Went Long today on UJ, target wise, I just got lucky, otherwise I would be probably have locked in 0.80% and got tagged out after London KZ. I closed +12.60% for the month.
Ideally should be holding this, however because I don't have much confluence factors for that, just targeting 4R. Currently set to Breakeven. There was a sub position that I took and got out for 3R.
The lesson I learnt was to lock in at least 2R after trade has run past 4R. And just collecting small wins + big wins (with small 2R locked) can make a month worth it.
yesterday closed after CBDR at 11R(took one loss prior to that),UJ gave entry from PD area with POI. Currently shorts again, breaker-block from NY yesterday. Took 1 trade prior to this, had breakevren. This trade now has been set to breakeven already. Holding for 9R.
Looking for confirmation on 4hr, before looking for retracements to short.
This is on USD/SGD, we can see for the last 7-9 years we have corrected through from 1.30-1.40 most of the time. This is a repeated pattern. Unless the US Economy faces recession, it is definitely a very sane&save investment.
Lesson: Red news price can extend a little more towards CBDR.
EUR/USD Breakeven USD/JPY still expecting it to go bearish (need to check again if I am having confirmation bias and this pair is diverging from norm. But stops are fixed max -2% for the day.
Shifted back again to 1.00% stops, last 15m to hour we are expecting bearish close. Happy to take this loss
Extended stops to match EU & DXY, delayed response expected from UJ, but this is the last line of stops. All I want to focus on is to "survive" this hour's closing.
Correlation to DXY (Daily Open) EUR/USD (Asian Sweep, FVG, Manipulation to Consolidation) USD/JPY (1hr & 15m FVG Overlap) (Pushed out of consolidation confirmed) Had a long entry this morning closed for +2.3% on EU Confluence: Took Daily Low, 15m FVG within consolidation CBDR Time
Trade 1: TP1: 50% at 1:1 = +0.50% TP2: 50% at 1:6.7 = +3.35% Trade 2(Scale in): - 1.00% Trade 3(Scale in): +3.69% Total: +6.54%
Currently Long on UJ after FOMC, we took out low of the Asian range which led us out of a consolidation range, DXY was giving the same reaction after taking out a daily low. Potentially to turn around, but it is just an idea. I trade my plan you trade yours. I have taken out 50% of my lots on this at 1:1, and already set to breakeven. So worst case scenario...