Friday, October 2, 2009

Friday October 02, NFP

Many distractions the last 24 hrs ... so I am a bit behind.

AUDJPY short 77.74 stop 78.04 traget 70.00
GBPCHF short 1.6540 stop 1.6590 target 1.6218
CRUDE short 69.90 stop 70.40 target 65.00
EURJPY (Thu) banked 50% @3xR 129.70 (+1.5%)
GBPJPY (Thu) banked 50% @3xR 141.88 (+1.5%)
USDJPY (Thu) banked 50% @3xR 88.90 (+1.5%)
CRUDE banked 50% @3xR 68.40 (+1.5%)
EURUSD short 1.4580 stop 1.4605 - addition @ swing 50fib
EURUSD addition stopped out (-1.0%)
USDCAD long 1.0847 stop 1.0807 - bullish piercing line candle
AUDUSD short 0.8685 stop 0.8705 - addition
GBPUSD short 1.5882 stop 1.5922 - addition - evening star
GBPUSD addition stopped out (-1.0%)
USDCAD addition stopped out (-1.0%)
GBPUSD short 1.5935 stop 1.5955 - trying again
USDCAD long 1.0822 stop 1.0792 - trying again
EURJPY stopped out (-1.0%)

I have not managed my positions very well at all today.  I did not expect the sell off after bad NFP to be followed by such a quick reversal.

Open Positions:
GBPUSD short 1.6399 (23Sep) & 1.5935 targets 1.58, 1.5530, 1.5250
GBPJPY short 148.45 (24 Sep)& 143.08 targets 141, 140.60, 139
EURUSD short 1.4655
GBPCHF short 1.6540
USDJPY short 89.80
AUDUSD short 0.8799 & 0.8685
CADJPY short 83.93
USDCAD long 1.0822
CRUDE short 69.90


  1. Brill recovery nic. Well done.

  2. Hi Nic, this is Sinan from Strat's. Thanks for the invite to your blog...its a great idea and I'm just starting one now myself. I got a little beaten up on Friday...wish I handled it as well as you. Reversal off the S&P March trend line from what I see in my charts...

  3. Yeah I wish I had handled Friday better and exited some of these positions. I'm not sure I handled it well at all and I regret adding.
    I was not expecting such a reversal. Oh well.

  4. Hi Nic - you are not alone. I had a nice gbpyen trade live that was doing well until I got back and checked the charts EOD. Looks like I will have to trade in the opposite direction now!
    Such a strong move after NFP it goes back to what MP1040 used to say on T2W - look for the level that NFP will drive the market to using the 4hr charts and then when it hits that level, fade the initial move. Would have worked great yesterday!