EUR/USD Beginner Level trading

There are also some option barriers around 200, 250 and 500 but i would pay attention to the 1.1200 & 1.1500 option barriers because they are psychological numbers.

My expectation for todays is price is going to range around 1.12537 level but a break above will signal a buy opportunity

There are major option orders atacked at 1.1200 price level so this may draw price towards that level. I am short eurusd with stop loss above the range.

I exit my short with about 10 pip profit.

PL

Nice one @gloria, meanwhile can you shed more light, what chart timeframe is this, what currency pair? Also when you are taking the screenshot can you do it in such a way that it captures the price axis and the timeframe?

We are in the Londin session & price has broken the range that held it back initially and is moving upwards. If the price is able to break the Asian session high (meaning breaks out of the pink rectangle) it will be a signal to buy.

We are in the London session & price has broken the range that held it back initially and is moving upwards. If the price is able to break the Asian session high (meaning breaks out of the pink rectangle) it will be a signal to buy. However, remember that ther are option orders stacked around 1.1200 so price may fall towards that level too.

We are still in the London session & price is just ranging in the dark rectangle (ranging means sideways movement) so theres no real activity. I cant see it but i suspect that there are some major option orders stacked at the level at which price is ranging.

Eventually price is going to break free of the range and i suspect it would move downward.

Price is still ranging and although it attempted to break below the range, it was pushed back up. I am done for the day as it is past my trading hours of 6 am till 9 am.

used a 15 minute time frame

This the EURUSD currency pair

I was long on the Franky open during the last 5M of pre (first bar opposite trigger at 1230s, there was a level there). I had closed most of it at pre-high 1250.

The next level was at 1270, and my rest of the TP was hit at 1270.

I'm closing it for the week. It has been good, last was not so much. Most likely, I'll not be trading tomorrow.

@gloria I see you traded during a sideways trend or a ranging market, most times i dont trade the range i wait for either an upward or downward trend to emerge from the range before trading. There was also a bullish engulfing pattern you could have bought

okay i can see the breakout @yokoyi

I am short franky this morning, ususally the franky is always binary- either up or down bias but today my bias is down

Price began to reverse upwards during franky so i closed my trades and took a profit on one and a small loss on the other.

I wait for London session to start by 8 am then i enter the short again. The London session has a habit of following the Franky when it is at the edges.

See how Franky or fankfurt session is bearish (red candle) and the London session is also starting out this morning as bearish. Also notice how Franky started at the edge of the asian session (black rectangle)

I m done for the day, usually i stop trading by 9 o clock after the first hour of the Londin session because during that first hour, you see a lot of momentum. I am done for the week.

oh yeah,that would have gotten me a substantial profit and is a confirmation.still learning.