USD/CHF stopped at breakeven

USD/CHF Follow-up...

I've moved stops to breakeven...with the time of day, no Asian markets open yet, I'll protect capital and be patient for now. Now that we've had a move, we're surrounded by great levels on the EUR/USD (short at 1.40 or long at 1.38, 1.375, etc) and there are sure to be some opportunities tonight and possibly tomorrow morning through the US session.

I'll edit this post when I'm either stopped out, which I would believe is coming soon.

Short USD/CHF full size 108.9 - 61% fib and resistance

Looking to see it drift lower as we hit the Asian session. EUR/USD coming down nicely to some support levels that should help coincide with a bounce.



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I longed EUR/USD a second time, moved stops to B/E...

...and was taken out, just by a point before moving up and making hourly highs. I'll Be interested to see if it continues up as expected...it should, this 1.40 support provided quite a bounce last time around and I would expect to see at least 40-60 points out of this.

EUR/USD Long off 1.40 closed for +25

Didn't get an entry until 1.4009, actual gains after spread were only +20 on a full size long.

USD/CHF Short Stopped for -60points

on a half size position. Unfortunate but I'm glad that I wasn't awake to add to the position. I guess there just wasn't quite enough market agreement with the 108. figure.

I'm watching the EUR/USD now for a bounce at 1.40 but it doesn't look like it wants to quite get down there yet.

I missed the USD/JPY 97. sell yesterday. I'm irritated about that...I had a call alert set and must have deleted it.

That's all for now. We're still positive for July and I need to be sticking strictly to the S&R trades, trading off the support or resistance line ONLY and not taking the trending, "candles look ready to fall" sort of trades. I pulled hard for 4% of gains over the last few weeks only to piss it away in non-S&R trades in a few days.