A new month

A new month

I didn’t trade yesterday because of another commitment, so this a new day, a new week, and a new month.

In the planning, the USD appeared to be showing strength, with EURUSD, GBPUSD, AUDUSD, and NZDUSD in clear moves to the downside, and USDJPY and USDCAD in clear moves to the longside.  This based on overnight action, and, as I have observed before, that has a tendency to degenerate into sideways chop in the last few hours before the market open.

I did enter YL trades on USDJPY and AUDUSD just before the CAD news, and then, after the CAD finally seemed to make up its mind, took a long trade on CADJPY.

Let’s see what happens.

After an hour+, CADJPY pullted back and hit its stop for <12.0>. Still holding USDJPY, which is up a little, but mostly moving sideways, and AUDUSD which is finally taking off to the downside.

The AUDJPY triggered a break out pending order, but I had to punch out of it for <4.7> when it closed the candle inside the range.

Had USD news, and I was holding USDJPY and AUDUSD.  They surged a little bit in anticipation of the new, and I pulled my stops up a little. At the news they went up a little more, but then pulled back, and I punched out for +14.9 on AUDUSD and +2.8 on USDJPY. So I’m no up a whole pip, and flat, ready to start over.

I missed getting into the GBP moves from a combination of fear and not paying attention.

Started reviewing the charts, and EURUSD was sitting above the previous candle, so I jumped on it, and it started moving down.  Let’s see if it continues.

Missed the USDCAD RBO because I took it off in advance of the USD news, and didn’t get it back on. It soared about 20 pips.

Took the EURUSD off on a pullback to protective stop for +23.8.  I had hoped it was going to go to the next level (1.1980) for +39, it it didn’t make it.  Still a good gain. That puts me flat the market and up 24.8. Debating whether to keep going or call it a day.  I’m leaning towards the latter. Not a superb day, but a solid start to the month if I can build on it.

I’m going to go ahead and call it.  Once again, it’s a story of missed opportunities.  Missed getting into the GBP runs early.  Missed the CAD breakouts.

Also, panic causing me to jump out of the AUDUSD and USDJPY trades on the news. They both would have survived and gone for bigger gains.

Tomorrow’s another day.

 

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