EUR/USD Beginner Level trading
I am done for the day. Today was just a break even. I shorted pre but closed the trade by error and when i wanted to reenter, my network went off so i could not short pre again.
I then shifted my focus to franky and went long, and it was profitable/ Price was ranging around the 500/525 option barrier levels throughout franky/pre
Took a couple of trades today.
Trade 1 was a short where I was hoping to close it around 575 option barrier level, but price started going up after nearing the level, so I had to close the trade.
Trade 2 was a long and i took it, hoping price would hit the 600-option barrier level but it didnt work out so I closed the trade. I noticed that this week, Monday set the high and price has not been able to close above it properly. Today, price attempted to close above the Monday high but was pushed down as i explained for Trade 2.
Trade 3 is my final trade for the day, and it is a short trade as per Franky reversal. The trade is still active and i hope price falls to the 550-option barrier level cos that's where my TP is.
Okay results are in; I am down 6 pips today. Had to close my short trade (trade 3) as price started rising.
There has been no momentum in the market today, as price has just been ranging around pre-franky.
I am long on eurusd with 0.01 lot size, and my SL is below the range.. I am done for the day, as it is past my trading hours.
Got stopped out on this trade i opened in the morning, as price stated falling after reaching the option barrier at 700
I adjusted my SL to breakeven & got stopped out. I am done for the day as it is past my trading hours.
Today, I was unable to trade due to internet connectivity outage but this is what I would have done. I would have shorted Franky after break of first 15-M candle.
Today option barriers were at 675 & 690 (see blue flags) but surprisingly price didn't move towards them. Instead price moved towards the lesser option barrier of 650.
Today, I was unable to trade due to internet connectivity outage but this is what I would have done. I would have shorted Franky after break of first 15-M candle.
Today option barriers were at 675 & 690 (see blue flags) but surprisingly price didn't move towards them. Instead price moved towards the lesser option barrier of 650.
I only took 10 pips from a short that you highlighted too.
I knew Monday's can be strongly trending but i don't push trades when they reach my desired profit. I left ample profit on the table willingly and that is the way i take home money when market does range.
There were 2 clusters. And price could have moved to either of them.
1.1680-1.17000
1.1660-1.1650
Since later in the year frankfurt always sells when at range highs and buys when at range lows. That is why it's a fade regime during these months..
I only took 10 pips from a short that you highlighted too.
I knew Monday's can be strongly trending but i don't push trades when they reach my desired profit. I left ample profit on the table willingly and that is the way i take home money when market does range.
There were 2 clusters. And price could have moved to either of them.
1.1680-1.17000
1.1660-1.1650
Since later in the year frankfurt always sells when at range highs and buys when at range lows. That is why it's a fade regime during these months..
okay, sells at range highs and buys at range lows. I will observe this thankyou
