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[jcpfx]

I've triggered 3 long continuation bets so far this week jcp.
eur/aud & cad/jpy yesterday & usd/jpy today.
It was a toss-up between eur/aud or an aud/cad short, but the former has a far better daily range so plumped for that pair.

I got stopped out of cad/jpy this morning as it fell through yesterday's low & haven't bothered to re-engage yet, so I just have the 2 running for now.
As strobe suggested, there's plenty to nibble at this week so hopefully it'll continue to offer a decent bite or two along the way.

Hey there Se7en,

good stuff! Yeah, CadJpy hasn't moved well these days, has it? Much more success with UsdJpy today

To tell you the truth, of all the Jpy pairs, only 2 sparked my interest. The first is obviously UsdJpy as the greenback remains in focus, especially after
the upbeat retail sales yesterday. The second, with a better chart to it, was EurJpy. It had a clear flip level @ 131.55 to play off of yesterday & today.

I just diddn't like the movment on them, and preferred usd-strength vs. Gbp instead.

Good luck with your positions

[jcpfx]

Hope today went well for all of you,

I jumped on what I thought would have been a faster train (EurUsd) but which turned out to be slower but still a good trade. Forgive the chart, but to illustrate
the reasoning, I had to go on a 5Min.

After the aggressive shift below yesterday's low on tepid data, I was thinking that the momentum might have been faster & shifted to a 5min chart to get in on the highest low of the pullback channel.



In @ 1.2902 and out for 0.75 R after bids showed up protecting 2850.

[jack mason]

Hope today went well for all of you.
I jumped on what I thought would have been a faster train (EurUsd) but which turned out to be slower but still a good trade.

Tell me about it. I certainly suffer from my fair share of slow trains & mis-timed entries.

Judging by the consistent quality of the weekend post updates where the current flavor-of-the-week trending currencies/pairs are highlighted, no-one appears to be struggling to identify those candidates exhibiting the higher probability background set ups.
And considering the specific & efficient entry criteria that's been shared regularly on the thread, I doubt anyone is unable to initiate or execute decent value bets either.

Aussie remains the big draw to the downside this month, so I guess a few of the guys are still playing that high probability card. As you & strobe mentioned at the weekend, Euro, CAD & Aussie were offering a good selection of trending candidates to choose from & they haven't disappointed.

Just tabbing through a 5 or 15 minute chart from Monday onwards will identify the plentiful entry & positive risk opportunities in line with the larger current hourly dominant trends so I imagine more than a few of those of you participating are enjoying another satisfactory week.

[jcpfx]

Going into the week, USD remains in play.

The big question is "how long can it continue" (which is what I kept asking myself this week as well) but the main focus remains Long UsdCad, Long UsdJpy and Short NzdUsd (Nzd looks weaker than Aud) and also I'm watching EurJpy longs to diversfy from USD action.

Another interesting week on the data front, so good luck to all!

[round number]

Going into the week, USD remains in play.

Indeed it does, as still do one or two regular customers of the thread.

eur & gbp remain robust long candidates v/s aussie.
aud/cad is attempting to put in a higher low, but failure to hold .9970-80 will put it back under pressure.

I still like euro/usd & nzd/usd to the short side & euro/nzd to the long side.
The only Yen pair in my sights next week is continuation long activity on usd/yen, especially if it remains bid on any slips back to 102.70

[zilly]

eur & gbp remain robust long candidates v/s aussie.
I like nzd/usd to the short side & euro/nzd to the long side.

If it's still working, don't fiddle with it

A couple of the pairs from last week's list either ran out of steam or failed to play ball, but the above 4 pairs more than compensated & continue to maintain a strong focus into next week.
Pick of the bunch for me, which I'm adding to the above selection are:
USDCAD long, provided price gets supported & trades above 1.0280
AUDCHF, AUDCAD and/or AUDJPY short, whichever offer the higher probability continuation potential.

[jcpfx]

Good Morning Zilly,

EurAud is currently en-route to test 1.3325 which is my main focus to re-ingage long this week if it holds. The only other level of interest so far is 1.3220s...

UsdCad could still perform well and it is on my watchlist.

UsdJpy is also of interest, but i'm on the sidelines for the moment.

Regarding Aud vs. Cad & Usd, it seems that things may be changing as of this morning. I'm on the sidelines there, but they remain interesting.

Good luck to you & all the regulars going into the week

[kyle morgan]

Yeah, apart from USD/CAD it's a waiting game on the other regular spotlight pairs as the new week takes shape.
Not really too surprising given the distance some of them have travelled lately.

Rarely do prices continue to reach for new highs or lows without some sort of corrective phase. Whether or not they turn out to be corrections remains to be seen, which is where the virtue of patience comes into play!

[jcpfx]

Yeah, apart from USD/CAD it's a waiting game on the other regular spotlight pairs as the new week takes shape.
Not really too surprising given the distance some of them have travelled lately.

Rarely do prices continue to reach for new highs or lows without some sort of corrective phase. Whether or not they turn out to be corrections remains to be seen, which is where the virtue of patience comes into play!

Filippo Ongaro, a physician considered one of Europe’s pioneers of anti-aging and functional medicine, said in one of his books "the human DNA is still connected to it's ancestors, in the sense that the fight-or-flight mechanism is still best suited for intense & brief moments of stress, intervalled with long periods of calm".

It may be a little off topic, but I re-read those lines this morning and they suit the approach used here perfectly

So basically I'm the only one who took this trade on EurAud ?


5Min chart showing entry & management.

[jcpfx]

EurAud update: scratched @ 1.3360. No harm done.