Shorted almost all JPY crosses last week

Last week, most JPY crosses were parked at critical resistance level. Shorting JPY crosses became a natural low risk selection. In The Alien Room, I shorted

  • USDJPY at 113.70 and exited on break even (no gain no loss)
  • EURJPY +125 pips and +30 pips (protective SL) Average 77.5pips gain
  • GBPJPY reached final profit level too. Had 3 positions in this. +79 and +219 pips profit respectively. 3rd position is risk free with shifted SL
  • CADJPY reached target too and closed for a profit of 84 pips
  • AUDJPY this trade is slightly in the red as AUD is one of the strongest currency still

I like to illustrate using CADJPY how I traded. If you think I'm only showing winning trade, that's wrong. I announced all my wins and losses publicly. Download any of the trade diary and you could see detailed record of wins and losses. See trade performance and diary here.


My trades in The Alien Room
My trades in The Alien Room - not indicative of your performance

As a personal principle, I do not want to waste time analysing losers. I prefer to spend time understanding how to repeat winners. You buy biography of successful people and read their SUCCESS STORY isn't it? You read them, pick up traits and habits of what make them outstanding. So what's the point of analysing losers? 


Best Practice illustration - how we shorted CADJPY for 84 pips


Analysis in Big Picture

Big Picture Analysis - Cadjpy resisted
Big Picture Analysis - Cadjpy resisted

Lower timeframe entry

Cadjpy - shorted at 86.14, a very low risk trade as this short happened after a confirmation
Cadjpy - shorted at 86.14, a very low risk trade as this short happened after a confirmation

The Alien Gift reinforced sell level

In case you want to see what was posted in that chart...The Alien Gift gave a nice sell level
In case you want to see what was posted in that chart...The Alien Gift gave a nice sell level

Took profit for 84 pips

Took profit on CADJPY for 84 pips
Took profit on CADJPY for 84 pips

Bullish/Bearish Day Close 27 Feb/ Open 28 Feb

It doesn't mean that after a bullish or bearish close, price would immediately trade in that direction. Remember, we are trading the retracement after an expansion. So it is important to know, with these alerts, which pair we need to zoom in first.

And I see trades already popping out of these results. Will post it up in #thealienroom.

Few thoughts:
1. #USD is somewhat gaining strength.
2. #EUR might be oversold and thus retracing upwards
3. #GBP has probably more room for drop. Don't forget that we already locked in


Bullish Close 27/28 Feb 2017
Bullish Close 27/28 Feb 2017

Bearish Close 27/28 Feb 2017
Bearish Close 27/28 Feb 2017

Monitor this pair if USD is to strengthen

My analysis pointed to possible short term strengthen of USD. Read this post.

If USD is to strengthen, then USDCAD Autobox plot is showing some internal strength building up. Coupled with USDCAD parked at strong support which I pointed out in The Alien Room, this is a pair that I will be monitoring, especially that Autobox day close is showing bullishness.

USDCAD bullish internal strength
USDCAD bullish internal strength

JPY strengthening. Indexes showing bearish close in Day chart. Gold heading up....??

Currently, there is only one open trade in The Alien Room. However, I will be putting in new trades when market provides better clues. Today, I want to bring to attention that many indexes like FTSE100, DAX100 and even Hang Seng (but US indexes had a last minute push up before close last friday) are showing bearish expansion. Is something brewing?

I present a chart in NDX Gold Bug and this will probably tickle your thoughts a little. HUI is one of the two most watched gold indices on the market.  HUI is falling, but coming up are zones of support. I would assume it is supported at this moment and I'm watching it for trading opportunities into Gold.


Gold uptrend with bullish internal strength
Gold uptrend with bullish internal strength

HUI - Gold Bug NDX
HUI - Gold Bug NDX


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