luke

NZDJPY Setup

NZDJPY Setup

Current Trade Set Up on the NZDJPY I don’t usually trade the NZDJPY but here is a great setup for a potential big move down on the daily. Wave 4 hit target zone, we have a momentum shift, fundamental data fits and plenty of room on the downside. Let’s let the chart do the talking!   Luke...

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A Technical View Briefing

A Technical View Briefing

Technical Strategy Brief. My current fundamental view for this week 29 July 13:  Unchanged from previous week. USD – Long    JPY – Short GBP – Short    EUR – Short AUD – Strong Short Long:  USDJPY Short:  EURUSD, GBPUSD, AUDUSD One strategy I use combines Elliott Wave, Fibonacci and the Awesome Oscillator.  Without going into too much detail I trade the 5th wave mostly on the...

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Fundamental View Part 2

Fundamental View Part 2

MY VIEW for 12 July 2013 The focus of my fundamental view is based on 5 major currencies (USD, EUR, GBP, AUD & JPY).  So from my previous blog MY current (12 July 2013) fundamental view & why of each currency is as follows: USD – Long – US Fed Reserve tapering.  US Economy on the improve. EUR – Short – Possibility to reduce interest rates to ‘0’. GBP – Short – Bank of...

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At the beginning there was a plan…

At the beginning there was a plan…

A daily fundamental view to making you a better trader (step by step)   You need to develop your OWN view on which way you think the market is going.  Whether it is right or wrong it doesn’t matter as long as you own it.  Why?  Because you will learn more and you are probably more likely to listen to what you have to say!   Step 1:  Check out the last 20 minutes of the US Session...

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Luke Macumber

Luke Macumber

My passion in life has been greatly defined by my experiences in trading the markets.  My journey began many years ago trading the equities market in Australia, progressing into options, cfd’s, futures & FX.  I was immediately hooked and my life long love affair with trading began.   I’ve been trading the currency market since late 2007 and am currently working as a Proprietary Trader...

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