I lose money when I do not follow my strategy/system/rules. Going into the Asian session on Wednesday, June 27, 2018, USD was bid the whole North American session. It was relentless, flow going one way. Desks must have been paid all day. I participated in the move. I had a …
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Tuesday’s trading session was as exciting as the volatile FX markets can be. The Euro caught a bid on a rumor reported through Bloomberg that the ECB is said to see June 14 as a live meeting to debate the QE exit. I was fully loaded trading USDCAD but couldn’t …
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I will be updating in the morning going into the NY session. EURUSD: Overall EURUSD will struggle to move above 1.18 in short-term. The newly formed Italian government eased uncertainty end of last week, but there are still worries given the fiscal path that the new populist Italian government will …
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One of the rules I have is not to put on positions late in the day during the New York session unless there is market-moving news I can capitalize on. As a human trader, I break my rules more often than I would like to. I put on a long …
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The US and UK are on holidays but I am certainly not. I realize trading is thin but there are still opportunities in USDCAD (oil down) and EURUSD (Italy woes). USD was bid overall and DXY hit 94.46. I did think last week that 94 will be a strong resistance …
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Quick note here. $DXY hit 94 and I consider this a key area to watch out for. I do see a possibility of fading this area. US 10 year yield is going lower here and DXY could follow. $EURUSD hit a low of 1.1720 and I have 1.171o as an …
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Monday is a holiday here in Canada. Happy Victoria Day! Usually, I do not trade much Sunday night. I do prepare for the week ahead. I read some research and look at charts. But I opened up my charts and liked the action. I went long $USDJPY at 111.82 (Daily …
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I was feeling sick last night. It screwed my routine. Lacking sleep, I woke up usual at 5 a.m. but tired. Contrary to the customary I did not check FX prices. I did not open my Bloomberg app. I showered and got dressed up. The markets were not in my …
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