Today is NFP day, and most times it will cause big moves and will at the least shape the short term trend (i.e, will affect next Monday/Tuesday) Next Monday is a USA bank holiday. Bank holidays to me are considered as Major events, because exchanges ...

OxyGen FX Trading Journal

Trade Update: Closed NZDJPY shorts for +40pips Closed NZDUSD shorts for +40pips (Finally, it moved after 3 days...Frankly, I lost my patience for this trade, hence decided to close all) The 3rd day of USD strength. Yen-cross also dip. NFP Tmr.

OxyGen FX Trading Journal

Finally, US session opens... Had a most intense scalping trading last 4-5 hours, been buying dips and close when about +10-15 pips, And goodness there was a lot of these dips (as I scan thru AUD, EURUSD, GBPUSD looking for suitable ones to buy) LOL, ...

Cable Update (GBPUSD)

Decided to close GU Long now at -10pips. Price took too long to do any retracements. Will wait for Europe session to see whats going on.

Cable Update (GBPUSD)

Asia opens, no reaction on the downside. Good morning to Asian traders, or those who also trade Asia hours. Going Long GU. Just a scalp trade, not aiming for 1.35. Small position. This type of price action is the hardest for me. Price had big moves ...

Cable Update (GBPUSD)

Y’day USD recovered strongly against all except NZD and CAD. Yen pairs mostly drop except NZD and CAD Majors and Yen pairs will likely consolidate. Hard to do any longer term trades, Will just scalp 10pips, 15pips if have spare time. NFP on Friday. ...

OxyGen FX Trading Journal

Trade Update: Near Noon NY session, volume sometimes dropped, and movements slowed or paused. AUDUSD shorts, close half for +40pips. GBPJPY shorts, closed all for +70pips (had took the trade as it was rejected from top of rising channel) GBPUSD, ...

OxyGen FX Trading Journal

No time to update. Sadly I have no control over my time. This will affect my trading. And also had a last minute wonderful meet up with an old friend. Brilliant guy, have the looks, and the brains to set up companies. I know he worked super hard. ...

OxyGen FX Trading Journal

Closed half position for +60pips. BTW, NASDAQ shot up to 12K figure and got rejected (at least for now). Might be a sign, since Techs have been leading this un-earthly stocks rally. GBPUSD, image

Cable Update (GBPUSD)

Shorted GU with a small position, target the top of previous consolidation. It has broke below rising channel, and looks like a strong reject from 1.35 figure. Would prefer to short it if it ever goes up a bit to 1.34, hence now a small position now ...

Cable Update (GBPUSD)

Trade update: NZDUSD short was closed loss -20 pips, after NY open, when there was a brief dip. Was not confident that it will fall. Asia opens. Short NZDUSD again Short AUDUSD Short GBPJPY Short NZDJPY Update later, after AUD GDP

OxyGen FX Trading Journal

EU might skid past 1.2 figure a little, as it is moving too fast to stop. It has push above a long term falling line, but I reckon a line of this magnitude is never precise. But EU may face some resistance here. 2010 and 2012 bottoms. EURGBP may ...

EURUSD

GU is now very close to 13th Dec2019 high (1.3515) and the 1.35 round figure. Maybe there is a lot of pending orders there, acting like a magnet? image

Cable Update (GBPUSD)

Perhaps should ignore COVID19 price action. Below is a chart for USDCAD, weekly, so that can see the larger picture, price for the last 15 years. 1.30 is a strong support. The yellow box is the price action during COVID19. Prior to COVID19, USDCAD ...

OxyGen FX Trading Journal

Trade update: AUDJPY close loss -30 pips, as price seemed to challenge falling line. And it eventually did! There was sharp reject thereafter, but need to wait after RBA to see if there is any follow thru. There is a lot of bear traps these few ...

OxyGen FX Trading Journal

Short GBPJPY, target back to 140. UK is on bank holiday, the other Europe mkt are not committed for more bulls. GJ has previously broke above 5th June high and now above 140. It seems to have achieved everything for bulls and now there is no nearby ...

OxyGen FX Trading Journal

Short NZDUSD, target just above the previous (short term) double bottom 0.6660. Asia has just opened. Will escape if Asia later in the day decides to reverse up. The trend is visibly still up, although technically it has not break above 0.6755 ...

OxyGen FX Trading Journal

Short AUDJPY. Target top of previous ascending triangle. Will escape if it reverse up if Asia so decides. Price have ralied last week and now before Asia is been rejected just below long term falling trendline. See perspective from Daily, and weekly ...

OxyGen FX Trading Journal

1st day of the week, last day of the month. Recipe for large moves. Very hard to make trading decisions. I find it uncomfortable to chase price up, and yet there is no signs of pausing. Will see how over the weekend the Asia mkt digest Powell and ...

OxyGen FX Trading Journal

Last week’s main drivers were Powell’s USD-dovish speech and Abe’s resignation which is JPY-bullish.Majors rally with AUD and GBP making new multi month high. Yen pairs sink, testing their critical support. Next week is NFP week. Mon - UK Bank ...

OxyGen FX Trading Journal