Good Morning Journal!
Good Morning Mike.
Well, my morning went good. Surprisingly. Cause, boy, was I upset with myself yesterday. For dinner. Man…I shouldn’t have. I ate the whole thing! Me and Trish got some subs and french fries from a good restaurant. Picked it up and brought it home. Man…was it good. Oh my goodness. But, I got 2 6inch ones. And I should have stopped after eating the first one. But, I didn’t. I mean, I knew it at the time. This is not going to end well. But, in the moment, that has got to be one of the hardest things on earth for me to do. Talk about self control. Yeah, and I thought I had some. Absolutely not. I do not. I can’t control myself. In that regards.
Well, it made for a not so good of a night. It was only a little bit later that I felt sooooooo full. And, of course, that leads me to be tired. And well, you know what that means. I’m falling asleep early. And, I did. We’re talking early. This scenario has taken place too many times in the past. Therefore, what I’m going to have to do today, again, is some damage control. See, she doesn’t like when I fall asleep early like that. Basically, it takes away from our time together. Don’t get me wrong, I agree with that also. I mean, we both enjoy our time together. Well, last night, there was none. I was out.
Anyway, this was going to have some ill effects on my running, also, in the morning. See, there’s two sides to it. The exercising part of it, but the food intake part of it is just as important. I slipped up. Well, it happens, like once a week or so. But, it just makes it soooooooo difficult when I have to go running. Doesn’t it only make sense to not have that much food in you when you got to run? Yes, it does. Anyway, I got through it. And, actually, surprised myself by running as far as I did. Basically, I’m at doing the complete route twice. Which is a total of 1.2 miles. I know, that’s not all that far, but, that’s where I’m at. Boy, I tell ya, the older you get, the harder it gets. Plus I let myself go for too long. So, that’s like a couple strikes against me. But, the only thing that I can brag about is the drive that I have. I mean, I’m doing it! Consistently. This is happening. I’ve been successful with my exercising. But, not so much, all the time, with my food intake part of it. That is what I got to work on. And it’s all about self-control.
Ok. That’s all good and nice. Anyway, this morning, I got to completing all of the DAILY’S, and weekly numbers. Boy, do I enjoy that. And, you know what? I haven’t talked about this for some time. Until now. I want to. Let’s do this.
Let me bring it in. We’re in the helicopter. Gonna take some pictures as we come on down to the ground level. So, what’s going on in the market? What’s the sentiment? What I see, is a risk-on environment.
What do I see here? Well, the biggest thing is how the JPY has dropped out of the sky. Noticed more on the weekly time frame line-up. Just last weekend they placed 2nd. Now their last. And speaking of the other safe haven currency, the CHF, they have dropped also.
So, what about the Comms? The are elevated. CAD leading the way. Then my AUD. Man, do you remember the fall in the middle of the week. Yeah, I do. Something happened. In fact, Journal, I know you remember, because it started to happen as I was writing to you. Then showed it to you. I didn’t know what was happening, at the time. But, it did. It fell a good bit. But, I think, because of how much they were already climbing, the correction was not all that major. And sure enough, the recovery took place not too long afterwards. I know, cause I’ve been making some money off of that.
Yeah, that’s nice. Well, the NZD is climbing also. You should see how close they are to taking over the CHF. We’re talking I had to get the microscope out to see that the CHF just barely edged out the NZD. Anyway. Let’s go in a little closer.
Sorry for a similar pic, but this narrows down only the JPY as compared to the Comms. It makes it easier to see that relationship clearer. I think this has legs. Probably will see the NZD lift off soon and join his brothers. Take a look back in June, there. They are the top dog. I don’t know. In any case, it’s interesting.
This shows me how strong/weak the JPY is compared to the entire field, as a whole. Yeah, no brainer. But, I do like how consistent it’s been. Nice and steady. “Nice and easy Happy”. Sorry…reminded me of a funny movie. Adam Sandler golfing.
Ok. Well, I want to move in on my pair. In reality, this is the most important piece of data, for me. Cause, this will tell me in which direction I trade in.
I didn’t note it on that, but, this is the pip spread of AUD/JPY. Above the 0 will be positive for the AUD, against the JPY. But, regardless, I can see that the AUD has been climbing against the Yen for a while now. Yep, nice and easy.
I know you probably don’t understand much when I show this, but it tells me very much. I probably could go crazy with the numbers, if ever I wanted to. But, in any case, I think it’s good to know where all my numbers are at. All I’m doing is keeping track of price (in red), the 5ema line (light blue), the 9ema line (dark blue), and 21ema line (tan). On the daily time frame. Weekly time frame, on top of every Friday. Monthly time frame (start of every month). At the very top is the pip spread between the 5 & 9. And below that is the running total pip spread during whatever trend it is in (like if I got in at the crossover to the opposite end of the crossover). Well, you can see there of a complete trend (in red), favoring the JPY. And, if you look closely, on the daily, where my crossover’s have taken place. It’s an extra block in that line up.
Ok. That’s all good and nice. Everything explained. Sorry, I like explaining stuff.
Let’s see, what else?
Man…I don’t know. Oh, ok. I remember. I didn’t show you my last trade, taken on Friday. Yeah, I got in one. But, it didn’t go into a lot of profit. But, at least it went high enough for me to be able to move my stop loss up to break even. Let’s look.
Now we can see it.
Man, I remember, this was going to be early. But, you know what? I wanted in on that blue line. It showed 83.211 (bottom left). I mean, look up at the top right (15min). It crossed up and over. And also that shows on the smaller time frames. 5min & 1min. We’re moving higher.
This is when I moved my stop up to break even.
Yeah, it climbed. Nice. And even crossed up and over. Technically. That’s when I’m supposed to do the break even action.
Well, how did it end?
This is the very latest. Like, I just took this picture right now. And…I’m surprised. Pleasantly! Nice. I thought it was going to be stuck at around the 30 mark. So. Yeah. Take a look at the spread. It’s at 15. I think that’s the farthest it’ll get. So, as is stands, maybe I’ll be good for a while. Who knows. Anything can happen over the weekend. But, it really doesn’t matter to me. Cause, I won’t lose. The worst that can happen is I get stopped out, at break even. Geez. I hope that won’t be the case. Nothing else I can do. Right?
So, man, I’m encouraged. Looking good. So far. We’ll just see how it plays out.
In the meantime, I will be working on a different aspect of my business. Next week, I plan on working on my wall. Yeah. I need to get organized about that. Way more than it is now. I don’t know, I had to start somewhere, right? I just wanted to start writing on it, since I got it all set up. I will probably erase everything and get some kind of system. This is like a tool for me. For as forgetful as I am, this should help, in that regards. When I think about it, there has to be a purpose for everything. And I need to get a good purpose for this. I’m not the sharpest knife in the drawer. So…I got to do what I got to do. You know?
Whatever it takes. But…I am going to build.
Alright Journal, I’m done talking.
Got some damage control to do.