The Artist FX Trading System

[The Artist]

April recap

01/04 - 01/04 EUR/USD +1.4158 -1.4106 => -52
04/04 - 06/04 EUR/GBP -8799 +8784 => +15
08/04 - 12/04 EUR/GBP +8784 -8878 => +94
13/04 - 18/04 AUD/USD +1.0504 -1.0483 => -21
15/04 - 18/04 EUR/USD -1.4409 +1.4209 => +200

April => +236
Since March 16th => +253


Now back to action, still watching EUR/GBP working that upward channel, double topped at 8925 already. Back to long signal for any close above the 8920 area now.

 

[The Artist]

With chart.

 

[The Artist]

Short EUR/USD @ 4794

 

[The Artist]

Long EUR/GBP @ 8925

 

[The Artist]

Short EUR/USD @ 4794

Ok so a very interesting day with this short EUR/USD closed @ 4842 for -48. This was immediately reversed so currently long EUR/USD @ 4843.
The short EUR/USD acted as a partial static hedge to the EUR/GBP position so no harm done as long as EUR/GBP does not collapse now. In fact, both positions created a synthetic short GBP/USD which was very profitable today and will hopefully continue until my EUR/GBP target @ 9025. Looking at the chart, I am not a big fan of long EUR/USD below 4880 though but we'll see how the Asian session treats it.

 

[The Artist]

Long EUR/GBP @ 8925

Closed @ 9025 for +100
MTD +52

Long EUR/USD still open.. got oh so close to my 4770 stop around 3am but back slightly positive now.. Like I said yesterday, this will be a loser unless we take out 4880.

 

[The Artist]

Ok so a very interesting day with this short EUR/USD closed @ 4842 for -48. This was immediately reversed so currently long EUR/USD @ 4843.
The short EUR/USD acted as a partial static hedge to the EUR/GBP position so no harm done as long as EUR/GBP does not collapse now. In fact, both positions created a synthetic short GBP/USD which was very profitable today and will hopefully continue until my EUR/GBP target @ 9025. Looking at the chart, I am not a big fan of long EUR/USD below 4880 though but we'll see how the Asian session treats it.

Closed EUR/USD @ 4829 for -14. Range expansion system was doomed to fail over the past 2 days with rangy EUR/USD. Bad ADP bullish, Bad ISM bearish 2hrs later... market reads news the way it wants, that's why I prefer to rely solely on technicals.
MTD +38

 

[The Artist]

Long EUR/GBP @ 8788

 

[The Artist]

Long EUR/GBP @ 8788

Closed @ 8748 for -40.
MTD -2 with 3 losers out of last 4.. right when I'm going on holidays too!

 

[The Artist]

Long EUR/GBP @ 8761

 

[The Artist]

Long EUR/GBP @ 8761

Closed @ 8776 for +15. Brutal morning after being within 20pips of target for 2 days. Damn Greece! MTD +11

 

[The Artist]

Early start this week,
Short AUD/USD @ 10611

 

[The Artist]

Early start this week,
Short AUD/USD @ 10611

Closed @ 10511 or +100. That one was a beauty, no adverse excursion at all.
MTD +111

 

[The Artist]

Early start this week,
Short AUD/USD @ 10611

The chart for that trade... was looking at close below 10620 on 30mn following that short period of range contraction since pullback from 16th May low. Hence why I went short after the 1:30am candle closed.

 

[The Artist]

Long AUD/USD @ 10543.
This time TP level is only 90 away as I should have entered @ 10533 if not for failing to hear my price alert as I was frying some beef

 

[The Artist]

Long EUR/USD @ 14107
Quite heavily correlated with the AUD trade but that's bound to happen sometimes. Hopefully risk aversion subsides a bit. That's trade #8 for May, slightly more than usual and a consequence of the past couple weeks' uncertainty in the FX markets. Tomorrow's calendar looks heavy enough to provide direction so at least I should not have to wait too long to see what will come out of them.

 

[The Artist]

Long EUR/USD @ 14107
Quite heavily correlated with the AUD trade but that's bound to happen sometimes. Hopefully risk aversion subsides a bit. That's trade #8 for May, slightly more than usual and a consequence of the past couple weeks' uncertainty in the FX markets. Tomorrow's calendar looks heavy enough to provide direction so at least I should not have to wait too long to see what will come out of them.

Closed @ 14098 for -9. US opening a killer.
MTD +102

 

[The Artist]

Long AUD/USD @ 10543.
This time TP level is only 90 away as I should have entered @ 10533 if not for failing to hear my price alert as I was frying some beef

Closed @ 10633 for +90.
MTD +192 and that should be curtain for May with bank holiday on Monday. Finished the month very well catching Aussie on the way back and then up so now let the weekend begin!

 

[The Artist]

May recap

03/05 - 03/05 EURUSD -14794 +14842 => -48
03/05 - 04/05 EURGBP +8925 -9025 => +100
03/05 - 04/05 EURUSD +14843 -14829 => -14
10/05 - 11/05 EURGBP +8788 -8748 => -40
17/05 - 20/05 EURGBP +8761 -8776 => +15
20/05 - 23/05 AUDUSD -10611 +10511 => +100
26/05 - 26/05 EURUSD +14107 -14098 => -9
26/05 - 26/05 AUDUSD +10543 -10633 => 90

May => +192
Since March 16th => +447
(and +756 YTD although the thread had not started that early).

Good month this, with 2.7 profit factor. I don't expect any trades before tomorrow late afternoon at the earliest so I will keep away and enjoy the now very long bank holiday weekend. Good thing Roland Garros is on.

 

[The Artist]

Long EUR/USD @ 4228.

First trade of the month, yey! I have to admit I was getting a bit bored and I have no idea what's been going on in the markets so I will finish the week with some reading, better to start work late than never.