After a long time I am finally fully in sync with my system, and it feels good 🙂 !
The USDJPY trade is up +110 pips, the EURJPY trade is up +180 pips, both the CHF pairs have taken off smartly after the US jobless claims data. The USDCHF gave me some worries over the past 2 hours as it probed below 0.9290, but it looks like the USD bulls have won this round. The EURCHF spent quite some time capped by the 38 Fibo of the recent 1.2569 – 1.2325 swing, but it has broken clear of that level and is testing the 1.2447 level which is the 50% Fibo. I’ve moved my stops into comfortable profit levels in EURJPY and USDJPY, but not yet in the CHF pairs.
Although the account is down on the week so far, I’m not too worried. By the end of the month I should be in the +ve. This has been a fairly difficult month, lots of wild swings (especially in the Euro) and days of almost no movement alternating with sudden huge moves in the Yen pairs (like yesterday and today).
For now, nothing to do but monitor the market, read some blogs, news sites, read some books.
I like this stress-free feeling when I am trading in sync with my system!