Trade ideas thread

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Good morning/evening/afternoon around the planet.

Any trade ideas, thoughts, views you would like to share with fellow ForexLive participants, please do so:

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.


All|Asia Pacific

Ideas Corner|trade ideas

Eamonn Sheridan


  1. panic… or alternatively – buy the dips, sell into strength, rinse & repeat… this week is a traders dream

  2. really am short of ideas, any good one will do

  3. still sticking with that RKI call usd/jpy strike 98 barrier 100 for 2 week maturity that I mentioned the other day.

  4. Cable short retail sales, usdjpy long euro ??, xag xau short hard it is easy to say but give me good prices? For now i got cable with shit enter looking when attack usdjpy and xag to show power, is that also your view traders?

  5. USDJPY looks bid to me. I think another test of 98.50 today.

  6. Still bearish on both Cad and Aussie, looking for a short aud/cad to assume the loonie will outperform the Aussie in the mid-term

  7. Take a look at the daily candle close of CADCHF
    theses are the professional set ups which give you an edge in the FX market

  8. I’m surpised the Kiwi didn’t sell off as much Aussie did. Eamonn, do you follow the metals? Copper seems really low.

  9. Hi Dan – I keep an eye on them – yes, copper is very weak.
    AUD suffering inrelation to kiwi – prices for NZ agricultural exports not as bad as mining products I think helping

  10. I agree with John – kudos goes out to Eamonn – the AUD still followed the SP500 – as the equity squeeze pushed hot USD into the market.

    I will be a buyer at the important points as a AUD sell off does not hurt my positions

    however , and i will stake my credibility on it, if all markets monetary policy stays generally as is, with in reason , one will see a dislocation of this correlation from the USD SP500 relationship (that rules the whole market) and the AUD – the reasons i will keep to myself at this time but are obvious and common knowledge – and knowing this i can’t in good stead bring myself to be a seller of the AUD , I find the risk unacceptable .

    if market monetary policy changes , then of course review reconsider.


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