Monthly Archives

May 2017

Last Week’s Two Trade Ideas Yield 484 Pips

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Last week’s EURUSD buy trade +276 pips; and USDJPY sell trade +208 pips

Here was last’s week’s post:

TRADE VIEW

  • Bullish JPY
    • Possible “risk off” scenario brewing
      • Dow was down every day last week
      • Nikkei was down on Wed Thurs Fri
      • Dovish statements from UK and NZD Central banks
  • Bearish USD
    • US 10-year bond down 7 basis points on Friday
    • US core CPI drops for the second month in a row
    • Weak and lower than expected US retail sales on Friday
    • President Trump stirring up a lot of controversy
  • Bullish EUR
    • Technical
      • Strong comeback on Friday following a disappointing week

 

TRADE IDEA – Sell USDJPY and Buy EURUSD

How to take advantage of leaked UK economic news releases

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Today’s retail sales release is another clear example of the recent pattern of the GBP price foretelling the UK news to follow. Seems about 30 minutes or so before the UK news release the GBP starts to go:

 

 

 

 

I think buying a limited risk binary option with expiry just minutes after the news in the direction after 9am for a 9:30am news release is a reasonable strategy. Slippage is not an issue due to the nature of binaries.

BTW I know binaries have a bad reputation but even some poisons have good medical applications.

Best  Jimmy Young

 

EURUSD looks good and USDJPY looks bad to start the week (May 15, 2017)

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TRADE VIEW

  • Bullish JPY
    • Possible “risk off” scenario brewing
      • Dow was down every day last week
      • Nikkei was down on Wed Thurs Fri
      • Dovish statements from UK and NZD Central banks
  • Bearish USD
    • US 10-year bond down 7 basis points on Friday
    • US core CPI drops for the second month in a row
    • Weak and lower than expected US retail sales on Friday
    • President Trump stirring up a lot of controversy
  • Bullish EUR
    • Technical
      • Strong comeback on Friday following a disappointing week

 

TRADE IDEA – Sell USDJPY and Buy EURUSD