Your entry on EJ is still a bit away, so I'm staying out of that for now. Actually looking to either short GCHF or buy EGBP. No clear entry on either one yet.
So if both orders are hit then I'll be up 34 pips on EGBP and 23 pips on UCAD.
Still short NU 3 lots, tomorrow should be the deciding day with the NZ Bank rate announcement.
Got out of one of my positions short NU at 6736, so now I'm short 2 lots. To recap my NU positions and trades:
SHORTED 1 LOT AT EACH OF THE FOLLOWING PRICES:
Type Product Deal Rate Sell NZD/USD 0.66957 Sell NZD/USD 0.67361 Buy NZD/USD 0.67363 Buy NZD/USD 0.67461 Lots remaining:
Sell NZD/USD 0.68251
Sell NZD/USD 0.68411
If we use the FIFO method, my first sell was @ 6695 and covered @ 6746 for a loss of 51 pips
the second was a wash sale as I sold at 67361 and covered at 67363
At current prices (6735) I'm up 90 pips on my 3rd lot and 106 on my 2nd one for a total of 196 profit minus 51 pip loss
I'm watching that Ucad very closely. It didn't react like I thought it would. It's on a very tight leash.
Ignored
TDS, as far as the UCAD, I will wait until tomorrow FOMC announcement. I expect it to be US$ negative so you might see some drop. Of course oil is the other wild card, so I agree with you that a short leash might be appropriate but if nothing happens between now and tomorrow 2PM then having a tight leash means your leash will be cut and your dog is going to ran without you.
I was just reviewing my trade short on CHFJPY back from Oct 21, got out super happy with a decent profit only to see this thing drop about 300 pips from my entry. that is why I consider these signals gold. Do they work all the time? Nope, nothing does. But when they work, they work and I have to go back and do study, but I bet their working percentage is kind of high and I'm talking about at least 75 pips or more profit.
Will try to do one by one on a higher chart like the 89 or the 144.
done for tonight
presently short NU (2 lots), short 1 lot UCAD and long 1 lot EGBP
got out of UCAD @ 1.3243 for 23 pip profit. Also got out of EGBP @ 7248 for 34 pip profit.
Got out of another lot NU at 6714 for 122 pips which brings my total profit on NU short to 71 pips and have 1 lot short with a paper profit (at current price of 6712) of 134 pips.
Will be placing stop of about 50 to 60 pips on NU to lock in some profit on the total trade. Have to wait and see what the FOMC and RBNZ do.
I have placed a trailing stop on my last NU short of 55 pips. Right now it sits @ 6775, so that will give me 71 pips profit on my last trade bringing my total profit on this trade to 142 pips.
got out of my last NU short @ 6663 for a total on this lot of 178 pips. Net result of the 4 lots was a NET 249 pips. For some reason I logged back in and found that I was long at 6679 and price was at 6693. Must have been the trailing stop that I had, it must have triggered the buy after I was out completely of NU short. So I got out for an extra 14 pip profit.
Right now no positions
AUDCAD SHORT FROM DAILY CHART. SHORT AREA ON 89 CHART IS AROUND 9450
EURAUD LONG FROM DAILY CHART. WATCH 4 RESISTANCE ABOVE 1.54
EURCAD DOWN FROM DAILY CHART
WATCH USDJPY FOR DOWN MOVMNT, sitting at area on the midband daily chart.
AUDJPY DOWN ON 144 CHART
AUDUSD DOWN ON 144, SOMEWHERE AROUND THE 7220 AREA WOULD BE A GOOD SHORT
NZDUSD DOWN ON 144 6800 AREA IS A GOOD SHORT
