Can't tell if EUR heading back up in the 1.4480-1.45 range or if about to take a plunge.. on the one hand lots of volume and spent most of the aftrnoon in the 1.4480-1.4500 range.. on the other hand heavy resistance at the 1.45 and did not mount a credible threat.. so think chances of strong/quick upward break is less than break to the downside.. My plan is to short at either a pullback to 1.4480 or if it breaks below the low 1.44665 then will short any pull backs from there..
Not sure if too forward looking or if I should take into account but just random thought for now -- passover/easter holidays approaching -- squaring away of positions next week? need to give some thought on effect Also -- missed out on shorting $/yen -- was eyeing a short at 83.70 but broke very quickly and now at 83.40 Other markets: oil down at bottom of evening range as are ES and JPY -- EUR almost at low Getting more and more convinced that it will break to the downside
I am going to start putting down 10% down account value to know where my Day Termination Event is.. today DTE is at 18,300 Current account value is ~19,600
switched to long at 1.44707 -- stop and reverse to short below 1.4465 target is earlier range of 1.4480+
out everything 1.4472 calling it a night -- EUR spent the last 2 hours in a 10 pip range -- was very tough to trade Account Value: $19,470
Long 500k of $/yen (short yen) at 83.15 -- stop below 83.00 -- target 83.50.... Will add another 500k at 83.05 if it gets there -- with stop on all below 83 Will be looking to get long EUR at 1.4380 if it gets there