If trades fail to achieve targets or fall short, it reveals important information on market prices and positions. Market prices were born and created to achieve targets. Imagine if a market price failed to move and remained stuck at one price all trading day. It's impossible these days unless influenced by the central bank like they used to do in the 1960s.
The Week's Trade Results
XAU/USD targets $1857 then shorts to $1759. Highs $1814, Lows $1760
XAU/EUR targets 1766 and 1698. Actual 1755.71, lows 1720.32.
CAD/JPY short 105.40 and 53 targets 103.24. Actual 106.12, 103.36. Few extra 59 pips to add one lot, thanks to a free money market gift.
USD/JPY targets 133.84 on a break of 134.59 from short 135.65 and 135.76. Highs 136.35, lows 135.01. See 60 pips miss and same as CAD/JPY. An extra lot added the 60 pips for extra free money, a market gift.
United States 10-Year targets 3.38 then 2.66. Actual 2.97 Vs. 2.78. Doing nothing and failed at targets. Speaks volumes.
DXY achieved overbought at 106.00’s, now short of targeting 103.00’s.
AUD/JPY 91.99 breaks lower. Lows 91.51 or 58 pips.
NZD/JPY 83.56, lows 82.99 or 57 pips.
EUR/JPY 138.75. Lows 138.23 or 52 pips.
GBP/JPY 160.62. Lows 160.87. Held, now do or die.
S&P 500 3841, Lows 3742, and bottoms 3600’s.
Brent 114.28 above and 113.12 below. Highs 114, low 101.17.
WTI crude oil 109.00’s Vs. 107.00’s. Highs 111.00’s, lows 97.00.
WTI and Brent entered problem territory about one week ago.
EUR/USD targets 1.0599 from 1.0384 and 1.0377. Highs 1.0460, low 1.0219. Long entry, 1.0384 and 1.0377. Same story as last week: add one lot.
EUR/USD problem status is also found in price trading overbought to overbought or oversold to oversold. EUR earns the designation.
Best trades yesterday were actually in wide range currencies: EUR/NZD, EUR/AUD, GBP/AUD. While we waited for EUR/USD, nothing happened to overall profits.