EUR/USD Beginner Level trading

SL blown

@yoks it looks like price is being drawn towards the 1.1700 PNT level you talked about on the other thread

This morning i took some shorts but they were not performing so I cut my losses early. I then took some long trades during the Frankfurt session, and I just closed them for around 10 pips profit each

I took some short trades that failed and I was down nearly 30 pips then I saw the upward strength and switched to long, and was able to recover 14 pips. I will recover the rest on tomorrows trade.

I am short EUR/USD

SL hit on the short trade but I will go in again

I have taken another short trade with 15 pip SL and TP at 1.1500 which is 50 pips away

SL blown

I just took a long trade with 9 pip SL and profit target at the 1.1750 PNT level. This is a 50/50 trade because we also have option clusters below so price could move in either direction.

SL blown on this trade, remember I said it was a 50/50

I have entered another long trade and this time I set my SL outside the Pre-Franky low and TP at 1.1750. I am still bullish because of the PNT trades at 1.1750

Price is falling towards my SL so I have adjusted it a bit because I am still bullish

Good afternoon @yoks, I went short in the morning and I was in profit before price suddenly started rising and I had to close the trade at break even. You are really doubling down on being bullish, and I see what you mean now cos price has started rising above 1.1700

@Kemi, today if you look at the fundamentals, the Strait of Hormuz has been reopened so the Petro Dollar trade effect that was making the USD strong will be reduced, meaning the USD will start weakening as the price of crude will start falling.

Secondly, if you look at the Privately Negotiated Trade (PNT) report I posted, there are lots of option expiries executed in the dark pool around the 1.1750 price on the CME. The open interest on these options is also positive (last column on the right) meaning these expiries are still active and have not been closed.

All of these factors are what made me to be bullish on eurusd today instead of being bearish.

I got astopped out of yesterdays long trade, obviously price chose to go towards the option clusters that were seated below instead of the PNT expity at 750

Just went short on eurusd, with SL above Pre Franky and my profit target is around the 1.1630 to 1.1600 level where there is a eurusd option cluster

I got stopped out of this trade

My overall direction for EUR/USD is bullish.

From the Daily Timeframe Order Block, EURUSD will be buying to take out all the necessary liquidity before dropping.

I have taken a long trade with 13 pip SL. Reason for the trade is that price broke out of the Asian range and is reversing back into it, so the bearish engulfing is our buy signal.

TP smashed (the bullish engulfing was our buy signal)