I didn’t blog yesterday’s results, but to sum it up, it was a heck of a day. I started early on some range breaks, and I was up 64 pips before the 7:30 news.  I should have stopped there, but I had dreams of adding another normal day’s gains of 30 or 40 pips on top of that. Instead, I ended up frittering it all away. I’d have a small win, then a couple full stop losses, and ended up the day actually down by <3.6>.  That on 20 trades (8 wins, 12 losses.)

I’ve completed the trade plan for this morning, and virtually everything is in a range or just attempting to break out of one, and most of them are tight ranges.  Waiting for the CAD GDP news in 7 minutes, and then we’ll see where things go from there.

CAD news had some wild swings, but by the time it settled down and became civil, it was pretty much back in the middle of the range.  No trade.

Pending orders in place for range breaks on all pairs in case there is  sudden big swing.  Most of them are in the middle of the range though, so unlikely to hit. Others bear close monitoring – I may not want to take them if price creeps up to the range limit, because there has been a lot of back-and-forth.

Coming up to the NY equities open (8:30 CDT), everything is still in ranges, mostly in the middle of the range. A few of the yens are getting close to the bottom of the range, but then the usually pull back up. Still watching and waiting.

I had 5 pendings that were in Green zone: EURUSD long, AUDUSD long, NZDUSD long, USDJPY short, and CADJPY short. I canceled the EURUSD because it wasn’t being confirmed by the EURJPY, and canceled the NZDUSD because, with a very narrow range for the day, it didn’t look strong even if it broke the range.  Kim says, “You don’t have to take every RBO that you see!”

Yen surge after the open resulted in triggered pendings on USDJPY, CADJPY, GBPJPY, and EURJPY. So far, most are just flirting with the breakout level without much follow-through.

EURJPY closed back in the range, took it off for <5.1>.  The rest of them remained outside the range, though pulled back on the new candle. We’ll see.

Quite a bit of volatility in this breakout.  A few moments before the close of the candle, I had all 4 trades in positive territory.  A few moments after, EURJPY had been taken off and the rest were negative.

CADJPY closed inside the range on the next candle for <4.0>.  Down <9>, holding USDJPY short, GBPJPY short, and EURJPY short.

GBPJPY closed inside range at the end of the 9:15 candle for <10.5>. Now down <20>, holding USDJPY and EURJPY.

There was a huge spike on CAD pairs – 31 pips in a 1 minute candle on the USDCAD.  I took a suckback trade, but it stopped out for <10.0>.  Now down <30>, still holding USDJPY, (candle closed on the line), and EURJPY.

I moved the trail stop on USDJPY to 10, and if finally just hit it, so it moved my stop to BE, where it stayed until it pulled back to that point and took me out for <0.1> (slippage?)

That left me holding the EURJPY Re-entry.  I was looking for a 35 pip gain, but I finally got impatient and punched out of it with 31.1.  Which left me basically breakeven (+1.4) (+0.14%) on the day, <119.6> for the week, and <335.1> for the month.  Not a good month for one that I started with high hopes.

This week:

Monday: <56.2>

Tuesday: <61.2>

Wednesday: <3.6>

Thursday: +1.4

Total: <119.6>

This month:

Week 1 (1 trading day): +24

Week 2: <197.2>

Week 3:  +87.8

Week 4:  <130.1>

Week 5: <119.6>

Total: <335.1>

Here’s to a better April (which will be abbreviated since I have a one-week vacation in the middle).