ForexSpirit

Euro seems ready to test the recent highs around the 1.3850 area today.

This obviously means that the profit target for my NFP trade was hit. It was actually touched yesterday morning, after which price drifted slightly lower, hovering just under the 1.38 level for the rest of the day. Today price has bounced up a bit and is thinking of pushing for a new all-time high.

I was waiting for price to dip a little bit further yesterday (say to down around the 1.3750 area) before getting back into the market, but if price holds steady above 1.38 I might jump in anyway.

Dirk has moved his grid back up to 1.35 to 1.39, which was his grid previous to the recent euro sell-off. I am also reverting back to my previous grid, which is 1.36 to 1.40. So, with price just above the median line of 1.38 I am most likely going to be entering a Q3 trade.

USD-JPY bounced off a low of 112.60 yesterday and is now creeping back above the 114 handle as carry trades are tentatively put back on. If price makes it to the upper regions of 114 or even into 115 I will look to short this currency pair once again.

There is one additional recollection about my trading last Friday morning during the NFP release that I want to record:

Since I have to be at the office during the day I like to take care of my baby daughter as much as possible in the mornings and evenings. During the morning this means getting her up, feeding her and getting her dressed. She generally wakes up between 7am and 8am and is always super happy in the morning, so it is a pleasure to see her big smile and bright eyes first thing in the day.

Last Friday she woke up at around 8am. I was able to do my trading research and analysis prior to that. All my trading stops and targets were in place.

By the time the NFP data came out at exactly 8:30am I was still feeding her. I sat and watched the economic data come out on CNBC as Sasha drank her bottle in my arms. I was simply unable to jump up and make a mad dash to the computer to make any hair-brained changes. I had a trading strategy in place for the day and I had no choice but to sit there and let it unfold. It certainly helped in being able to exercise a degree of patience.