The news trades this morning (on the USD CPI) started out fast and furious.

I had taken a pullback trade on the AUDJPY prior to the news, and held it through the news.  I also took a short trade on the USDCAD, which stopped out, and a long trade on AUDUSD, which also stopped out.  But the AUDJPY soared during the news, and I hit my limit for +34.3.  Then I took a long trade on GBPUSD, and it also stopped out.   So I’m starting out the regular session up 3.8.  Not a bunch, but at least it’s positive!

I added a long trade on the EURUSD when the news candle sucked back nearly 10 pips. It looked good for a little while, rising 8 pips and almost touching the next level. But then it pulled back and stopped out for <8.0>.  So I’m ending up starting the session down <4.5>.  Had to risk it.

Even though it wasn’t technically in a range, I set a break out pending order on GBPJPY in case there was BRexit news that sent it soaring. There wasn’t news, but it did keep climbing and triggered the order.  But the volatility got me, and it stopped out pretty quickly for <12.2>.  So now I’m down <16.7>, headed into the NY open.

10 minutes before the open, I took pullback entries on AUDJPY and EURJPY.  Both have potential.

Right now, it seems to be all about the Yens.  Both my trades were up several pips (about 8-10 combined), and the USDJPY was also rising and nearing it’s range limit.  But then all 3 of those pulled back together.

I punched out of both of those on the “exit on a burst” strategy. Took AUDJPY for 16.2, and EURJPY for 12.5. That puts me up +12.0 at 8:45 CDT.

Shortly after, CADJPY hit the range break pending. And then the USDJPY followed suit.  As I said, it’s all about the Yens this morning. There was a lot of volatility in both of those, and, when they got back up after being down and threatening stops, I followed Kim’s lead and punched out. Took +5.5 on CADJPY, and +3.1 on USDJPY.  Now up +20.6.

Seeing that the NZD was the strongest currency on the Currency Meter indicator, and the JPY was the weakest, I took a pullback trade on the NZDJPY.  It didn’t follow through and pulled further back to stop me out for <12.0>.  In that time, the JPY had risen from the weakest to the 4th strongest currency.  Things change quickly and dramatically.

The NZDUSD pullback triggered just shortly before the NZDJPY stopped out.  We’ll see.  It’s not looking good at the moment, but it could reverse. But it didn’t, and it stopped out for <10.0>

Just had the USDCAD move rail to rail and trigger a range break pending long.  Also, Yen crosses are moving sharpl lower, and the GBPJPY also moved rail to rail and triggered a range break pending short. However, there was no follow through, and it stopped out a few minutes later for <12.2>. So, by my count, I’m now down <13.6>.  How quickly things change!

And the USDCAD also stopped out for <10.1>, so now down <23.7>

And it looks like that’s where I’ll end it.   That was disappointing – I though I would at least have a positive day.  I guess I should have quit while I was ahead!

Down for the day <23.7> (-1.11%). Down for the week <93.7>, and for the month <137.7>.