South Winds, Red Skies & Clouds in the West

[expiated]

That worked out rather well.

 

[Tactica Adversa]

...and AUDUSD in that they were setting up for it, but I had to go out for dinner and their southbound reversals came while I was gone.

 

[Tactica Adversa]

For example, EURJPY gapped down at this week’s open so that it was sitting almost right on top of what I calculated as intra-day support on my one-hour chart based on my estimation of the typical four-hour price range.

 

[expiated]

PG came to within 0.05 of hitting the 93.10 target, but just couldn't manage it. BABA came the closest to opting to turn north by Monday's closing bell, but none of the other three equities—BABA included—ever got around to actually committing to it.

View attachment 178181

As of today, the possibility of going back to trading stocks is again of no interest to me. I have no desire to deal with the gaps up or down of the type I observed this morning. If I want to expand my Forex system to equities (kind of), it will have to be in the form of stock index futures.

 

[expiated]

I'm currently waiting to see when the time is right to go long USDCAD.

I'm long USDJPY already.

 

[expiated]

Thankfully, Stephen Poloz had something to say in my favor:

 

[expiated]

I'm long USDJPY already.

I had to re-enter a USDJPY long position after being stopped out at about 112.53. I'm also long USDCHF now, but my best performing trade at this point is an AUDUSD short position.

 

[expiated]

I had to re-enter a USDJPY long position after being stopped out at about 112.53. I'm also long USDCHF now, but my best performing trade at this point is an AUDUSD short position.

AUDUSD might have been doing better at the time, but ultimately, USDJPY and USDCHF delivered better returns.

I'm now watching for the right moment to go long USDJPY...

...and to short GBPUSD.

And while I was typing this post, I noticed that USDCHF looks like it's also getting ready for another leg up:

 

[expiated]

MARKET SENTIMENT AS OF SEPTEMBER 28, 2017

AUDJPY: Has turned bearish just this week
AUDNZD: Bearish
AUDUSD: Bearish



EURGBP: Bearish
EURJPY: Appears to have turned bearish just this week
EURUSD: Bearish

GBPJPY: The overall day-to-day trend is trying to turn bearish, but is still neutral at the moment

GBPUSD: Has turned bearish just this week

USDCAD: Bullish
USDCHF: Bullish
USDJPY: Bullish

 

[expiated]

It looks to me like USDCAD has initiated another leg to the north, but I've run out of margin to make the trade.