United Kingdom
Trading strategy
Technical analysis based on medium to long term trends.
Fundamental analysis based on a contrarian approach.
Biography
There are old traders and bold traders but not many old bold traders!

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

47 Followers
Write a Squawk to thewickedwiz
  • 2y
    thewickedwiz thewickedwiz
    The problem here is that Obama was opposed at every turn by the Republicans!
    So any failures are due to the Republicans but this is not recognised widely.
    Trump...
  • Squawk / 04 May 2016 at 20:37 GMT
    Hypothesis Testing
    United Kingdom
    Things are running behind schedule here so will forward charting tomorrow but suffice to say;
    Option A) We form a Head and Shoulders pattern(Monthlies used)
    Option B) We continue upwards.
    Monthlies suggest this month to be a basing pattern with the low as suggested but with the view that rallies are to be bought!! But the trading range is huge so scaled trades obviously but with your background I hardly need to talk about money management scenarios. You should probably be teaching me LOL.
    NOTE: ROCE and Rates of Change should be swift in the next 8wk period. (IMHO)
    Hope this fits with your stuff.
    Read the Squawk
    3y
    fxtime fxtime
    ok will retry when back home.
    2y
    fxtime fxtime
    Hi.....I am erring towards the view that we will have intervention on this pairing imminently. FWIW I suspect the 100 -102 range is the max stress JPY...
    2y
    fxtime fxtime
    As per emails to you when we attained 100.00 level....JPY target was 110.00 and now achieved....I expect some decent pullback but the underlying direction remains the same...
  • Squawk / 03 May 2016 at 16:34 GMT
    Hypothesis Testing
    United Kingdom
    Update on a prior strategy.
    This time for FX pairings and I have opted to give the lowest profitable result which happens to be the cable.
    Overall 610pips is the NET profit so say you traded a basic £10pp you would now be £6100 in profit. Remember the data assumes you only take the bare minimum of targetted points suggested where as a simple strategy of halving your trade and tightening the stop to b/e would have earned you far more.
    https://www.tradingfloor.com/posts/trading-a-break-in-highly-liquid-markets-7085684
    Read the Squawk
    3y
    thewickedwiz thewickedwiz
    Interesting point , I had thought that possible 1.17 ,BNP had been bullish on Euro quite low, they took it out at 1.16 .Ranges can be taken...
    3y
    fxtime fxtime
    I am no where near my home base systems but will email the two scenarios (charts) I am looking for. Enjoy the Northern climes :-)
    As we both...
    3y
    thewickedwiz thewickedwiz
    thanks
  • Squawk / 28 January 2016 at 20:20 GMT
    Managing Director / Technical Research Limited
    New Zealand
    Today’s poor durable goods data out of the US open up the possibility – although not probability - the first estimate of fourth quarter GDP number to be released at 13.30 GMT could come in negative. USD traders should be on the alert, just in case.

    But before that we have the Bank of Japan monetary policy statement. See preview https://www.tradingfloor.com/posts/no-change-from-the-boj-so-jpy-bears-beware-6949782
    Read the Squawk
    3y
    thewickedwiz thewickedwiz
    So does the rise in USD YEN change any views ?
    3y
    Patto Patto
    The vote by the BoJ to introduce a negative interest rate was a close one: 5 to 4. And negative 0.1% is not a big deal these...
    3y
    Max McKegg Max McKegg
    that's right Patto
  • 3y
    thewickedwiz thewickedwiz
    Almost everyone now doubts the USD rise!
    Goldman however still sees a Euro of .95 this year.
    The key is the USD index,a break above the 100 level is...
    3y
    Shazi Shazi
    euro usd 0.95 who month possibel
  • Squawk / 25 October 2015 at 0:36 GMT
    King of kings and Lord of lords Cuong Truong.
    United States
    EUR/USD is in a bear trap. Don't let this bear trap fool up. It will soon reverse and go past 1.17 level.
    Read the Squawk
    3y
    thewickedwiz thewickedwiz
    Hi so basically you are selling some currency prediction service.
    Could you be a bit more precise about where we will bottom out please.
    As much as I would...
  • Squawk / 07 October 2015 at 17:23 GMT
    -
    United Kingdom
    Have been away but this feels like equities made a secondary high today on the quite amazing rally.
    Banks and Brokers are out in force to try and tell people to buy equities.
    In my humble opinion we have started a long bear market in equities.
    Read the Squawk
    3y
    fxtime fxtime
    Suggest caution with the mainstay markets. The week after expiry is often volatile especially for obvious reasons in Oct. Although most indicators suggest we are in a...
    3y
    fxtime fxtime
    Your 7th October comments come back to the fore....amazing rally and everyone bullish etc....too many indebted economies for the rally to hold medium term imho.
    3y
    fxtime fxtime
    PUT/CALL ratios drop to 0.6 on spx near dated. Last year Aug 10th we dropped to 0.56 and look what followed .....trade cautiously mate.
  • Article / 22 September 2015 at 14:33 GMT

    FX Board: JPY thrives amid weak risk sentiment

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: JPY thrives amid weak risk sentiment
    The risk-off sentiment worsened further today, boosting the Japanese yen across the board. The euro, meanwhile, remained relatively weak in contrast to recent negative correlation with risk appetite. Elsewhere, AUD was among the day's weaklings.
    Read the article
    3y
    thewickedwiz thewickedwiz
    Yen is not as weak as it could be with these equity markets.
    Many top European shares are down 30 to 50 per cent.
    If we crash say another...
    3y
    thewickedwiz thewickedwiz
    sorry correction..read Yen is not as strong as it could be!
  • Squawk / 18 September 2015 at 16:53 GMT
    -
    United Kingdom
    The next instalment of the equity breakdown is now unfolding.
    The thing to watch is the correlation between the Euro and equities.
    In my view this is beginning to fade!
    If stocks crumble by say 20 per cent and we only get the Euro up at 1,17 then it is buy the USD like crazy.
    Soon the Japanese will panic and do more easing, and then one can buy USD against Yen as they slide into chaos.
    Read the Squawk
    3y
    yuiyui yuiyui
    I think maybe the high USD might have been a big motive behind FED holding off on rates. There is Euro bond buying going on right now...
    3y
    fxtime fxtime
    LOL my 1.15 order wasn't filled...missed by 5pips LOL....I will leave the GTC order to run but expect a further pullback at the moment....how far is dependent...
    3y
    fxtime fxtime
    Interesting inflection point now it seems :-)
  • 3y
    John Shaw John  Shaw
    LOL. Great piece Mike. Thanks for sharing.
    3y
    BallsDeep BallsDeep
    Mike, What's your Best Trade for this week ahead ?
    3y
    Michael O'Neill Michael O'Neill
    Long EURCAD idea, coming up
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail