Weekly recap

I haven't posted anything in a while, but that doesn't mean I haven't been trading. It just so happened that 11 hour work days don't leave me much time. Anyways, let's look at some good opportunities from last week.

First, G/U. G/U is difficult to trade, but there are always nice possibilities to take advantage of. Quick glance at the daily chart showed a strong move to the upside, approaching the 1.6000 level.



Looking at H1, the price failed to break above, created a triple top and sold off heaving from there.



The first two shorts were a bet on the bounce off 1.6000. The following long (blue arrow) was a bet on a bounce at the low at 1.5824. Notice that in the image you see it broken, but it had bounced for 20+ pips before the break. Then a short at 1.5900 on a heavy retracement and another short. Finally longs after the valley was created and 1.5560 supported 5 attempts to break it.

E/U - I have only one trade to show - a trendline break on H4.



The trendline was broken heavily by 130 pips on H4, then the price rallied back to it and sold off from there. This is almost textbook, however the execution was a bit difficult here. If I remember correctly, the retracement to the trendline was a reaction to terrible NFP numbers and I don't know many people who're willing to fade that. Anyways, I like fading news...

Moving on, E/G:



The first short is at the previous high, then a long at the trendline. Once the trendline is broken, we buy at a low at 0.8260 and sell it when it retraces to the trendline. An insane fall to 0.8200 where it folds for 15+ hours. Bounce back up to previous support (which now becomes a resistance) where we go short. Cover the short at the low again. Simple? Very simple if you look at it one week later, but the execution is always more difficult.

-Tyler