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

EURGBP

USDJPY

... and, of course, the Title Chart ...
EURJPY

... and, just as a general reference point... Here is where the USD (DXY) currently sits:

Trade active

SHORT
This is rather unrelated - and a total dog; SNB manipulation!! - but...

... 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

Note

LONG

Buy it up w. a 15-20 pip Stop!

Note

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 :-)

Note

Trade closed: stop reached

EURJPY; Stopped out @123.627

They got us here for -28 pips.

Note

EURGBP

Trade closed: target reached

We are outta here, for now... FLAT

Closed out Longs on Target: @0.9195

Note

EURGBP +36 pips

Note

Trade active

EURJPY; LONG

Bought this up (something fierce!!) @122.750 w. Stops @122.59 (16 pips)
Target: 123.50

Note

GBPUSD

Be on the look out around here...

Note

If they got you here, on the Stop Hunt...

... just get back in now - Long - or wait for 122.75 to get stopped back in long.

Trade active

LONG

20 pip stops!

Trade closed: target reached

EURJPY - Closed out LONGs

@123.37, for +62 pips. Sitting FLAT, for now...

Note

USDJPY; Closed out LONGs

@104.72 (Trailing Stop hit) for +54 pips.
Sitting FLAT, for now...

Note

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:

Note

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

Trade closed manually

@133.98, for +8 pips. w FLAT here....

Note

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!

Note

While still no trade here...

Currently FLAT.

Note

Currently FLAT

Keeping a close eye on this one, as well.

Note

Currently FLAT

Note

Told you this was a MASSIVE Stop Hunt, didn't I?!

Got +54 pips out of this in 8 minutes. (That didn't suck :-) Still in focus here.

Note

========= Focus on GBP and it's Crosses, going into tomorrow =========!!

Trade active

EURGBP
To OPEN: Buy Stop 0.9183, w. 12 pip Trailing Stop.
Target: 0.9217

Trade active

GBPUSD
To OPEN: BUY Limit @127.98; Stop @ Stop @127.82
Target: 128.50

Trade active

GBPJPY
To OPEN: BUY Stop @134.05; w. 40 pip Trailing Stop.
Target: 135.00

Note

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.

Note

USDJPY
To OPEN: BUY Stop @104.57; 17 pip Trailing Stop.
Target: 105.00

Note

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

Note

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

+35 pips

Trade active

To OPEN: SELL (Short) EURGBP market, w. 23 pip Trailing Stop.

Note

EURGBP; BOOM!! Tighten Trailing Stops to 17 pips!

Note

EURGBP; Tighten Trailing Stops to 13 pips!

Trade closed: target reached

BOOM!! Trailing Stops hit @0.9173.
+44 pips

Trade closed: target reached

GBPUSD Closed out LONGs manually @1.2833;
+84 pips

Note

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

GBPUSD
To OPEN: Buy Limit 127.39; Stop @1.2692
Target: 128.00

Trade closed: target reached

+39 pips

Trade active

EURGBP; SOLD (Short) @0.9202, w. 17 pip Trailing Stop.

Trade closed manually

GBPUSD Closed out LONGs manually @1.2737;
-2 pips

Trade active

Note

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...

Grabbed the "mandatory" +150 pips, on this, Weekly position...

...in this post:

Note

Sept. 23., Wednesday - 03:00
-------------------------------------

Note

Trade active

Watching THIS...

AUDJPY 4hr. SELL; About to take a nasty spill!

... very closely, at the moment.

Trade active

EURJPY - LONG

Trade active

EURUSD - LONG

Trade active

EURGBP - SHORT

Trade closed: target reached

... 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 ...

... 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;

Buy it up! Target: 123.50

Trade active

AUDUSD - LONG;

Trade active

EURUSD - LONG;

Buy - LONG, market; w.33 pip Trailing Stop.

Note

EURUSD - 5 min - already LONG.;

Most likely Price Action - for reference only.

Note

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:

35 mins. later

45 mins. later

60 mins. later

70 mins. later

95 mins. later

100 mins. later

120 mins. later

145 mins. later

.... 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?!....

Note

... and here it is, the same market (EURUSD)...

... "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!

Note

Watch this like a hawk!!

Note

This - GBPUSD - is likely to make a break for it, one way or the other...

Trade active

AUDUSD - LONG;

Target: 0.7070

Note

Wait for it...

Trade active

EURGBP - SHORT

Stop @ 0.9164

Trade closed: target reached

AUDUSD - Closed LONGs @70.70

BOOM!! - for +50 pips
... and now, SHORT w. Target: 70.50.

Trade closed: target reached

AUDUSD - Closed out SHORTs @0.7050

... for +20 pips. - And now, FLAT here.

Trade closed: target reached

As a side note: Nasdaq100;...

... grabbed +262 points here, just recently, having closed out the LONGs just now. - Now FLAT. :-)

Note

... which live trades could be (still) followed in this active post:

of course.

Note

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.
----------------------------------------------------------------------------------------------
Good luck out there

Note

CADJPY

Wait for it...

Trade active

EURJPY- LONG

Trade active

USDJPY - SHORT

Trade active

EURGBP - LONG

Trade active

BHuy, buy, buy....
EURGBP

Now, now,now!!!...

Order cancelled

EURJPY trade is cancelled!

Order cancelled

USDJPY is Cancelled!

Trade active

CADJPY - LONG

Buy, buy, buy!!!...

Trade active

Note

CADJPY - LONG

Trade closed manually

CADJPY - FLAT; @78.89

+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!

Note

.
************************************************************
Weekly Net R.O.I., Sept., 21-25, 2020: +21.67%
************************************************************

Note

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%
************************************************************

Note

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:

Nemo_Confidat

Also on:

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