Tradex Forex Journal

Come on Kiwi, let's see some breakout you fool.

 

Don't you dare break the other way now, you hear?

 

The Aussie, NZD's cousin, is going down on the 1-min chart, usually not a good sign.

 

Trading results for last week will be given soon, busy with the charts now.

 

Out NZD/USD at 0.6620, 2 pip loss.

We now have a possible breakout to the downside in progress.

 

Yep, breakout was to the downside (see second rectangle on the 1-min chart).

A failed Bull Flag pattern sometimes produces powerful moves in the new direction.

 

Short NZD/USD at 0.6620, 21 pip stop.

Now behave, kiwi.

 

That's it, go get those damn pips boy!

 

Alright here are the trading results for last week.

Short GBP/JPY at 137.45, 37 pip stop : +100 pips
Short NZD/USD at 0.6642, 28 pip stop : -10 pips
Short NZD/JPY at 70.00 , 26 pip stop : break-even
Short AUD/USD at 0.7137, 18 pip stop : -10 pips
Short AUD/USD at 0.7137, 18 pip stop : break-even
Long GBP/NZD at 1.9580, 41 pip stop : break-even
Long EUR/CAD at 1.5475, 28 pip stop : break-even
Long GBP/AUD at 1.8248, 38 pip stop : break-even
Long GBP/AUD at 1.8241, 35 pip stop : -14 pips

Total for week ending Friday 10/16/2020: +66 pips
Total since beginning: +206 pips

As a reminder data feed is from FXCM, the second largest retail FX broker I believe.

 

Australian Monetary Policy Meeting Minutes in 5 minutes (8:30 PM NY time), fasten your seat-belt and extinguish your cigarettes...