7/16 New York Session
Current Open Positions
GBP/USD Short at 1.71258/TP 1.70888
GBP/AUD Short at 1.82948/TP 1.82118 (Moved to the .236)
AUD/JPY Long at 95.181/TP 95.492
Pivot Point Based Entry Orders
GBP/USD short addition; USD/JPY long entries deleted.
Long-Term GTC Non-Pivot Point Based Entry Orders
EUR/AUD short at 1.48635
GBP/NZD short at 1.98507
EUR/NZD short at 1.61901
Usable Margin: 97.51% Usable Maintenance Margin: 95.02%
Current Position/Leg Size .5 x equity/.5% Margin
Other Notes
Unfortunately, nothing hit its TP last night. AUD was initially somewhat depressed but appears to have regained some of its lost ground, moving my AUD/JPY long position into slightly positive territory and my GBP/AUD short to nearly break even. The GBP/USD is hovering ten pips north of my sell entry between the pivot and the .618 line where has settled for the past few hours.
I have deleted the GBP/USD short addition and the USD/JPY long entry orders, as I don't think price will hit the specified levels by the end of the NY sesh.
At the end of the New York, I will again look at adding to the currently open positions and thinking about a few new ones. As with yesterday, however, there are likely to be slim pickings. This is because I am in GBP (2x), USD (1x), AUD (2x), and JPY (1x). I definitely don't want to be entering another GBP or AUD position, focusing instead on EUR, CAD, or CHF. I am waiting on the RBNZ's rate decision coming up this following week to revisit trades in the kiwi.
So my possible combo's might be EUR/USD (since USD is only represented once in my current mix), EUR/JPY (JPY is currently only represented once), EUR/CAD, CAD/JPY, USD/CAD (USD only represented once in current mix), EUR/CHF, or CAD/CHF.
However, if you're not in AUD already, you may want to have a gander at EUR/AUD (a short of this from the .764 would have been the better play yesterday than the AUD/JPY long; it hit the .764 and has retraced through the .236, which would have been a 30 pip + rip):
This, in fact, has been one of my favorite pairs to play recently due to its both short- and long-term range characteristics. Once I am able to exit my current AUD positions, I'll naturally revisit that pair and consider deleting my long-term play to take advantage of this pair's nice, rangey intraday movement.
See you at the end of the New York session ... .
Current Open Positions
GBP/USD Short at 1.71258/TP 1.70888
GBP/AUD Short at 1.82948/TP 1.82118 (Moved to the .236)
AUD/JPY Long at 95.181/TP 95.492
Pivot Point Based Entry Orders
GBP/USD short addition; USD/JPY long entries deleted.
Long-Term GTC Non-Pivot Point Based Entry Orders
EUR/AUD short at 1.48635
GBP/NZD short at 1.98507
EUR/NZD short at 1.61901
Usable Margin: 97.51% Usable Maintenance Margin: 95.02%
Current Position/Leg Size .5 x equity/.5% Margin
Other Notes
Unfortunately, nothing hit its TP last night. AUD was initially somewhat depressed but appears to have regained some of its lost ground, moving my AUD/JPY long position into slightly positive territory and my GBP/AUD short to nearly break even. The GBP/USD is hovering ten pips north of my sell entry between the pivot and the .618 line where has settled for the past few hours.
I have deleted the GBP/USD short addition and the USD/JPY long entry orders, as I don't think price will hit the specified levels by the end of the NY sesh.
At the end of the New York, I will again look at adding to the currently open positions and thinking about a few new ones. As with yesterday, however, there are likely to be slim pickings. This is because I am in GBP (2x), USD (1x), AUD (2x), and JPY (1x). I definitely don't want to be entering another GBP or AUD position, focusing instead on EUR, CAD, or CHF. I am waiting on the RBNZ's rate decision coming up this following week to revisit trades in the kiwi.
So my possible combo's might be EUR/USD (since USD is only represented once in my current mix), EUR/JPY (JPY is currently only represented once), EUR/CAD, CAD/JPY, USD/CAD (USD only represented once in current mix), EUR/CHF, or CAD/CHF.
However, if you're not in AUD already, you may want to have a gander at EUR/AUD (a short of this from the .764 would have been the better play yesterday than the AUD/JPY long; it hit the .764 and has retraced through the .236, which would have been a 30 pip + rip):
This, in fact, has been one of my favorite pairs to play recently due to its both short- and long-term range characteristics. Once I am able to exit my current AUD positions, I'll naturally revisit that pair and consider deleting my long-term play to take advantage of this pair's nice, rangey intraday movement.
See you at the end of the New York session ... .
Fireworks are fun ... as long as you don't blow your fingers off.