Exit GU ++

Easiest trade all week. Too bad it's not a homerun =)

Buy GU

Last GJ trade has not gone so well, the exit came yesterday at the open of Tokyo but I didn't take it. Didn't want to take a small 20 pip loss. Now sitting on -200. Expect we will see lower ranges by next week so will hold it. But damn, this is no way to trade.

Currently long GU and looking for new HOD, which we will probably see in NY...oh the pains of being on the wrong side and KNOWING it's the wrong side!

Add short GJ

EU has made a very smooth bottom coming into NY, not feeling too good about this short, but have faith in my method.

EXIT GJ Long reverse Short

Taking profits and reversing short. Will not take large position as I am already short on EU from the swing trade. Paring profits on EU every 100 pips lower.

Buy GJ

Dipped below Friday low and back into the range, taking a modest position here looking for buyers into New York.

When not to take the trade on Friday

I have been burned more times than I care to recall on Fridays trend. So here I have two different trades. One which I took and another which I passed on. 

The GJ trade was high percentage for a few reasons. First, It was in the middle of the range. Second, it had a halthy pullback from the highs buy was still well above the lows. It was also early in the session so no chance of a runaway breakout contra my signal.

Eu was not a trade because it had already broken the low of the previous session as well as for the week. In my experience, the likelyhood of price returning into the weekly price channel on a Firday after a large new event is extremely low probability. I don't have exact stats on such a hunch but speaking directly from negative account balances, this is the ideal setup to AVOID.

Walked away with almost 200 pips on GJ--first trade was in the London session which I failed to post because of time constraints. 

A good week overall. Hope things continue and my head stays in a modest place.

Buy GJ

The dust has settled since the NFP. We saw the Euro make an outside reversal, making new highs and new lows already. We are finally in a clear trading range. GJ didn't breakdown, it's time to try a bounce. Will seek HOD on this trade as I am still short EU so in effect I am hedged in my mind to be long on GJ, can afford to swing for the fences.