205 | +1.27% | 3 Setups
09:15Â December 1 .. and a Friday. after yesterdays drop in USD, Nikkei followed this morning, leaving the market in an interesting situation.
Currency Data now:
- Positive:Â EUR, CAD
- Negative: JPY, AUD
- Pair(s) to Watch: EURJPYÂ (Buy)
- NO Planned News in Asia Session.
09:23Â Buying GOLD, maybe not such a wise idea as we at the Pivot we have about 80pips to the upper trendline
09:24 Shorting USDJPY for a quick scalp
09:29 manually hedging USDJPY, reversing is quickly after to a long position.
this move is likely only the reaction of the Nikkei retracing to the vWap.. so caution
9:41 closing USDJPY Trades leaving a 0.255% loss.
09:48 Scaling in in GOLD buy at the vWap, this may not work though, there is very little volume right now.
getting ready to hedge
09:56 Hedging Gold, was maybe a bit premature, but that’s how it is if your positions are too big 😉
10:15 buying USDJPY for 112.791
10:20 Adding 40% to the USDJPY Position, as the Nikkei crosses the vWap.
10:32 lost patience .. reversing GOLD (Sell) & USDJPY (Buy)
11:44 scaling in USDJPY 60%
12:45 Closing USDJPY and GOLD with a small gain paying for about half of the hedges I made before.
USDollar starts to drop. so things may change. generally, the target of 112.791 still stands for USDJPY.
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- USDJPY
-
- GOLD
13:03 Buying Gold for 1277
13:10 the gold trade was a bad idea we right at a major trendline
.. I will try to get out of it without hedging.
13:14 exit GOLD Buy with 0.002% gain 🙂
13:16 quick scalp Buy on Momentum for USDJPY gaining 0.21% in like 2 Minutes)
13:24 re-Buy USDJPY
13:41 scaling in on USDJPY Buy
15:09 scaling out 15% as volatility picks up and the direction is not exactly clear yet.
the Euro gaining massive .. this may lead to a USDJPY drop.
15:26Â reversing all positions to sell (still above vWap, but the evidence that price will fall is overwhelming.) realizing a 2.9% loss.
15:35 closing 50% of the sell Sell positions gaining 0.98%
15:41 re-entering USDJPY sell
16:17 exit USDJPY Sell on Trendline. however, the trendline broke and there is another one just a few points below. so i re-entered with scalp positions downwards to it and exited with a tiny gain. all together gained 1.1015%
Closing up Shop for today, it’s been serval hours for such a small gain, it can’t get any better i guess. and we should not push the luck. calling it a Green Friday
Total Today: +1.27%
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