NOTES
NZD is the control pair and strongest but I thinks its over extended.
I'm awaiting a final push up for entry
I'm not even going to watch this one - alarm for entry, SL, TP
FOR
Negative GBP news
AUD strong
space in the 1h envelope
space on the 1h stoch
AGAINST
Late to be getting in
4h stoch up
STOPLOSS
Behind 1 hour ema
15m seller
Above recent highs and channel
ENTRY TYPE
Sell limit
RR
4:!
Barriers to TP
S+R from daily going up
Fundamentals
00:45 NZD PPI Input (QoQ) (Q1) -0.3% 0.1%
03:30 AUD RBA Meeting Minutes
06:30 JPY Industrial Production (MoM) (Mar) -3.7% -3.7% -0.3%
08:00 GBP Average Earnings Index +Bonus (Mar) 2.4% 2.6% 2.8%
08:00 GBP Claimant Count Change (Apr) 856.5K 676.5K 12.1K
08:00 GBP Employment Change 3M/3M (MoM) (Mar) 211K 50K 172K
08:00 GBP Labour Productivity -1.1% 0.3%
08:00 GBP Unemployment Rate (Mar) 3.9% 4.4% 4.0%
NZD is the control pair and strongest but I thinks its over extended.
I'm awaiting a final push up for entry
I'm not even going to watch this one - alarm for entry, SL, TP
FOR
Negative GBP news
AUD strong
space in the 1h envelope
space on the 1h stoch
AGAINST
Late to be getting in
4h stoch up
STOPLOSS
Behind 1 hour ema
15m seller
Above recent highs and channel
ENTRY TYPE
Sell limit
RR
4:!
Barriers to TP
S+R from daily going up
Fundamentals
00:45 NZD PPI Input (QoQ) (Q1) -0.3% 0.1%
03:30 AUD RBA Meeting Minutes
06:30 JPY Industrial Production (MoM) (Mar) -3.7% -3.7% -0.3%
08:00 GBP Average Earnings Index +Bonus (Mar) 2.4% 2.6% 2.8%
08:00 GBP Claimant Count Change (Apr) 856.5K 676.5K 12.1K
08:00 GBP Employment Change 3M/3M (MoM) (Mar) 211K 50K 172K
08:00 GBP Labour Productivity -1.1% 0.3%
Comment:
Comment:
I'm not worried yet - I'm getting tails, weak green candles and low volume which is encouraging. I f**ked up the USDJPY trade by messing with it so I'm leaving this alone...
Comment:
Its dropping with volume. I want to close some of the trade but I'll hold it open. Its hit the 1h envelope so can it go further?
Comment:
Taken 10% profit and sl to breakeven
Comment:
So far i think i matched the right pair
Comment:
wrong chart above
Comment:
Price is retracing with shrinking volume. So still down biased...
If I took profit at the 1h envelope it would have been a 2.5:1. Instinct told me to close half but I only closed 10%. After such a strong push price generally retraces. I seem to be making good calls but my trade management is appalling.
If I took profit at the 1h envelope it would have been a 2.5:1. Instinct told me to close half but I only closed 10%. After such a strong push price generally retraces. I seem to be making good calls but my trade management is appalling.
Trade closed: stop reached:
Stop hit. Total profit 0.5%