I can't make hide nor hair out of the EurAud or EUR Cad longer TF charts, say 4hr. Looking for relative strength/weakness. Right now EUR seems weaker (??) So I'll go with it.
Got stopped on long USD during the night. Note to self: try trailing stops on overnight positions! Anyway short EUR from 1.2417, long usdjpy 1.0867, long Usdcad 1.2337. Cad not behaving like it should, but I expect it to catch up.
Flat all around. Market seems kinda funky all of a sudden. Just not moving the way I expected. I'll wait and see. I didn't realize there was selling in equities, and Asia down now too. Might be money moving back to USD, at least that's the classic case.
Did get back in to Usdjpy short around 1.0895. Also bought a little Aussie. EUR/Aud chart(s) looking a little weak. I think. Anyway been waiting awhile for Aussie, Nzd to really rip. I think it's that kind of market. Still short Usdcad biggest position.
Still downward pressure on USD bigger TF. If it's going to bottom (eventually), I like to remind myself that tops and bottoms take time to form. Lots more opportunities to scalp short side USD I believe. Trying to stay nimble. . .
What do you trade? Gold I see from your posts elsewhere. What I learned from trading FX after equities--its all one big pot of money sloshing back and forth. It's all interrelated.
Looks like the frog-in-boiling-water trade right now. I'm short USD. Euro from 1.2355, Cad from 1.2330, usdjpy from 1.0883. Looked like lots of trade went off below 1.2350 Euro USD at London close. We'll see if it holds as support.