Very little action this morning.  Doing the morning trade planning, I see most everything in a range or breaking out of a range. The exception is EURUSD, which had a good downward move overnight, but reversed off of the 1.1900 level, and pulled back up by almost 20 pips.  Because of that strong pullback, I was a little loathe to take it.  I studied it for a few minutes, thinking to jump on it when it stopped pushing up, but I was too hesitant. I did end up setting a pending order on the YL, and price pulled back close to it, but missed it by 0.2 pips.  Might turn out to be an expensive two-tenths of a pip – we’ll see. So far, it’s moved down 15 pips.

NY market is now open.  No trades yet, but still stalking an entry on EURUSD.

Some reflection on last weeks trading led me to an observation:  If I had taken just 10 more pips on some of the big runs that I bailed on early, I would have had my daily goals.  My focus for the rest of the month is going to be NOT punching out early.

Breakouts are getting close on USDJPY and CADJPY.

Well, that was quick.  The pending pullback trade hit on EURUSD, and the pullback continued upward and stopped the trade out in 19 seconds! Contemplating re-entering.  I think that’s what Kim would do.  But it’s a little too close the last entry, and I see too much weakness in the USD across the board. GPBUSD, AUDUSD and NZDUSD moving up sharply as well, and USDJPY and USDCAD moving down.

At 9:34, GBPUSD moved up enough to break the top of the range and trigger my pending, then pulled back.  See if we can get some follow-thru, or if the candle closes inside the range. No, it stopped out after 6 minutes for <10.0>.  Now down <18.0> and flat, but stalking some more breakouts.

CADJPY broke the range to the upside at 9:53. We’ll see…

The CADJPY closed the candle inside the previous range, so I punched out for -5.0.  Now down <23.0>.

Finally got the GBPJPY up high enough to be considered in a clear move, and got a pullback entry.  It may take some time, or it may succumb to the volatility and lack of follow-thru.  We’ll see. Story of the day – GBPJPY stopped out for <12.0>.  Now down <35.0>. And we’re at the London close.  How much longer?

Entered EURUSD short on the second pullback entry.

And, after flirting with it for the entire session, EURJPY finally broke the range to the downside.  So I’m heavily weighted in EUR short.

And EURJPY stayed true to the form of this morning’s session, and pulled back and stopped out for <10.1>.  Now down <45.1>. And EURUSD is not co-operating either, but it hasn’t stopped out yet. But it’s currently down <5> at 11:29.

And the EURUSD stopped out for the second time for <8.0>.  Now down <53.1>.

That’s enough or today.  6 trades, 6 losses, down <53.1> and -2.54% of cash balance.