Saki's Forex Reversal Journal

EUR/USD B 1.2230, 1.2131, 1.2003 Limit 1.2430
GBP/USD B 1.8353, 1.8228, 1.8130 Limit 1.8730
USD/CHF S 1.2547, 1.2629 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384, .6268 Limit .6640
EUR/AUD B 1.7265 Limit 1.7488

Closed trades

USD/CHF S 1.2746, 1.28 B 1.2715 +31, +85

Realized Pip totals per pair for July:
EUR/USD+79
GBP/USD+427
USD/CHF+265
EUR/CHF +272
EUR/JPY+353
NZD/USD-81
USD/CAD-98
 
EUR/USD B 1.2230, 1.2131, 1.2003 Limit 1.2240
GBP/USD B 1.8353, 1.8228, 1.8130 Limit 1.8430
USD/CHF S 1.2547, 1.2629 Limit 1.25
AUD/USD B .7131 Limit .7187
EUR/AUD B 1.7265 Limit 1.72

Closed Trades:
NZD/USD B .6268, .6384 Limit .6411 +143, +22

*Note the MM levels have been updated for the month of August and the new limit orders reflect these 4/8ths levels of my charts. Because the market has been trending down, my targets have been shaved considerably. In one instance, the new levels on EUR/AUD ensure a loss of -35 pips.
 
Updated Trades
EUR/USD B 1.2230, 1.2131 Limit 1.2240
GBP/USD B 1.8353, 1.8228 Limit 1.8430
USD/CHF S 1.2547, 1.2629 Limit 1.25
AUD/USD B .7131 Limit .7187
EUR/AUD B 1.7265 Limit 1.72

Closed Trades:
EUR/USD B 1.2003 Sold 1.2057 +54
GBP/USD B 1.8130 Sold 1.8256 +126

Booking some profits ahead of the numbers tommorrow as the range has been so tight there might be some very nice opportunities to buy back my positions. And if I'm wrong, well, I only make less...
 
Updated Trades
USD/CAD B 1.3119 Limit 1.3500
AUD/USD B .7131 Limit .7265
EUR/AUD B 1.7265 Limit 1.7330

Closed trades

EUR/USD B 1.2230, 1.2131 Limit 1.2240 +10, +109
GBP/USD B 1.8353, 1.8228 Limit 1.8430 +77, +202
USD/CHF S 1.2547, 1.2629 Limit 1.2500 +22, +104

Guess I made less...:D
 
USD/CHF B 1.2500 Limit 1.3120
USD/CAD B 1.3119 Limit 1.3500
AUD/USD B .7131 Limit .7265
EUR/AUD B 1.7265 Limit 1.7330
NZD/USD S .6561 Limit .6406
 
USD/CHF B 1.2500 Limit 1.3120
USD/CAD B 1.3119 Limit 1.3500
AUD/USD B .7131 Limit .7265
EUR/AUD B 1.7265 Limit 1.7330
NZD/USD S .6561 Limit .6406
EUR/GBP S .6690 Limit .6590*

*Not at fully overbought levels yet but selling now and waiting a few days, or hours, will only yield more overnight interest, a win win entry i.m.o... (chart posted below)

I have also used a bit of discretion on shorting the higher yielding currencies(those contra to the dollar EUR, GBP, AUD, NZD, CAD etc.) on the signals generated on Friday, of which there were many more than I actually entered on. For example the GBP/USD signal short is already up some 200( chart posted below) pips from entry but I chose not to take the signal as I didn't want the expected overnight carry interest to eat up profits. This turned out to be a very bad trade decision. However, I entered the USD/CHF long trade at 1.2500 as it yields an overnight interest payment and this trade is up more than 100 pips. In a few weeks when the volume returns to the stockmarket I will use this rule less as currencies become more volatile and overnight interest will be less of a concern.
 

Attachments

USD/CHF B 1.2500 Limit 1.3120
USD/CAD B 1.3119 Limit 1.3500
AUD/USD B .7131 Limit .7265
EUR/AUD B 1.7265 Limit 1.7330
NZD/USD S .6561 Limit .6406
EUR/GBP S .6690, .6707 Limit .6600
 
AUD/USD B .7131 sold .7146 +15

Holding long after a sell signal was issued a few days ago. There's no decisive price movement. It's time to exit.
 
USD/CHF B 1.2500, 1.2401 Limit 1.3120
USD/CAD B 1.3119 Limit 1.3500
EUR/AUD B 1.7265 Limit 1.7330
NZD/USD S .6561, .6640 Limit .6406
EUR/GBP S .6690, .6707 Limit .6600
EUR/CHF B 1.5328 Limit 1.5440
 
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