It is my trades I’m talking about. That’s right, the trades I planned couple of days ago are turning out to be just minor moves. Of course that is comparison to everything else. Week has opened with a bang. Dollar roared to life after few days of indecision, and so did JPY. Massive moves in all crosses of these currencies. Seems like everything was moving hundreds of pips, except for the pairs I had vested interest in. Her is my trade in NZD-CHF.

Trade was entered as intended at 0.7495, with a target of 0.7555. Now, price didn’t get to my objective, but came so close to it, that I decided to close it during next price bar. I do that often. My exit turned out to be 0.7528 , for a gain 33 pips. And than the price collapsed. So, I guess this trade was not that bad after all. I managed a profit. That’s what counts.
The other one was EUR-AUD.

Price took a wide swing down after the open, but eventually my order was filled at 1.7695. Than the price has stalled. I’m still in it, but I don’t plan to stay in it for long. I lost confidence and I will get out later on this afternoon (my time). Once trading day starts in Australia, if the price doesn’t move sharply my way, I’m closing it.
Moves in most currencies were so sharp, that I have to wait some time before I decide what to do. For the kind of set ups I’m looking for, most charts need another several hours of price development. That we’ll see.

Mike K.