I am wondering are we heading to a negative week for Euro? At least my trading idea box is calling a short now. We have Euro-Zone Industrial Production, CPI, Trade Balance figures etc coming. Generally, it looks bearish. Let’s see how it goes.
Let’s have a look at the chart. (click to view full chart)
Here is the statistics
When trying to figure out which economic data is important right now..
It is all about putting yourself in the shoes of the central bank governor and thinking about what problems are most pressing
I would say it was a little bit tricky this week. The RDT system went Long and short on EURJPY, Long NZDUSD, both were doing pretty good, except the Long EURJPY, which was a crap with -1R loss. GBPUSD was a discretionary trade. It didn’t meet the RDT system criteria, so the system gave it a miss. The rest of the week, I did some discretionary trades, which were not impressive at all.
Having a semi automated entry system helps. It saves me a lot of chart screening time. And it tortured me as well. 😆 It takes really great patience to sit down and wait for the signal. I started some discretionary trade this week, when I was waiting for RDT signal. That was not a right choice. I should have spent the time reading instead of trying to show my brilliance (foolishness in fact) in the market.
So far so good for automation project. I am working on coding steps size trailing stops. I am doing it manually now to trail stops. I can feel the aging effect inside me. I am getting slower now when figuring out some program logic. Probably, I need more practice to gain my sharpness. I am still waiting for my new PC to arrive. I purchased one on ebay to host my ATS program. Running the program on my laptop day and night is not a wise choice.
It’s all good. My system is still on, let’s see if I’ll have any trade on Friday.
I thought this is interesting. OK, AUDCAD is a exotic pair, and spreads are huge. But this does not seem to be a bad tick. This happened in most of brokers as well. I guess it killed a lot of bulls who are shorting CAD in this pair with the fact that oil just had a bad day. Who’s the mastermind of this spike? Interesting…
Well this is a useless chart. Just for fun. Don’t waste your time to figure out the strategy to trade this… 😆
Here we go. My Really Dumb Trend system fires buy signal for EURJPY. It looks a little stupid… 😆
Anyway, let’ see how it work out, and who is the really stupid one.
(Click to view the full chart)
And here is Sell signal for USDCAD
Let’s do some boxing today. Though I am still waiting for the trade signal, I am a little bit of negatively biased. 🙂
USDCAD has formed a pretty nice box with negative momentum in 4-hr chart. Let’s see how it works.
(click to view the full chart)
