Cycles and Time in Trading- The JRM Trading Model - FX

FX and Biotech update

EUR/USD
Guys cover near term here into new lower lows.

eur/usd
Covered 95% of my daytrade short here another nice move. Take profits here swing also if short.

EURUSD

Another successful morning micro day trade short, over +40 pips again.



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GBPJPY
I'm only 20% short here of the normal daytrade amount so lets see if this is a lower high on 1min and 5min if not old resistance is 138.80 I dont want to be short above there.

Battling here on GBPJPY I'm back short now after making a little back long into new highs now 15min is bearish cycle. back short.

Cover some EURGBP here if you reshorted with me last week.

EURNZD
Just a small piece short left I covered some more there also, take profits at the bottom of the cycle down here.

EURUSD
I just resold euro into this bounce after covering the lows



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GBPJPY
Just covered 1/3 of what I'm short up here against this 139 level from yesterday. Its not a huge stand, just playing small contrarian to see if we can roll over for the intermediate-term.

EURUSD

We are starting to lean short again here on the Euro Near-term in the live room. 15min still needs to come up a little higher to cross to get more aggressive.

I resold short a piece I still like EURGBP LONG-TERM on the short side and swing time frame as well.

EURUSD
I got flat just chopping it around with the 5min and 1min cycle this morning.



Not bad for small price movement over just a couple hours of work.



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USDMXN
Booked gains on 1/4 here of our long also on this pop that we added to this morning.

Book some gains here on USDMXN core long back into resistance and its the top of the 4 hour cycle.

USDTRY
Lira has been absolutely collapsing, this has been a huge move for us, I just halved the small piece I'm trailing the rest now. Up over +11% on this last round of buying down around 3.066

USDJPY
This move has been nuts. I went small short at Pi after a nice profitable run on the long side, but price is clearly through Pi so stopping on that and going flat for now.

Tonights market update $EURUSD $EURGBP $USDJPY $USDMXN $USDTRY $GBPJPY

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Tonight's FX Update




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