Subject: 9-4-16 Tokyo Signals + Daily Recap

EURUSD

Buy  1.1170  SL  1.1155  TP1  1.1183  TP2  1.1191

Sell  1.1146  SL  1.1161  TP1  1.1133  TP2  1.1125

EURJPY

Buy  116.16  SL  116.03  TP1  116.27  TP2  116.34

Sell  115.96  SL  116.09  TP1  115.85  TP2  115.78

USDJPY

Buy  104.30  SL  104.07  TP1  104.50  TP2  104.62

Sell  103.94  SL  104.17  TP12  103.74  TP2  103.62

GBPUSD

Buy  1.3320  SL  1.3286  TP1  1.3347  TP2  1.3368

Sell  1.3266  SL  1.3300  TP1  1.3240  TP2  1.3218

CADJPY

Buy  80.20  SL  79.98  TP1  80.38  TP2  80.49

Sell  79.86  SL  80.08  TP1  79.68  TP2  79.57

NEWS OVER THE NEXT 24 HOURS

Sun Sep 4

7:30pm AUD AIG Services Index    53.9 

8:00pm JPY Average Cash Earnings y/y   0.5% 1.4% 

9:00pm AUD MI Inflation Gauge m/m    -0.3% 

               NZD ANZ Commodity Prices m/m    2.0% 

9:30pm AUD Company Operating Profits q/q   2.1% -4.7% 

               AUD ANZ Job Advertisements m/m    -0.8% 

9:45pm CNY Caixin Services PMI   51.9 51.7 

10:30pm JPY BOJ Gov Kuroda Speaks

Mon Sep 5

All Day ALL G20 Meetings

3:15am EUR Spanish Services PMI   55.1 54.1 

3:45am EUR Italian Services PMI   51.8 52.0 

3:50am EUR French Final Services PMI   52.0 52.0 

3:55am EUR German Final Services PMI   53.3 53.3 

4:00am EUR Final Services PMI   53.1 53.1 

4:30am EUR Sentix Investor Confidence   5.1 4.2 

              GBP Services PMI   49.1 47.4 

5:00am EUR Retail Sales m/m   0.5% 0.0% 

All Day CAD Bank Holiday

All Day USD Bank Holiday

DAILY RECAP

USDJPY                 Buy        +20 (+13 TP1)     Sell         NT

EURUSD               Buy        -12                          Sell        -12

EURJPY                 Buy        b/e (+20 TP1)     Sell        NT

GBPUSD               Buy        -29                          Sell        NT

CADJPY                 Buy        b/e (+15 TP1)     Sell         NT

One wins (20) = + 20, minus three losses (12 + 12 + 29) = - 53, for a net loss of - 33 pips.  TP1 picked up three wins (13 + 20 + 15) = + 48, for a net loss of - 5 pips.

Day:   - 33 pips

Week:   - 198 pips

Month:   - 551 pips

So another NFP comes and goes and really has no effect on us to speak of (I think we had one open trade…the CJ Buy…which reached TP1 prior to the release so it was a more or less locked in break-even result.  By the time the dust settled from the NFP the rest of the pending trades had moved away from the entries significantly, so my day was basically over by 9 a.m.

Tonight we have a lot of insignificant news leading into a morning session where Canada and the US are closed for business, so it has to be tonight or nothing.  Since we do have JPY, EUR and GBP news on tap I’ll go ahead and put up all five pairs but I’m not expecting real trading to begin before the Tuesday sessions.