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