I stopped my EUR/JPY long grid (I have two other JPY-related grids and expect some Euro weakness) and my USD/CAD short grid. Will wait for a pullback.

Directional Grid Trading Journal

Finished it with about +25%. Had to close some Euro shorts and still have some to close.

At the back of beyond...

New positions from yesterday and today morning: Short EUR/USD @1.38325 and @1.38538 Short Silber @22.605, 22.757 and 23.031 Short Gold @1337.58 and 1348.91 Long USD/JPY @83.057

Directional Grid Trading Journal

Here just a chart to show why I think the Euro tops out now technically: image We are at the top of the channel and we have some kind of resistance around 1.38/39. That itself wouldn't be a problem but the fact that we had this huge run up without ...

Directional Grid Trading Journal

Euro is preparing for a 300-500 pips correction down. Might go to 1.40 first, but I doubt that.

Directional Grid Trading Journal

Short EUR/USD @1.37707 Long USD/CHF @0.96835

Directional Grid Trading Journal

Long USD/CHF @0.97184

Directional Grid Trading Journal

New short EUR/USD at 1.36946

Directional Grid Trading Journal

Took profit on my EUR/USD short at 1.37039

Directional Grid Trading Journal

And that's the situation on Monday morning: image Had a good start already, the grids are running well.

Directional Grid Trading Journal

Missed that one, sorry. I just use support/resistance stuff plus higher highs / higher lows for trend definition (in this case up trend) plus overbought/oversold scenarios.

At the back of beyond...

Sure, nothing fancy. I guess MyFxBook displays them as well. These orders are just buy stop orders above the price in the USD/JPY, AUD/JPY, EUR/JPY and USD/CHF and sell stop orders below the price in the EUR/USD, USD/CAD every 20 pips with a tp of ...

Directional Grid Trading Journal

That is a good question indeed! The difference is that you never know how far the price moves. Using a tp of 25 gives me the possibility to get everything from a move. Plus the fact that I reload the grid every time the price goes against me. In ...

Directional Grid Trading Journal

New position: Long USD/JPY using 500 units @83.335 New grids: Long EUR/JPY, AUD/JPY, short USD/CAD

Directional Grid Trading Journal

I use simple 1-2-3 patterns for trend definition, so higher highs / higher lows for an up trend and vice versa. Plus I use some fundamental basics plus overbought/oversold scenarios (like for the USD/CHF and USD/JPY at the moment which are at insane ...

Directional Grid Trading Journal

Ok, here we go: image First manual entries are: Short EUR/USD @1.37860 with 1,000 units image Long USD/CHF @0.97421 with 1,000 units image Long USD/JPY @83.274 with 1,000 units image The Euro had a huge up move within a very short time and ...

Directional Grid Trading Journal

Hehe, ok. I'll go more in detail soon in my thread with some examples how I'd like to handle it.

EURUSD

Oh you haven't? Remember our Angela Merkel just did her best in confusing the markets with her "yes we will support Greece, no we won't pay, bla bla bla"?

EURUSD

Yep, I remember. But I don't use that stuff at the moment. Actually I will use some kind of a grid setup again like I used in my test account.

EURUSD