Thinking caps on people, it’s time to pump those trades

An interesting day yesterday. We had some top class trading in the room yesterday. There had been a growing feeling of EURUSD busting 1.1500 and some of us went with a break entry, while other traders assessed the price action superbly to jump in mere minutes ahead of the pop. Collective thinking like that is a joy to watch.

Trade updates:

EURUSD – I reduced my short offer considerably yesterday because of the PA and increased my stop reverse size because I felt a break was coming. I was going to pull the short altogether but the market beat me too it. So, as 1.15 broke, I lost 12 pips on the a small short possie but then rolled into a much larger long from 1.1507. I cut some at 1.1517 when 20 first failed and then more at 1.1550. I’m happy while 1.1500/10 retains support.

USDJPY – Stopped on the bal of my 108.55 long at BE +1. I went bid at 108.05 but my order missed by half a pip on the first test there. I pulled the bid after that because we came back down pretty quickly afterwards and i don’t like that type of price action. We’re back above 108.00 again now so I’m going to look to take a small long if it looks like holding.

Let’s hear what’s on your radar today.

Good luck and many pips to you all.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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