Friday 20 Feb Trades

Bit of a rubbish day for me guys. Not helped by me being ill in the night so woke late, and missing any decent early morning positioning.

Hopped onto the AUDUSD far too late, but thinking ‘ the big boys’ would have a quick pop at liquidity above the market, so did that for about 8 pips, as sure enough they did after a slow tedious grind upwards.

AUDUSD

Bored of that I hopped onto USDJPY, as it pulled back and rejected the ‘inside low’ and traded it to the previous days low (red line) for about 20 pips.

USDJPY11

As you would expect that level got a reaction (and I was stopped out) but USDJPY in fact traded all the way down to the previous weeks low.

I know some traders on Twitter really cleaned up on the EURO trades, but I was determined to steer clear because of the Greece talks, its a thin line between whether trading or gambling, when active in the markets during major news events.