Let's get to work

Took a while but there at 72, shorter than I expected (looking for 85 ish) but it was a bit whipppy so I took a safe one and closed the eurchf not doing much. Do till tomorrow. Piled in for a load. Now the week has really kicked off...

EDIT - just took 85 and still going. Back tomorrow.

No way. Biggest error in weeks. My target was 96.85 not 95.85, I kid you not. Got distracted, took the profit at 95.72 had dinner then thought hold on... it was supposed to be a much bigger move. Check my notes... And if I'd known it had more to go, I'd have kept eurchf open too for the further 40.
*bangs head against wall*
Criminal.

Just taken a long on AU, trying to reconcile my huge error on yesterday's trade that would have turned a profitable day into a spectacular one. Could have been worse I guess, could have been facing the wrong way.
To counter it, I'm going to write targets down for each trade, to try and embed a bit more firmly. Of course, I may well jump out before target but at least have it in mind.

So AU, in at 9236, gunning for London close or an unlikely 511 whichever comes first. I think I know which.

Other trades...

Eurchf is pretty telling that this is all about dollar strength and nothing more (and obviously fiscal tightening and all the rest but I don't do fundies on these timeframes). I'm looking for pairs that'll give back some of their gains/losses, got light longs on eu which I may well bale out of soon. UY is stratospheric, I had 96.85 for that pair, so looking to short when it comes to breathing space and will let time in the trade dictate whether to hold or fold.

Retail crowd wins today. Not for long, not for long...
Exited the lot except for a small UY I'm trading out of because I like a challenge.

I've taken some research holiday, got wrapped up in something good. TBC Monday.Taking a couple of small shorts on UY down to 97.08 but that's it.

All about the dollar this week. The tide has turned everyone wants dollars again, the only question is any respite for the start of the week?

Technically, there should be. Now that the signal is clear, big positions are going to want in, which means the opposite - we should see dollar losses for the start of the week. Holding a fairly loose attachment to that, but going to guide the early trades. If we see clean breaks of lows and highs, then retrace and pile in.

So for now, I'm long AU at lows. Keeping a close eye for reversing at 9194 though. Looking for a multi-day trade here.

Looking for a better short for UCAD, waiting a while.

Out square. Looking short AU only, 9194 ideally.

Flipped again, but not quite in time to undo the damage of shorting at 9194. So its long eh?

Anyway, this is the builder for several days. Adding in at every opportunity.

So been adding longs all the way on AU, with a target considerably more than where we are now - between 400 and 680.
I'm fully scaled in now though, so it's a question of protection. 9196 is the low it shouldn't touch, if it does, I'd be suspicious of its ability to get out this sinkhole, and would pull the plug on the next leg up. No other trades till this works its way out - tomorrow most likely.

Lightened up coming to the cut, first tranche wildly profitable, second one out for shrapnel with a bit left open. Will add more in once it's broken free, but it is moving way slower than I expected. 9460 top target.

TPing here on AU while it becomes clear, anything above 62 is at risk. Looking to polish off any AU longs today. If we get a sudden nig rise irrespective of whether I'm in or out, I'll look to short it, but for today, still longs in play.

Still where we were, I'm only at half of what I was but I'd like a small retrace to add more. The pair is being held back by euro weakness, once that resolves, I'm expecting a sharp up move.

I'd like to add more here, but it violates the one golden rule - never buy a high, never sell a low.

On another note, trading less opportunities but pressing them hard, and trading them in and out is proving to be worlds apart in terms of performance. It's too early to really say of course, and the vols are great at the moment, but so far, proving a wise decision.

It also allows time to focus on the bigger picture of this job - research.

68, that'll do. That's a fine retrace adding in.

Oh no it's not. Tightening up, ready to bail if necessary.

Not a bad run for the day, but not anywhere near big as expected. Turns out it was EURAUD being unwound, not AUDUSD, which explains vols being not quite as stellar as I'd hoped. That's me done with AU for a little while now, I got a light short at current levels on UY, looking at the rest for the next belter.

Last night tried a rescue on UY, closed the rescue for nothing but closed out for a small loss on UY once I realised what was going on

AU not a great deal, just a slow lumbering upwards. It's still bullish, possible shorts if it gets to a decent level tomorrow by close.

EU also bullish for the next few days but not big enough (in the new regime of taking big trades only) to take.

I want a long UY but right now, looks like it's in mid of H&S. All round the better trade is long AY. This is annoying because it's breaking new highs now which limits options. Sitting on hands for now while things shake out a little.

Just took EU long on the drop from 3014.
Happy to scale up that one down to just below current low.

EU positive, but not very interested in it so locked it to b/e, something I only do if I really don't hold much weight in a trade.
On the other hand, long GBPAUD I'm all over, which is a double risk - one that the retracement in AU is finished, and 2 that the heavy downtrend in GU is over good for a few days hopefully.

OK, that should just about be the bottom there on GA. If it's not (or thereabouts, 1.6350) I'm trading out but allowing for any spike down about 30 pips below it.
Because the crosses have something of the unpredictables about them I'll put hard stops on about 50 below just in case it gets wild when I'm not around.

That's the one. Killed off my EU trade in the process mind.
OK, so now it's healthy in the black, but going to leave this one to pan out. Should be ok (35 in a few minutes) but what's goes up fast and all the rest...

Looking for a couple of days out of this one if possible. No target yet, and no further adding in for now.