Review week 38

This week markets pulled back more then I expected, making this another unprofitable week.

Result: -1,7R
Two losing trades of -1R each. Entry signals were pin bars of support and resistance levels of respectively EURUSD - long and USDCHF - short. For both pairs prices ended up retracing back to the tenkan, were they are currently.

EURUSD - Long -1R pin bar entry at support level

USDCHF - Short -1R pin bar of resistance level


One profitable trade on EURJPY - long got stopped at 0,3 R. The entry here was also a pin bar of support, which got entered around the NY close. During the Asian session price took of and then retraced again. As we had higher prices being rejected the day before I figured I'd better move my stop and lock in some profits. Turned out to be a good call as price dropped right after.
EURJPY - Long 0.3R - I got out in time
Following entries are still in place:
EURGBP - Long - Inside bar
EURUSD - Long - Inside bar
USDCAD - Short - Pin bar

USDCHF - Short - Inside bar


















I consider them valid until the trend changes or dies.

Ichimoku trend analysis

Ichimoku cloud analysis suggest I should be looking for trades on following currency pairs in following directions.
Long: EURUSD, EURGBP, EURJPY,
Short: USDCHF, USDCAD

Economic calendar week 39


GMT Event
Sep 23
23:50 JPY BoJ Monetary Policy Meeting Minutes
Sep 25
n/a EUR Draghi-Merkel meeting
13:00 EUR ECB President Draghi's Speech
Sep 26
12:00 EUR Consumer Price Index (YoY) (Sep)Preliminar
12:00 EUR Harmonised Index of Consumer Prices (YoY) (Sep)Preliminar
Sep 27
07:55 EUR Unemployment Change (Sep)
08:30 GBP Gross Domestic Product (QoQ) (Q2)
08:30 GBP Gross Domestic Product (YoY) (Q2)
12:30 USD Durable Goods Orders (Aug)
12:30 USD Gross Domestic Product Annualized (Q2)
12:30 USD Gross Domestic Purchases Price Index (Q2)
Sep 28
12:30 USD Core Personal Consumption Expenditure - Prices Index (YoY) (Aug)
12:30 CAD Gross Domestic Product (YoY) (Jul)

Comments