I took a short but had to close it for a small 2 pip loss because the price of usd/jpy which has negative correlation with eurusd, was dropping. I have now taken a long position
But what if price decides to start falling towards the eurusd clusters at 715 level?
In trading you have to be flexible, you can never now every outcome, you just trade what you see. I have closed the other long trade for a 2 pip profit and switched back to sell after I spotted the "twin tower" reversal pattern I encircled in blue
Yes boss! and this is why a trader needs to be sufficiently capitalized to be able to have enough funds left to switch bias
Yes @obinna meanwhile trade is looking good let me hope this is the start of the drop towards the option expiry clusters between 1.1715 and 1.1700
WOW! I just got stopped out, I will carry out a post-mortem on this trade to see what went wrong
I took a long trade because there's a large eurusd expiry sitting above us at 750
The trade is now in profit and I will be closing it here because price has exceeded the eurusd expiry level of 750
Nice analysis, for me I lost money because i shorted the bearish engulfing that appeared around 1.1744
The general rule of trading the Frankfurt open is you never short when you see a strong Frankfurt opening bar.
okay boss!
I took a long trade with SL below the Asian low and TP at the top of the weekend gap
I have closed my long trades for 25 pips each. I am done for the day.
Wow this is nice
Ready for the days trading
Just took a short on eurusd with 7 pip SL and TP at 1.1734 where the 200 day SMA is seated.
TP smashed
Two short trades after the break of pre-low. My profit target is at 1.1700 where there is significant open interest on eurusd expiries
Massive tank there on EURUSD
I am short eurusd. I went short during Frankfurt but got stopped out then I entered again during London.
I have a strong short bias today because there is a modest PUT option open interest at 1.1600
