I’ve had signals initiated to get short /ES ( SP500 futures) under 1685.00
With U.S data on tap here in the next 30 minutes, I would obviously wait until “after the dust settles” to consider any type of entries – with increased volatility surrounding Thursday mornings news releases.
Current positions:
- Entered short CAD/CHF on Sept 8 at 90.00
- Entered long EUR/AUD ( Insanity Trade ) on Sept 9 at 1.43
- Entered long EUR/NZD ( Insanity Trade 2 ) on Sept 19th at 1.6260
- Entered short CAD/JPY at 10:51 a.m Sept 25 at 95.81
Looking forward:
There is no question that I’ll be getting entries in the following pairs within the next 6 hours, so ideally at any price level “higher” than we see as of this moment.
- short AUD/JPY
- short AUD/USD
- short NZD/USD
- short NZD/JPY
In general , we see the trades to reflect a “risk off” scenario , with strength to be seen in both USD as well JPY, and weakness in commodity currencies.
Now keep in mind….when entries are given, the buy/sell orders are places “x” number of pips above or below that value in order to be picked up ON MOMENTUM.
Have I ever had an instance where the entire set of orders is missed/ not picked up – and the market has moved considerably in the other direction? Maybe a couple of times – but that’s a good thing, as we look to catch MOMENTUM in our direction of choice.
No MOMENTUM – NO TRADE = SMART TRADE.
More this afternoon, as trades in several other pairs ( including those with EUR as well GBP) look to materialize.