TRADING PLAN Thursday 28-05-20
Updated
DAILY PLAN
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NEWS
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AUD news last night
NZD news last night
EUR news morning
USD news afternoon *2no high impact
Notes
USD - 100,000 covid deaths
USD - drops HK autonomy
USD - oil surplus up
UK - Cummings row
LONG TERM STRENGTH
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Strong
AUD
NZD
(some CAD)
Weak
GBP
JPY
(some CHF)
SHORT TERM CORRELATION
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Strong
AUD
NZD
CAD
JPY (not USD)
USD
Weak
EUR
CHF
GBP
YESTERDAY SUMMARY
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AUD pullback - construction reduced 2%
NZD pull back - pegged to AUD? Lesser pullback
EUR push - news - 500 bil finance package
STRENGTH EXPECTATION
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EUR strength
USD weakness
Continued AUD and NZS weakness
TECHNICAL ANALYSIS NOTES
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OIL at top of range - CAD weakness coming?
CADJPY strength petering out at W21EMA
AUDCAD sitting on D21EMA
AUDCHF sitting on prev daily high
EURCAD bottom of range
EURGBP space to go up
EURUSD through daily range
USDCAD hovering about W21EMA
CHFJPY through W21EMA and M21EMA
NZDJPY through W21EMA
TRADE CONCEPTS
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Exploit EUR strength
Exploit AUD pull back
Ride EUR news morning
Ride USD news afternoon
INSTRUCMENT SELECTIONS
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AUDGBP
AUDJPY
AUDUSD
EUDUSD for afternoon because of news???
PERSONAL NOTES
---------------------------------------------------
Be more aggressive
-if scared reduce lot size
-reduce expected pull back
-reduce RR expectation
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NEWS
---------------------------------------------------
AUD news last night
NZD news last night
EUR news morning
USD news afternoon *2no high impact
Notes
USD - 100,000 covid deaths
USD - drops HK autonomy
USD - oil surplus up
UK - Cummings row
LONG TERM STRENGTH
---------------------------------------------------
Strong
AUD
NZD
(some CAD)
Weak
GBP
JPY
(some CHF)
SHORT TERM CORRELATION
---------------------------------------------------
Strong
AUD
NZD
CAD
JPY (not USD)
USD
Weak
EUR
CHF
GBP
YESTERDAY SUMMARY
---------------------------------------------------
AUD pullback - construction reduced 2%
NZD pull back - pegged to AUD? Lesser pullback
EUR push - news - 500 bil finance package
STRENGTH EXPECTATION
---------------------------------------------------
EUR strength
USD weakness
Continued AUD and NZS weakness
TECHNICAL ANALYSIS NOTES
---------------------------------------------------
OIL at top of range - CAD weakness coming?
CADJPY strength petering out at W21EMA
AUDCAD sitting on D21EMA
AUDCHF sitting on prev daily high
EURCAD bottom of range
EURGBP space to go up
EURUSD through daily range
USDCAD hovering about W21EMA
CHFJPY through W21EMA and M21EMA
NZDJPY through W21EMA
TRADE CONCEPTS
---------------------------------------------------
Exploit EUR strength
Exploit AUD pull back
Ride EUR news morning
Ride USD news afternoon
INSTRUCMENT SELECTIONS
---------------------------------------------------
AUDGBP
AUDJPY
AUDUSD
EUDUSD for afternoon because of news???
PERSONAL NOTES
---------------------------------------------------
Be more aggressive
-if scared reduce lot size
-reduce expected pull back
-reduce RR expectation
Note
DAILY TRADE DETAILS---------------------------------------------------
I've just dived in on GBPAUD. Fed up of missing good calls - so maybe this is the bad one...
Note
Daily Trade DetailsI took the EURUSD as per the plan
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