End of the month and quarter

The end of the month and the quarter today certainly provided the typical market volatility that often comes with such significant endings.  Profit taking came in in a big way after lackluster ADP report and Chicago PMI data, giving strength to the dollar, especially once traders realized that the GDP data was a bit better than expected.   Today I was lucky: I noticed that the GBPUSD pair had risen strongly in both the Asian and London sessions with no retracement, it is very rare to see one pair rise in all three sessions, so I figured this should be a nice short opportunity.   But three  equally compelling reasons supporting shorts were these:  price on the hourly GBPUSD chart came to hesitate perfectly at the 200ema, which was also the weekly pivot point, which was also the 50% retracement of the recent down move from 1.6460 to 1.5750:  all at 1.6120.  Too perfect.  I knew that there was quite a bit of econ news coming out in the next few minutes, but I made the decision to enter short at the close of the 8am hourly candle which closed as a doji.  I decided to try for 100 pips initially.   Sure enough, as ADP news came out, my short kicked into high gear.  The GDP data being dollar positive also helped my trade, and the poorer than expected Chicago PMI is what was really got the overall markets into a selling mode.  I figured that end of the quarter would be a take profit day most likely.  It only took two hours before my +100 pips profit was hit.   All in all, it was a good month of trading:  +758 pips total, 77% winners, 2.6 profit factor.   Again this month I only traded GBPJPY and GBPUSD.  Time to check the monthly candles closing today to see how it looks going forward.  Hmmmmm, red candles, and both pairs closed monthly below their 5emas.  Down continuation is expected.  Good trading!