exit +14. We have mean reversion on all lower timeframes. The momentum has clearly waned. had +60 but I was looking for +80. oh well, live to trade another reversal I suppose...
This momentum smells ripe. I think the last 500 points of this 1000 pip move are pure fear and herd mentality. Carry trades are dollar positive across the board. A fine time to step in with my system. Open positions: Buy USD/CHF 1.2245 Limit 1/2 1.2290 Stop 1.2128 Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670
Closed trades today: Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45 Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40 Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70 Short GBP/USD 1.8660 Limit 1/2 1.8596 +64 Currently open trades: Buy GBP/USD 1.8580 Limit 1/2 1.8648 Stop 1.8511 Buy USD/CHF 1.2245 Stop 1.2245
Closed trades: Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45 Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40 Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70 Short GBP/USD 1.8660 Limit 1/2 1.8596 +64 Buy GBP/USD 1.8580 Limit 1.8648 +68 *Will assume 2 units per intial trade from now on... Currently open trades: 1Buy GBP/USD 1.8580 Stop 1.8580 2Buy USD/CHF 1.2199 Limit 1.2277 Stop 1.2165
Closed trades: Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45 Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40 Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70 Short GBP/USD 1.8660 Limit 1/2 1.8596 +64 Buy GBP/USD 1.8580 Limit 1.8648 +68 2Buy USD/CHF 1.2199 Stop 1.2165 -70 Currently open trades: 1Buy GBP/USD 1.8580 Stop 1.8580 Was away from my pc on the spike, this trend is incredible.
Closed trades: Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45 Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40 Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70 Short GBP/USD 1.8660 Limit 1/2 1.8596 +64 Buy GBP/USD 1.8580 Limit 1.8648 +68 2Buy USD/CHF 1.2199 Stop 1.2165 -70 1Buy GBP/USD 1.8580 Exit 1.8660+80 Currently open trades: