Trade Ideas

GBP/JPY: Stop raised to 169.55 (edit)

I really should have listened to my instinct yesterday when everything was screaming at me that the Yen crosses were set to turn lower. Call it post-BOJ blues or […]

By |February 20th, 2014 5:01pm (th14202UTC14 UTC0102UTC)|fxww, Trade Ideas|0 Comments

GBP/JPY update: Feels like I might have missed the top

No matter what anyone says, trading does involve an element of luck. When things are really going your way, those ‘flyer’ take-profit orders get executed and then it’s easy […]

By |February 19th, 2014 4:28pm (th14192UTC14 UTC2802UTC)|fxww, Trade Ideas|1 Comment

USD/CAD: Shorts edging into the money but going is slow

I’ve been short since Monday morning and USD/CAD is again testing last Friday’s lows at 1.0935. Goldman Sachs reckon that support should be very strong at 1.0880 and that […]

By |February 19th, 2014 3:52pm (th14192UTC14 UTC5202UTC)|fxww, Trade Ideas|0 Comments

EUR/GBP and AUD/NZD in ‘recovery’ mode

These have been two of the more persistent bear trends in the crosses in recent months but both pairs are starting to show signs that a ‘bottom’ may be […]

By |February 19th, 2014 7:20am (th14192UTC14 UTC2002UTC)|AUD,NZD, fxww, GBP crosses, Trade Ideas|0 Comments

GBP/JPY trade update

I’ve got a fixed take profit order at 172.15 on last week’s long position and with EUR/GBP possibly looking to form a base, I think it makes […]

By |February 18th, 2014 6:45pm (th14182UTC14 UTC4502UTC)|fxww, GBP crosses, Trade Ideas|1 Comment

EUR/GBP: Taking profit on medium-term shorts

  • I’ve been short this pair for months but the fact that we’ve consistently stalled at a major technical support level near .8150 (61.8% retracement of .7750/.8810) must be taken […]
By |February 18th, 2014 7:15am (th14182UTC14 UTC1502UTC)|fxww, GBP crosses, Trade Ideas|0 Comments

GBP/JPY trade update

I’m still long of this pair and feel very comfortable being long GBP across the board.

I’ve adjusted my short-term targets and will look to book profits if we […]

By |February 17th, 2014 10:32am (th14172UTC14 UTC3202UTC)|fxww, Trade Ideas|2 Comments

USD/CAD: Fresh shorts in play (the ultimate reverse indicator)

My track record in the CAD is abysmal but all signals are pointing lower and I’m trying a top-picking short position near 1.0990. I’ll keep it fairly tight for […]

By |February 17th, 2014 7:56am (th14172UTC14 UTC5602UTC)|fxww, Trade Ideas|2 Comments

Silver makes compelling move higher; looking to add to long position

One market which has made a compelling statement in my opinion is Silver. We had been watching the $20.50 level for months and finally, after a few false alarms, […]

By |February 17th, 2014 7:09am (th14172UTC14 UTC0902UTC)|fxww, Trade Ideas|0 Comments

Cable: Looking to play 1.64/1.68 broad range

As you are no doubt sick of hearing, I’ve been long and bullish GBP for some months now. I still think that EUR/GBP is headed to .75/.77 but what […]

By |February 13th, 2014 10:51am (th14132UTC14 UTC5102UTC)|fxww, GBP crosses, Trade Ideas|3 Comments

GBP/JPY trade strategy updated

  • Longs in play from yesterday at 168.50;
  • Will book interim profits if we see sharp intraday spikes to 171.00;
  • Strong support should develop now at 168.25/40 and buying dips is the […]
By |February 13th, 2014 7:11am (th14132UTC14 UTC1102UTC)|fxww, Trade Ideas|0 Comments

GBP/JPY: Starting to build a long position

I’m already running core long positions in GBP against the EUR and the USD, so perhaps its time to add the JPY as well. My sense is that the […]

By |February 12th, 2014 11:33am (th14122UTC14 UTC3302UTC)|fxww, GBP crosses, JPY crosses, Trade Ideas|1 Comment

Cable: Still like buy-dips play whilst 1.6220 holds

Obviously the GBP bull trend is getting reasonably mature but on a long-term view it remains reasonably cheap against a number of the other majors and so I’m happy […]

By |February 6th, 2014 7:43am (th14062UTC14 UTC4302UTC)|fxww, GBP crosses, Trade Ideas|2 Comments

AUD/NZD: Prefer to play from long side today ahead of RBA

  • Like I mentioned below, current moves in the FX market are being driven by positional liquidation;
  • The market is short of AUD/NZD and there is no major technical resistance until […]
By |February 4th, 2014 7:53am (th14042UTC14 UTC5302UTC)|AUD,NZD, fxww, Trade Ideas|3 Comments

AUD/NZD: Reduce longs on rallies to 1.0900

Don’t get me wrong, I’m long and think that we go quite a bit higher in the longish-term, but the down trend has been strong and will fight back […]

By |January 31st, 2014 7:07am (st14311UTC14 UTC0701UTC)|AUD,NZD, fxww, Trade Ideas|5 Comments

GBP/CHF: Looking to buy near strong technical support at 1.4870

  • Trend-line and a 61.8% retracement level converge near 1.4870 (see chart);
  • If buying this dip, keep stops fairly tight as it is risk-off Friday and some stock-markets are […]
By |January 24th, 2014 7:09am (th14241UTC14 UTC0901UTC)|fxww, GBP crosses, Technical Analysis, Trade Ideas|0 Comments

AUD/JPY: Testing water with small long near 90.35

Firstly, I’m not picking these moves particularly well at the moment and some of the cross moves in pairs like EUR/AUD have me quite baffled. Nevertheless, I still think […]

By |January 24th, 2014 6:35am (th14241UTC14 UTC3501UTC)|AUD,NZD, fxww, JPY crosses, Trade Ideas|2 Comments

Hope you’re all clever enough to be long GBP/CAD

By |January 23rd, 2014 6:43am (rd14231UTC14 UTC4301UTC)|fxww, GBP crosses, Trade Ideas|2 Comments