Saki's Forex Reversal Journal

Quote from sakimonohito:

Buy GBP/USD 1.7360 limit 1.7445

signal formed on yesterdays open but is still good

exit +14. We have mean reversion on all lower timeframes. The momentum has clearly waned. had +60 but I was looking for +80.

oh well, live to trade another reversal I suppose...
 
This momentum smells ripe. I think the last 500 points of this 1000 pip move are pure fear and herd mentality. Carry trades are dollar positive across the board. A fine time to step in with my system.

Open positions:

Buy USD/CHF 1.2245 Limit 1/2 1.2290 Stop 1.2128
Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96
Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670
 
Closed trades today:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40
Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64


Currently open trades:
Buy GBP/USD 1.8580 Limit 1/2 1.8648 Stop 1.8511
Buy USD/CHF 1.2245 Stop 1.2245
 
Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40
Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68

*Will assume 2 units per intial trade from now on...

Currently open trades:
1Buy GBP/USD 1.8580 Stop 1.8580
2Buy USD/CHF 1.2199 Limit 1.2277 Stop 1.2165
 
Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40
Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70

Currently open trades:
1Buy GBP/USD 1.8580 Stop 1.8580

Was away from my pc on the spike, this trend is incredible.
 
Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Limit 1/2 112.91 Stop 111.96 -40
Short GBP/USD 1.86 Limit 1/2 1.8546 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70
1Buy GBP/USD 1.8580 Exit 1.8660+80

Currently open trades:
 
Quote from sakimonohito:

Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Stop 111.96 -40
Short GBP/USD 1.86 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70
1Buy GBP/USD 1.8580 Exit 1.8660+80

Currently open trades:
1Buy NZD/JPY 69.31 Limit 72.89 Stop 67.70
 
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