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Euro / Japanese Yen

This Week's Focus; EUR, GBP and their Crosses (USD & JPY)

By Nemo_Confidat
Updated
This coming week, these are the places where we will be keeping an eye out for any "sudden moves" :-)

GBPUSD
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EURGBP
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USDJPY
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... and, of course, the Title Chart ...
EURJPY
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... and, just as a general reference point... Here is where the USD (DXY) currently sits:
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Trade active
SHORT
This is rather unrelated - and a total dog; SNB manipulation!! - but...
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... we're going to go along for the Stop Hunt here.
BUT, since we are in a Stop Hunt here, you will be extra careful! - Right?!
Trade active
LONG
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Comment
LONG
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Buy it up w. a 15-20 pip Stop!
Comment
The EURJPY is the Main Trade here!
So don't meddle in the other 2 (USDCHF, EURGBP) unless you have to - for some strange reasons :-)
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Trade closed: stop reached
EURJPY; Stopped out @123.627
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They got us here for -28 pips.
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EURGBP
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Trade closed: target reached
We are outta here, for now... FLAT
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Closed out Longs on Target: @0.9195
Comment
EURGBP +36 pips
Comment
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Trade active
EURJPY; LONG
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Bought this up (something fierce!!) @122.750 w. Stops @122.59 (16 pips)
Target: 123.50
Comment
GBPUSD
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Be on the look out around here...
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Comment
If they got you here, on the Stop Hunt...
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... just get back in now - Long - or wait for 122.75 to get stopped back in long.
Trade active
LONG
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20 pip stops!
Trade closed: target reached
EURJPY - Closed out LONGs
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@123.37, for +62 pips. Sitting FLAT, for now...
Comment
USDJPY; Closed out LONGs
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@104.72 (Trailing Stop hit) for +54 pips.
Sitting FLAT, for now...
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Today's Totals, so far (for easier tracking);
=============================================
EURJPY; -28 pips +62 pips = 34 pips; (If they got you on the 2nd stop hunt, too, then take off 15 pips.)
EURGBP; +36 pips
USDJPY; +54 pips
----- Currently either +109 or +124 pips (see above) -----
Additionally;
USDCHF; -45pips - open;
AUDCAD; +30pips - in this post:
AUDCAD Massive SHORT - 4hr.
Comment
Thus, currently we are cruising ~ +100 pips, as it stands.
Mondays suck! Believe that!! So far, these were not "great trades" but rather difficult ones, no?! (But hey, +100 pips and the day is still young...) - Cheers
Trade active
GBPJYP; LONG
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Trade closed manually
@133.98, for +8 pips. w FLAT here....
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Looks like we are pretty much done for the day here as everything is settling in for the evening.
===========================================================
Today's Total: +113 pips (including our open -38 pips in the USDCHF)
===========================================================
No great shakes but it's a Monday after all. We should do much better as the week progresses, right?! Until next time... Good luck out there!
Comment
While still no trade here...
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Currently FLAT.
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Currently FLAT
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Keeping a close eye on this one, as well.
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Currently FLAT
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Told you this was a MASSIVE Stop Hunt, didn't I?!
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Got +54 pips out of this in 8 minutes. (That didn't suck :-) Still in focus here.
Comment
========= Focus on GBP and it's Crosses, going into tomorrow =========!!
Trade active
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EURGBP
To OPEN: Buy Stop 0.9183, w. 12 pip Trailing Stop.
Target: 0.9217
Trade active
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GBPUSD
To OPEN: BUY Limit @127.98; Stop @ Stop @127.82
Target: 128.50
Trade active
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GBPJPY
To OPEN: BUY Stop @134.05; w. 40 pip Trailing Stop.
Target: 135.00
Comment
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EURJPY
To OPEN: BUY Limit @122.85; w. 22 pip Trailing Stop.
Target: 123.50
O.C.O.
To OPEN: BUY Stop @122.98; w. 23 pip Trailing Stop.
Comment
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USDJPY
To OPEN: BUY Stop @104.57; 17 pip Trailing Stop.
Target: 105.00
Comment
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IFF you got stopped out of the GBPJPY then BUY (Long) the EURJPY
market, w. 22 pip Trailing Stop.
Trade closed: stop reached
GBPUSD; Stopped out @127.82, for -16 pips
Comment
In reference to the above; If you prefer the EURJPY to the GBPUSD then
To OPEN: Buy (Long) EURJPY market (currently @122.68), w. 23 pip Trailing Stop.
Target:123.50
Trade active
GBPUSD; BUY Stop 1.2748, w. 25 pip Trailing Stop.
Target: 1.2850
Trade closed: target reached
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+35 pips
Trade active
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To OPEN: SELL (Short) EURGBP market, w. 23 pip Trailing Stop.
Comment
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EURGBP; BOOM!! Tighten Trailing Stops to 17 pips!
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EURGBP; Tighten Trailing Stops to 13 pips!
Trade closed: target reached
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BOOM!! Trailing Stops hit @0.9173.
+44 pips
Trade closed: target reached
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GBPUSD Closed out LONGs manually @1.2833;
+84 pips
Comment
It's Tue., 05:00 EST and we are FLAT in all Forex pairs, for now.
So far, this (half) session's Total: ====== +119 pips =====
to be continued...
Trade active
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GBPUSD
To OPEN: Buy Limit 127.39; Stop @1.2692
Target: 128.00
Trade closed: target reached
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+39 pips
Trade active
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EURGBP; SOLD (Short) @0.9202, w. 17 pip Trailing Stop.
Trade closed manually
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GBPUSD Closed out LONGs manually @1.2737;
-2 pips
Trade active
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Comment
Tue., 16:30 EST; - Mostly FLAT, except where otherwise indicated.
---------------------------------------------------------------------------------------------
Today's session Total: ******* +156 pips ******** , not including open positions.
This week's Running Total: ==== +269 pips ====, so far.
---------------------------------------------------------------------------------------------
Trade closed: target reached
Somewhat unrelated nevertheless, Forex...
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Grabbed the "mandatory" +150 pips, on this, Weekly position...

