EUR/USD Beginner Level trading

The stop needs to be where the stop needs to be and that is away from your entry signal. In this case my entry signal is encircled in blue.

So, as per the report you posted, 11500 is like saying 1.1500? Also, I can see price rising towards 11500. Will you be holding the trade open til 11500 is reached, perharps adjusting your SL to secure profit along the way?

Also want to know why they are called PNT trades and who is responsible for executing them

Yes, 11500 is the same as 1.1500 and no I will not be holding the trade till then. Once my TP is hit I am out. However there is a strong tendency that price will rise till 1.1500.

My TP has been smashed so I exit with profit.

They are called PNT becase these trades are Privately Negotiated Trades executed in a darkpool so as not to cause any noticeable spike on the charts. PNT trades are not a daily occurence infact you may fine 1 or two in a month. PNT trades are executed by institutional players like hedge funds for the purpose of hedging their exposure in other investments.

Price has finally gotten to the 1.1500 PNT trade level and has started falling.

Wow, so theres more to price movement than just technicals!

I just took two buy trades with 8 pip SL and closed for 10 pips profit each.

The reason for the trade was because there was an option expiry sitting at 1.1500 which usually attracts price to itself. So, as soon as price had broken out of the Asian range and was reversing back into it, I took a buy (blue circle was buy signal). This is a classic Franky reversal playbook.

I just took a buy trade and closed with 12 pips profit. The reason for this trade was because price broke out of the lower Asian range and began reversing back into it leaving a buy signal (encircled in blue) in its trail. i saw the buy signal (bullish engulfing) and decided to buy with 17 pip SL placed away from (below) the bullish engulfing pattern

Ok I get it, but I guess the buy signal was the bullish engulfing pattern. But my area of confusion is why did you select that particular bullish engulfing because before it, they were other bullish engulfing patterns you could have used.

Yes, there was another bullish engulfing that formed prior to the one I used but it didnt have any continuation. After it formed momentum faded and price went down. For the one I used, after it formed, momentum/volume was high so price kept going up. Hope this helps.

Got stopped out of the first buy trades (blue circle) I took during Pre-frankfurt.

I got back in for another set of buy trades (black circle) during London those trades ended in a break even.

The reason for both buy trades was because price was reversing back into the Asian range after breaking out, creating a buy opportunity.

Overall I am down around 30 pips today thanks to the first trades where I got stopped out.

This morning price has broken out of the Pre-Franky high and I expect a reversal so I can sell.

The open interest for EURUSD options looks promising and there is a cluster between 1.1500 to 1.1400 so I am bearish at least for the London session

Bearish engulfing spotted. This looks promising but let me wait for momentum to build before I consider selling.

yoks.
A rule for trading frankfurt is that you must have made money in the first 30 minute of that candle or you are on the wrong side. So if frankfurt is blue and you are short after 40 minutes you are on the wrong side.

Additionally you should never fade a strong frankfurt that is very strong in the first 15 minutes. I maybe wrong sometimes but strong frankfurt bar don't fall back.

I am short eurusd and I am targetting profit at 1.1500

Short on top? Bearish engulfing.

Yes, the blue circle shows the sell trigger

This is the trade update Its in profit and I should add to my winners but I dont have enough trading capital and I dont want to get caught in a margin call