318 | +1.85% | 1 Setup
again a late Wednesday got caught up in some admin stuff to finish and the Chatrooms.
so starting the day a bit late, with the surprised that if I were been on time I would be had a 53 pip trade on a 2 pip stop !!
well, that is just live. traded the top on the initial move from Tokyo to the next resistance, it took a while (and 2 hedges) but we got there after all.
Currency Data:
- Positive: CHF, GBP, JPY
- Negative: AUD, CAD, EUR, NZD
- Pair(s) to Watch: AUDJPYÂ (Sell), EURGBPÂ (Sell)
- Asia Session Events: Westpac Consumer Confidence [AUD], Leading Economic Index [JPY]
- Bank Holiday: Russia
09:20 Buying USDSGD to the trendline (which is a brutally late entry, should not have been going to sleep)
09:51 just 7 pips before the trendline, price on USDSGD starts to consolidate … my line may be wrong? Hedging and wait for a vWap retest
10:29 I was wrong, on M30 chart price did reach the Trendline already. guess will have to hold on the hedge for a little bit longer.
10:39 reversing Hedge below vWap (which is kind of dangerous) .. realizing a 0.862% gain
11:01 Decision time! (i should have hedged USDSGD quite some time ago already, but didn’t, DXY still on the way up (kind of) the odds are not in my favor anymore)
11:06 hedging with a full% more loss, DXY not made a higher high. but things still look kind of Bullish for the USDollar
13:01 reverse USDSGD hedge to Buy
14:47 missed the exit by 0.2 pips.
also noticeable, the vWap on DXY (white chart) is already bending downwards, not to exit was probably a mistake.
plus London Stock exchange opening coming up in 13 Minutes, this can also turn things quickly.
14:55 small spike up, closing everything to be save. USDSGD likely to go higher, but I won’t risk it at this point.
Total Today: +1.85%
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