1806 | -1.323% | AUDUSD EURUSD BTCUSD AUDJPY
Today’s risk: 0.41% [True Drawdown: -1.471%]
Profit from this!
8:14 Buy AUDUSD
8:14 AUD took off early with no size on it ..
8:31 adding to AUD position on pullback
9:14 starting to doubt the success of this trade .. it takes significantly longer than expected,
that usually means indecision, and that raises the risk of failure.
9:29 Double (ish) the position once CAD hits vwap as this is also micro support on AUD ..
9:56 hedging everything as iam close to my limit on drawdown.
10:00 prepare to reverse parts to sell on vwap
10:28 reversing parts of the hedge, this will add another 0.1% to the drawdown
10:30 changed my mind, full reversal with hard stop
10:35 this is getting too expensive, enabling TSL on everything
10:54 CAD hit a M15 level, that may cause Aud to pull back up
12:25 i guess i was right about the CAD resistance, i scaled in even more .. which was dumb
12:26 good example on how “not to trade”
12:40 quick scalp on EURUSD
12:44 buying BTCUSD
15:39 support on BTC is holding for now
same on ETH (duh)
15:41 closing everything … having a bad day .. let’s wait a little bit
16:36 lets try buy BTC again
16:39 sell AUDJPY (not too heavy as it may retest previous support
16:47 AUD also testing support from below .. Selling, lets hope this is not another fake
16:58 i may close AUD sells early, can not really pinpoint a good target
17:57 closing positions on Mobile, while waiting for my food, DO NOT TRADE ON MOBILE!!
not too terrible exits ..
18:51 well, there is now resistance on CAD, EUR and GBP, question is “which one will hold”
19:52 Sell AUDJPY
20:03 Sell GBPUSD
20:12 stopout GBPUSD
20:14 Sell EURUSD
should have TP on support .. ah well, after we always smarter 😉
20:47 closing AUDJPY manually, a spike up was to be expected as indicies are quite bullish
21:22 looks like CAD holding resistance, preparing to close EURUSD short.
21:43 i’m out .. this is not going to work today .. and the loss is significantly larger than i set to.
Hi swing, reading your trading blog, i notice that you refer to USDCAD even when trading other pairs, why is that so?
i use CAD as a indication for the US Dollar itself, as example AUD and CAD are strongly correlated because of this, so if i as example buy AUD on vwap but CAD is still in its way towards vwap, that tells me that there may be some fuckery going to happen until CAD also hits it and reverses (or not) if they are both at vwap at the same time a strong reaction can be expected.
this does not always work and is limited to a few assets only but its works surprisingly well for AUD and CAD.
it also works on ETH and BTC as example, but there ETH is usually “leading” so you can a bit predict whan large-ish moves happen as well (its all related to vwap, the correlations i refer to are only volume based)
here is a good example right now
you can see its clearly abuy on EURUSD but CAD spread is constantly widening there are erratic moves very close to vwap, this usually means there is a bot fight going on and this setup is likely to fail .. the signal is clear, but the markets has some other ideas .. thats why iam taking this trade not with the full size here you can see how that played out 😉