United Kingdom
Trading strategy
Intraday momentum and/or range-breaking strategies
Biography
Steve spent twenty years as a trader in the foreign exchange, fixed income and equity markets for Commonwealth Bank of Australia. In the early stages of his career he was a market-maker and arbitrager, which led to running trading and sales at offices in Los Angeles and then New York. During this period, as a prop trader and running the bank’s capital, Steve used technical and statistical analysis extensively, and he brings a trader’s perspective to all his analytical work. More recently he co-founded PIA and is now co-owner of 3cAnalysis.

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690 Followers
Write a Squawk to Steve Lucas
  • Squawk / 13 December 2018 at 6:48 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    USDCHF - Capped by Key Average, .9862 potential
    Two of yesterday's upside targets were met as the rally from Tuesday’s 8 week lows extended. But these gains failed above the 13 day mvg avg and a Marabuzo line created Dec 6th. The pullback from the highs left USDCHF with only minor net movement – an indecisive ‘Doji’ pattern. But it is the upside rejection that we look to as the backdrop to Thursday’s price action.
    So we look to Sell in .9935/40 area and any .9967 rally
    Targets are .9905, .9889 or even .9862
    The stop is .9991 bid
    Closes 4pm London time
    Read the Squawk
    14 December
    mehanik mehanik
    This is just the beginning.
    14 December
    mehanik mehanik
    Sorry, I do not speak English
    14 December
    mehanik mehanik
    I've been at Saxo Bank for 15 years
  • Squawk / 11 December 2018 at 6:44 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    USDCAD - Supported by key Average and Marabuzo line
    Friday’s downside failure at a daily Marabuzo line left the immediate outlook for this week unclear. That situation has yet to be clearly resolved but Friday’s net losses were regained after buyers were again seen near that Marabuzo line (Dec 5th) and the 13 day mvg avg. Until/unless last week's top is breached signals for sentiment cannot be strong but a close near the highs ensures that our technical studies have a positive bias.
    So we look to Buy in 1.3400/05 area and any 1.3363 dip
    Targets are 1.3427, 1.3445 or even 1.3487
    Stop is 1.3328 offered
    Closes 4pm London time
    Read the Squawk
    14 December
    mehanik mehanik
    Hi Alan long-term buy
  • Squawk / 05 December 2018 at 6:39 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    GBPUSD - Upside Rejection to Deepen
    Trading as volatile yesterday with our original negative forecast ‘stopped’ by a strong early rally. But this upside failed to be maintained above the 13 day mvg avg and, although the lows were also not held, it is the failure above that average that leaves our intraday technical signals for sentiment bearish. Caution needs to be applied to cope with volatility that remains but sentiment remains assessed as negative.
    So we look to sell in 1.2685/90 area and on a 1.2711 rally.
    Stop is 1.2747 bid
    Targets 1.2647 and 1.2626.
    Closes 4pm London time
    Read the Squawk
    05 December
    marran marran
    im in on this, i think the only way for gbp is down over the next few weeks
    05 December
    marran marran
    well no cigar!
    14 March
    GloriaAtkinson GloriaAtkinson
    Im on this
  • Squawk / 04 December 2018 at 6:48 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    EURUSD - Asian gains to temporarily extend
    Against a background of bearish weekly signals for sentiment Monday’s price action did not provide clear direction. The market fluctuated around the important 13 day mvg avg with both initial demand and subsequent downside not held. This means that caution needs to be applied for Tuesday but, although there remains the concern of a Bearish Evening Star pattern in the background, Asian demand gives our immediate technical studies a positive bias.
    We look to Buy in 1.1375/80 area and any 1.1350 dip
    Stop is 1.1305 offered
    Targets - 1.1396, 1.1412 and 1.1434
    Closes 4pm London time
    Read the Squawk
    05 December
    mehanik mehanik
    Hi Alla on the monthly chart in descending
  • Squawk / 22 November 2018 at 6:49 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    USDCAD - Bearish & Sell 1.3266 Rally. Stop 1.3298
    USDCAD failed to build upon Tuesday’s powerful gains yesterday. Instead profit taking above 1.3300, and at overbought extremes, dominated the day’s price action. The resulting decline took the currency pair back to Tuesday’s Marabuzo line. The fact that that point held compromises negative sentiment to a degree but our technical signals are left bearish.
    so we look to sell in 1.3230/35 area and any 1.3266 rally
    Stop is 1.3298 bid.
    Targets- 1.3201, 1.3170 or even 1.3127
    Closed 4pm London time
    www.3cAnalysis.com
    Read the Squawk
  • Squawk / 12 May 2018 at 18:52 GMT
    Hi,

    I hope you are fine,Im Stephanie by name please kindly email me at stephaniesaib2@gmail.com i have an important urgent information to give You. Hope to read your mail. Thanks
    Read the Squawk
  • Trade view / 12 December 2017 at 6:55 GMT
    Day trade
    /
    Buy

    USDCHF sentiment positive, supported by key average

    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    Friday’s upside rejection deepened yesterday, against a background of positive weekly sentiment. Losses were solid, but they lacked the momentum to test the key 13 day moving average. That failure should set the tone for Tuesday’s trading.
    Read the Trade View
    1y
    jcsousa jcsousa
    Thanks Alan for the idea, despite the dip it is going on. Harrison, i agree with you
    1y
    AlanCollins AlanCollins
    Back above 20 and after buying at .9897 I'd suggest reducing longs here with a stop raised to .9889
    1y
    Harrison Dauglas Harrison Dauglas
    yes Sir Alan, having gone above 20, i am targeting Friday high though, market condition/health prior to there, calls for action to take
  • Trade view / 08 December 2017 at 8:35 GMT
    Day trade
    /
    Buy

    Bounce from key average points higher still for GBPUSD

    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    Trading was volatile in cable yesterday. Sold to lower levels for a 4th day in a row prices below the 13-day moving average found buyers for a third day in succession. This time that buying was aggressive and prices rose more than 1½ big figures to ensure that the market remained above the 13-day line. That emphasises a positive tone, continued in Asia, that we look to keep going during Friday.
    Read the Trade View
    1y
    jcsousa jcsousa
    I've tried to get in but the price already climb above 1,35. Let's wait, maybe he come to the entry price mentioned. Thanks Alan.
    Btw I've sent...
  • 1y
    alki alki
    I was a little late to the party but still a good one!
    1y
    Cesime Cesime
    To you all wishing a happy xmas and a new year full of health and pips .
  • 1y
    jcsousa jcsousa
    Of course, so kind from you share your ideas. Thanks.
    1y
    TradingFan TradingFan
    Alan, just to say "Thank you". I've been waiting late for a nice call!
    1y
    AlanCollins AlanCollins
    Thank you TradingFan
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