Current positions
- USDCHF: (short 1 lot) profit at +505. Had a bullish outside bar today, could see a move up to my stop, or it could have just been people covering their shorts for the week. I'm still hanging on to my last lot with my stop at 1.1000. If we head on down, we're going into uncharted territory. Could be exciting! Also, if we see another bar to the upside, 14 period stoch will break the 23.6 level, but since this is my last lot, my money management rules tell me to trail it until it gets stopped out; however, if it were my first or second lot to exit, I would exit. Hope that makes sense.
New positions
- GBPUSD crossed down the 76.4 level, but weekly stochs are pointing up looking to break out of oversold, so I won't be taking this trade. It very well could continue to go down after that huge bearish bar, but I won't be in on it with this system.
- None other than that.
Pairs to watch
- EURUSD short if stochs break the 76.4 level and price can't break through the 1.4900 resistance.
- AUDUSD looks pretty flat
- No telling what USDCAD will do.
Current positions
- USDCHF: (short 1 lot) profit at +578. Finally broke that damn 1.09 level and previous low. I'm going to trail this final lot's stop via previous support levels now, and I have moved it to 1.1000.
New positions
- None
- Would love to get into the uptrend movement of EURGBP but our rules kept us out due to the fishnetting on the daily.
Pairs to watch
Current positions
- USDCHF: (short 1 lot) profit at +458p. Took profit of one lot at +458 as stochs crossed up the 23.6 level.
New positions
- None
- Think I missed a EURCHF long while I've been lazy with the updates, oops! Looks like a good "pin bar" setup on the weekly maybe.
Pairs to watch
Current positions
- USDCHF: (short 2 lots) profit at +450 after a slight gap down over the weekend. If today's bar ends up, it'll be another exit signal (crossing up of the 23.6) and I'll exit one lot.
New positions
Pairs to watch- It'll be interesting to see what GBPUSD does
- Long GBPJPY weekly?
Current positions
- USDCHF: (short 2 lots) profit at +490. Still up against these previous lows around 1.09. If we get to +600 I'm taking profit with one lot and moving my stop to 200p away with the final lot.
New positions
- Didn't take the signals today because of either looming downtrends on the daily or because Monday's bar was a US holiday with Tuesday bringing the largest fed rate cut in 23 years :)
Pairs to watch
- Probably nothing else this week at least.
Current positions
- USDCHF: (short 2 lots) profit at +465. Got close to my stop, but is now 209p away. We're nearing the 1.09 level again and a retest of the previous two lows. Part of me wants to close out another lot right now and bank that 465, but you never know what could happen. The stop is in place and I would still get 200+ pips if it hits it on 2 lots. Kind of depressing when I compare it to my losses so far, but I have to remember that I'm just getting going and hopefully I won't make the same mistakes and take losers with bad setups like I have been.
New positions
- Didn't take EURUSD long because weekly stochs are pointing down
- Didn't take AUDUSD long because weekly stochs are fishnetting
Pairs to watch
- USDCAD is interesting, because it has been in a strong daily uptrend recently, and might be about to break down the 76.4 level. Weekly stochs are messy and all pointing up and in overbought, so I probably won't be entering short if it does break the 76.4 on the daily. Unless of course weekly stochs straighten out first and the downtrend is still intact.
- EURJPY makes me uneasy about going long, even though we didn't go down past our previous low. Weekly stochs have peaked as of this writing, but the week isn't over yet and anything could still happen to them. We're right at a 61.8 retracement line on my chart, nobody screaming buy yet.
- GBPUSD could just keep on this downtrend, it's up against resistance now of a previous support. ST stochs have broken the wall on the weekly chart, and the 14 period is turning up. I might just wait until weekly stochs are above 23.6 to go long on the daily.
- EURGBP might give us a chance to go long, which would look like a pretty solid trade, as long as weekly stochs stayed in overbought.
- EURCHF has a huge down wave on the daily, but weekly stochs might be pulling back up, and might see a break of 23.6 up on the daily. Long position will need more analysis, but I'm not getting my hopes up.
Current positions
- USDCHF: (short 2 lots) profit at +306. Close to my SL that I set when I was way up. Starting to think that if I'm way up, I should take profit with at least one lot, I don't know...maybe not. I am still trying the 3 lot thing, so I'll have to see how that works out still.
New positions
Pairs to watch
- Everything looking pretty stale
