EUR/USD Beginner Level trading

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@godswillfx - 3 months ago
Quoted - yokoyi

Yes, exactly. I'm not afraid of taking a loss

Risk management is everything. I already know my max loss before I enter if it hits, I close it and move on.

No ego, no revenge trading.

The next setup is always coming.

Y
@yokoyi - 3 months ago

I am closing the trade here and taking profit because I suspect price might bounce back up from here and start heading towards the option cluster above

Y
@yokoyi - 3 months ago

I am long on eurusd

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@godswillfx - 3 months ago
Quoted - yokoyi

I am long on eurusd

I'm long too. Entered after the liquidity sweep around 1.1730. TP is set near 1.1742 with the stop below the low. Risk looks good from here.

G
@godswillfx - 3 months ago
Quoted - yokoyi

SL blown

I think EURUSD has changed trend to BEARISH

Y
@yokoyi - 3 months ago

I am short eurusd with 12 pip SL and TP target of 1.1625 where there is an option cluster below

Y
@yokoyi - 3 months ago

Yesterday I took some shorts and added to my winners, targeting profit at the 1.1650 option expiry that was sitting below. However, after I was up 15 pips, the price suddenly reversed upwards and stopped me out.

I then positioned for another short during the NY session after price broke out of the upper Asian range and formed a bearish engulfing pattern (blue circle). I held the short overnight and closed it this morning and that short was profitable as price dumped towards the option expiries below.

At the end of the day I was still down around 20 pips

Y
@yokoyi - 2 months ago

I took a long trade after price broke below the pre-franky low and began reversing back into it. Monday's are usually ranging days so i will let it run

Y
@yokoyi - 2 months ago

I closed yesterdays long trade for 20 pips

Y
@yokoyi - 2 months ago

I am short with 7 pip SL and TP target at 1.1675 which is the 200 day moving average

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@godswillfx - 2 months ago
Quoted - yokoyi

I am short with 7 pip SL and TP target at 1.1675 which is the 200 day moving average

The 200-day MA at 1.1675 as your TP is a solid, well-reasoned target.

it's a widely watched level and often acts as strong support, so price gravitating toward it makes technical sense for a short.

However, the 7-pip stop loss is the real concern here. That is extremely tight

Y
@yokoyi - 2 months ago

This looks like a sell-signal to me

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