>>>>>>>>>>>>>>>>>AUD......EURO.......JPY 14:00I've been focusing on trading on the long side today even though I have a feeling spreads are moving lower.
My madness is based on price either moving towards the 50% level's before continuing down (AUD), or a test and reject pattern of Monday's breakout ( EURO), and in the case of the YEN :- 5-day 50% level support.
AUD:- Earlier my AUD missed the exit by 1 tick, being stopped on breakeven, and by the time the open bar had completed AUD continued down and there hasn't been a set-up since.
In theory if the 3pm timeframe moves higher back towards the 5-day 50% level it should move from pink to pink (no position)
Euro:- Today has been kind to me, earlier 41 pip range completed but reversed down into a lower 'open' bar.
Long 1.4050 exit 1.4085 + 35 pips exit
JPY :- 5-day 50% level support
Long 107.44 (stop 107. 26) :-
Either it's going to reach the R41 pip high before 3pm, or it's going to reverse down and take out my stops.
These trades are simply short term 'scalping' trades looking for a move UP before prices go down, so I'm focusing on taking out profits and not holding.
I would have preferred 11am rises upwards into 3pm tops, so far price hasn't budge. ...
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Forex JPY 15:03
stopped 107.33 - 11 pips
