After yesterday’s holiday (Memorial Day), trading resumes.  We have 3 sessions to the end of the month.  At this point, I’m just going to trade it to the best of my ability, learn what I can, and let the results fall where they will without regard for any goals.

I’m seeing a lot of clear directional moves (CDMs) as I go through the currency pairs for my trade planning, but they are tempered by a lot of back and forth, up and down.  I’m going to be cautious.

But I have entered a long trade on the USDCAD pair as it has moved up dramatically overnight, but pulled back in the last hour or so. The currency strength is showing the USD at the top of the heap, and the CAD near the bottom.  That doesn’t necessarily guarantee success, but it stacks the deck a little.

Well, it was definitely no guarantee, as the USD slipped in strength while the CAD rose.  The trade stopped out or <10.0>.

Things have certainly changed in an hour. Currency strengths have definitely shifted, and pairs that were in CDMs are now clearly in ranges.

Conference Board consumer confidence came out at 9:00, and was rather confusing.  Very little movement initially, then USDJPY started moving up, but USDCAD started moving down, and most of the USD crosses were going higher.  Took a chance on EURUSD long. #weneverknow

EURUSD news trade stopped out for <8.0>.  Now down <18.0>. It’s not down a lot, but I’m not seeing any opportunities to make up even this small loss.

Kim is in the market big time.  She’s currently (9:15) down <55> on 1 win/7 losses, and holding EURUSD, GBPJPY, AUDJPY, USDJPY, USDCAD, and CADJPY. Gutsy move!  All of those are, technically, in CDMs, but they’ve all pulled back strongly, and, over the last hour or so, have been moving deeper into pullback territory. If they resume their movement, she’s golden, but it they all stopped out, she’d be down another <64>.

I currently have a pending breakout trade set on GBPCAD (off the reservation). GBP is currently at the top of the currency strength heap, and CAD is at the bottom.  It’s one of the few pairs that is getting close to a range breakout.  But if it hits, I’ll be watching it closely and won’t hesitate to pull it on signs of a reversal.

It did hit, but reversed even before I could get the trade documented. It looks like the CAD suddenly picked up strength, and it stopped out for <12.0>.  So I’m now down <30.0>

Lots of YEN strength over the last hour or so.  AUDJPY finally made it through the bottom of the range, but I had to pull it for <1.6> because it was within the 2-minute rule. But it’s still holding near the bottom, so I’ll try again.

And back in a few minutes later and a few pips lower. However, the entry candle closed just back inside the range, and I punched out for <3.5>. Darn it! And, of course, then it immediately drops 5 pips! Currently down <35.1>

RBOs hit on CADJPY and AUDUSD.  Let’s see if they go anywhere. CADJPY was briefly below the range, but closed back inside it for <3.1>.  The AUDUSD closed outside the range by about a pip, so we’re still alive for a bit more.