[Dan007]

Good morning

I trust you all had an enjoyable weekend…

The USD is weak and that rally (late on Friday) would have surprised a lot of the market.

Asia held off from buying USD overnight and consequently no retracements took place. Most of the setups this morning involve buying USD so we need to be very careful or be patient and wait for short USD opportunities. The DOW looks set to retrace but it takes a brave man to short in a bid market for now.

CABLE
• Looks set for a pullback after Fridays rally but long USD is a problem for me.
• 1.5250 is key resistance.
• Could play this with a very tight stop using 1.5250 as resistance.
• Short play at 1.5235/40 (region) with stop at 1.5260

EURUSD
• Again looks set for a pullback after Fridays rally.
• 1.3667 is key resistance.
• Safest way to play this would be to let it fall through the 15min 20ma and then retrace to it before a short play with a stop above 1.3670.

GBPJPY
• Looking for GBP to weaken this am.
• Previous high at 150.50 so lets looks for a double top with stop above the 150.65 level.

Verdict
• Retracements are due but remember the USD is weak so risk should be limited.
• I will not fight against GBP today if it wants to rally.
• It is too overbought for me at present

[Dan007]

Trades Taken - Live Announcements

• STILL SHORT ON ALL 5 CURRENCIES
• Been selling CABLE from last night below the 50 region on the double top.
• Not a perfect morning as should have hit USDJPY and GBPJPY. Shame 


• EURUSD - Short at 1.3645 with stop at 13680 – Banked part at 1.3602 (Stop breakeven now)

• CABLE – Short at 152.10 & 152.88 with stop at 152.55 – Banked part at 151.75 (Stop breakeven now)

• EURJPY – Short at 134.45 with stop at 134.90 – Banked part at 134.00 & 133.36 & 133.30 (Stop breakeven now)

• NZDJPY – Short at 60.10 with stop at 60.60 – Banked part at 59.70 & 59.50 & 59.20 (Stop breakeven now)

• CHFJPY – Short at 88.80 with stop at 89.20 – Banked part at 88.45 & 88.26 (Stop breakeven now)

[Dan007]

Its amazing how the weeks change...I hated last week with a passion...Charts were awful and i was pulling my hair out! (What is left of it anyway!!!)

A new week, a new start, we hit it hard and it paid off.

Well traded team London. Some solid pips in the bank and a great start to the week.

D

[Dan007]

Will keep banking on the way down in all 5 pairs..Took another little chunk out of CABLE at 25

[Dan007]

EURUSD - Short at 1.3645 with stop at 13680 – Banked part at 1.3602 (Stop breakeven now)

• CABLE – Short at 152.10 & 152.88 with stop at 152.55 – Banked part at 151.75 & 151.25 & 151.05 (Stop breakeven on balance)

• EURJPY – Short at 134.45 with stop at 134.90 – Banked part at 134.00 & 133.36 & 133.30 & 132.75 (Stop breakeven now on balance)

• NZDJPY – Short at 60.10 – Closed at 59.70 & 59.50 & 59.20 & 59.05

• CHFJPY – Short at 88.80 – Closed at 88.45 & 88.26 & 88.12

[Dan007]

EURUSD - Short at 1.3645 – Banked part at 1.3602 & 1.3600

CABLE – Short at 152.10 & 152.88 – Closed at 151.75 & 151.25 & 151.05 & 151.12

EURJPY – Short at 134.45 – Closed at 134.00 & 133.36 & 133.30 & 132.75 & 133.20

NZDJPY – Short at 60.10 – Closed at 59.70 & 59.50 & 59.20 & 59.05

CHFJPY – Short at 88.80 – Closed at 88.45 & 88.26 & 88.12

[Dan007]

All flat now...

Crumpets and jam for me.

[Dan007]

Hi

Keep an eye on the DOW for the next 48 hours.

This will set the tone for the currencies.

D

[Dan007]

We are having fun today...

I am by no way an indices specialist but the monkey has teased me into this DOW as not happy with the currency setups this avo.

Been in at 8420 then 8440 and banked down at 8395 and looking to get back in on the part i closed with stop above resistance.

I enjoy good days..Well done team.

See ya tom.

D

[Dan007]

We gave the US session a go but its better we work as a team than individually. Means we can look at more markets rather than focussing on two or three.

Its a great team with James, Zak & Anders (and of course Kimberly & Shireen) and hopefully we can move forward in a big way from here. Some record results today which is very impressive. Congratulations to you all...

I hope you like the announcements flashing up on your screens!

See you tomorrow.

D