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Wednesday, May 14, 2014

Wed May 14th - Too many to monitor!

Trades triggering at various times regardless of Report times makes it difficult to catch 'em all.  Obviously if London session had this kind of opportunity more often I'd use 3 monitors and be all over them.  Lately LDN has been dead - there can be moves, but I need to see logic or I won't enter.  Often they grind in one direction for hours without adequate pullbacks to get in at proper Reward:Risk locations.  Then again that's what 9 pairs are for - catching some kind of win somewhere and being done with the day.

EURAUD had a nice short an hour after LDN Open. I missed it mainly because I saw it inside a 40 pips range between 4580 and 4621 (see 30m lines).  The MAs were angled nicely to expect they'd hold for a good short, but I need convincing that the look of the chart agrees with the day's mood. 

GBPUSD was a short view only.    There was a pb short in between them, but seeing 2 red reports an hour apart (blue lines on 3m) made me want to wait out the wackiness.  Unfortunately that meant they moved so much already.

The plan was still to go short, but I needed an upside fakeout to try it...... 


The 6pm collapse on 3m said sellers were still controlling so I stalked a fof short.  In at 80 and out Part1 at +6 and trailed P2 for +10.  Part2 missed my tgt by a few pips.  It sucks to miss out on +20 and instead to take half that amount but that's typical.

NZDUSD was a pb buy in very choppy conditions. 30m lead the way, but it took lots of belief it'd work seeing how choppy the 3m was.  It looks like an easy buy, but it felt like it couldn't even move 5 pips.  In at 55 and exited for +4 which is just as well coz it hit resistance and got smacked down.

Summary: 1W for +8 overall. 3 missed trades mostly due to reports.

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