Not a great week at all, which feels like what we usually see out of August, even though you would think it would be fine with everything going on in the world. Another day with stop outs, our worst string in months. See EURUSD and GBPUSD below. I will be sticking with half size as it appears we are in the usual August doldrums without quite as narrow ranges. If things shift about, I’ll return to full size. On a typical year, I’m half size for 5-6 weeks around this period anyway.
US Dollar Index intraday with market directional lines:
New calls Sunday and Chat to start the week.
As usual on the Sunday report, we’ll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then look at the US Dollar Index below.
Triggered long at A and stopped. Barely 100 pips of range. Note the use of Pivot (point B) and VAH (point C); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES but that doesn’t really help us in that scenario:
After setting the Pivot twice, clean trigger short at A, but only went about 30 pips and stopped. Note that the breakout over UBreak ran straight to R1: