This was the opposite of yesterday!

On doing the trade planning prior to the GBP news (at 6:30 CDT), all the Yen crosses were in CDM’s long.  I watched the GBP news, but didn’t trade it, as there was initially not much movement.  I went to take a shower and came back before the USD CPI news at 7:30, and found that GBP pairs had made a move, but they were a little slow to develop after the news.  By this time, most of the CDMs on the Yens had settled into sideways motion, which I have found to be pretty much typical of that time of morning.

I took the EURUSD on the CPI news.  I could have done better, but got out on a tight trailing stop with +17. About the time of the NY open, I had several YL’s hit – a second entry on EURUSD, EURJPY, AUDJPY, and GBPUSD.  At that point I became concerned that the USD crosses seemed to be pulling back, and was concerned the pullback might continue, so I canceled all my pendings, and decided to work these 4 trades.

There were no real runners, but each pair started slowly eeking out gains, and across all 4 of them, I was soon up 30 pips. With the 17 from the news trade, that would put me up close to 50 – tempting, but I held on.  Things pulled back, but when it got up near that again, I punched out. At that point I had +45 including the news trade, and debated taking it, or cautiously trying again.  After scanning the market and watching the twitter feed, I made one entry on a YL USDJPY.  My goal was to make back the 22 pips I lost yesterday and end up with +50 for the week – so I needed another 27.  I almost got there – up about 24 pips, then it started to pull back.  I punched out at +20 – leaving me up 66 for the day, and 44 for the week.

I decided to give it one more go, and took a third entry on EURUSD on a YL.  That was a nail biter for a while, but I ended up punching out of it for another +12.  Up 78 on the day, 56 on the week. 7 trades with no losses.  My kind of morning! And also my best day ever.  I’m not sure exactly what my old record was, but I know it was in the 60’s.

Still down 117 on the month, though, so a long way to go to 250.  But we’re less than halfway through the month, so it is still doable.  Especially if we can get more days like today.