lagging other majors because of Cable's rise, but hopefully it will catch up and in a big way. Western major indices are lagging China. China ...

Trading with Luke

Stopped out of sp500 short, exited UCAD long. Also entered a EURUSD long now. I'm heading out for the rest of the day so will update next week, if my positions survive! Happy weekend everyone! Heres the eur/usd long on the daily charts

Trading with Luke

Stopped out of FTSE100 long, for -32 pips! That was quick! Also now long UCAD, short SP500. Long USDJPY since yesterday (posted in the USDJPY discussion thread) Things seem to be heating up in late August, hehe

Trading with Luke

Luke is having a quiet August! Liquidity is typically low at this time of the year, so just nibling on opportunities here and there, with no big commitments. Here's one more punt, just entered long FTSE 100. There's no confirmation via a couple of ...

Trading with Luke

Bought some more at 105.60 Looks like I will be buying into the weekend. So be it!

USD/JPY Discussion

Picked up a long now at 105.80

USD/JPY Discussion

All closed. Not yet, it seems. More waiting

USD/JPY Discussion

Awake for a bit in JPN session. Im already short SP500, long UCAD, short AUD since NY session. Now just entered short UJPY 1 hourly candle after a second bearish bell. SLoss just 21 pips I marked the two hourly bearish bell candles with arrows. ...

USD/JPY Discussion

AUDUSD is often a bellwether for risk appetite, and its price action today has been..interesting! Maybe it's a sign of risk aversion returning to the markets soon. In which case...UJPY will probably tank. Keep yer eyes peeled for signs of some late ...

USD/JPY Discussion

*munches on popcorn, waiting for market signals*

USD/JPY Discussion

It never printed a bullish bell on the 1hour charts. The 30min was the best it could do. Stocks look like they're in two minds about new highs in some of the indices. If they are about to correct deep or reverse, UJPY might have quite a bit lower to ...

USD/JPY Discussion

Break of 105.60 by moving higher just printed a bullish bell on the 30min chart. If it's an early sign of reversal, we will probably get a bullish bell on the 1 hour timeframe too, later on. Risk would be only 20-22 pips, with SL just below this ...

USD/JPY Discussion

I didnt stay up during JPN session (it''s late at night in my time zone). Missed the third leg down. It's now at July's close and near August's lows. Will it reverse August's move up and break below its low? Still a few days left to the trading ...

USD/JPY Discussion

Btw notice: a) the decline from 107 is now a neat 2-legged move. Today was the second leg. These moves are usually corrections before resumption of prior move, which was an uptrend. b) today's 2nd leg down got us to last Monday's open and close, ...

USD/JPY Discussion

Grabbed today's candle's pips, almost 60. Low volatility days. Must try and take what's on offer these lazy August days. If I stay awake during JPN session I might reshort if price action looks like a retrace

USD/JPY Discussion