320 | +4.019% | 1 Setup
Friday again, the usual randomness that comes with the day of the week, got caught in some massive correction, but the original plan worked out as planned, made some money while hedging as well. making this Friday an outstanding trading day.
Currency Data:
- Positive: AUD, EUR
- Negative: GBP, USD, NZD, CAD
- Pair(s) to Watch: EURUSD (Buy), AUDNZD (Buy)
- Asia Session Events: Gross Domestic Product [CNH]
11:37 buying AUDJPY, for the breakout, as it tries 3 times already, will make a small size, “breakout trade” (how is that for a change ?) 🙂
11:42 if the Breakout happens on AUDJPY (big IF) I have no clear target due to the movements of Yesterday .. so R1 would be a realistic one. however I’m not a believer in Breakout trading, so for me, this trade is considered lost already anyway.
11:51 scale in 100% on AUDJPY
12:27 as expected, the Break on AUDJPY became a fake, vWap, however, still looks upwards, scaling in another 30% to make the hedge distance smaller.
13:26 have to leave my Desk, will manually hedge the AUDJPY trade on 0.36% Gain
13:34 placing counter order instead of the hedge, just in case the price drops, leaving now
14:14 back on my desk, just to look AUDJPY dropping on me back to the breakout point, not so sure it’s wise to keep holding it as the TP2 is quite far away at 82.888
14:27 hedging at 0.4% gain as price dropping quite substantially
15:13 Reversing Hedge on AUDJPY as the Nikkei moves back up over the vWap, this may be a bit premature.
15:28 Frankfurt opening pushed the Dollar back to the vWap but there are signs of a reversal, which would be bad for the AUDJPY trade. allowing some extra drawdown to have it play out. as the Nikkei already reversing off the vWap to the upside. but it appears the dollar is a lot stronger now.
15:49 Dollar going up, Nikkei going down, buying AUDJPY looks like a lost cause at this moment just touched the vWap itself as well.
15:51 SwingFish-Helper hedged automatically AUDJPY (this maybe was too early, but will wait for London Opening first), still on 1600% margin, so nothing much to worry. just very disappointing how things turned out, but well, it’s Friday, probably some bug player loaded off some Yen before the Frankfurt opening, which would result in the Yen to go back up again)
15:57 3 minutes before London Pre-Market .. the dollar appears to lose its strength, returned back to the vWap, however the Nikkei still down, so we have to wait and see which one has the greater Force.
16:07 waiting till the Nikkei is green again .. still holding the hedge on AUDJPY
16:09 reversing Hedge on AUDJPY
16:23 reversing AUDJPY exit at breakeven. (unless the nikkei makes a substantial directional move)
16:26 set TP on AUDJPY to 82.651
16:33 close all trade early as the dollar starts to break down .. better take the profits before the Symbol reacts to it.
the original targets of 82.651 and 82.660 and 82.889 are however still in play
closing up now for the week on day trading.
Total Today: +4.019%
