I tried one trade early today.  I came to the charts about 4:30 CDT, saw a big run on the GBP corresponding with news, that was followed by a sustained pullback.  But it looked like the pullback had run its course, and I took a yellow line trade considering that this was still in a clear directional move upward.  I decided I’d give it one try.  That proved to be wrong, and I took a full stop on the GBPUSD for <10.3>, which is where I sit as I prepare to start the NY session.

All those big runs in the EUR and GBP pairs have now come completely through the overnight range and are now ranges. In fact, everything is now in a range with the exception of the AUD pairs, which have pulled back, but are still hanging just above the top of the range.

Watching for breakout trades in the EUR and GBP during Draghi’s speech.

I took yellow-line pullback entries on NZDUSD and AUDUSD.

USDJPY broke through the range just enough to trigger my pending order, then pulled back and closed inside.  Lost <7.0>.  Down <17.3>, but holding AUDUSD and NZDUSD, which are up at the moment.  I have 4 pips locked on AUDUSD.  And the AUDUSD just pulled back into its protective stop for +6.6.  Looking for an opportunity to re-enter.

The EURJPY triggered a pending order breaking out to the downside, but then closed back inside for <6.5>.  Balances out the +6.6 I just took on the AU.  Now down <17.2>, holding NZDUSD and AUDUSD (I did take the re-entry).

The EURUSD copied the EURJPY – broke the range to the downside, then closed back inside and cost me <7.0>.  Now down <24.2>.  Also took a re-entry on the EURJPY at the ’80 level, but it’s not looking good.

And took a YL trade on the AUDJPY.  Now holding NZDUSD, AUDUSD, EURJPY, and AUDJPY.

And the EURJPY RE stopped out for <10.1>. Now down < 34.3>. And it’s only 9:15.

All I need is one good trade to get out of this hole!

Watched the AUD and NZD go up and down for a while, then they surged up.  I should have taken it on the surge, (“Exit on a burst!”) but I just pulled stops up.  Got out of NZDUSD for +13.7, AUDJPY for +16.8, and AUDUSD for +10.0.

I think I’m done. Net for the day +6.2 (+0.36%).  Week to date <57.2>, month to date <325.1>.