trade ideas to start the week (short indexes, long euro and long aud near 7090) were good.
couldn't bank on the euro idea as the moov start later yesterday than I thought,
first hurdle is around 1.13 in my view and I might short it this morning to play a pullback
for indexes, had a nice intraday trade yesterday but there is more room to the downside imo,
4590/75 cac, 10000/1060 dax, 3225/3200 stoxx could be seen
long from these zones if reached seems a decent idea
aud long worked good, it's already in the first resistance zone and with gdp later, it's a guessing game for now, could as well go to 0.72 than break the lows
edit : preopen more violent than I thought, only dax is holding the zone I had in mind, but with euro at resistance I still believe indexes should bounce from here
Last edited by nikko; September 1st, 2015 at 02:33 AM.
first trade of the day : long euro at 1.1220 as it is the buying zone I have in mind for the last 2 days,
only 1/2 size as I rather be careful on a draghi day
1 st target is at 1.1247 but could be adjusted depending on price action around PMI in few minutes
edit : action is so slow...I took off 1/2 for 20 pips and will probably cut it all before draghi if it doesn't accelerate
stopped for a 22 pips loss after a little slippage, so more or less a breakeven trade, it was stupid to stay in the trade even with reduced position, I should have cut it before ecb press conference as I planned.
Last edited by nikko; September 3rd, 2015 at 08:51 AM.
nfp day, the morning is usually pretty calm
but AU has a capacity to moove until the release, usually up to get smashed if nfp is good and opposite on a nfp miss.
Of course it's a little more complicated, it would be too long to explain but I can assure you there is a part of truth in it,
first trade of the day long AUD at 0.6972
looking at NZDUSD I'm not sure that the pullback from 0.6985 is done yet but it's still a decent set up
took off 1/4 for 7 pips (as usual first target to reduce risk)
next levels on the way up are around 0.6989 and 0.6995 I could adjust it depending on PA
edit : as it doesn't break the 0.6088 level I took off another 1/4 for 15 pips, still targeting 0.6995 area before the NFP release, trade closed for 20 pips at 0.6991 2 minutes before release
NB : as nobody interact I'm not sure if posting graphs is of any interest ?
Last edited by nikko; September 4th, 2015 at 08:29 AM.