EUR/USD Beginner Level trading
I took a long trade this morning when i started seeing green candles at the end of pre
I also took a short trade
I am short during franky and price has broken the Asian low. Franky is used to reversing so I will not be surprised if price reverses upwards, I will adjust my stop for breakeven
Closed it for 10 pips and today i was barely able to breakeven due to earlier losses during Franky. I am done for the day as its past my trading hours
I took a buy during franky, hoping to catch the reversal when price breaks the Asian high and I spot the first opposite candle. However, I was away from my system when the Asian high was broken and first opposite candle formed. by the time I cam back the franky reversal had started and price fell so quickly. I tried to short but got stopped out so i stopped trading for the day.
Franky stopped me out of my first short, but i entered again with a lower lot size
Did you take your profit at the pre low or did you get stopped out on this 2nd trade?
I exit my short with profit
The last few days, the breaks have been happening really late in the London session. But it is still the classic behavior of pre highs & lows holding until they break.
I entered after the first 10M of Franky, fading the pre high. And exit at the pre's low (not even 10 pips, but it is what it is). My stop was close to the yesterday's high, because I was anticipating that it could give a fake above. I think I would have moved it above a little bit if the price did spike there.
London gave a false break above the pre's high. I was looking to be on the sell side today, but price during Franky & London has been up & down, for me to consider running it. Breaks are happening late in the session. Even yesterday as well.
I exit my short with profit
You have been a great tutor, l am learning fast under your watch.
Did you take your profit at the pre low or did you get stopped out on this 2nd trade?
I took profit at the break of the Asian low.
Did you take your profit at the pre low or did you get stopped out on this 2nd trade?
I am learning a lot here
Did you take your profit at the pre low or did you get stopped out on this 2nd trade?
I got stopped out of the second trade and I entered a third trade going short again. The 3rd one was profitable
