Thomas trading Journal

GBP/USD: as friday night (New York Time) just before forex closed, GBP/USD tend to be slow on dropping, which indicate a lost of momentum on down trend, as because the downtrend have been running for the whole week, profit taking period might be happen very soon. keep watching closely @ 1.8677, a break and stall on this level might indicate a small reversal trend, reversal target 1.8799 if 1.8677 could hold. Long term downtrend will have a bigger chance to be happen.

USD/JPY: As on asian session, hedge fund sell off USD into JPY, so that cause a big fall on U/J, an up trend might be appear if 117.19 resistant line breaks. Long term up trend might happen if 117.19 could break and hold, target 118.75

Gold price: friday night (New York Time) just before market closed, gold price stay very close to the critical level of 609.38, breakage of this level might indicate another big fall; if 609.38 could hold, reversal might happen. Long term should have a big break up or down, suggest to be watching it closely.

as the early morning on forex opening, USD/JPY shows a big reject on 116.99, small fall are expected.

suggestion: long GBP/USD or EUR/USD, watch them closely incase another big fall are back.


my opened order: long GBP/USD @ 1.8654, target unconfirm, sl not set
Update: moved stop-loss to 0pips which is 1.8654
Update: 0pips closed

U/J holding on 116.80 now, if this level could hold, up trend might be appear, target 117.19; if this level can't hold, target 116.60
Update: 116.60 obviously will be reach soon, if 116.60 can't hold, 116.41 is the next fall target



in the mean time, GBP/USD seems to have selling pressure, still keep watching closely
Update: GBP/USD start to rise, no problem right now, still waiting for a break on 1.8677 for a strong up trend

obviously U/J can't break 116.60 and market reject that price then rise again, non-trended position now, wouldn't trade anything at all

U/J going to try 116.80, waiting for the result for the trial

as USD/JPY fail to break 116.80, suggest to long GBP/USD and EUR/USD now

closed GBP/USD long +1pips, something strange there because suppose it will be rise a bit, but it stall on 1.8650 which makes me think that something is going on, so be safe to close it


again, non-trend position, no trade at all

U/J break 116.99, targetting 117.19

because of the slope of moving average, I would expect U/J goes to 117.38 before retrace, beware on it
Update: as 117.19 have been broken, next target still be 117.38

GBP/USD might be effect by the news within 1hour, enter new position to GBP/USD is a very high risk trading, becare about it.

USD/JPY: check if 117.77 could break, obviously up trend still going strong

putting short GBP/USD @ 1.8784 with sl 1.8800

as daily 38.2 fib retracement reached, obviously a sign for going down

Update: check out 1hour GBP/USd chart, we could see double touch on 1.8799 and bounce back down, further confirm the down trend

Another sign of down trend, USD/JPY hit daily high, which so obviously the GBP/USD and EUR/USD going down soon

short NZD/USD below 0.6592, sl 0.6610