EUR/USD Beginner Level trading
Smart approach. Short until the market proves otherwise, if stopped out, the options expiries at 1.1800–1.1850 give a solid reason to flip long.
Yes, exactly. I'm not afraid of taking a loss
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.
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
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.
I think EURUSD has changed trend to BEARISH
Yeah I noticed it on the daily timeframe
Yeah I noticed it on the daily timeframe
I saw it earlier today too
I am short eurusd with 12 pip SL and TP target of 1.1625 where there is an option cluster below
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
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
Thank you for sharing this. The first stop out was unfortunate, but the way you regrouped in the NY session was impressive ,identifying the bearish engulfing after the Asian range breakout and holding conviction overnight shows real discipline.
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
The process was solid throughout. A -20 pip day after two separate sequences is a controlled result, and that second trade proves the bias was right all along. On to the next one!
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
I am short with 7 pip SL and TP target at 1.1675 which is the 200 day moving average
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
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
I got stopped out of the short trade, I will now position for a buy with profit target at 1.1750 where the big option expiry is seated
I got stopped out of the short trade, I will now position for a buy with profit target at 1.1750 where the big option expiry is seated
Will love to see the analysis