11 Dec, 11.51 gmt
This is a tentative signal, but still worth taking as the risk is low, and if correct it is a great entry level for a short.
Short $8/pip EURUSD @ 1.3786. SL at 1.3809.
EURUSD has got a strong bid, obviously somebody is playing with the options, barriers and stops above 1.38. It passed my mental stop and I’ve closed the short trade as follows:
Closed EURUSD short at 1.3793, -40 pips.
At the same time, EJ has got a turbo bid with both EU and UJ combining their move. I’ve closed the short for a small profit.
Closed short EURJPY at 141.59, for a profit of +13 pips.
I’ll monitor this until after the 10am NY options cut and then decide which side to trade this.
Added a new short $6/pip AUDUSD @ 0.9114. SL at 0.9154.
EURUSD has topped out for now, the system and Price Action is indicating a short here.
Short $8/pip EURUSD at 1.3753, SL 1.3803
I’ve decided to trust my system a bit and exit the GY trade partially. I have one entry at 168.69, which I have closed at 169.03, for +34 pips.
The other entry is at 169.68 (bad entry, not supported by my system rules; I was chasing the market ;-( . After closing part of this trade, the remaining is only $2/pip which is painless. Another reason for me to keep this part open is that GU is still has a long signal, so GY has not really turned; only one of its legs, the USDJPY leg has generated a sell signal.
I’ve decided to stick to my rules and close the EJ long.
Closed balance $2/pip at 141.72, +250 pips.
Now short $6/pip EURJPY at 141.72, SL at 142.15.