...in this post:
AUDCAD Massive SHORT - 4hr.
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Sept. 23., Wednesday - 03:00
-------------------------------------
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Trade active
Watching THIS...
AUDJPY 4hr. SELL; About to take a nasty spill!

... very closely, at the moment.
Trade active
EURJPY - LONG
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Trade active
EURUSD - LONG
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Trade active
EURGBP - SHORT
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Trade closed: target reached
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... for an other +49 pips. (For the 4th time?... see: other 3 EURGBP trades above.) Over +200 pips just in this one in <48 hours. :-) One can only hope that BoJo would keep on meeting/talking because every time he opens his mouth... it's Miller Time!
Trade active
EURUSD - LONG; IFF you got Stopped out (-3 pips) then ...
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... see in chart! (Should be - very LONG!! -, here.)
Trade closed: stop reached
Scratched in the (above) EURUSD trade - 0 pips.
Trade closed: stop reached
EURJPY; Stopped out for +15 pips - Trailing Stop.
Trade closed: target reached
Wed., 16:30 EST; - FLAT, except where otherwise indicated.
----------------------------------------------------------------------------------------------
Today's session Total: ******* +64 pips ******** , not including open positions.
This week's Running Total: ==== +333 pips ====, so far.
+ Target reached in AUDCAD (see above), and closed out for +150 pips, held
==== since last Thursday, 09-17-2020, for a 6 day Running Total: +483 pips ====
Trade active
IF you are also trading the Nasdaq100 E-mini...
Nasdaq100 E-mini; Next week's Trading Guide; Hourly

... might want to follow this - Nasdaq100 - active post.
Trade active
EURJPY - LONG;
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Buy it up! Target: 123.50
Trade active
AUDUSD - LONG;
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Trade active
EURUSD - LONG;
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Buy - LONG, market; w.33 pip Trailing Stop.
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EURUSD - 5 min - already LONG.;
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Most likely Price Action - for reference only.
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Let's see how it turned out - continued from above;
EURUSD - 5 min. -, 09-24-2020, 02:05 EST. Real Time trading!
5 min. later:
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35 mins. later
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45 mins. later
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60 mins. later
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70 mins. later
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95 mins. later
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100 mins. later
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120 mins. later
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145 mins. later
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.... and so on. - and No, it is Not PhotoShop(ped! :-) How about that?! - Looks pretty much on target, right?!...

*** And this is one way to enter a position trade / market turn, while maintaining tight, 7-8 Stops which guaranteed (in this instant) a <1:5 Risk/Reward Ratio, throughout this particular market turn. ***

Importantly, while this turn was unfolding one could also gain 2 pieces of essential information / "thing"
1) While having raked up ~ +40-60 pips in easy profits, to be used to load up here, if this is the actual market turn;
2) Towards the conclusion of this chart segment, is becoming evermore clear that this here may not be the actual, final turn - thus, a warning to hold you horses.
What else does one really need?!....
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... and here it is, the same market (EURUSD)...

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... "many" minutes later.

(... and now back to live trading.)
Trade closed manually
Ohh, and BTW, we did obviously cleared +48 pips (rather rapidly) on this back-and-forth, here... so don't forget to chalk it up to the daily totals! :-)
Currently sitting FLAT, though - as should you!
Comment
Watch this like a hawk!!
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Comment
This - GBPUSD - is likely to make a break for it, one way or the other...
Trade active
AUDUSD - LONG;
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Target: 0.7070
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Wait for it...
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Trade active
EURGBP - SHORT
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Stop @ 0.9164
Trade closed: target reached
AUDUSD - Closed LONGs @70.70
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BOOM!! - for +50 pips
... and now, SHORT w. Target: 70.50.
Trade closed: target reached
AUDUSD - Closed out SHORTs @0.7050
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... for +20 pips. - And now, FLAT here.
Trade closed: target reached
As a side note: Nasdaq100;...
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... grabbed +262 points here, just recently, having closed out the LONGs just now. - Now FLAT. :-)
Comment
... which live trades could be (still) followed in this active post:
Nasdaq100 E-mini; Next week's Trading Guide; Hourly

of course.
Comment
Thur., 17:15 EST; - FLAT, except where otherwise indicated.
----------------------------------------------------------------------------------------------
Today's session Total: ******* +65 pips ******** , not including open positions. (Meager as this may be, having spent the better part of the day trading the Nasdaq for +262 points in profits! :-) This week's Running Total: ==== +398 pips ====, so far.
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Good luck out there
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CADJPY
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Wait for it...
Trade active
EURJPY- LONG
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Trade active
USDJPY - SHORT
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Trade active
EURGBP - LONG
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Trade active
BHuy, buy, buy....
EURGBP
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Now, now,now!!!...
Order cancelled
EURJPY trade is cancelled!
Order cancelled
USDJPY is Cancelled!
Trade active
CADJPY - LONG
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Buy, buy, buy!!!...
Trade active
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Comment
CADJPY - LONG
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Trade closed manually
CADJPY - FLAT; @78.89
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+4 pips
Order cancelled
09-25-2020, Friday; ====-============== WEEK END ===========================

Today's Session Total: ****************** -9 pips **********************
This Week's End Total: ***************** +390 pips *******************
Current FX Positions: FLAT
=======================================================================
Good luck out there!
Comment
.
************************************************************
Weekly Net R.O.I., Sept., 21-25, 2020: +21.67%
************************************************************
Comment
2 weeks (10 trading days) Net P/L:
.
FX *********************************************************
Weekly Net R.O.I., Sept., 14-18, 2020: +11.56%
************************************************************
FX *********************************************************
Weekly Net R.O.I., Sept., 21-25, 2020: +21.67%
************************************************************
Comment
The "other half" of 2 weeks of Live Trading profits...
.
Nasdaq100 *********************************************
+561.5 points;
Weekly Net R.O.I., Sept., 14-18, 2020: +35.1%
***********************************************************
Nasdaq100 *********************************************
+212.25 points;
Weekly Net R.O.I., Sept., 21-25, 2020: +13.25%
***********************************************************
... can be followed in this post:
Nasdaq100 E-mini; Next week's Trading Guide; Hourly
EURGBPeurgbpforecasteurjpysignalGBPJPYgbpjpyanalysisGBPUSDHarmonic PatternsTrend AnalysisUSDJPYusdjpylong
Nemo_Confidat

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