TRADE PLAN - FRIDAY 29-05-20
Updated
***YESTERDAY***
Price Action
---------------------------
USD dropped hard
CHF, EUR gently strengthened
GBP pulled back
JPY strengthen in the night
News
---------------------------
USD - lots of news generally bad (HI)
AUD and NZD - minor bad
CAD - bad
(of course its all bad so does it have any meaning. I guess it means good news is VERY powerful)
***TODAY***
NEWS
---------------------------
(all news is bad (covid) so does bad news mean anything???)
complete
JPY(5) - bad (pos reaction)
AUD(1) - bad
EUR(1) - neutral
morning
EUR(9(1HI))
CHF(1)
afternoon
USD(7)
CAD(5)
evening
usd... its friday...
STRENGTH
---------------------------
Strong
AUD
NZD
Weak
USD
JPY
CORRELATION
---------------------------
JPY
AUD
TRADE CONCEPTS
---------------------------
EURUSD is gone...
JPY news
JPY pull back
GBP pull back - will gbp ride EUR wave??? can i trade them?
EUR strength
EUR news
USD weakness - but news in afternoon. Will EUR movement push it?
technically theres a lot happening
its Friday so im packing up at lunch i think
-My gut is telling me USD has moved
INSTRUMENT SELECTION
---------------------------
EURJPY
AUDJPY - sitting on daily level. Pulled back in general but not to AUD
CHFJPY - fighting at EMAs
EURJPY - looking nice. Watch for stop hunting - look too easy
technically AUD jpy is a cleaner trade but EURJPY has news and momentium. I feel like AUD momentum is dying. Am i over thinking this?
EURJPY
AUDJPY
JPY
NOTES
---------------------------
I'm not a home and not on my computer. Awkward on laptop and I feel uncomfortable with people wondering what ive been doing for 1.5 hours
Price Action
---------------------------
USD dropped hard
CHF, EUR gently strengthened
GBP pulled back
JPY strengthen in the night
News
---------------------------
USD - lots of news generally bad (HI)
AUD and NZD - minor bad
CAD - bad
(of course its all bad so does it have any meaning. I guess it means good news is VERY powerful)
***TODAY***
NEWS
---------------------------
(all news is bad (covid) so does bad news mean anything???)
complete
JPY(5) - bad (pos reaction)
AUD(1) - bad
EUR(1) - neutral
morning
EUR(9(1HI))
CHF(1)
afternoon
USD(7)
CAD(5)
evening
usd... its friday...
STRENGTH
---------------------------
Strong
AUD
NZD
Weak
USD
JPY
CORRELATION
---------------------------
JPY
AUD
TRADE CONCEPTS
---------------------------
EURUSD is gone...
JPY news
JPY pull back
GBP pull back - will gbp ride EUR wave??? can i trade them?
EUR strength
EUR news
USD weakness - but news in afternoon. Will EUR movement push it?
technically theres a lot happening
its Friday so im packing up at lunch i think
-My gut is telling me USD has moved
INSTRUMENT SELECTION
---------------------------
EURJPY
AUDJPY - sitting on daily level. Pulled back in general but not to AUD
CHFJPY - fighting at EMAs
EURJPY - looking nice. Watch for stop hunting - look too easy
technically AUD jpy is a cleaner trade but EURJPY has news and momentium. I feel like AUD momentum is dying. Am i over thinking this?
EURJPY
AUDJPY
JPY
NOTES
---------------------------
I'm not a home and not on my computer. Awkward on laptop and I feel uncomfortable with people wondering what ive been doing for 1.5 hours
Note
DAILY TRADE DETAILS---------------------------
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