There are valid arguments for both Bulls and Bears at your NZD entry. Unless you have bet the house and broke your account, if not, you have not "failed" anyone. The NZD dip from RBNZ is not a given, Could have rallied, traders "have already priced ...

EURUSD

OMG this is hilarious !

EURUSD

Short GBPJPY, small position. GJ has broke only briefly above short term channel. To target the base of the channel. To use a small position, will close for small loss if GJ rally back up. Will endure for more pips (so that the profit will magnify) ...

OxyGen FX Trading Journal

NZDUSD dip sharply at 10am exactly, which is NZD rates announcements, rates unchanged at 0.25%. NZDUSD short target hit 1st target 0.6545 (which I placed a Take Profit, hence automatically closed for profits). This target was in reference to 23June ...

OxyGen FX Trading Journal

Some thoughts regarding the Majors and this current multi month strong rally (aka multi month USD weakness) Is the rally ending? Now? Much later? I have no answer. Seen with Daily TF, most of the Majors are showing what I called "fuzzy tops". To me, ...

OxyGen FX Trading Journal

I am not very well verse in Econ Macros, only read from news reports which may be bias. I have not ruled out EUR bulls, as tech-wise I would much prefer a blow-out top at the end of a large rally. (see below example) Current tops (using Daily TF) of ...

EURUSD

or...... it may linger at 1.17. Upcoming NY session is CPI, Fri Retail sales. Is the US-China trade talks over? Anyway, if it lingers, there is more chance of it breaking down, tech-wise.

EURUSD

Had shorted the Majors. Will be watch out for bounce at trendline and whole number supports. image image Shorted NZDUSD, and note NZD cash rates at 10am Asia. Technically, it has broke below 0.6585 support, and also below 5 month old rising ...

OxyGen FX Trading Journal

Trade still in play, watching out for bounce at 1.30 area. image

Cable Update (GBPUSD)

Trade still in play, aiming for 1.17. This will be the 2nd time it test this 1.17 this week. Will watch out for any sharp bounce. image Have set NZDUSD short, to 6540 and 6500, NZD cash rate event later in a few hours. Tech-wise, it has broke below ...

EURUSD

Thanks for the Question, which I see it as a reminder, for me to beware of over trading, and manage my expectations that is limited by position size and account size. I have ponder this for the longest (really longest) time, and have been adjusting ...

EURUSD

Closing half for +35 pips. I had earlier closed shorts with losses as prices went up. Now, it has come back down. Well, I guess it was the right thing to do back then, I must tell myself. One never knows where the price will go. GU is so close to ...

Cable Update (GBPUSD)

In earlier Asia and London session, I closed shorts for losses (and also that for other pairs), as prices went up. Now, the prices are back at my original shorts back then. Did I do the right thing to close, back then? I must try to think that it is ...

EURUSD

Short EURUSD. All the Majors have reversed down and given back the NY session gains.

EURUSD

Short GBPUSD. Although it went up together with the rest of the Majors, with 1.32 being a magnet, and GJ had just broke above bull flag, there seems to be no follow-thru. In fact, Majors all reverse the NY session gains.

Cable Update (GBPUSD)

I think cable is being pulled up by GBPJPY breaking above a 6-day tight bullish flag. Now GBPJPY being drawn towards its 5thJune high (139.74) and 140 figure, which is like only 70 GBPJPY pips away. Likely many orders there waiting to trigger.

Cable Update (GBPUSD)

The Daily candle is 86 pips, and today being a "non-event" day for EUR and for USD, hence I think 86 pips is already quite a lot. (High 1.1808, low 1.1722) That's my lazy way eye-ball way of analyzing if we are "done for the day" for a particular ...

EURUSD

Time for me to do the usual market overview, to get some clarity for myself. My recent bad trades can be partly due to laziness to see the big picture and did not notice the tide have changed. Or maybe I should trade a bigger timeframe instead? It ...

OxyGen FX Trading Journal

For me, I will stand aside and see what the NY open does. Other Majors are moving, in such a way which seems to suggest broadbase USD selling. Yen crosses are also moving up, which might also influence Majors.

EURUSD

Close with loss of abt 35pips Subsequent sessions kept pushing it up, and now I cannot decipher what is going on. Will stand aside. image

OxyGen FX Trading Journal