Nov20 – Market Analysis

Personal reflections

I am still in the S3S AUDNZD trade.  It traded as low as 1.1247 overnight – this is 22 pips from the target, and represents a move of 35 pips from entry in my favour.  However, overall, it looks as if price has simply been consolidating.  On this basis I lowered my stop to 1.1292 – which is 7-10 pips above the highs of all the prior 4H candles.

A losing session on JBT trading yesterday (and a quick losing trade this morning, -0.9R) – some issues to work through.  But it’s getting there.  Thus far I have done 68 JBT trades, so the numbers are coming together quickly.

Equity Markets – all are trading a bit lower (yesterday and today).  Gold is trading $1,270.

FX Markets

Again, no change in the STAM ratings – ratings are still the same as on Monday.  The same pairs are still in S1 setups. No setups on the Yen pairs. 

Of the other pairs with a S1 setup, only GBPAUD deserves some commentary.  Technically had a bullish 4H corn trade, but the setup is not clean enough – the setup would in fact pass as being strength v weakness/weakening and there has been a good pullback.  In any case, I would not be able to trade this prior to the GBP news at 9.30.

S3 Setups

Checked through all the currency pairs.  There were no valid S3 setups. 

 

This entry was posted in Uncategorized. Bookmark the permalink.

One Response to Nov20 – Market Analysis

  1. Pingback: 4/11 – Weekly FX Trading & Signs of Progress over last 3 years | Trick or Trade

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.