Thread: SophieFXs Journal

Argh, spooked out in 10.115 for 80 pips / 2,13percent

I feel that the double position made me a little unease. But fantastic breakout to ch before the weekend!

Stay safe !

SL transferred down to 10.195. Risk free.

Thanks, I've jumped in brief again on the DAX this morning.

Update:
Short @ 10.195. SL @ 10.270. TP open. Risk is 2%.

Descending hourly formation, entered on the rest of multiple hourly lows.
Past very bearish and engulfing daily bar. Downtrend, potential rising trendline support around 10.060-70.

Wonderful job. God utilization of those tools Sophie! Exciting week and following one will be much more so. Look at the Turkish Lira, CAD, EURO. See the carnage from the Chinese market. I actually doubt following 8 years the fed will raise rates Sept. 17. It would knock emerging market currencies worse than they are now. It would place an even bigger scare into investors. I'm speculating USD will be dumped in an enormous way following Thursday. Short 1.3223

Trailed stop hit @ 10.217.

43 from 10.260. Result 0,41%
15 from 10.232. Result 0,30%

Complete eqty profit 0,71%.

Learning things: I had correctly identified the 10.160 region as significant service area. Bearish bias is undamaged.

Trailing down. Stops moved to 10.217.

If 10.150 breaks with certainty and volume, it could fall fast!

Originally Posted by ;

Stop moved to 10.280. Risk is currently just 20 points = 0,19 percent.
Brief on new position 10.232. SL 10.282 (1R=1%=50 points)

Stop for position 1 2 moved down to 10.230.

Both transactions are now risk free...

I am taking signals short on GBP/JPY, USD/JPY, AUD/USD and USD/CHF.

Trade # 5, 5, 6, 8 and 7.

I am stretching the risk exposure with 4% but I think these are great retracements...

The way I view it, it's all about risk off at this time. Which means the JPY and CHF will probably be in demand, followed closely by USD.

I enjoy the Range of short GBP/JPY, EUR/JPY, USD/JPY, AUD/USD, USD/CHF, EUR/USD, GBP/USD and EUR/CHF. Only long is USD/CAD.

So for the next sessions, I'll be looking for small pullbacks to market into, at least until this market sentiment changes.

Only for my own notes/records:

- Missed a long signal on USD/CAD. Could have been a 1R trade.

- There were directional signs short on EUR/JPY and brief on GBP/JPY but the MM rules of this machine prevented entrance. But interesting to see the market moved in the ideal direction later.

- AUD/USD might trigger a brief signal. Stay alert. Will most likely be the last trade of the day.

- Ohh, too, my sense which Euro, Cable and Aussie had to retrace appears correct.