245 | -3.26% | 4 Setups
first Red day in 2018, after 29 green days in a row …
05:58 Good Monday Morning Everyone, I started Trading in the early morning already. generated a nice loss which is almost boiled out now. so you guy’s not missed anything. divergence data is thin, well just like every Monday.
Currency Data now:
- Positive: USD, EUR, NZD
- Negative: GBP, AUD, CHF
- Neutral: JPY
- Pair(s) to Watch: GBPUSD (Sell), USDCHF (Buy)
- Asia Session Events:HIA New Home Sales (MoM) [AUD]
Let’s recap how I fucked up this morning first.
07:07 – 07:49 got whipsawed in AUDJPY setups
07:39 – 08:19 moved on to USDJPY .. same results
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08:14 still on the school run, decided to buy the bounce upwards on USDJPY
10:30 closed USDJPY Trades which paid most of the morning’s losses already.
10:49 re-entering USDJPY Buy (this may be not such a good idea as the Nikkei is correcting downwards)
10:58 as expected, did not work, reversing the position to a sell.
11:02 close USDJPY Sell at minor Trendline
11:03 looks like momentum is not dead yet, re-entering USDJPY Short.
there is no target that makes any sense in the microstructure we in .. so the vWap will have to do.
11:09 that could be a fake, preparing to exit.
11:18 my suspicion was correct. it’s a fake, DXY bounced cleanly on the vWap
however the Nikkei still on the way down. there is still a high chance we will have at least a retest of the vWap.
11:32 as promised .. the vWap
however, momentum is massive so I decided to re-sell USDJPY instantly. to the trendline in the 108.675 area, but will exit once the Nikkei hits the 23613 mark, as there is also a trendline (minor)
13.21 NZDUSD did not work (it may but ill cut this loser short)
16:39 it’s time to put on some size .. as the day was pretty much just exchange some coins.
I’m seriously thinking of not trading on Mondays at all. anyway, time to make some money now.
16:42 adding 300% to USDJPY Buy
.
23:13 closing all trades unsuccessfully.
Total Today: -3.26%