Starting out with some news trades – took AUDUSD and EURUSD short on the PPI news.  They started out moving slowly in my direction, but have reversed and are hanging out in the vicinity of my entry.  I punched out of EURUSD for <2.0> as it was about to close the candle without having broken out of the range.  The movement on the AUDUSD takes it into the class of range breakouts, so I’m going to hold onto it a little while longer and see what it does.

Well, that was mishandled.  I should have gone ahead and punched out of the AUDUSD as well, because it really was still inside range at the close of the candle.  Instead, I let it go “hoping” for the best, and it pulled back and stopped out for <10.0>.  So now down <12.0> coming up on the open.

Shortly after that I had range breakouts long in quick succession on EURJPY, EURUSD, and GBPJPY.  Let’s see if we get some follow-thru. All three closed the next candle outside the range, although the GBPJPY was touch ‘n’ go there for a bit.  Now let’s see them take off!

Well, so much for that.  The GBPJPY and EURJPY both pulled back to full stops for <12.1> and <10.3>, respectively.  EURUSD is still hanging in there, but just barely.  Now down <34.4>.

Took a range break short on CADJPY. It looks like it’s moving sharply, but it’s an illusion because of the collapsed scale – only a 25 pip overnight range.

And EURUSD just went ahead and stopped out for <8.3>.  Down <42.7> and holding CADJPY, which is moving by fits and starts. I just moved stops to lock in break even on that.

Got a range break short on AUDJPY.  Looks like the yens may be moving, but, again, it’s erratic – move, then pull back and hold for a while, then move again.

Took a break out long on GBPUSD, then a break out short on USDJPY.  Moved protective stops up on AUDJPY and CADJPY, and they got hit for +16.4 and +22.7, respectively.  Moved the stop on USDJPY up to just above break even, and it got hit for +1.1,   So I’m still down <2.5>, and holding GBPUSD.

The GBPUSD just pulled back and hit the protective stop for +1.1 pips.  Chipping away.  Now flat and down <1.4>.  Stalking re-entries in CADJPY, AUDJPY, USDJPY.  Also looking for an entry into USDCAD.  Wish I had taken that one during the news!

And, of course, as soon as I exit GBPUSD  (on a too tight PS), it shoots up.

Back in the AUDJPY on a pull back.

AUDJPY is currently up 17, and got a hit on a range break short on the EURJPY.  Unfortunately, it pulled back in short order and stopped out for <10.2>. Two steps forward, on back.

After flirting with going for my limit, AUDJPY pulled back and hit my trail stop for +14.2.  That puts me positive on a pip basis, and very slightly positive on a cash basis.

So, the way this morning is going, to I take a break even day, or hang in there and go for a gain? (And risk another loss.) How much psychological capital do I have to spare?

I guess I’m a sucker for punishment – I took a YL pullback on the USDJPY to try to squeeze a few more pips out of the day. And then that followed very quickly by USDCAD long, CADJPY short, and AUDJPY short for the third time.  Fingers crossed and asking God for blessing! Canceling all pendings.  When these play out, that will be it for the morning.

A surge in the YEN crosses took out the USDJPY and AUDJPY for <10.2> and <12.2>, respectively.  Still holding USDCAD and down <31.7>. Turned that around quick!  USDCAD is closing in on the bid number of 1.3000.  Keeping a fairly tight trail stop on it in case it bounces off that number, but hoping it will go higher. Currently up +9. Targeting 1.30200, or +32.

USDCAD finally hit the trailing stop for a gain of +8.4, leaving me with <23.3> (-1.15%) for the day (<70.0> for the week to date.)