EUR/USD:
Has formed a short (CMO crossed zero line, TSI lines have no gap, TCF has crossed, and Tenkan/Kijun lines have small gap and moving upwards together) but is well above the cloud still. Mixed messages on this one Chikou Span indicates a weak signal and price is well above the clouds.
USD/JPY:
Woah! Price just shot down to 116.29 (as of this writing 6:10pm) from close on Friday of 116.77. Price action is wholly under the cloud. The Chikou Span is indicating a strong short. I'm adding to my position.
AUD/USD:
Cloud is not as tall after market open. This pair is looking like it wants to signal a short too, but zero line has not been hit (very close), TCF hasn't crossed (close as well), TSI has no gap, but Tenkan/Kijun is nowhere near crossing.
EUR/JPY:
Hmm, price is dropping fast. All action on the 4-6pm bar is in the cloud which is very tall. Chikou Span is strengthening the short signal. Both TSI and TCF lines are starting to gap. I'm a little hesitant to enter due to the tall cloud and recent price action. However, the chart looks very much like 2/25. A very good short run started that day.... but the cloud thinned significantly. If this was a real money account, I'd probably pass. But, as this is a practice account, I'm going to see if I'm being silly in the face of a good run or not.
NZD/USD :
Looks like it is trying to form a short.
GBP/USD (not trading, just watching):
The downtrend strengthens. If I were trading this I would enter a short at 1.9393 with a stop of 1.9463.
USD/CHF (not trading, just watching):
My original system indicates a long (CMO hit zero and TCF has crossed). However, the TSI is still indicating a short, but with a small gap. Tenkan/Kijun has not crossed. Mixed signals all around. Price is well under the cloud and Chikou Span is indicating a stronger long signal. If I were trading this, I'd wait and see.
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Entered short EUR/JPY 154.88 with a stop of 155.89 (total risk of around $85).
Entered short USD/JPY 116.28 with a stop of 117.54 (total risk of around $110).
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Update 3/18 10pm
Well, that was irritating.
*Huge* jump in the price back up on both EUR/JPY and USD/JPY.
A few things come to mind:
1) Never enter into similar pairs at the same time (i.e EUR/JPY & USD/JPY).
2) Never enter on a EUR/JPY signal when the cloud is so tall
3) I need to pay attention to the Chikou Span on USD/JPY
4) Adding to a position needs 2-3 more days in the right direction and the right side of the cloud.
My USD/JPY's have not stopped out yet. The only reason is because I didn't move the stops down at the last period. At this point, I think the CMO's hitting of the -50 line at 8am 3/16 was a real offset signal. I closed out both USD/JPY positions.
EUR/JPY reversed and hit its stop for a loss of $86.31.
USD/JPY closed out by hand. Loss $6.82
USD/JPY closed out by hand. Loss $83.60
grrr
Old system is indicating USD/JPY has gone long. The 8-10pm period broke through the top of the cloud. But, the Tenkan/Kijun are running together and the Chikou Span is saying the signal is weak.
I'll be digging around in the FT and FXStreet tomorrow morning to find out WTF was going on this evening.
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