26th July 2018 - Forex Diary


7:54 am BST - morning all .....average morning .....usd is swinging and not settling...most currencies similar

only yen is showing any bias as a bull up to +20 pips so far from 6am BST

heres EJ...pretty much all im trading at moment ....simple price action pattern scalping off of my bespoke strengthmeters telling me what pairs to trade

(my Currencies indexes not shown)

still only moved some 20 pips though from 131.00......thats because the euro currency is pretty flat so far and not assisting the yens rise

11:11 am BST

still selling EJ at the obvious areas ......see chart below ........actually usd has gone strong bull since 8am so i have been more plundering usd buys into decent selling currencies .....GBP is as good as any to be selling into usd at moment see chart 2 ................guys trading forex is not rocket science....all you have to do is follow the currencies that are trending ............sure theres a little more than that .....but thats all detail compared to getting the bigger picture from strengthmeters like my FXCorrelator

14:30 pm BST

my last post was GU heading into 3190's hunting resells ..........usd has continued to get stronger now having pushed 35 pips north from earlier london lows

thats not bad for a session off the greenback ....and i got in pretty early as well

so again steady eddie trading.....heres where i was working cable .....down from 3190's to 3150's .............scalping on small stops you can hammer some serious pips on such dynamics

yen has faded so im not really trading so im out of EJ sells.... although Euro is seriously getting bear hits now and im on EU sells .....perhaps falling back into EJ as well soon

15:32 pm BST

tooo easy now ..usd on bull rampage as NY fires up

usd on a +60 pip retrace from london session lows earlier ......swissie is actually chasing usd hard on a risk on scenario (?)......anyway euro and gbp getting equally battered

split the correlation risk or just pick one ....they are identical at moment trading them ...30 pips down from last post above


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