Good Morning Asia session traders!
Much has happened since the last post. Been too busy and tired with other things to trade and to write properly.
Joe Biden finally won the US Presidential Election over the weekend, after many days of delayed vote counting. The Congress fight is still on, but there will be no real winner as both sides already secured about 49% each. Equal footing. Nothing will ever get passed. Status quo, especially for taxes. It is precisely this scenario that causes the market to rally.
NFP last week. What’s NFP? LOL
Monday was eye popping. With the POTUS results already expecting a rally (which was quite mild), but in came BioNtech/Pfizer with a super optimistic announcement regarding their COVID vaccine, pre-US opening. DJIA Futures soared 1500 points, 5% worth, within minutes after this news.
TRADE UPDATE:
As previously mentioned, these are all small positions.
I am just a hobby trader, neither a pro nor have deep pockets.
Most of the trades were made (or closed) via mobile app.
All pip figures and rationale are approximates, as I try to remember.
Not my best these few weeks, I have to admit.
AUDJPY [email protected], still active
AUDJPY [email protected], closed for loss -25 pips when hit 75 figure
New, AUDJPY [email protected] (shorting this Pfizer rally)
CADJPY [email protected], closed for +20 pips before the weekend, as it seemed unable to break below 79.00 thrice
EURJPY [email protected],
New, EURJPY [email protected] (shorting this Pfizer rally)
EURUSD [email protected], still active
New, EURUSD [email protected] (made last week)
GBPJPY [email protected], closed for +5pips, closed last week
GBPJPY [email protected], close for +115 pips, closed last week
(both closed together, last week, when price dip nears 135 and I was expect a bounce of some sort)
GBPUSD [email protected], closed for loss -60 pips when 1.30 re-taken by Bulls.
NZDUSD [email protected], still active
NZDUSD [email protected], still active
IN SUMMARY of the above
AUDJPY [email protected], still active
AUDJPY [email protected] , still active
EURJPY [email protected], still active
EURJPY [email protected], still active
EURUSD [email protected], still active
EURUSD [email protected] , still active
NZDUSD [email protected], still active
NZDUSD [email protected], still active
THIS WEEK
For ease of writing, I am labelling the price action as such.
Election rally: From 2nd Nov 2020
Pfizer rally: From 9th Nov 2020
CURRENCY PAIRS SUMMARY
AUDJPY: The Election Rally is further boosted by Pfizer rally (200 pips), and now pausing below a long term falling line that starts from Nov 2014.
AUDUSD: The Election rally is further boosted by Pfizer rally, and may challenge the Yearly high made on 1st Sep. (Affected by the price of iron, gold rates (now 0.1%) and risk sentiments)
EURJPY: The Election rally was mild but was mega boosted by Pfizer rally (200pip), hitting 125 figure
EURUSD: The Election rally threatened to challenge the Yearly high made in 1st Sep, but the Pfizer news sent this pair down. (Affected by ECB tools including further rate cuts, and the emergence of COVID 2nd wave infections.
GBPJPY: The Election rally was mild but was mega boosted by Pfizer rally (350pips) to pause at the 138.30 zone,
GBPUSD: The Election rally was haunted by the Pfizer news, although bulls gain the upper hand by conquering 1.30. (Affected by BREXIT and COVID new curfew.)
NZDJPY: The Election rally was mild but was mega boosted by Pfizer rally. (150pips) It now paused below the upper limits of a large (rising?) channel that started from June 2020.
NZDUSD: New Yearly high made, when Election rally was mega boosted by Pfizer rally. (Affected by improving COVID situation in NZ).
USDCHF: The Election causes a dip to finally break below 0.90, but was reversed up by Pfizer (USD-strengthening). Traditional safe haven currency but prone to intervention.
USDJPY: The Election causes a dip to finally break below 104, but was reversed up 250 pips by Pfizer (USD-strengthening).
Much has happened since the last post. Been too busy and tired with other things to trade and to write properly.
Joe Biden finally won the US Presidential Election over the weekend, after many days of delayed vote counting. The Congress fight is still on, but there will be no real winner as both sides already secured about 49% each. Equal footing. Nothing will ever get passed. Status quo, especially for taxes. It is precisely this scenario that causes the market to rally.
NFP last week. What’s NFP? LOL
Monday was eye popping. With the POTUS results already expecting a rally (which was quite mild), but in came BioNtech/Pfizer with a super optimistic announcement regarding their COVID vaccine, pre-US opening. DJIA Futures soared 1500 points, 5% worth, within minutes after this news.
TRADE UPDATE:
As previously mentioned, these are all small positions.
I am just a hobby trader, neither a pro nor have deep pockets.
Most of the trades were made (or closed) via mobile app.
All pip figures and rationale are approximates, as I try to remember.
Not my best these few weeks, I have to admit.
AUDJPY [email protected], still active
AUDJPY [email protected], closed for loss -25 pips when hit 75 figure
New, AUDJPY [email protected] (shorting this Pfizer rally)
CADJPY [email protected], closed for +20 pips before the weekend, as it seemed unable to break below 79.00 thrice
EURJPY [email protected],
New, EURJPY [email protected] (shorting this Pfizer rally)
EURUSD [email protected], still active
New, EURUSD [email protected] (made last week)
GBPJPY [email protected], closed for +5pips, closed last week
GBPJPY [email protected], close for +115 pips, closed last week
(both closed together, last week, when price dip nears 135 and I was expect a bounce of some sort)
GBPUSD [email protected], closed for loss -60 pips when 1.30 re-taken by Bulls.
NZDUSD [email protected], still active
NZDUSD [email protected], still active
IN SUMMARY of the above
AUDJPY [email protected], still active
AUDJPY [email protected] , still active
EURJPY [email protected], still active
EURJPY [email protected], still active
EURUSD [email protected], still active
EURUSD [email protected] , still active
NZDUSD [email protected], still active
NZDUSD [email protected], still active
THIS WEEK
For ease of writing, I am labelling the price action as such.
Election rally: From 2nd Nov 2020
Pfizer rally: From 9th Nov 2020
CURRENCY PAIRS SUMMARY
AUDJPY: The Election Rally is further boosted by Pfizer rally (200 pips), and now pausing below a long term falling line that starts from Nov 2014.
AUDUSD: The Election rally is further boosted by Pfizer rally, and may challenge the Yearly high made on 1st Sep. (Affected by the price of iron, gold rates (now 0.1%) and risk sentiments)
EURJPY: The Election rally was mild but was mega boosted by Pfizer rally (200pip), hitting 125 figure
EURUSD: The Election rally threatened to challenge the Yearly high made in 1st Sep, but the Pfizer news sent this pair down. (Affected by ECB tools including further rate cuts, and the emergence of COVID 2nd wave infections.
GBPJPY: The Election rally was mild but was mega boosted by Pfizer rally (350pips) to pause at the 138.30 zone,
GBPUSD: The Election rally was haunted by the Pfizer news, although bulls gain the upper hand by conquering 1.30. (Affected by BREXIT and COVID new curfew.)
NZDJPY: The Election rally was mild but was mega boosted by Pfizer rally. (150pips) It now paused below the upper limits of a large (rising?) channel that started from June 2020.
NZDUSD: New Yearly high made, when Election rally was mega boosted by Pfizer rally. (Affected by improving COVID situation in NZ).
USDCHF: The Election causes a dip to finally break below 0.90, but was reversed up by Pfizer (USD-strengthening). Traditional safe haven currency but prone to intervention.
USDJPY: The Election causes a dip to finally break below 104, but was reversed up 250 pips by Pfizer (USD-strengthening).
