TheBramble's Short-Term Spot FX Biases

TheBramble

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Here's where I'm at right at this moment. Trading the m15 for short-term, short-lived speculative plays on Spot FX. Not currently in any trades.

AUDs turning Bullish.
EURs still Bullish (except EURAUD and we don’t talk about EURCHF these days…)
GBPCHF Bearish
GBPJPY just turning Bullish
GBPUSD – a mess. No idea.
USDCAD – not as much of a mess as cable, but none too pretty. Just turning Bearish.
USDCHF – Bearish
USDJPY – Just turning Bullish
 
Potential Short brewing on EURAUD. Stop tentatively at 2910. 1st target provisionally 2856. Likely entry point below 2878. R:R 32:22.
 
i'll track you for fun, tony, but play it differently and look to short around 905 with stop around 918
 
EC OECD Economic Outlook in 8 mins. Not major news, but I'm not going to be getting an entry signal ahead of that anyhow.
 
Even if it doesn't buckle shortly, I'll be keeping an eye on EURAUD up to 2920 where there could be Resistance at Yesterday's Low and even more so at 2925 where there is a 3-line whip (Today's Open, Weekly PP & a proprietary [but don't order yet] level based on agreements between the Frankfurt and London institutions earlier this morning)
 
While losing isn’t embarrassing, failing to adjust my stop to the next higher SR level when moving my entry level up is the real embarrassment. Teach me to show off by doing it live. Doh!
 
Reset and ready to Short again with stop at 2925 (which is where it should have been last time...) when/if I get another entry setup.
 
Tony - looks like your stop was wise.

Initially I thought you were planning a sort of break out to new lows continuation? So I thought I'd look at it from my retracement perspective. Not quite sure where your actual entry sprang from.

Sorry I littered your story though - shall I delete all mine?

jon
 
True. As I said earlier the 20/25 levels are potential reversal points. If it goes as far as 25 though please remind me to move my stop out to 2950 before going in...
 
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