Small effort to defend - but gold still drops.

In futures (GC) lots of puts at 1900. This level likely to get get defended. Option writers though still bearish

So fundamentally - where are we at. This game is always about confluence of levels UK: Employment - getting worse Inflation -6.8- still too high Inflation seems sticky PMIs -getting really bad No geopolitical news 10 year spreads - bid on the ...

I got out of it. Nice structure though. Need to review all this again- have had other things on my plate.

Right - I am going to start this again. Will try to keep on track - everything will start from a macro perspective No macro = no trade.

They are important for day trading. And the BOE will certainly be looking at GDP as part of their decision making process. UK stocks tumble as surprise GDP growth fans BoE rate hike concerns (msn.com)

This is the problem with price based indicators. They lag. Bearing in mind the UK - had strong GDP figures today I would not be looking to short it. I would be looking to long it in on a pullback. If I was to short something - it would be from the ...

That short Aussie was a nice trade. Bit of a surprise that the RBA chose to hold. Small pullback into Frankfurt and off we went.

The AUD has been bid since the new session opened against all pairs.

If you read the statement by the RBA - there are 4 things that they are looking at Global economy- US seem to be not too bad - although Europe is a mess Labour- this has tightened further Inflation - this has dropped and beat expected but is still ...

Westpac (who I rate) are saying that the RBA will probably take a hike off the table (September)

That is a great trade - first time I think I have ever seen someone on here mention it. I like to be fully prep'd before taking a trade. In relation to the Aussie - I'm not. Also its at 5.30 in the morning UK time. But if they sell off - and we get ...

I like changes in interest rate bias with congruent data best. Lets see what the RBA come with. The SNB has a meeting in September - I have that marked on my calendar

I should have written a better post. I was referring to the Australian economy. There are less things to monitor. Ultimately it is a case of pairing up one currency with negative news against another with positive news at a high level and vice ...

Going to stick some trades on here this week - time to kick xxxx.

I think trading the Aussie - is the easiest currency pair to trade. China has a major effect on the Aussie. Issues over Taiwan, the commercial property market and trade issues with the West all playing on sentiment. Also iron ore forecasts don't ...

We have had a b shape on volume/market profile GU on Friday after a down move - and that usually is bullish. Unfortunately- banks are bearish - and just had a look at options pricing for Monday - pretty negative. Had a quick check their does not ...

Fundamentals are abstract -you have to think like a market maker Macro for next week: US employment forecast figures for next week - look weak. Fed has talked about being data dependant-so lets see Although PMIs seem better. BOE likely to hike- in ...

This is a retail forum- posters are not going to know much. It is what it is. Happy to talk about fundamentals if that is of any interest.

Cable's only chance of hope - is for a dovish FOMC Europe is in a complete mess- Lagarde is so out of her depth.