303 | +1.891% | 3 Setups
Good Wednesday morning, Yen pairs are extremely slow for some reason, looks like most waiting for the local Export news.
Currency Data:
- Positive: JPY, CAD, AUD, USD
- Negative: CHF, GBP
- Pair(s) to Watch: USDCHF (Buy), GBPJPY (Sell)
- Asia Session Events: Exports [JPY]
07:39 Probe Buy on USDJPY (the scale shows 2 Pips, so there is nothing much to happen yet,
however, there will be news on Tokyo bell, so this may get interesting)
08:15 close all USDJPY trades
08:24 Buying USDSGD
08:32 Buy GBPJPY (late FOMO entry)
08:51 close both GBPJPY and USDSGD
08:57 re-buy USDSGD as the Dollar likely reverse at the vWap
09:13 Nikkei is about to turn, and dollar showing some weakness, closing all USDSGD trades since the Singapore Dollar for some reason is pushing down all morning already. (no reason to play against the odds)
09:14 changed my mind, re-entering USDSGD (collecting commissions today)
09:38 closing USDSGD on planned exit (Trendline)
on a side note:
I mentioned in the chatroom it’s maybe better just to buy GBPJPY again on the vWap
guess what happened about 5 minutes later?
26 pips at ZERO (0) drawdown in less than 1 hour ! a beautiful 1:12 risk-reward trade.
but i did not enter myself.
moral: always trade what makes sense, and ignore the “gut”
Total Today: +1.891%
