Trade ideas thread to kick off the week – Monday 21 July 2014

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Good morning/evening/afternoon.

Any trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, 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. , how do you interpret the double doji in eur/usd? Any words of wisdom?

  2. All gbp pairs are expected to go down today.

    GU, GC, GA.

  3. Buy gold for a move towards $1360, 1380

  4. Hi Andrew – the eco fundamentals argue for a weaker euro, the funding/carry arguments call for a stronger euro. There is support on the daily chart not far below 1.3500. All coming after a few weeks of a net down swing and resistance now 1.3650/1.3700. Oh, and political tensions all over the place … put it all together and its not surprising there is doji ‘indecision’. Where to now? Who knows? (And, dare I say it …. who cares? Up, down … its all good.)

  5. Thinking about going long NZD because of interest rate hide expectation on Wednesday. Trying to figure out which pair is best and when to go long.

  6. Long GBPJPY at 173.25.

  7. Stay long AUD

    This is the week for AUD move up!!!


  9. Out of my GBPJPY long at 173.07, an 18 pip loss. Also, decided to short NZDUSD at 0.8713.

  10. Sell EUR USD at 1.3550 for 30 pips first then 1.3500,1.3485 and last 1.3465.SL 30 pips .In case we go above 1.3590 buy for 30 pips

    Keep in mind that EUR USD is due to a retrace starting tomorrow so do not chase any move lower than 1.3480-60 for now and wait for retrace.

    Sell stop GBP USD at 1.7090 for 30 pips first then 1.7030 and 30 pips SL.In case we go above 1.7130 buy for 30 pips.

    USD CHF buy at 0.8972 for 30 pips first then 0.9030 and 30 pips SL.If we go below 0.8930 sell for 30 pips.

    NZD USD sell at 0.8730 for 30 pips first then 0.8500 as a big drop will start tomorrow followed by 0.8400-0.8370 level where move will stall and bounce interesting.

  11. Forgot the AUD USD sell for many days starting today :) from 0.9380 for 30 pips first with 30 pips SL.Final destination on AUD USD will be Thursday and I hope to see 0.9300 by then


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