TheBramble's Short-Term Spot FX Biases

[TheBramble]

I should have said after the 4th espresso and Shaula risen.

 

[TheBramble]

Just got a technical short entry setup on EURAUD and as I’m technically a short-term Bear on this pair it was worth a look. What I don’t ‘get’ is the apparent Support it has at the 2770 level. As I don’t have any technical basis for it, I’m assuming there’s something I don’t know and I’m staying out – for now.

Be interested if anyone else has anything at that level. Gannites, Ellioticains, Wolffers etc.

 

[TheBramble]

EURUSD just gave me a long entry setup but I'm shy ahead of the London open, such as it will be today, in 7 mins.

 

[TheBramble]

USDJPY potential short. Stop tentatively placed at 79.60

 

[TheBramble]

Both USD and JPY taken independently are pretty week with JPY (just) having the edge. It’s still showing potential for a valid short entry setup, but my guess is that if taken it could be a little lacklustre. Still, with nothing much likely to happen in the US and JPY being held artificially low there is possibly something to play for.

May be a long drawn out affair if we take it, but we’re not juggling too much else at the moment!

 

[TheBramble]

USDJPY already found Support on the Daily S2 at 79.34 since open, but it hasn’t travelled back up to any obvious Resistance before appearing to weaken. I’m building a case for the Short.

 

[TheBramble]

Nothing doing on that bar. 15 minutes until the next potential signal point. Time for my 5th espresso...

 

[TheBramble]

USDJPY Short at 79.39 Stop at 79.60. Risk 21 pips. Target 1 at 79.14.

 

[TheBramble]

USDJPY re-testing Daily S2 at 79.34.

 

[TheBramble]

AUDJPY & AUDUSD potential Longs brewing.

 

[TheBramble]

Kill USDJPY

 

[TheBramble]

Got out at 79.38. +1 on 21 risk. Can't be ****!d to calculate P&L to we'll call it a scratch.

 

[TheBramble]

I did say it might be a grind of a day and that USDJPY might be a drawn out affair, but even by USDJPY standards it was just open risk and exposure with no increase in differentials.

Watch it tank now I’m out….

 

[TheBramble]

USDJPY Limit Sell 29.25 Stop 79.60. Risk 35 pips.

 

[TheBramble]

For anyone wondering why I’m not taking Longs on AUDJPY & AUDUSD the differentials are significant in both cases, but the price action does not fully reflect the size of those differentials. It’s like pedalling into a head-wind. Often the case with short term contra the longer term.

 

[TheBramble]

Which reminds me to highlight to you the difference on a true reversal.

On a true reversal, the short-term will obviously always be contra the longer term, but, the price moves purposefully (aka momentum). You still get pullbacks, but the HH/LL are clearly defined.

 

[ZEN archer]

Do you find it difficult to trade during bank holidays?

 

[TheBramble]

Do you find it difficult to trade during bank holidays?

I don't trade FX during UK bank holidays. I don't trade US Stocks during US bank holidays.

 

[TheBramble]

Cancel usdjpy limit order

 

[TheBramble]

USDJPY Short at 79.37. Stop 79.60. Risk 23 pips.