Topsy-turvy

I played guitar for a long time last night after trading and it came out well. My walls are the best audience in the world. There are no people screaming, there are no set times or house sound systems to mess with and the venue doesn't smell like old beer and feet. It's absolutely brilliant.

This week has been very productive. I got home from work last night and fired up the computing devices. When I updated my spreadsheet I found out that there was a pretty hellacious spike/failure in the history data for AUDCAD that was throwing my whole market overview off. I don't usually like being without the overview. For a long time, trusting my gut was synonymous with paying some guy I'd never met for no good reason. But the times, they are a changin.

GBPJPY had ripped 2.39% the day before and it just went sideways. Like I said before, gj doesn't generally stay in one place for too long. It completely bottomed out at the end of the day on Monday and nobody wanted to touch it. It had been consolidating when I got home and had been going sideways for about 14 hours. I was looking for a short.

I was a bit weary of the shorts yesterday because there's always a possibility of gj moving the same amount of space in the opposite direction in the same amount of time. I call them "V-days." A candle cracked down on the 15m and I was short. It dumped right after I entered (always a good sign) and I just held it for four or five minutes. The strength of the dumping price convinced me it was at least good for the next 20 pips. +20 pips exactly.

I didn't get a chance to look at the charts all day today and I was anticipating something sideways. It didn't go sideways. GBPJPY ended up bouncing off the 32ma a couple times on the hourly chart and it printed a sturdy bullish divergence on MACD going into Asian open. I entered long after the second quick retrace on the hourly. My MACD is a pretty strong indicator used in conjuction with other indies and a bit of emotional oversight. The pair printed a pretty unconvincing bearish 15m candle and I entered long rather ambitiously with a quarter of my position. It floundered around and the lingering short-sellers tried in vain to get away from the resistance above. After about 10 minutes, the price completely ripped to the topside. It went about 30 pips in 60 seconds. I'll be honest. I was laughing at the other guy. I've taken enough beatings to know when it's okay to find unrestricted joy in winning. I entered the rest of my position and closed both when the momentum went out. The trade made just over 4% in about 45m in the market.

I told myself I was gonna take less risk going into Christmas, but I lied. The market is showing no signs of erratic behavior yet. I'm full-on through the end of this week. I'll be off from trading from Friday afternoon until January 10th... just looking over charts and sharpening my throwing spears.

Last night, after my trade and before the guitar, I made paralettes on the porch. I used them for the first time tonight and they work (painfully) well. I will be moving slowly tomorrow.

Hope all's well.

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