January, the month of fine-tuning
Posted by trywalker / 9:56 a.m. @ Hong KongFeb 1
I finally managed to find the rhythm in trading last month despite a red number in P&L. Market trading on the back of bear traps after a worse than expected NFP early in January helped me to pick the levels for a possible risk aversion. Guessing the turnaround in S&P and Crude Oil helped me to stay on the track for the rest of the month at the times of troubles.
Staying short EURUSD from 1.44s, AUDUSD from 0.9250s vs. long USDTRY from 1.45s and USDJPY from 88.50-89.30 area was good enough to cheer me up while losing money in illiquid Asian session two-way customer flows and stop-loss order executions in Wellington openings.
With the expectation of a black number in February, it is time to keep the motivation, confidence and team-work as high as possible to clear the sky from suspicious clouds. To make that happen, I need to have a better decision making mechanism which is only possible if I am energetic and in shape so No drinking and losing weight policy for 2 months starting from today.
We are going to have the mighty NFP this Friday ( +15k exp.) and once again, the rest of the month will be more based on that number. I will be paying a lot of attention to a weekly close below/above at 1070 in S&P and 1.3868 ( 200 SMAVG in weekly) in EURUSD.














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