Trade ideas thread

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Good morning/evening/afternoon. I find standing up at the desk prevents me from dropping off to sleep on days such as this. On the other hand, going back to bed is very tempting.
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. Buy on dip Kiwi$

  2. Hi Eamonn, when can we expect this ‘holiday’ trading to end?

  3. Hi Ed – the day after US Labor Day the markets should start to return to normal

  4. Looking for eur/usd to rise.

  5. Egypt is escalating…not new news and on-ongoing…but could we see a flight to gold (the dang thing) & USD…

  6. Can anyone confirm if they see nzdusd rejection from the 100dma on the daily? My platforms charts have this but on it is 20 pops away. Thanks

  7. The pre market futures are S&P -3.30, NASDAQ -15.25 and DOW -43 at 7:00 PM EST.We can expect a lower opening if things don’t change. I think that the Fed is doing what they want ,that is to try and unwind the excess in the market ,before it gets out of control.I think as least temporally the S&P has seen its top.It may be wise to take some money off the table and err on the side of caution,but that is an individual choice as the market does what it does.I still expect the US dollar to trend higher longer term.

  8. Gold, buy stops above 1350, s/l 1333.

  9. Shorted AUD/USD from 0.9155. I see the 300 pip rise from 0.8850 as a very good medium-term selling opportunity. Aiming for 100+ on this.

  10. The audusd retracing for 100 has happened already. You’re about to feel a good short squeeze.

  11. @TheTrueHeir: I get in trouble when I think first about potential and second about risk. You? What’s your puke point?

  12. Puke point is 0.9255. I don’t feel comfortable siding with the majority of retail traders. Correct me if I’m wrong, but from what I see on FF & Oanda, long positions still heavily outweigh shorts.

  13. Fair enough. Puke point published and acknowledged. I don’t have a dog in this hunt, but I think that most of the shorts have been … well … puked. So, I’d be hesitant about a long here. (There were a *lot* of shorts.)

  14. I’m alive and well! Leading up to the US data the sentiment on forexfactory was overwhelmingly bullish. Majority of the forum was unanimously determined that A/U would break 0.93. As I said, I never like to be one with the masses. Lots of AUD/USD longs blowing up right now. Hope everyone on here made some good money off USD longs…I know I did!

  15. Enjoy, but never, ever gloat. The market looks for gloaters. And it looks to punish them. :)


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