OxyGen FX Trading Journal

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{quote} NY session opens No fanatic selling. No follow thru for 8am spike. Recap, Majors made yearly highs on 1st Sep, and then starts to fall for 5 trading days. Would like to assume that a short term top(s) were made on 1st Sep for all Majors. (Short term, maybe a least 2 weeks or so) This pre-NY spike might just be significant enough to start "sell rallies" in a bear trend. Of course, there might be another small leg up, hence will be cautious and to add position. TRADE UPDATE: New trades Building shorts position for EURUSD, EURJPY. AUDUSD EURUSD...

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Quoting OxyGen_FX

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{quote} TRADE UPDATE Short AUDUSD, still active Short EURJPY, still active Short EURUSD, still active Long USDCHF (new trade) USDCHF has made new 5-year low on 18th Aug and 1st Sep, touched and bounce off 0.90 figure. CHF is prone to intervention to weaken it (althought the main target by SNB is EURCHF, not USDCHF). The 0.9180 pink line is the two (huge spike) bottoms made in Feb2018 and Mar2020. {image} Events: Thu Euro rates decision, Fri ECB President speech, on-going BREXIT, on-going US-China trade, on-going tech-stocks selling, on-going iron/gold/oil...

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDUSD short, still active EURJPY short, still active EURUSD short, still active NZDJPY short, (new trade, see below) USDCHF Long, still active Asia session was muted, pairs ranged within like 20 pips. Europe and London started to see some selling. I had short EUR, so hopefully the market will have some selling/take-profit/capitulation of EUR dollar before the rate decision. Risk Event: (NY time 7.45am) Euro rate decision, (NY time 8.30am) ECB speech and same time for US Core PPI & also Unemployment claims. On-going BREXIT,...

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDUSD short, still active, but at - 20 EURJPY short, still active, but at -60 (shocking!) EURUSD short, still active but at -60 (shocking!) NZDJPY short, still active but at -20 USDCHF Long, still active but at -60 (shocking!)

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDUSD short, still active, at +5 EURJPY short, still active, but at -10 EURUSD short, still active but at -10 NZDJPY short, still active, at +20 USDCHF Long, still active but at -35 Will hold on to it, will not add more, and see what happens after Asia.

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Quoting OxyGen_FX

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TRADE UPDATE: (New trades, small positions, since start of Asia. Market stagnant since start of Asia)
AUDUSD Long, new,
EURJPY Long, new
EURUSD Long, new
NZDJPY Long, new
USDCHF Long, from last week.

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: New Trades, now 3hrs after London open, small positions. Please dun let this be another whipsaw Monday. (Note: excluded EURJPY and NZDJPY, as they still seemed bullish to me. Added in AUDJPY. Spreading out the risk) AUDUSD short AUDJPY short EURUSD short NZDUSD short USDCHF Long, from last week

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: Sadly it is just not my day... The moment shorts trade was entered, it spiked up. Decided to close all, and step back and re-assess. I admit I was kind spooked when it spikes. (roll eyes...) Will wait for NY session. AUDUSD short, closed loss -10 AUDJPY short closed loss -5 EURUSD short, close loss -20 NZDUSD short, close loss -10 USDCHF Long, from last week, close loss -50

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: new trades, small position, never say die. AUDJPY short, new AUDUSD short, new EURUSD short, new NZDUSD short, new
Re-cap, my weekend analysis indicates bullish for most pairs, and the "mature rally" warning is being classified as 2nd tier. Hence Monday Asia went Long. But Asia stagnant and London drift lower, I got spooked and close with losses. Then switched to shorts and market immediately spike up. . I got spooked again and closed quickly. Stood aside for the rest of the day. The market was consolidating,...

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Quoting OxyGen_FX

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TRADE UPDATE: new. AUDUSD short, target 0.7225 EURUSD short, target 1.18, 1.1750 NZDJPY, short, target 70 NZDUSD short, target 0.6650

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDUSD short, added another, still active at nett +20 pips, target 0.7225 EURUSD short, still active at + 35 pips, hit 1st target of 1.18, next is 1.1750 NZDJPY, short, still active, +10 pips, target 70 NZDUSD short, still active at -15 pips, target 0.6650 .

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: (In addition to those in previous post) AUDJPY short, new, target 76 figure. Just enter prior to RBA. Will see what happens later for RBA. AUDJPY has sort of broke below a 2-month rising channel. {image}

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDJPY short, still active, added another after RBA spike, now nett +40, target 76.00 AUDUSD short, still active, nett +60 pips, target 0.7225 EURUSD short, closed for +100 after breaking 1.1750 NZDJPY, short, still active, +50 pips, target 70 NZDUSD short, still active at +25 pips, target 0.6650 EURUSD fell below 1.1752, to create a technically valid Lower High on 10th Sep (1.1798) and a valid Shoulder-Head-Shoulder. Will totally exit this trade and wait for opportunities to sell into rallies. {image}

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDJPY short, closing the original (at 76.47) for +10pips, and retain active the one entered later at the RBA spike (at 76.73). AUDUSD short, still active, nett +50 pips, target 0.7225 NZDJPY, short, still active, +40 pips, target 70 NZDUSD short, still active at +20 pips, target 0.6650 AUDJPY, 1hr chart. {image} AUDJPY on a bigger picture, Daily, sees it broke below rising channel. The next visible support is at the 75.60 area and the 75 figure. {image}

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Quoting OxyGen_FX

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{quote} TRADE UPDATE: AUDJPY short, close early now for +55 pips althought original target is 76.00. (see screen shot) AUDUSD short, still active, nett +50 pips, target 0.7225 NZDJPY, short, close early now for +65 pips althought original target is 70 figure (see screenshot) NZDUSD short, still active at +20 pips, target 0.6650 {image} {image}

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