Wow!  Coming to the charts this morning, there are some really dramatic and widespread moves.  The yen is extremely week, resulting in big upward moves in the yen crosses – EURJPY up 185, AUDJPY up 126.  Also, the AUD and NZD are very strong, resulting in some big moves in those pairs: AUDUSD up 78 and NZDUSD up 100.  Unusual for this early in the morning.

That being said, it’s not clear how to play it.  For now, I’m going to watch for the ADP payroll report at 7:15, then reassess.

The news did not result in much movement, but it was slightly negative for the USD, resulting in upward movement of the USD crosses. I took advantage of it as an opportunity to jump into the CDMs in EURUSD, AUDUSD, and NZDUSD without having to wait for pullbacks.  We’ll see where it goes.

The EURUSD stopped out for <8.6>, but the AUDUSD and NZDUSD are hanging in there for the moment, including across the USD GDP news at 7:30.

The AUDUSD went ahead and stopped out for <10.0>.  NZDUSD is flirting with the stop, but hasn’t crossed it yet (7:39).  And, a minute later, NZDUSD also stops out for <10.1>.  Now down <28.6>.  Keeping my record of consecutive losing trades in tact! :^(

Getting some price action now. I’ve entered AUDJPY and EURJPY long on pullbacks, and EURUSD on a pullback to the next level.

EURJPY and EURUSD both stopped out.  Still in AUDJPY.  Entered USDCAD short on a suckback in the news candle, but it continued pulling back and stopped me out for <10.0>. Currently down <57.2>.  Looks like I got into the the USDCAD a little too early on the news.  After it stopped me out, it took off to the downside for another 35 pips below my entry.

AUDJPY is up 15 pips, an I moved the stop to BE. Punched out for +12.8 as JPY started to regain strength. Now flat and down <44.4>.

I re-entered AUDJPY on a pullback on the next candle.  I’ve set a trail stop equivalent to the initial stop loss (12 pips), and the trade is up enough to move to BE.  The pending order I had on the NZDUSD for re-entry at the next level also hit.

There was a weakening of the yen, resulting in the AUDJPY rocketing up and hitting the TP for +39.2, the EURJPY breaking out of its range and almost immediately going through the TP for +19.1, and USDJPY trade being triggered.  The NZDUSD also went up, and I punched out of that for +10.1 and out of the USDJPY for +4.8 to end the session.

Summary: 12 trades, 5 wins/7 losses for net +22.0.