1/23/17 London Open

SMT Divergence

1-23-17-lo

USDCAD and USDJPY are diverging, let’s peek at their charts, shall we:

usdcadh4-15usdjpyh4

Majors (Higher TF and from a different MT4 Terminal than usual- this is just what I’m looking for on a medium-term basis- not quite macro but larger-scale than the typical intra-day):

audusdweeklyeurusddailygbpusddailyusdjpyh4-1

Peace, yo

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Week of 1/23/17 Patterns

Every pattern detailed in the last pattern scan has maintained validity.

There are new developments in AUDJPY, EURGBP, EURJPY, EURUSD, GBPJPY, GBPNZD, NZDCAD, NZDCHF, USDCAD, USDCHF and USDJPY.

AUDCAD, CADCHF, EURCAD, GBPAUD (and more, those are just the best performing ones I was positioned in) have absolutely killed it since the last post.

Here are the ‘ol charts:

audcaddailyaudjpyh4audnzddailyaudusddailycadchfdailyeurcaddailyeurgbpdailyeurjpyh4eurnzddailyeurusdh4gbpauddailygbpcaddailygbpchfdailygbpjpydailygbpnzddailygbpusdh4nzdcaddailynzdchfh4nzdjpyh4nzdusdh4usdcadh4usdchfh4usdjpyh4

Will update when necessary.

1/18/17 London Open

Majors

audusdh1-11eurusdh1-10gbpusdh1-9usdjpym15-6

GBP is a subject I have neglected to touch on

gbpaudh1

As posted in the pattern sweep there were convergent patterns across the board on most GBP pairs, but GA is the only I got a good entry on. This is one of the first times a position of mine has actually been helped by a politican opening their mouth (can’t say the same about yesterdays AUDUSD and USDCAD). Will be looking to compound.

SMT Divergence (now at the bottom)

1-18-17-lo

These aren’t favorable conditions for me and I haven’t really felt in sync with the market yet, so I’m just going to trade levels intraday until Friday blows over then see what PA develops.

One lesson that has gotten away from me but has been applicable for recent conditions is to “save your ammo” for later in the trading day. Lately I’ve been blowing my wad at open at less-than-favorable levels only to see the good stuff that I completely didn’t expect to get reached end up getting reached (and respected) later in the day after some data was released or some chump said something. Just putting that out there.

1/16/17 London Open

SMT Divergence

1-16-17-lo

Majors

audusdh1-5eurusdh1-8gbpusdh1-7usdjpyh1-10

Not much to say today. Typical slow opening day, the action is usually tomorrow. I bought UJ at the green level for 3R, before LO, but in light of recent events my TP is now at B/E and I have a sell order there for 2R. EDIT: was tagged into UJ sell. Let’s see how this goes.

Was stopped out of the sell. In hindsight that was all really stupid. Not sure if I should mark out “TRADE NOT IN TRADING PLAN” (usually wouldn’t enter on a bank holiday/should have left the buy alone and not gone all flip happy when it had not even been stopped out) or “DIDN’T TAKE PLANNED TRADE” (took the opposite of the trade I had planned) in my “Demon Finder”.

1/12/17 London Open

SMT Divergence

1-12-17-lo

AUDUSD, NZDUSD and USDJPY are divergent, AU and UJ being the most severe. USDCAD is partly divergent (because it distributed) and GBPUSD is still partly exaggerated.

Majors

audusdh1-4

 

eurusdh1-4

gbpusdh1-5

usdjpyh1-6

USDCAD- and a fine distribution it is 🙂

usdcadh4-4

GBPAUD- looking to buy from those depths. Convergence with AUDUSD.

gbpauddaily-2

AUDUSD (again)- to accompany the GBPAUD daily.

audusdidaily-2

Check ya later (Think I’m going to start posting at London Close as well. In addition to end-of-week reviews, so see ya at close if that’s the case).