Trading Ideas 24 June

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Ok folks, it’s that time of day again when we invite you share your trading ideas and thoughts with your fellow ForexLive community

Reasons welcome as always

Author: Mike Paterson

Mike Paterson has more than 30 years of experience trading FX including key market-making roles as a senior spot trader with UBS and Credit Suisse. He was also head of FX at the State Bank of Victoria in London. With sizeable daily trading volumes Mike carved out a career combining professional integrity with a cynical grasp of seizing market opportunity. Since leaving the City, Mike has been working as an independent consultant and trading for himself, along with presenting seminars and writing for a number of publications. Mike now lives in Kent but remains a passionate sponsor of Southend United FC.


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Mike Paterson


  1. Hi Mike,
    any expectation for the AUD/JPY?

  2. the way usdjpy’s suddenly dropping is causing my heart to speed up!!!

  3. Dollar bullish theme
    Counter trend – long EUR/USD @ 1.3115. Target 1.3165 then look for short with trend
    Pending long USD/JPY @97.25. Target 99.80
    Pending long USD/CHF @.9290 Target .9410

  4. Buying ChFr pairs (eur-chf,usd-chf) on dips because I noticed that even in risk-off markets chf becomes not so strong….

  5. No strong feeling Tarek but don’t see the current bearish trend changing any time soon

  6. 97.50 is the price to watch for UJ. Close below and rally is exhausted. If well bid then do the math!

  7. USDJPY.. very reactional to US bond yields. June 25,26,27 bond auctions 1 EST. looking for trades starting at 12 EST
    The week of June 10, 3 bond auctions.. very tradable each day. June 11 UJ round tripped for 200 pips

  8. Spot gold up $4-5 in less then a minute…interest

  9. Short EUR/USD from 1.3105 stop at 1.3120 target 1.3065. Safe-haven bet on falling equities and commodities plus a bunch of short term negative technical indicators.

  10. sell euro usd in rallies for today and take profit in every 20 pips fall. weekly sell at 1.3120 stoploss 1.3190 target 1.3027 time frame one week.

  11. US markets may continue sell off and this should relate to a stronger US dollar.I sure that Ben will be leaving on a jet plane sooner than later.The sell in May axiom seems better than ever.

  12. The “Sell in May” saying would suggest a stop and reverse of those short positions on St Swithin’s Day.

  13. as much as we hate the dollar strength . …its still buy the dollar dips. every G7 economy out is in worse shape than US and would need their own QE once FED starts to taper.


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