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EurUsd: As we said above we locked the positions between 1.0700 and 1.08000 (dashed line is an alarm) helped as expected by Draghi speech this morning. We are very badly positioned on the lower range (1.07-1.06). The 3 positions below 1.0650 are dangerous and can generate quickly significant...

AUD Trade AudJpy: Since we are now covered with the EurAud trade we are preparing to reenter on AudJpy if we have a pull back around 89.13 (maroon line). We still don't have a better picture on JPY but since the Jpy was weak vs Aud even when the Yen was rallying vs the USD yesterday during...

Busy day cos tomorrow is front month expiry day and I trade options on stocks through another Experience. We startes with a $3K account on Sept 22nd and we are now like $6.6K banked in. Options traded as a substitute for stocks (not for vola.) are less time consuming and way simpler than Forex...

EurAud: We closed ALL making 144 pips on the pair, but hindering our attempt to establish an AUD trade. We don't like the JPY pulling back vs USD after the ECB minutes. We need a better picture on JPY.

EurAud: We locked the 3 lower positions because we are heavily exposed on Eur.Usd while the USD is sold during repositioning with short squeeze risk. The Stop is above 1.4950

AudJpy: We locked the upper position because the BOJ conference this morning didn't give any clues about their intentions. The JPY is bid vs the USD even though it's due to active repositioning we can see some flows on the pair. Furthermore this level can generate significant pull back...

GbpUsd : Yesterday we warned about the repositioning that will take place until the Data due this morning GMT. We used it on intraday to to sell another -100k. How to tell between a repositioning and a real reversal: Even though a ranging GbpUsd is possible, a GBP bid vs the USD is just a...

Forex Daily Recap GBP Trade: Our GbpUsd pending was filled around FOMC minutes. We warned about the re-positioning taking stops out, it will continue until the Econ Data (retail sales) due tomorrow. We hold the lower position. EurUsd We were filled as planned. AUD trade: EurAud...

EurUsd: As we said adding on second Maroon line pull back -50K at 1.0630. Pending -50k at 1.0646 We will assist at some heavy positioning prior to the FOMC minutes release. Careful with your stops.

GbpUsd: Added -50K and pending -50K at 1.5240 This is tricky since no clear consensus on GBP direction. Here we are driven by the USD rather than the GBP. The risk is always way bigger when initiating a trade. Since the pair is probably going to continue ranging, 25K increments in the upper...

Forex: About timing : Look at this picture posted on twitter, was pending at 1.3995 because the KO at 1.40 was too well documented to be taken out (had to enter lower). Spot the price and date on the weekly chart below. Just to say how a big barrier can resist even if the whole world needed...

On daily char-t you can see that our orders are always concentrated around big End Of Day S/R and rounded numbers mainly when we initiate a new trade. This is where we find big liquidity clusters needed by specs and real money so they can be filled without pushing the price against themselves. A...

Ok, Why entering at these last 3 levels on EurAud : The 12th Nov candle went looking for liquidity below 1.50 cleaning 1.52-1.50 range and the stops below 1.50. This create a liquidity desert bringing back the price around 1.52 with few buyers mainly techs playing some kind of setup. After that...

EurAud: The pending was filled we will lock the positions after the likely pullback around 1.4900

EurUsd: We added as we said in the quote above 2x-50K around the first pull back level. We want here to warn that now the pair is heavily sold by the majority of the participants therefore we can have massive short squeezes in case of any bullish event.

AudJpy: Added +50K (real time updates @neoflytox)

EurAud: Pending sell -50k at 1.5020 ahead of the German Zew.

GbpUsd: In our search of a third trade (Euro and Aud being the 2 others), we are trying to initiate the first positions on GBPUSD. Why GBP: At first we thought that the BOE tactics to weaken the GBP during the Super Thursday were not going to resist good macro data for long. The Macro data...

EurAud: EurAud is one of the pairs of our AUD trade (alongwith AudJpy). We were dragged north during the SPX sell off but protected partially by our higher position which was never reached. Our view on AUD is a bit blurry, meaning we are more and more neutral and the incentives that drived...

EurUsd: This morning EZ (Eurozone) CPI was a non event and Draghi speech was cancelled probably because of the sad events in France. We will probably have a significant pullbacks around 1.0663 and 1.0626 (Maroon lines), and we will add during these (follow @neoflytox for real time updates).