Going long with bullish pressure on EURUSD and setting up a buy stop on AUDNZD if previous high is broken.
Got in a EURUSD long this morning. Not quite a perfect signql but with ECB announcement on the docket the R:R ratio could be interesting. Stopped out on the massive swing following Draghi’s announcement.
Shorting GBPAUD as a signal appears on H4 timeframe.
A signal appeared on EURCAD, going short for Feb’s last trade.
There is absolutely no signal on the radar. A little hesitation on GBP/JPY (short) this morning but markets have been so much in a range for the past weeks, best to stand aside and remain patient.
A long signal on AUDNZD this morning. We’re out of the kumo and the 21 EMA is trending nicely. Latest fractal allows for a nice tight stop loss placement.
Going short, a trade setup on AUDNZD has appeared, trend is down, price is below cloud, Kijun and EMA trending down, stop loss at previous fractal, low risk 0.9%.
All trades entered this morning were stopped out during the day, all trends initiated at the end of last week reversed.
Each trade was taken with a very low level of risk, around 0.7 to 0.8% by trade so the loss for today is around 2.1 to 2.4% of my account.
No worries, keep looking for the winners that will make the month, as usual. No revenge trading, no emotions around these losses, they are just what I consider as “my cost of operation”. If I were a startup company these losses would just be the operating costs for Feb.
Good morning, I have to entries this morning.
One on NZDJPY and the other on CADJPY (see graphs) :
To know more about my methodology, read about it here.
The trade was going south, ahead of the weekend I exited manually to keep from being exposed to weekend swings and book a small profit.