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WEEK 43 This week 43 can bring some nice opportunities in terms of positioning. Wednesday we have some heavy news on the €uro and the Dollar, from central banks (Draghi, FOMC) and macro Data (German IFO / PMIs). We can assist to some participants looking to position themselves and...

That KO barrier at 79.50 on UsdJpy here has been hit. I thought it would happen Friday PM GMT, but the sell off was so heavy on risk that the Yen was stuck around 200DMA. The final attack occurred as usual in very thin market at the Asian closing just before the European open. I will probably...

Finally an almost forgotten pending long has been filled on ES-z. Tricky before the week end but I am OK with that. More on this in the weekly intentions on Monday.

UsdJpy add ons #4 et 5 exited at 79.25, heavy size. I think that chances are we can see the barrier attacked before the US release.

That EU summit is, as usual, going to disappoint as we were waiting for some decisions about aid to indebted members, Spain in particular. I see that as an opportunity to enter at a better price, hence looking at now to buy below 1.30. In terms of timing, I am going to wait for the US session...

After the fifth add-on I’ve decided to lock half of the add-ons at 79.25 and thinking to TP the same size at 79.50 which is KO option barrier. I took this decision for several reasons: 1: BOJ’s Shirakawa speech this morning GMT seems to me not dovish enough, and he didn’t hint to...

ha Imf my friend! How you going? Still in the chat? In September it was quite empty. I am going to read your journal right now. ha imf, if someone is good at this trading nonsense its you.

Are you a friend of mine? I learnt a lot about market dynamics in the past 6 months, but I trade full time for a while now and the most lucrative period was when I was scalping. I have nothing to hide, here my pseudo is fxintruder, but I post elsewhere under the name of Ocean, flytox and...

Remember the explanations given here about market dynamics and how price helped by catalysts gonna cross a liquidity cluster. Here is the daily chart showing the pair headed to the 200dma after macro data releases as planned. I have now 4 add-ons averaged at 78.94. therfore protecte by the 79.00...

Third add-on filled.

Let's talk a bit about the way I trade, rather let me try to summarize it. As I mentioned in the first post, I don't like systematic trading (systems) whether they are based on tech indicators or fundamental indicators. For me reading the markets is more like a mindset than a strategy, I don't...

The UsdJpy core is going its way as planned above. As I said I am looking at some catalysts to bring the price, after retracements, around the levels on the chart. Initial jobless claims this PM Gmt or any bomb from the EU summit could be opportunities for 79 and 79.40 . The bigger picture on...

I closed the EurUsd trade full size at 1.3130 with +90pips cos I don't like the PA losing momentum, and it seems unlikely that it would reach 1.3160 before the EU summit tomorrow. As I said I don't want to be positioned near the price during the summit and its carpet bombing. Also looking at...

As expected above ; the 1.31 level has been taken out in what I consider was an exotic option barrier attack. But don’t be fooled by how easy it was. The prevailing sentiment and positive headlines in a row helped a lot. More intersting is to notice when the final move occurred. That was just...

That position was filled at 1.3040. After what looks too big and too fast to be a tech pull back. That big bearish engulf is because of a news hitting the wires saying that the troika leaved the meeting with no agreement with Greece. I see it rather like some bs intended to drop the price at a...

When a move is in sync with my longer views, and is not going to be slammed by some algos or techs. I like attacking option barriers to initiate a position from which I take a half size profit when the barrier has fallen. This is purely tactical; the remaining half size is just when its in sync...

Got a cold, hence a bit late on this weekly intentions, though I managed to post the way I am adding to the UsdJpy long position here. So week 42. Nothing new in terms of risk analysis and the view I exposed here about the €uro is gently unfolding vs Chf but without me vs Usd. The Yen too is...

The Chart after the release, with the 2 add-ons non averaged. How Can I front run a data release? Actually it's not the data in itself that I traded, even though stakes where high that this one was going to be good. It's rather the market pricing in a good number that I traded. And what...

Added at 78.70, averaging the add-on positions at78.59.

Here are some concepts about how I read liquidity clusters on a daily chart. The blue dotted lines are my running positions, the lower being the core at 77.44 and the add on is at 78.45. There are 100 pips between them and its just a fortuity. I’d have added more to this core if I wasn’t...