Wow Congrats to those who short the Dollar! Major moves for Majors! New highs! I had thought today gonna be a slow day, hence decided to do household errands.....

Cable Update (GBPUSD)

Closed shorts of EJ for +47, NJ for +27. Went Long USDJPY and CADJPY Decided to close the remainder shorts, as they are all near (although not yet touch) support. Also, USDJPY has touched a major support. The whole structure looked bullish. USDJPY ...

OxyGen FX Trading Journal

EJ & NJ shorts still active, in profit. RBA in focus for AUD. USDJPY massive dip but did not produce any quick reaction back up. This likely meant it will dip further. But lets see how Asia Tokyo (opening in a hour or so) reacts. Was glad not to be ...

OxyGen FX Trading Journal

While GU stays in 30pips horizontal range for Asia, London and now mid NY session, see what GBPJPY has been up to since Asia. (GBPJPY 4 hr chart) image

Cable Update (GBPUSD)

EURJPY shorts, since Asia session, now close half for +46 pips. Not sure if wanna push for more. May just close. image NZDJPY shorts remainder half still in play. GBPJPY no trades after closing remainder previously. Lets take a look at USDJPY. The ...

OxyGen FX Trading Journal

GJ, Closed remainder shorts for +78 pips. The Daily candle is already 100 pips and looked stretched. I will not push my luck. image NZDJPY shorts still in play EURJPY shorts still in play.

OxyGen FX Trading Journal

GU stuck in a horizontal 30pips range since week opening. Same for EU. Actually, all the action are in the Yen pairs.

Cable Update (GBPUSD)

GJ shorts, from 139.60, closed half now for +40 pips, as it hits top of channel. Rationale for shorts, as previously said, a possible blow out top after bursting above 140, and the twice rejection of 140. image NJ shorts still in play, as ...

OxyGen FX Trading Journal

AJ, price did reversHit the protective stop and close for +28 pips NJ shorts, from 69.71. As seen using Daily chart for bigger perspective, there is no place for any nearby support. Hence close half now, in the middle of nowhere, for +33pips, ...

OxyGen FX Trading Journal

Agree that NY is confusing, in recent times. Recently I often close position JUST BEFORE NY. I wonder why did it become so? It was not like this in the past.

Cable Update (GBPUSD)

On the topic of Central Bank's interest rates, I can see interesting history in our FF calendar. The NZD interest rates decision was last week. I clicked on the charts icon on the far right, and below is what I got image Similarly, for AUD, below ...

OxyGen FX Trading Journal

Occasionally, I like to take a look at what other pairs are doing. Below is AUDNZD, weekly chart, can see from 2013 to present I like to open the weekly just to have a overview and to draw lines. Purple horizontal lines are significant round ...

OxyGen FX Trading Journal

I agree with your view to wait for confirmation. My two cents is that Friday's rejection from 3130 (yellow line) is rather strong. Today's Asia tiny rally could very well be a "corrective rally". Who knows? Anyway, the whole structure from July is ...

Cable Update (GBPUSD)

Hmm, things are moving fast this first Asia session of the week. AJ reverse down 10pips, threatening my SL at 76.55. Meanwhile, had place shorts for - NJ, to hopefully break narrow channel - GJ, as it looks like a blow out top had failed 140 twice ...

OxyGen FX Trading Journal

Start of a new week, 17 Aug. Last week's AUDJPY longs (a small position, over the weekend) is still in play. Closing half now for +29 pips before Tokyo opens. 2nd target is the 22July high of 76.87. I opine that this AUDJJPY may be the only Yen pair ...

OxyGen FX Trading Journal

Last week tis'the week after NFP. Majors continue to consolidate within their 3-week-old chart pattern. As the patterns are at the end of a 3-month old rally, the longer it takes to consolidate, the more it becomes a "continuous bullish pattern". I ...

OxyGen FX Trading Journal

I like your quote ""If a system fails for you, but work for others, then you are the problem"". I am also a novice trader, and thanks for taking the time to explain. And adding to the points you mentioned, I would like to view that the "trader"and ...

Cable Update (GBPUSD)

I am just speaking in general, the "#1 mistake" you mentioned is the hardest to fix. So many systems to choose from. Paradox of choice. Which is the ""best""? A never ending quest for many. Just look at this forum. I dare say at least 1,000 unique ...

Cable Update (GBPUSD)

Close AUDCAD short for +25 pips. Somehow felt it has reached target and won't fall any more. Looks stretched. Close before the US Buy-everything session begins. Also, now favouring AUD longs, hence will have conflict with this AUDCAD short. image ...

OxyGen FX Trading Journal

Closing a EJ short for +55 pips, as price bounce just before a support (6th Aug high) image

OxyGen FX Trading Journal