EURUSD

BUY  1.1321  SL  1.1312  TP1  1.1333  TP2  1.1341

SELL  1.1297  SL  1.1312  TP1 1.1285  TP2  1.1277

EURJPY

BUY  123.00  SL 122.78 TP1  123.18  TP2  123.29

SELL  122.66  SL 122.88  TP1 122.49  TP2  122.37

USDJPY

BUY  108.87  SL  108.54  TP1  109.13  TP2  109.34

SELL  108.35  SL  108.68  TP1  108.09  TP2  108.88

GBPUSD  

BUY 1.4381  SL 1.4344  TP1  1.4409  TP2  1.4432

SELL  1.4324  SL  1.4360  TP1  1.4295  TP2  1.4272

CADJPY

BUY  84.13  SL  83.78  TP1  84.40  TP2  84.62

SELL  83.58  SL  83.92  TP1  83.30  TP2  83.03

NEWS OVER THE NEXT 24 HOURS

Sun May 15

7:01pm GBP   Rightmove HPI m/m    1.3% 

7:50pm JPY   PPI y/y   -3.7% -3.8% 

Mon May 16

All Day CHF   Bank Holiday

All Day EUR   French Bank Holiday

All Day EUR   German Bank Holiday

2:00am JPY   Prelim Machine Tool Orders y/y    -21.2% 

8:30am USD   Empire State Manufacturing Index   7.2 9.6 

10:00am USD   NAHB Housing Market Index   59 58 

10:30am CAD   BOC Review

DAILY RECAP

USDJPY:  Buy      b/e (b/e)               Sell   -37

EURUSD: Buy     NT                            Sell    +27 (+15TP1)

EURJPY:  Buy      NT                            Sell    +44 (+24 TP1)

GBPUSD: Buy     NT                            Sell    +26 (+16 TP1)

CADJPY:  Buy      NT                            Sell    -41

Three wins (27 + 44 + 26) = + 97, minus two losses (37 + 41) = - 78, for a net gain of +19 on the day.  TP1 picked up three winners (15 + 24 + 16) = + 55 for a net loss of -23.

Day:  +19  pips

Week: +189  pips

Month: +793  pips

At the One Year Mark:  +4,296

I managed to eke out a small win Friday on what should have been a bigger win, but two late moves (fueled by the US data) reversed the Sell trades for both the UJ and the CJ and turned what look like two possible winners into a losses (and on the CJ by less than a pip…D’oh!). 

Just to keep the record clear, the same move that killed the UJ Sell also triggered the Buy trade, which bounced in between winning and losing for a couple of hours, and as I mentioned on Thursday, as I do every Thursday, once the last of the news hits the wire I start looking for reasons to get out of my trades if any happen to be open.  The UJ crawled back up to the entry price about an hour after the UofM numbers came out and I closed out the trade at my entry price.

So with that we close out our month of April-May (14^th to the 14^th) with a very respectable +793 pips.  This also marks the one year anniversary of when I started generating these numbers, so it seemed like the proper time to do an annual pip count, which came to +4,296. I am just pleased as punch with how things have gone so far, and I am looking forward to another year of signals in what is becoming an increasingly volatile market, which actually plays right into our hands.  So we have our first annual number; now we have a number to try and beat next year.

Unfortunately, we start off this new week/month/year on Whitsunday and Whit Monday, a religious holiday observing the day of  Pentecost (which is technically Whitsunday, apparently…I’m as Baptist as they come and I never heard of this one, at least by this name) which means banks in Switzerland, France and Germany are closed.  Aside from that, the few news events scheduled are not likely to have a lot of impact on prices, so it’s anyone’s guess what’s going to happen once they ring the bell to start the week.

We could have Gaps, but that hasn’t been much of an issue the last couple of weeks and there wasn’t much going on Friday or over the weekend to cause me to think a gap is in the offing, so we could start with a fairly quiet session overall.  So we’ll put up all the trades and see what happens.