GBPAUD

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%

Note

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...

Note

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?

Note

Taken 10% profit and sl to breakeven

Note

So far i think i matched the right pair

Note

wrong chart above

Note

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.

Trade closed: stop reached

Stop hit. Total profit 0.5%

john_everist

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john_everist