Amyc Trade Journal

Nice 140 reversal pattern on eu, also matched with dp. I have taken a short but price has also reached the yearly lows now so it is time to be a little cautious with eu shorts in case there is a larger reversal pattern. Also NFP to be aware of.
Stops 1.2670, if price moves down today targets are 1.2522, 1.2497 and 1.2420

edit 1.2686 is also a good short if it gets back that far, 80 pip top with pink resistance.

Aud hits the Q2 lows last night, I wasn't in the trade had been expecting it to take a bit longer than that. No trading in aud till next week for me.

This is the eu monthly chart and why I believe shorts need to be careful at the moment. 1.2630 is the yearly lows. I suspect price will break them but they may provide some resistance for a bit first.

added more eu shorts at 1.2675, i still would like to see it do 1.2686, that is going to be my line in the sand today between keeping the shorts or closing out and waiting to see where price is next week.

Part profit taken at 1.2595, this market is crazy but it should go lower yet today i think.

Next target is 1.2537, 140 pip swing low. 1,2598 completed the 80 pip swing low.

resistance currently at 1.2619, and price just had a 4hr close under the midpoint which is 1.2625. While below here it should continue down, possibly as far as 1.2411 today.

The S&P futures completed the entire pull back move I was looking for last night. I didn't have my tp orders in place though so missed a nice profit but i have closed all S&P contracts now. will wait till next week to see for another trade.

SL hit on remaining eu shorts at 1.2630. still holding shorts from 1.2980, I probably won't trade again until next week.

1.2731 is a possible short area, i am going to see how price reacts there before deciding whether to take it or not.

Taken a half position short on eu at 1.2730, will wait and see how that reacts before adding. sl 1.2770

So far so good, stops moved down to be

Closed eu short at 1.2690 +40 pips. It did 80 pips down and now looks like it wants to go higher

Closed all eu shorts on Friday at 1.2700 +280 pips

Eu should rise some more on Monday and probably Tuesday, will post some charts on Monday.

Aud has opened above the weekly pp. This is what I was really hoping for this week as it needs a 1 week retrace after 3 weeks of going to the weekly lows. Target this week 9238.

EU same deal, target 1.3289

Does this mean that you will be buying at the weekly pp?

yes, 8950-8940 looks ok to me for now as a buy

Got done at 8951, will add if it goes my way. sl 8920. There is still a chance it does 8930 so not looking to add too quickly.

Things seem to have calmed down now, I have placed another buy order at 8932 sl 8900. going out for a bit.

No trades on the euro so far today, not sure that I will even take the long, i may just hang back and wait for the next short setup. If a long is taken it will need to be low risk with a tight stop.