Trade ideas for Thursday July 11

Good morning/evening/afternoon.OK – we’ve got some volatility back, time to dust off those charts.

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.

19 Comments

  1. Sell USD’s, preferably against commodity currencies, AUD/NZD/CAD = order of preference. :)

  2. sell the ralley when the dust settles..don’t think it’s a new “sell dollar” trend.- just initial reaction on new information. Overall,traders just correct their expectations and i don’t believe it has changed much. Also think we should pay close attentiont to the job data today

  3. Eamonn, Would I be wrong in buying the dollar up on this big dip?

  4. I’m going to hold on to my short USD/CAD – first target 1.03 and long AUD/USD target 0.94.
    However, I wish I had bought the EURO and GBP ….look at these moves now…spectacular.

  5. Yikes ! I got stopped out of my USD/CHF and USD/JPY trades. I’m long EUR and GBP @ 1.2984 and 1.5032 now till further notice. God damn Ben !

  6. Long EURUSD 1.2780 TP 1.3300
    Adding 50% of profits on every pull back

  7. Hi Matt – its dangerous to stand in front of moves like this. I think the USD will be bought back, but its safest to let it settle first.

  8. Hello Everyone……it’s a payback time………………

  9. Gosh! The Daily candle in the dollar index is just unbelievable — almost laughable!

  10. A friend called me and said I ‘needed’ to see the eurusd chart! I am lost for words. Is it too early to call a tradeable bottom in gold? Maybe buy on a retest of 1268/74 zone.

  11. So is the dust starting to settle or have I just been blinded by so much of it!

  12. why do someppl here like to ‘show off’ their winners when they did not share their views earlier?

    i much prefer honest posts by eamon,for instance.

    cheerio.

  13. Hi Matt – I’m still coughing up dust, so not yet, no

  14. Thanks Eamonn

  15. any thoughts on the Nikki Eamonn……up a 100, but still in that tight 4 or 5 day range

    14,500 the cap so far

    moving quick uj back up 75 to 99 already, and eu off 75 from the high

  16. Hi MF
    In a word, no. Will have a look at it soon

  17. Hi
    I try to be a good trader. although I havent been up to know. well, I dont know it very well. I wish I would have access to a good training and signaling site.

  18. You’ve found it here Mohsen

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